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