Exchange Rate Falls Across Forex Markets As Dollar Liquidity Remains Low
Nigeria’s exchange rate at the NAFEX window depreciated to N389 during intraday trading on Tuesday, August 4, 2020. In a…
Year: 2020
Sterling Climbs Above $1.31 Amid Impasse On U.S. Relief Package
Sterling edged 0.6% higher on Wednesday against a broadly weaker dollar as the U.S. coronavirus relief package stalled in Congress…
Nigeria: FG To Boost External Reserves By Curbing Illegal Gold Sales
The Federal Government plans to stem illegal gold export worth hundreds of millions of dollars a year to boost the…
Nigeria’s Free Fall Into China’s Debt Trap!
This is it –the inexplicable paradox of an oil-rich country, Nigeria getting caught, deep into the marshy quagmire of a…
Weakening Demand, Rising Supply Weigh Crude Futures
Weakening demand due to anticipated second wave of the coronavirus pandemic and rising supply have continued to weigh on market…
Nigeria: Lagos Cancels 2018 Land Use Charge
Lagos State Government has cancelled the 2018 land use charge and reverted to pre-2018 land use charges. The Government announced…
Bitcoin’s Pause May Serve As Consolidation Before Push Higher
Bitcoin surged above $12,000 but quickly retreated this week Trading Envelope gauge suggests the token could appreciate Bitcoin’s surge over…
Dollar Stays Weak Amid Signs Of Lagging U.S. Economy
The dollar remained weak on Wednesday as a U.S. coronavirus relief package stalled in Congress and U.S. bond yields sank,…
Stocks Making The Biggest Moves Premarket: Apple, CVS, Blackstone, Wynn Resorts And More
Apple B of A Securities downgraded Apple to “neutral” from “buy”, while raising its price target on the stock to…
Oil Prices At Five-Month High On Big Drop In U.S. Crude Stocks
Oil prices rose to their highest since early March on Wednesday on a drop in U.S. crude inventories and the…
China Becoming Apprehensive About Nigerian Loans
China is becoming apprehensive about releasing loans to Nigeria following probes by the National Assembly on loans earlier released to…
Why Nigeria Is Becoming Africa’s Fastest Growing Forex Trading Nation
One of the forex market’s most attractive aspects is that it provides opportunities for novice and professional traders. Forex trading…
Dollar Can’t Catch A Break; Gold Shines
It is shaping up to be yet another rough and rocky trading week for the battered Dollar as investors attack…
African Supply Bottlenecks Fuel Cobalt Price Surge
Transport delays from South Africa against a backdrop of increasingly robust Chinese demand have fuelled a price rally for cobalt…
AU, African Leaders Urged To Fast Track High-Speed Rail Project
African Union, AU, and leaders of the continent have been urged to fast track implementation of the high-speed rail to…
306 Nigerians Return Home From UAE
At least 306 Nigerians stranded in the United Arab Emirates due to the coronavirus pandemic have returned home, the Nigerians…
The Stoppage Of 58 UK-Bound Doctors
The attempt by some doctors to leave for the UK holds lessons for the country The recent prevention of 58…
Economy Faces A Bumpy Ride As It Enters Healing Phase
The U.S. economy has entered the third stage of the coronavirus pandemic called the “healing phase,” according to economist Michelle…
Novavax’s Coronavirus Vaccine Generates Promising Immune Response In Early Trial, Data Shows
Novavax’s potential vaccine to prevent Covid-19 generated a promising immune response in an early stage clinical trial, the company said.…
The Fed Is Expected To Make A Major Commitment To Ramping Up Inflation Soon
The Federal Reserve is completing a year-long policy review and is expected to announce the results soon.One big change would…
Equity Markets Could Be Stuck In ‘Fat and Flat’ Range
Mueller-Glissmann highlighted that the key driver of markets in recent months had not been optimism on growth, but rather optimism…
Sterling Heads Lower After Early Gains
Sterling edged lower on Tuesday erasing earlier gains as the U.S. dollar moved briefly higher, while fears of a second…
UK’s ‘Racist’ Visa Screening System Scrapped By Government After Legal Challenge
Campaigners say some nationalities were automatically given a red traffic light risk score due to the system’s algorithm. By Kit…
Africa’s Worst Stock Market Faces More Pain From Bank Earnings
There is no recovery in sight yet for Africa’s worst-performing stock market as investors look to bank earnings this month…
Revival Of Ailing Industries Will Strengthen Currency — Expert
Mr Promise Amahah, an economic expert says revamping ailing industries and economic diversification in the country will help to strengthen…
Experts Seek Solution To Forex Challenge Facing Businesses
Financial experts have said there is a need to address the foreign exchange challenge facing the manufacturing and trade sectors…
Import Restrictions, FX Fluctuations… Why Shoprite May Be Selling Stake In Nigerian Business
Shoprite, Africa’s largest food retailer, told investors on Monday that it is considering a potential sale of ” all or…
Dollar Stumbles As Investors Await U.S. Stimulus Breakthrough
A rebound in the dollar faltered on Tuesday as political wrangling over a U.S. relief plan and the gloomy economic…
CBN’s Emefiele: ‘The Nigerian Situation Is A Challenging One’ Says Analyst
In the second part of our series on the governors running the Central Banks of West Africa, we take a…
Gold Edges Back From Record Peak As Firm U.S. Data Dims Shine
Gold was little changed on Tuesday, hovering below the previous session’s record peak as fears over the pace of economic…