MarketForces Africa
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MarketForces Africa
@marketforcesa.bsky.social
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MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, crypto, forex markets and investment ecosystem.
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MarketForces Africa @marketforcesa.bsky.social · 2h
Nigeria plans to demand a higher oil production quota at the next meeting of the Organisation of Petroleum Exporting Countries (OPEC) scheduled for November, according to the Minister of State for Petroleum Resources ...

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#OPECquota #HydrocarbonRevenue
Nigeria Seeks Higher OPEC Quota To Boost Hydrocarbon Revenue
% Nigeria Seeks Higher OPEC Quota to Boost Hydrocarbon Revenue
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MarketForces Africa @marketforcesa.bsky.social · 2h
In the global commodity market, oil prices surged over 2% during early trading hours on Thursday amid mounting supply concerns following US sanctions on Russia’s two largest oil companies, Rosneft and Lukoil.

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#Oilprices
Oil Prices Surge As US Hits Russia With News Sanctions
In the global commodity market, oil prices surged over 2% during early trading hours on Thursday amid mounting supply concerns following US
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MarketForces Africa @marketforcesa.bsky.social · 2h
The Petroleum Training Institute (PTI) has called for the early inauguration of the Africa Energy Bank (AEB) to enhance access to affordable energy financing and accelerate sustainable growth across the continent.

dmarketforces.com/petroleum-in...
Petroleum Institute Urges Early Take Off Of Africa Energy Bank
The Petroleum Training Institute (PTI) has called for the early inauguration of the Africa Energy Bank (AEB) to enhance access to affordable energy
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MarketForces Africa @marketforcesa.bsky.social · 2h
With a plan to list 10% on the Nigerian Exchange, Dangote Refinery is set to more than double its current refining capacity to about 1.4 million bpd, becoming the world’s largest refining facility and surpassing the 1.36...

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#DangoteRefinery
Dangote To Sell 10% Interest In 650,000 Bpd Refinery
% Dangote to Sell 10% Interest in 650,000 bpd Refinery
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MarketForces Africa @marketforcesa.bsky.social · 2h
First Bank of Nigeria Ltd (FirstBank) has announced the successful integration of the Pan-African Payment and Settlement System (PAPSS) into its flagship digital banking platform, the LIT app.

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#FirstBankNigeria #crossborderpayments
FirstBank Integrates PAPSS Into App To Ease Cross-Border Payments
First Bank of Nigeria Ltd (FirstBank) has announced the successful integration of the Pan-African Payment and Settlement System (PAPSS) into its
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MarketForces Africa @marketforcesa.bsky.social · 2h
Investors pitched their tents with MTN Nigeria ahead of the third quarter of 2025 earnings release. The telecom company’s market value edged higher to about N10.5 trillion, its record high on the Nigerian Exchange.

dmarketforces.com/mtn-nigeria-...

#MTNNigeria
MTN Nigeria Hits 52-Week High Pf N10.45T As Q3 Earnings Loom
% MTN Nigeria Hits 52-Week High pf N10.45T as Q3 Earnings Loom
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MarketForces Africa @marketforcesa.bsky.social · 2h
Money market rates eased as excess liquidity in the banking system increased amidst the Nigerian Treasury bills auction. The authority conducted a primary market auction where N650 billion worth of Treasury bills was floated...

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#moneymarket
Money Market Rates Ease As Financial System Liquidity Climbs
% Money Market Rates Ease as Financial System Liquidity Climbs
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MarketForces Africa @marketforcesa.bsky.social · 2h
Lafarge Africa Plc grew profit after tax by 246% year on year to N207.780 billion, according to an unaudited financial statement for 9 months filed on the Nigerian Exchange by the cement company.

dmarketforces.com/lafarge-afri...

#LafargeAfrica
Lafarge Africa Grows Profit By 246%, Retains Positive Outlook
Lafarge Africa Plc grew profit after tax by 246% year on year to N207.780 billion, according to an unaudited financial statement for 9 months...
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MarketForces Africa @marketforcesa.bsky.social · 12h
Access Holdings Plc has published its long-awaited audited interim financial statements for the half-year ended June 30, 2025. The delay attributed to the complex post-acquisition audits of recently acquired subsidiaries,

dmarketforces.com/access-holdi...

