U.S. Dollar Firmer Early Monday to Start 2022
U.S. Dollar Firmer Early Monday to Start 2022 The US dollar was modestly higher against its major trading partners early Monday as business began to return to normal after the…
Six African Countries in Debt Distress, 15 Warming Up
Six African Countries in Debt Distress, 15 Warming Up In 2021, not less than six African countries including Congo Brazzaville, Mozambique, São Tomé and Príncipe, Somalia, Sudan and Zimbabwe are…
Supply Disruption in Libya Drives Oil Prices Upward
Supply Disruption in Libya Drives Oil Prices Upward Oil prices jumped higher as a strain in crude oil supply reduce pressures in the market on Monday following disruption in Libya…
Nigeria Customs Generates N188.6 bln at Onne Port
Nigeria Customs Generates N188.6 bln at Onne Port The Area two Command of Nigeria Customs Service in Onne Port has collected N188.6 billion from January to December 2021. This was…
Nigeria’s 95% Digital Literacy by 2030 Plan on Course -NITDA
Nigeria’s 95% Digital Literacy by 2030 Plan on Course -NITDA The Federal Government’s plan to attain 95 per cent digital literacy by 2030 is on course. Mr Kashufu Abdullahi, the…
10-Year U.S. Treasury Yield Rises to 1.62%
10-Year U.S. Treasury Yield Rises to 1.62% The 10-year U.S Treasury yield rose 12 basis points to 1.62% on Monday. Similarly, US stocks were up modestly shortly after midday Monday…
NASD OTC Ends 2021 with N629 bln Market Capitalisation
NASD OTC Ends 2021 with N629 bln Market Capitalisation NASD Over-the-Counter (OTC) Securities Exchange market for unlisted companies’ stocks rests the financial year 2021 with N629 billion market capitalisation, according…
Naira Depreciates 10% as Dollar Shortage Messed up FX Rates
Naira Depreciates 10% as Dollar Shortage Messed up FX Rates By force and/or by subtle adjustments, naira depreciates more than 10% in 2021 as the Central Bank adjusted to a…
Fading Base Effects to Keep CBN in Hawkish Poise
Fading Base Effects to Keep CBN in Hawkish Poise Following eight months of moderation in headline inflation rate without adjusting benchmark interest rate, analysts think the impacts of fading base…
10-Year FGN Bonds, T-Bills Rates Rise 4% in 2021
10-Year FGN Bonds, T-Bills Rates Rise 4% in 2021 Amidst negative net yields on fixed interest instruments in the fixed income market, the 10-year Federal Government of Nigeria (FGN) bonds…