Market News

June 17 Market observers noted that the gap between the official and parallel market rates ha... (read more) June 17 IMF estimates naira’s fair value at N1,142/$, says currency 25.6% undervalued - THE CABLE June 17 Foreign investors buy $3.3bn Nigerian bonds in three months - PUNCH June 17 Nigerians are increasingly using digital dollars. The IMF says that could become a pr... (read more) June 17 Naira now N1,389/$ in parallel market - VANGUARD June 17 Oil drops below $80 per barrel, while tech stocks weigh on a mixed Wall Street June 17 Nigerian currency records depreciation - DAILY POST June 17 Ghana and Ivory Coast agree to start 2026/27 cocoa season on September 1 - REUTERS June 17 Nigeria inflation rises for third month in May as food prices accelerate - REUTERS June 17 Despite reforms, Naira remains weak – IMF - DAILY TRUST June 17 Higher prices for gas, groceries and flights will likely outlast the Iran war - ASSOCIATED PRESS June 17 ‘Nigeria must deepen reforms to remain competitive’ - THE GUARDIAN June 17 Nigeria among top beneficiaries as Mission 300 powers 50m African homes - THE GUARDIAN June 17 UAE eyes deeper partnerships with Nigeria - THE GUARDIAN June 17 Bank of Japan raises interest rates to 31-year high of 1% - THE GUARDIAN June 16 Nigeria gas output rises as domestic demand grows - REUTERS June 16 ECB Ready to Hike Again in July If Necessary, Nagel Says - BLOOMBERG June 16 W’Bank ranks Apapa, Tin Can ports among top performers - PUNCH June 16 Shipowners Seek Clarity on Hormuz Deal as Waiting Flotillas Grow - BLOOMBERG June 16 US Consumer Sentiment Picks Up on Easing Gasoline Prices - BLOOMBERG June 16 Oil and gas supplies could take months to return to normal after Iran deal, energy ex... (read more) June 16 Dollar falls to 10-day low on US-Iran war deal - REUTERS June 16 Dollar Hits 10-Day Low After U.S.-Iran Peace Agreement Boosts Risk Appetite - REUTERS June 16 Oil Suffers Worst Run This Year as Hormuz Deal Reshapes Outlook - BLOOMBERG June 16 Bank of Japan raises its key interest rate to a three-decade high - EURONEWS June 16 Higher prices for gas, groceries and flights will outlast the Iran war, experts say ... (read more) June 16 Oil Sinks as US-Iran Deal Boosts Outlook for Reopening of Hormuz - BLOOMBERG June 16 Price pressures return as headline inflation rises to 15.93% - BUSINESSDAY June 16 Foreign Exchange Inflow Rises 31% in May as Naira Strengthens - LEADERSHIP June 16 Naira down to N1,400/$ in parallel market - VANGUARD