MARKET NEWS

July 23 Africa FX: Several Major Currencies Expected to Fall - REUTERS July 23 Nigeria’s Biggest Bank Sees Profit Surge After Recapitalization - BLOOMBERG July 23 Naira now N1,413/$ in parallel market - VANGUARD July 23 Dangote drops dollar petrol pricing, offering relief to Nigeria’s economy - BUSINESS INSIDER July 23 Dangote returns to naira sales, raises ex-depot price to N1,215 - THE GUARDIAN July 23 Single-day $1.5bn FX transaction lifts naira as market turnover surges - BUSINESSDAY July 22 FG chases crypto regulation while $40bn blockchain vision lies idle - BUSINESSDAY July 22 Nigeria awards 37 oil blocks to 31 firms in historic frontier-basin bids - BUSINESSDAY July 22 CBN hasn’t said otherwise – Cardoso on validity of N50, N100, other lower naira notes... (read more) July 22 Naira appreciates to N1,409/$ in parallel market - VANGUARD July 22 Nigerian Naira continues appreciation as CBN retains interest rate - DAILY POST July 22 Cardoso: Naira needs competition, not protection - THE SUN July 22 Naira rallies as foreign reserves near $52 billion mark - BLUEPRINT July 22 Naira gains, trades N1,375.3/$ at official FX market - NIGERIAN TRIBUNE July 22 CBN's rate hold reinforces inflation fight despite easing price pressures - BUSINESSDAY July 22 ‘Naira To Remain Broadly Stable In Near Term’ - NEW TELEGRAPH July 21 Naira depreciation, not fresh borrowing, drove debt surge — Oyedele - PREMIUM TIMES July 21 Dollar crunch widens official, black market gap - THE SUN July 21 Nigerian Naira extends appreciation Ahead of CBN’s interest rate decision - DAILY POST July 21 Oil cargoes meant for naira-for-crude deal supplied to Dangote – NNPC - PUNCH July 20 US Sets 25% Duty on Some Brazilian Imports Starting July 22 - BLOOMBERG July 20 Dollar drifts as US-Iran conflict intensifies; sterling inches higher - REUTERS July 20 US-Iran war pushes oil prices above $90, US gasoline above $4 per gallon again - YAHOO FINANCE July 20 Oil-Service Companies Set to Reveal War’s Impact on Earnings - BLOOMBERG July 20 Korea Raises Rates for First Time Since 2023 on Chip-Led Boom - BLOOMBERG July 20 Hedge Funds Amass Biggest New Zealand Dollar Net Short Since 2006 - BLOOMBERG July 20 US gas prices hit an average of $4 a gallon again as the US and Iran launch attacks -AP July 20 Gold Falls as US-Iran Hostilities Keep Rate Hike Bets on Table - BLOOMBERG July 20 Analyst forecasts MPC to hold rate at 26.50% - PUNCH July 20 Businesses expect CBN to hold rates as MPC meets today - PUNCH