Gold Surpasses $1,800 Due to a BOJ Policy Change.
Gold prices increased 1% to over $1,800 as the dollar fell following the Bank of…
Category: Market
Dollar Declines as Demand for the Yen Rises.
The yen was in demand as the U.S. Dollar declined in European trade as a…
Kenya: Fixed Deposit Returns are Wiped Out by Inflation.
The purchasing power of deposits made by Kenyans decreased by an estimated 2.36 percent in…
As Kenya Battles Drought, Food Prices Rise Significantly.
Food prices such as sukuma wiki (collard greens), matumbo (offal), beef, and tomatoes rose the…
There are Currently no Takers for the Debt Exchange Program.
The Central Securities Depository Limited (CSD) is still waiting for the consent of institutional bondholders…
UK Inflation Drops from a 41-year High as Fuel Price Surge Subsides.
Inflation in the United Kingdom came in slightly lower than expected in November, at 10.7%,…
Goldman AM Predicts 2023 will be the most Promising Year for Bonds in Almost a Decade.
According to Gurpreet Gill, macro strategist for global fixed income at Goldman Sachs Asset Management,…
The IMF Claims that Global Debt is Still Significantly Higher than Pre-pandemic Levels.
The IMF reported that overall public and private debt declined by 10 percentage points to…
Yellen Predicts that by the End of 2023, US Inflation will be Significantly Lower.
Barring an unexpected shock, U.S. Treasury Secretary Janet Yellen predicted a significant decline in inflation…
British Economy Recovers from Royal Funeral Blow.
The British economy recovered from the one-time public holiday marking Queen Elizabeth’s funeral in September…
Dollar Rises as Inflation Pressures Persist.
Dollar increased, suggesting that inflationary pressures have persisted and that the Federal Reserve may decide…
Dangote Refinery Valuation to Soar Past $13.8bn on Completion
The European Union is looking for alternative sources of refined products as a result of…
China’s Trade Suffers Worst Slump.
In November, China’s exports and imports declined at their fastest rate in at least two…
Bank of England to add 50 bps to Bank Rate on Dec. 15.
Despite the economy entering a recession, the Bank of England will increase Bank Rate by…
Iranian Authorities Plan to Freeze the Bank Accounts of Women who Reject the Hijab.
According to a member of the Iranian parliament, the government intends to introduce new penalties…
China’s Yuan is Used in Russia’s Largest Digital Asset Transaction.
The first transaction involving digital financial assets denominated in foreign fiat was completed by a…
Prior to Russia Sanctions, OPEC+ Maintains Oil Production Cuts.
23 oil-producing countries that make up OPEC and non-OPEC producers have agreed to maintain their…
Africa’s LNG Export to be Driven by Nigeria, Algeria, and Egypt.
NIGERIA, Algeria and Egypt, have been tipped to drive Africa’s Liquefied Natural Gas, LNG, export…
NNPCL Signs MoU with Companies in Ghana and Gambia.
The Nigerian National Petroleum Company Limited has signed five memorandums of understanding regarding the Nigeria-Morocco…
The UK is Completing its Plans to Regulate the Cryptocurrency Industry.
According to the Financial Times, the British Treasury is putting the finishing touches on plans…
UK’s FTSE 100 Increases as Fed Policy Cues are Highlighted.
Amid cautious investor sentiment ahead of the Federal Reserve Chair’s speech in search of hints…
Ghana’s Debt Restructuring: Eurobond Holders Face Possible 30% Cut.
As the government pursues a debt exchange program to meet the requirements for a loan…
Registrars for Capital Markets Demand Proper Identity Management.
To encourage investment in Nigeria’s capital market, the Institute of Capital Market Registrars has called…
Bitfront, a Cryptocurrency Exchange, has Shut Down.
Despite efforts to overcome challenges in the rapidly evolving industry, Bitfront, a U.S. Crypto exchange…
Trade Volume Between the UK and Nigeria Hits £5.5bn.
At the eighth and final UK-Nigeria Economic Development Forum, both parties reaffirmed their shared interest…
Exclusive: Exxon will leave Equatorial Guinea amid the Phase-out of Crude in Africa.
Exxon Mobil Corp (XOM. N) will cease oil production in Equatorial Guinea after its license…
Nigerian Crude Oil Sales Generate Zero Dollars for the CBN, according to Emefiele
From almost US$3.0 billion per month in 2014 to zero dollars now, Nigeria’s official foreign…
Equity Recovers 90pc of Covid Restructured Loans.
In order to demonstrate the sustained recovery of the economy despite additional shocks from high…