Private Sector Expands to 5-Month High as Naira Worsens Purchase Costs

News October 4, 2022

The end of the third quarter of 2022 saw growth gather momentum in the Nigerian private sector…

Naira Depreciates 6% at Investors, Exporters FX Window

News October 4, 2022

The Nigerian local currency, the naira, depreciated by about 6% at the Investors and Exporters foreign exchange…

Analysts See Yields Rising as CBN Sells T-Bills at 12%

Uncategorized October 4, 2022

A relatively weak liquidity position in the financial system will force market participants to sell their short-dated

Moody’s Downgrades Ghana over Heavier Debt Burden, Weak Revenue

News October 3, 2022

Moody’s Investors Service has downgraded the Government of Ghana’s long-term issuer and senior…

British Pound Gains as Govt. Abandons Top Tax Rate Cut

Foreign October 3, 2022

The Great Britain Pounds –the sterling- edged higher to approach $1.12 on the first trading day…

Naira Falls across FX Markets as Devaluation Tantrum Gets Louder

FX Market October 3, 2022

There is no respite for the Nigerian local currency, the naira, as exchange rates worsen across foreign exchange…

Nigeria’s Inflation Fighting Interest Rate Hikes Laden with Tradeoffs

Economy October 3, 2022

Nigeria’s inflation-fighting benchmark interest rate hike that started in the first half of 2022…

CBN Sells N554bn Treasury Bills, 24% over Target

News October 2, 2022

The Central Bank of Nigeria (CBN) sold treasury bills worth about N554 billion in September 2022

NGX Rises as Value Hunters Take Positions

Stock Market October 2, 2022

NGX Rises as Value Hunters Take Positions The equities segment of the Nigerian Exchange, NGX, gained about N8 billion in…

Credit Suisse CEO Assures Jittery Investors as Default Nears 2009 Level

Foreign October 2, 2022

As Europe faces a dark winter and a war on the continent, Credit Suisse Group AG is facing stress in the credit default

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