Tag
FX MARKET
In Nigeria, the forex turnover in the official foreign exchange market has struggled to reach the $300 million mark, a figure last seen during the initial days of forex unification.
The Central Bank of Nigeria has attributed the crash of the naira against the dollar and its inability to manage the foreign exchange market.
The NBS' CPI report for the month of March 2022, showed that Nigeria’s inflation rate quickened to a five-month high, standing at 15.92%...
The knock-on impact on the global economy sustained pressures, as it stays rooted in the war between Russia and Ukraine.
The ongoing invasion of Ukraine by Russia saw no respite this week, dragging the global market through its murky path.
Despite elevated crude oil prices, with Brent futures trading as high as US$114 per barrel, the OPEC+ bloc has shrugged off pressures to accelerate supply
Global Events As both delta and omicron variants sweep through the world with cases in nations like the...
The supply side narrative to the perennial FX crisis in the Nigerian economy has been over-flogged, as a...
Nigeria needs supply, the foreign exchange market needs liquidity, Nigerians need dollars.
Chukwu has explained how foreign exchange crises have negatively impacted foreign investors' sentiment in Nigeria’s equities market.
The possibility of further devaluation and weak economic outlook has stalled foreign portfolio inflows.
Bond market to maintain a similar trend on Tuesday as the bulk of the attention will be skewed towards the outcome of the Sukuk auction.