Olumide Adesina, Author at Nairametrics

American Dollar remains king as stimulus fails to stop global financial market panic,Demand for “Inflow dollars” drive exchange rate to as high as $N420/$1 compared to “Cash dollars”, U.S dollar drops against major currencies, tension rises between America and China, U.S dollar gains against major currencies, America threatens China with sanctions., U.S dollar down against major currencies, more countries start lifting of COVID-19 induced lockdowns, The U.S. Dollar Index that tracks the American dollar dropped 0.14% to 96.5 as global Investors and traders appetite for risk increased in momentum, Digitization of U.S Dollar Faces U.S Senate Hearing, U.S dollar Remains Neutral as Strong Economic Macros Weaken its demand, U.S dollar Remains Neutral as Strong Economic Macros Weaken its demandU.S dollar Remains Neutral as Strong Economic Macros Weaken its demandU.S dollar Remains Neutral as Strong Economic Macros Weaken its demand

Investors are ignoring fiscal and monetary help, as uncertainty from the coronavirus outbreak coupled with weakening economic outlook.

Nigerian Stock Exchange, NSE: Return of the Bulls, Bulls reign at the bourse as stocks gain N460.69 billion on Wednesday, Okomu, UACN, Ekocorp top gainers list on Friday, Stock Market closed the week bullish as ASI grew 0.94% , Investors gain N41.94 billion on Tuesday as Bulls make rebound, NSE: Bearish trade costa investors N12.2 billion on Tuesday, NEM, Mansard, First Bank lead gaining stocks as ASI grew 0.61%, Nigerian bourse breathes a sigh of relief, index up 0.17%, Bulls charged Nigerian bourse, ASI Index up 1.09% investors gain N128.49 billion, Bulls stage comeback has ASI up 0.19%, investors gain N21.86 billion, Bulls gain momentum, as stimulus package lifts global financial markets, Bulls dominate Nigerian bourse investors gain N162 billion

Bulls charge Nigerian bourse, investors gain N128.49 billion

by Olumide Adesina

March 19, 2020

The Nigerian bourse reversed previous day loss as the All Share Index rose by 1.09% on Wednesday to settle at 29,352.13.

Nigerian Treasury Bills falls to 3.05% per annum, Nigerian money markets

Nigerian Treasury Bills real interest rate falls to -12%

by Olumide Adesina

March 19, 2020

The latest data from the Central Bank of Nigeria revealed that the Nigeria’s 364-day treasury bills have fallen to 4.6%

Foreign exchange market, Nigeria’s fixed income & money market update ending 13th March, 2020, Why the s, CBNtrong dollar is giving Nigeria headache, Nigerian banks broadly positive after Naira devaluation, Exchange rate sustains gain at NAFEX window as CBN orders BDCs to sell at N386/$1

Why the strong dollar is giving Nigeria headache

by Olumide Adesina

March 18, 2020

Investors are fleeing emerging markets in record numbers and piling into the safe-haven greenback with two emergency interest-rate cuts this...

Force Majeure,Crude Oil hits $28, hitting its lowest level since 2003

Crude oil hits $27.50, lowest level since 2003

by Olumide Adesina

March 18, 2020

Nigeria's income from oil and gas is projected to fall by between 50% and 85% in 2020, reaching the lowest...

Bears grip Nigerian bourse, ASI Index down 0.71%

by Olumide Adesina

March 18, 2020

Bearish sentiments persisted in Nigeria's bourse on Tuesday as the Nigerian All-Share Index and market capitalization declined further

Bears ravage global market

by Olumide Adesina

March 17, 2020

Global markets and oil prices remain fairly stable after coronavirus panic caused Wall Street's worst one-day sell-off since the Black...

FG moves to capture 80% of Nigerians in formal financial services sector, Massive depreciation of the Naira as investors get jittery, Naira’s one-year currency forward falls to N515

Defending the naira at a cost

by Olumide Adesina

March 17, 2020

President Muhammadu Buhari has made currency stability a key pillar of his plan to revive an economy still reeling from...

Nigerian Stock Exchange, Nigerian Stocks, Daily market summary, NSE, Bourse bows to bears as ASI dip 0.55% on Friday, NSE: Bears dominant reign continues as ASI shed 4.91% on Tuesday, Bearish trend persists at Nigerian Stock Exchange, as investors lose N456 billion, Bears return, Nigeria’s local bourse drops 0.12%, Bears return Nigeria's ASI index down 3.12% Investors lose N370 billion, Bulls lift Nigerian bourse up 0.10%, as trading volume picks up, BUACEMENT, CADBURY, WAPCO Bring the Bears to Party, Investors Lose N198.05 Billion

Bears return, Nigeria’s local bourse drops 0.12%

by Olumide Adesina

March 17, 2020

The Nigerian bourse fell slightly to open the week, as the Nigerian All Share Index/Market Capitalization declined by 0.12%.

Uncertainty strengthened as foreign portfolio investors pull out funds

by Olumide Adesina

March 16, 2020

Driven by fears of naira being weakened at the fallout in last week's plunge in oil price, foreign portfolios investors...

Olumide Adesina

Global market in panic mode, as American dollar remains king

Bulls charge Nigerian bourse, investors gain N128.49 billion

Nigerian Treasury Bills real interest rate falls to -12%

Why the strong dollar is giving Nigeria headache

Crude oil hits $27.50, lowest level since 2003

Bears grip Nigerian bourse, ASI Index down 0.71%

Bears ravage global market

Defending the naira at a cost

Bears return, Nigeria’s local bourse drops 0.12%

Uncertainty strengthened as foreign portfolio investors pull out funds

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