MarketForces Africa

Gov. Abba Yusuf of Kano State has presented a budget of N549 billion for 2025 fiscal year to the State House of Assembly for passage into law. https://lnkd.in/ekckfsi5 #KanoState

The Nigerian Exchange (NGX) kept uptrend as investors recorded about N189 billion gain in the market on Friday. NGX closed trading activities for the week positive, as the market performance indicators advanced further by +0.32% https://lnkd.in/ePjhUV4h #Stockexchange

Oil slides in the global commodities market on during early trading hours on Friday amidst U.S Fed rates cut, and supply threat from Hurricane. China crude oil

Oil slides in the global commodities market on during early trading hours on Friday amidst U.S Fed rates cut, and supply threat from Hurricane. China crude oil imports still remain unimpressive even with the Beijing stimulus while OPEC+ stayed action on output hike. https://lnkd.in/eA_RcM3W #oilprices

The National Insurance Commission (NAICOM) has given insurance companies Dec.31 deadline to clear all outstanding claims https://lnkd.in/ex_RsgJK #NAICOM #insuranceindustry

The Eurobond market beamed with buying interest in Nigeria’s Eurobonds in the international capital market, similar experience to trade pattern experienced in the previous day. https://lnkd.in/epfS8hHU #Eurobonds

Nigeria’s gross external reserves increased by $7 billion from the beginning of the year to date, according to data from the Central Bank. https://lnkd.in/ezG7ibZf #ExternalReserve

Nigeria's gross external reserves crossed $40 billion this week. What does it mean for the naira, and the economy? What's the primary purpose of external reserves? Subject matter experts, enlighten us. #Naira #Forex #USD #Nigeria #FXmarket #Lagos #Abuja Central Bank of Nigeria #Monetary #Economists #Financialmarkets #Investment FEDERAL MINISTRY OF FINANCE, BUDGET & NATIONAL PLANNING NIGERIA

The Nigerian Communications Commission (NCC), in a bid to improve transparency in the telecom industry says it will simplify the process of tracking data usage for customers. https://lnkd.in/et7cg9KF Nigerian Communications Commission

Equities investors gained about N217 billion as trading activities on the Nigerian Exchange (NGX) platform gained tractions. Key performance indicators climbed on the day as investors increased bets on oil stocks in particular https://lnkd.in/e9uF4Sam #Stockmarket