Naira Appreciates as Dollar Inflows Improve, FX Gap Collapses

The Nigerian naira appreciates on Monday as healthy growth in foreign exchange (FX) inflows douse perennial demand pressure for foreign currencies pairs by ...Read more

FIRS Seeks Harmonised Systems for Tax Administrators

The Executive Chairman, Federal Inland Revenue Services (FIRS), Mr Muhammad Nami has appealed for the harmonisation of tax systems among member states of ... Read more

China Unrest Spooks Markets, Investors Brace for Rebound

Global stock markets are spooked as protests erupt across China against President Xi Jinping’s zero-Covid policy, but investors should position ...Read more

Global Trade Growth to Slow as Import Demand Softens -WTO

Global trade growth is on pace to dip through the rest of 2022 and into next year amid cooling global demand for imports, the World Trade Organization said ... Read more

Investment Managers Face Tough Investment Climate

Global investment managers face macro pressures and a challenging investment environment in 2023, with traditional Investment managers more exposed than ...Read more

Bond, Treasury Swerve amidst Liquidity Pressure

The average yield on Nigerian Treasury Bills (NTB) continues to decline amidst tight liquidity in the financial system. More funds were seen flowing across bills...Read more

NGX Sinks over Selloffs in Jaiz, BUA Cement

The equities segment of the Nigerian Exchange (NGX) fell off the bullish cliff on Monday over renewed selloffs in small and mid-cap stocks. Today’s results halt six ...Read more

Oil Falls as Protests in China Raised Demand Concerns

Amidst instability in the global economy, oil prices lost almost $2 a barrel on Monday following ongoing China Covid-19 restrictions and protests in several cities ...Read more

Bitcoin Trades at $16,200 in Tight Crypto Market

Trading at the $16,000 -$16,500 range, the largest crypto asset by market capitalisation, bitcoin, continues to face strong resistance at the $17,000 price ceiling. Read more

Nigeria Launches Trade Information Portal

The Federal Ministry of Industry, Trade and Investment on Monday in Abuja inaugurated the Nigeria Trade Information Portal (NTIP) in fulfilment of the World Trade Organisation ...Read more