Market News

February 05 Naira Depreciation Pushes External Debt Up By N36.9trn To N68.9trn — Report - DAILY INDEPENDENT February 05 Rupee struggles after China retaliates to US tariffs - REUTERS February 05 Trade fight prompts markets to price deeper Canada rate cuts - BLOOMBERG February 05 Crude oil import may persist amid permit revocation, naira-for-crude reversal - THE GUARDIAN February 05 Naira appreciates against dollar on black market - DAILY POST February 05 Nigeria loses $20bn, 2,500 jobs annually to foreign ship chandlers - THE SUN February 05 Nigeria’s business confidence rises as PMI hits 52.0 in January 2025 - February 04 Canadian Traders Pivot to Safe Bets as Tariff Threats Ramp Up - BLOOMBERG February 04 Rupee ends higher tracking peers, US-China trade tensions in focus - REUTETRS February 04 South African rand weaker on Trump's changing tariff stance - REUTERS February 04 Ugandan shilling stable; to firm due to gold, coffee FX flows - REUTERS February 04 Mexican peso rallies after touching 3-year low as tariffs delayed - REUTERS February 04 Kenya shilling firms slightly versus dollar, LSEG data shows - REUTERS February 04 Plunge in Brazil, Mexico oil exports leads large global decline - BLOOMBERG February 04 Nigeria, Uganda strengthen trade relations under AfCFTA - PUNCH February 04 Dollar lower after U.S. tariffs on Mexico paused for a month - REUTERS February 04 Weak Euro Offers No Reprieve for European Stocks, Goldman Says - BLOOMBERG February 04 Coffee Set for Longest Gaining Streak in 45 Years on Supply Woes - BLOOMBERG February 04 Europe Gas Prices Fall After China Hits Back Against US Tariffs - BLOOMBERG February 04 Canadian dollar rebounds from 22-year low on tariff pause hopes - REUTERS February 04 South African markets slump after Trump suspends US aid - REUTERS February 04 Ghana consumer inflation slows to 23.5% year-on-year in January - REUTERS February 04 Nigeria to benefit from €150bn EU initiative – Official - PUNCH February 04 Sterling drops versus euro after biggest daily rise in months, awaits BoE - REUTERS February 04 Cardoso says naira reverting to true value as confidence returns - THE GUARDIAN February 04 Brace up for fresh electricity tariff hike, FG tells Nigerians - DAILY TRUST February 04 FIRS exceeds 2024 revenue target by N2.2 trillion - THE GUARDIAN February 04 China's market regulator says 'stabilising confidence' key - REUTERS February 04 Oil firms must supply local refineries or lose export permits – NUPRC - PUNCH February 04 Why Trump’s oil price cut won’t budge Nigeria, OPEC - BUSINESSDAY