MARKET NEWS
Nigeria’s MPC raises MPR by 50bps to 18.5% (Full Speech) - CNBC
The Monetary Policy Committee of the Central Bank of Nigeria at its third meeting of the year, raised interest rates by 50 basis points to 18.5 per cent. Governor of the Central Bank of Nigeria, Godwin Emefiele, says the decision hinges on taming rising inflation caused by high energy cost and challenges around the supply chain, among others, which are beyond the reach of the Central Bank of Nigeria.
MARKET NEWS
May 09
BVN: Court dismisses suit seeking to nullify CBN’s guidelines - THE GUARDIAN
May 09
ACCI urges full currency swap, says Nigeria-China trade under 10%. - THE GUARDIAN
May 09
Oil prices gain ahead of Sino-US trade talks - REUTERS
May 09
Dollar gets a weekly boost ahead of US-China trade talks - REUTERS
May 09
Nigeria has repaid $3.4bn COVID-19 loan – IMF - THE SUN
May 09
South African Markets – Factors to watch on May 9 - REUTERS
May 09
South African rand little changed with global focus on US-China trade talks - REUTERS
May 09
JPMorgan’s $200 million Angola margin call reveals Africa’s new debt pains - REUTERS
May 09
Naira continues depreciation against dollar across official, black FX markets - DAILY POST
May 08
South African rand slips after strong run - REUTERS
May 08
Oil prices rise 3% on support from US-China trade hopes - REUTERS
May 08
Dollar rises against safe-haven currencies buoyed by US-UK trade deal - REUTERS
May 08
AFRICA-FX-Ghana’s cedi seen extending gains - REUTERS
May 08
Bitcoin Nears $100,000 and Ether Surges on Easing Trade Fears - BLOOMBERG
May 08
South African rand slips before manufacturing data - REUTERS
May 08
African Markets – Factors to watch on May 8 - REUTERS
May 08
Bitcoin price nears $100k amid US-UK trade deal optimism - YAHOO FINANCE
May 08
Ghana consumer inflation slows to 21.2% year on year in April - CNBC
May 08
Foreign workers a key driver of euro zone growth, say ECB economists
May 08
Ivory Coast raises projected cashew output as threatened tariffs hit exports - CNBC
May 08
Senate passes two tax reform bills, removes contentious clauses, retains 7.5% VAT - BUSINESSDAY
May 08
Naira plunges to N1,625 in black market despite rising external reserves - BUSINESSDAY
May 07
Bitcoin: Bullish Bets, ETF Inflows Support Case for Strong Upside in Coming Weeks -
May 07
China Keeps Adding Gold to Reserves as Challenges Stack Up - BLOOMBERG
May 07
US Fed pauses rate cuts again, flags higher inflation risk - AFP
May 07
Oil falls as market eyes US-China trade talks, storage report mixed - REUTERS
May 07
No rate cuts expected from US Fed facing 'unfavorable' conditions - AFP
May 07
Oil Falls as Mideast Tensions Wane, Traders Await Fed Meeting - BLOOMBERG
May 07
Nigeria Senators Approve Tinubu’s Tax Bills But Without Vat Hike - BLOOMBERG
May 07
Naira stabilises at N1,608/$1 amid rising brent crude prices - THE SUN