The Nigerian naira is in trouble, heading for its most significant four-day decline since January's devaluation. It plummeted 5.3% against the dollar on Tuesday, wiping out earlier gains. Despite being the top-performing currency by Bloomberg's standards, it's facing a liquidity crisis...
The Central Bank of Nigeria (CBN) in the first six months of 2018 had mopped up N9.74 trillion from the financial markets through Open Markets Operations (OMO), a 151 increase compared to what it had mopped up in the first half of 2017, as it spent N848 …
Read more via Leadership Newspaper –...
Dr. Ibe Kachikwu, Minister of State, Petroleum Results were mixed across the financial markets this week. Equities continued their bearish trend, while yields on treasury bills continue to drop in tandem with inflation. Crude oil prices hit a new high.
Here is an extensive look into how the...
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