#AccessBank
Access Holdings Delivers Bumper Earnings Harvest For Q3
Access Holdings Plc has published its long-awaited audited interim financial statements for the half-year ended June 30, 2025. The delay attributed
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MarketForces Africa @marketforcesa.bsky.social · 13h
The U.S. has imposed further sanctions as a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine and calls on Moscow to immediately agree to a ceasefire deal.

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#US #Russia
U.S. Sanctions Major Russian Oil Companies, Pushes Ceasefire Deal
The U.S. has imposed further sanctions as a result of Russia's lack of serious commitment to a peace process to end the war in Ukraine and calls on
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MarketForces Africa @marketforcesa.bsky.social · 13h
The Central Bank of Nigeria (CBN) hiked interest rates on Nigerian Treasury bills across standard tenors allotted to investors at the primary market auction amidst soft subscription.

dmarketforces.com/cbn-hikes-in...

#CBN #Treasurybills
CBN Hikes Interest Rates On Treasury Bills As Demand Softens
The Central Bank of Nigeria (CBN) hiked interest rates on Nigerian Treasury bills across standard tenors allotted to investors at the primary market a
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MarketForces Africa @marketforcesa.bsky.social · 13h
The South African rand traded around 17.5 per US dollar in the forex market, trading near a two-week low, pressured by declining prices of precious metals, particularly gold.

dmarketforces.com/south-africa...

#SouthAfricanRand #FXMarket
South African Rand Slides As Gold Bear Emerges
The South African rand traded around 17.5 per US dollar in the forex market, trading near a two-week low, pressured by declining prices of precious
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MarketForces Africa @marketforcesa.bsky.social · 18h
Crude oil prices edged higher in the global commodity market on Wednesday over demand and supply imbalance stoked by escalating geopolitical tensions.

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#Crudeoil
Crude Oil Prices Edge Higher On Demand, Supply Imbalance
Crude oil prices edged higher in the global commodity market on Wednesday over demand and supply imbalance stoked by escalating geopolitical
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MarketForces Africa @marketforcesa.bsky.social · 18h
Gov. Lucky Aiyedatiwa of Ondo State has urged British investors to tap into the state’s abundant natural and economic resources. Aiyedatiwa reaffirmed his administration’s readiness to deepen development ties with the...

dmarketforces.com/aiyedatiwa-w...

#Aiyedatiwa #OndoState
Aiyedatiwa Woos UK Investors, Unveils Ondo's Untapped Resources
% Aiyedatiwa Woos UK Investors, Unveils Ondo's Untapped Resources
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MarketForces Africa @marketforcesa.bsky.social · 18h
Reflecting the absence of demand pressures, the naira held its position against the US dollar at the Nigerian foreign exchange market. An update to the FX report by the Apex Bank showed signals there was...

dmarketforces.com/naira-steadi...

#Naira
Naira Steadies At N1463/$ In Absence Of FX Liquidity Pressure
% Naira Steadies at N1463/$ in Absence of FX Liquidity Pressure
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MarketForces Africa @marketforcesa.bsky.social · 18h
The Nigerian Society of Engineers (NSE) has launched a 17.4 million dollar partnership with MIDAS IT, India, a software company, towards providing engineering education in 15 Nigerian universities.

dmarketforces.com/nse-launches...
NSE Launches $17.4m Engineering Education Partnership With Indian Software Firm
The Nigerian Society of Engineers (NSE) has launched a 17.4 million dollar partnership with MIDAS IT, India, a software company, towards providing
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MarketForces Africa @marketforcesa.bsky.social · 19h
The Nigerian Exchange (NGX) market capitalisation crossed N97 trillion mark as investors’ bullish sentiment heightened. Trading data showed that equity portfolio value surged by about N1.45 trillion to close...

dmarketforces.com/nigerian-exc...

