MARKET NEWS

July 04 Nigerian Naira depreciates across FX markets - DAILY POST July 04 IMF: Reveal those who stole 2% of Nigeria’s GDP – Atiku to Tinubu - DAILY POST July 04 SEC expands crypto oversight with seven new firms - PUNCH July 04 Benin, Togo, Niger owe Nigeria N17.45bn electricity debt - PUNCH July 04 ‘Nigeria must build competitive industries, promote value addition to compete globally’ July 04 African startups raise $3.9bn as funding rebounds – Report - PUNCH July 04 Nigeria faces lubricant squeeze as imports tighten globally - PUNCH July 04 Naira Trades Flat at Official Market as CBN Makes Minimal FX Intervention - BUSINESS POST July 04 Debt issuance spikes on inflation, liquidity risks — Analyst - PUNCH July 02 7,942 oil service permits, 49 licences granted in Q1 — Report - PUNCH July 02 The Japanese yen is at a 40-year low. Here’s why that matters - CNN July 02 Dollar Holds Steady Ahead of U.S. Jobs Report; Yen Remains Near 40-Year Low - REUTERS July 02 Oil Extends Decline as Barrels Flow Through Strait of Hormuz - BLOOMBERG July 02 Oil shocks pushed Nigeria’s inflation to 15.93% – Report - PUNCH July 02 CBN issues fresh guidance on troubled banks’ contract suspensions - PUNCH July 02 NNPC revenue falls by N636bn despite stable oil production - PUNCH July 02 Tinubu approves N111bn for 700km northern superhighway construction - PUNCH July 02 Gold Extends Gains After Warsh Comments Ease Rate-Hike Prospects - BLOOMBERG July 02 Cboe Seeks to List Prediction Market Type Options on Earnings Metrics July 02 US and Iran hold separate meetings in Qatar and agree to continue discussions - ASSOCIATED PRESS July 02 Nigeria's unreported spending equals 2% of GDP, IMF official says - REUTERS July 02 U.S. not renewing trade agreement with Canada and Mexico in 'current form' - ASSOCIATED PRESS July 02 The US, Canada and Mexico begin bumpy negotiations to renew North American trade pact... (read more) July 02 Nigerian currency records highest appreciation - DAILY POST July 02 Dangote refinery eased foreign exchange pressure, stabilised naira — Afreximbank - PUNCH July 02 FX Market Unification Saves Nigeria $16.8bn Annually – Think Tank - NEW TELEGRAPH July 02 Naira strengthens at official FX market July 02 How harmonisation of multiple foreign markets saves Nigeria $16.8 billion annually —I... (read more) July 02 Naira appreciates to N1,385/$ in parallel market - vanguard July 02 Naira slips 1.1% despite higher FX turnover - THE SUN