- Naira Softens on Weak FX Supply, Foreign Reserves Top $51bn
- Equities Investors Lose N5.6trn as NGX Indicators Plunge
- Iran Plans to Restore 3mbpd Oil Production in 60 Days
- Aradel Grows Profit by 192%, Declares N23 as Final Dividend
- Dangote Cement Sells 64% of Production Volume to Nigerians
- Naira Tumbles as Interbank FX Turnover Drops by 43%
- XRP Rises as HKIMR Recognises Ripple for Cross-Border Payment
- ETC- Ethereum Classic Gains 6% on Listing Speculation
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
With 10 development banks in Nigeria, and increasing establishment in …
12 Countries with FX Rates Unification Concerns Nigeria: In the last five years, Nigeria has devalued its official exchange rate by more than 92% and the currency war has not been won –yet or perhaps unlikely. Nigeria reintroduced foreign exchange rationing following the sharp fall in oil prices in 2015. According to Intentional Institute of Finance (IIF) in a report, the persistent opaque rules of foreign exchange allocation have created uncertainty for the private sector, encouraged smuggling, and enabled corruption. It said the still-large spread between the official and parallel market rates has created arbitrage opportunities for a small segment…
Yield on Nigerian government Bond advanced two basis points as pressure ease
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Access Bank’s plan to buy majority stake in African Banking Corporation (BancABC)
Foreign exchange (FX) rates unification will halt arbitrage, smuggling…
After falling below $50K, Bitcoin dominance has been jerked down as …
This week, the Nigerian local currency, Naira, bucked negative trend appreciates