#NGX #Stockmarket
Nigerian Exchange Hits N97.58trn As Investors Gain N1.45trn
The Nigerian Exchange (NGX) market capitalisation crossed N97 trillion mark as investors' bullish sentiment heightened.  Trading data showed that
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MarketForces Africa @marketforcesa.bsky.social · 19h
Malawi has banned the export of raw minerals in the mining sector, saying the country stands to earn up to 500 million dollars a year.

dmarketforces.com/malawi-bans-...

#Malawi #InsideAfrica
Malawi Bans Export Of Raw Materials In Mining Industry
% Malawi Bans Export of Raw Materials in Mining Industry
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MarketForces Africa @marketforcesa.bsky.social · 19h
The House of Representatives has resolved to set up an ad hoc committee to investigate government’s investment of 460 million dollars in CCTV camera installation in strategic areas in Abuja.

dmarketforces.com/reps-to-inve...
Reps To Investigate Abuja $460m CCTV Installation Contract
The House of Representatives has resolved to set up an ad hoc committee to investigate government’s investment of 460 million dollars in CCTV ca
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MarketForces Africa @marketforcesa.bsky.social · 22h
Ecobank Nigeria, a subsidiary of the leading pan-African banking group, has entered into a strategic partnership with the Lagos State Employment Trust Fund (LSETF) to empower Micro, Small, and Medium Enterprises (MSMEs)...

dmarketforces.com/ecobank-nige...

#Ecobank
Ecobank Nigeria Partners LSETF To Empower MSMEs
Ecobank Nigeria, a subsidiary of the leading pan-African banking group, has entered into a strategic partnership with the Lagos State Employment
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MarketForces Africa @marketforcesa.bsky.social · 23h
Bitcoin, Ethereum and other top cryptocurrencies are trading negative on Wednesday as euphoria from the recent rally fizzled out. Most of the tokens were in the red, and the orange coin fluctuation is dragging...

dmarketforces.com/bitcoin-ethe...

#Bitcoin #Ethereum #cryptocurrency
Bitcoin, Ethereum Pullback On Sharp Retail Selloffs
Bitcoin, Ethereum and other top cryptocurrencies are trading negative on Wednesday as euphoria from the recent rally fizzled out. Most of the token
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MarketForces Africa @marketforcesa.bsky.social · 1d
The Independent National Electoral Commission (INEC) has announced that more than eight million Nigerians have completed the pre-online registration in the ongoing nationwide Continuous Voter Registration (CVR).

dmarketforces.com/2027-electio...

#INEC
2027 Election: Over 8m Nigerians Complete Pre-Online Registration – INEC
The Independent National Electoral Commission (INEC) has announced that more than eight million Nigerians have completed the pre-online regis
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MarketForces Africa @marketforcesa.bsky.social · 1d
The Nigerian National Petroleum Company Limited (NNPC) recorded a ₦4.26 trillion revenue in August alone, according to the company’s September 2025 monthly performance report released on Tuesday.

dmarketforces.com/nnpcl-posts-...

#NNPC
NNPCL Posts N4.2trn Revenue, Remits N10trn To Federation Account
The Nigerian National Petroleum Company Limited (NNPC) recorded a ₦4.26 trillion revenue in August alone, according to the company’s Septemb
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MarketForces Africa @marketforcesa.bsky.social · 1d
The Central Bank of Nigeria (CBN) sold OMO bills worth N827 billion to deposit money banks (DMBs) and foreign portfolio investors (FPIs) who participated in its open market operation.

dmarketforces.com/cbn-offers-1...

#CBN #OMOBills
CBN Offers 19.84% Interest On Nigerian OMO Bills
The Central Bank of Nigeria (CBN) sold OMO bills worth N827 billion to deposit money banks (DMBs) and foreign portfolio investors (FPIs) who part
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MarketForces Africa @marketforcesa.bsky.social · 1d
The Nigerian Council of Registered Insurance Brokers (NCRIB) has projected that Nigeria’s insurance penetration could reach three per cent within the next three years.

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#NCRIB
NCRIB Projects 3% Insurance Growth
The Nigerian Council of Registered Insurance Brokers (NCRIB) has projected that Nigeria’s insurance penetration could reach three per cent within
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