Analysis: Move Over Bonds, FX Taking Over As Investors’ New Favourite Playbook
A dearth of action in fixed income markets is prompting bond investors to focus more on currencies to spot market…
Year: 2020
Next Africa: Nigerians Find That Democracy Brings Few Changes
This was the week Nigerians learned that two decades of democratic rule have brought scant change. When the ruling elite…
Arik Resumes Lean Operations Oct.23
Arik Air says it will resume limited flights to some destinations where there are no curfew on Oct. 23. Mr…
Dollar Set For Weekly Loss Amid U.S. Stimulus, Election Uncertainty
The dollar lost a little ground against most currencies on Friday after a measured U.S. presidential debate and headed for…
Sterling Slips After UK PMI Slowdown, Still Up On The Week
The pound slipped against the dollar and euro on Friday after the UK Purchasing Managers’ Index (PMI) fell to a…
Pound Slips As Experts Say Accidental No-Deal Brexit Remains High
The pound fell Thursday despite the U.K. and EU resuming talks on a trade deal as experts warned that the…
OPEC+ Production Cut Might Be Extended As Nigeria Struggle To Meet Quota
There is every indication that the OPEC+ production cut target might be extended a little far into the coming year…
1,183% Jump In FX Demand Weakens Naira By 0.06% At I&E
The Naira fell by 25 kobo or 0.06 per cent at the Investors and Exporters (I&E) segment of the foreign…
Young Nigerians Came To Protest Police Brutality. Then The Shooting Started
LAGOS, Nigeria—The first sign that something was wrong at Lekki Toll Gate came when the lights went out. David Emmanuel,…
Stakeholders Seek Mechanised Exploration Of Gold
Stakeholders in solid minerals industry are calling for the mechanised exploration of the abundant mineral resources in Nigeria. Specifically, they…
Burned-Out Buildings And Armed Gangs In Lagos Despite President’s Plea
Gangs armed with knives and sticks blocked major roads in Lagos on Friday, with many angered by an appeal by…
Nigeria’s President Buhari Calls On Protests To Stop, Engage With Government
Nigeria’s President Muhammadu Buhari called on protesters to stop demonstrating and engage with government in a short speech on Thursday.…
Gold Falls 1% On Resilient U.S. Jobs Data, Dollar Recovery
Gold retreated 1% to near $1,900 an ounce on Thursday on better-than-expected U.S. jobs data, with appeal of the metal…
Buhari Readies New Plans To Appease Nigerian Protesters
Nigeria’s President Muhammadu Buhari will announce new measures on Thursday to address the grievances of youths who’ve staged mass protests…
Goldman Is Calling A Bull Market For Commodities In 2021 On Dollar Moves And Inflation Risk
Goldman Sachs is forecasting a bull market for commodities in 2021 based on its outlook for a weaker dollar, inflation,…
US Green Card Lottery Visa Ban For Nigeria
Actually in this case it is just a coincidence that Nigeria has been omitted from the Green Card Lottery at…
FG October Bonds Oversubscribed By N205.87bn
The Federal Government of Nigeria Bonds were oversubscribed by N205.87bn. The Debt Management Office disclosed this after it conducted the…
FDA Approves Gilead’s Remdesivir As Coronavirus Treatment
FDA approves Gilead’s Remdesivir as Covid-19 treatment The Food and Drug Administration on Thursday approved Gilead Sciences’ antiviral drug remdesivir…
Canadian Dollar Turns Higher, Tracking Uptick In Risk Appetite
The Canadian dollar edged higher against its broadly stronger U.S. counterpart on Thursday as Wall Street clung to hopes of…
Nigerian President Buhari Addresses #EndSARS But Not The Shooting Deaths Of Protesters
LAGOS, Nigeria (AP) — Nigeria’s president addressed the nation on Thursday but made no mention of the shooting deaths of…
Oil Set For Weekly Drop As Virus Flare-Ups Cloud Demand Outlook
Oil held above $40 a barrel on fresh optimism that a U.S. stimulus deal is imminent, although the market is…
Some Nigerians Mistook Our Disbandment Of SARS As Weakness – Buhari
The President, Major General Muhammadu Buhari (retd), has said some Nigerians mistook as weakness, the swift response of his regime…
This Housing Advocate Fled Violence In Nigeria. Now He Wants To End Homelessness In America
After fleeing homophobic violence and repression in Nigeria in 2016, public health and gay rights activist Edafe Okporo came to…
Port To Boost Business Activities In Onitsha – NIWA
The Federal Government has assured the Anambra State business community of robust maritime commercial transactions following the fixing of the…
Nigeria’s President Urges End To Street Protests As Gunfire Heard In Lagos After Protest Crackdown
Violence in Lagos has escalated since Wednesday, groups of young men and armed police clashed in some neighborhoods following a…
Africa To Fall Behind World Growth As Region Faces Slow Recovery
Sub-Saharan African economies face a slow recovery from the coronavirus pandemic and the region’s economic growth will fall behind the…
WEEKAHEAD-AFRICA-FX-Most African Currencies Seen Under Pressure
The Zambian, Kenyan and Ugandan currencies are expected to face pressure against the U.S. dollar next week while Tanzania’s is…
We’re Watching Events In Nigeria, International Criminal Court Says
Fatou Bensouda, ICC’s Prosecutor, said the international court was looking out for indications Rome Statute crimes were being committed. The…
US, African Union Urge End To Nigeria Violence – DW
The United States and the African Union have called for an end to the violence in Nigeria, as fresh unrest…
Nigerian President Criticised Over Response To Protests Crackdown
Nigeria’s president, Muhammadu Buhari, has been criticised for his muted response after security forces opened fire on people protesting against…