Author: Marketforces Africa

Great Britain Pounds or the sterling sees large depreciation against the United States dollar on Monday after the Bank of England said that it was monitoring financial markets very closely.

OECD has warned of a pervasive global economic slowdown amidst uncertainties, sees gross domestic product rising by 3% in 2022 and 2.2% in 2023, according to a recent interim economic outlook report.

Angola’s central bank monetary policy authority cuts the benchmark interest rate by 50 basis points to 19.50% in a decision announced on Monday.

When governments deploy tax revenues for the common good of the citizens, there is a concomitant increase in tax compliance by citizens who see the direct benefit of the taxes they pay.

Brent crude oil prices fell sharply to a nine-month low, resulting in a sell-off that was magnified by a surge in the US dollar, making USD-priced commodities more expensive for investors, Australia’s ANZ Bank said in a Monday note.

The Federal Government has ordered Vice-Chancellors in universities to re-open schools…

Ahead of a scheduled $1.7 billion foreign currencies (FX) backlog payment, Nigeria has seen its external reserves drooping for the third week amidst a sustained decline in the foreign receipts from crude oil exports.

The average yield on Nigerian Treasury bills tracks lower amidst sustained pressures in the financial system liquidity ahead of Central Bank (CBN) primary market auction this week.

Globus Bank Limited gets a top-notch rating on the lender’s sound risk position and healthy capital with an outlook accorded as stable amidst aggressive business penetration moves.

Deposit money banks in Nigeria have been listed among other emerging market financial services operators that will benefit from rising interest rates.