Nigeria’s FX Reserves Increase by USD337.89 Million, Naira Appreciates by 3.0% w/w at NAFEM
Nigeria’s foreign exchange (FX) reserves recorded an accretion this week, with the gross reserves level increasing by USD337.89 million week-on-week...
U.S. Inflation Slows to 2.5% in August as Energy Prices Drop, Rate Cut Likely
In August 2024, headline inflation in the United States slowed to 2.5% year-on-year (y/y), down 40 basis points from July’s...
European Central Bank Eases Rates by 25bps Amid Slower Economic Growth
At its September policy meeting, the European Central Bank (ECB) made the decision to ease the deposit lending facility by...
CBN Mandates Routing of All POS Transactions Through Licensed Aggregators, NIBSS and UPSL
The Central Bank of Nigeria (CBN) has directed that all Point of Sale (POS) transactions in the country must now...
SEC Embraces Blockchain Potential to Revolutionize Nigeria’s Capital Markets
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has emphasized the commission’s recognition of blockchain...
Nigeria’s Crude Oil Production Rises to 1.352mbpd in August, OPEC Report Shows
Nigeria’s crude oil production increased marginally from 1.307 million barrels per day (mbpd) in July to 1.352mbpd in August 2024,...
Eurozone Private Sector Activity Reaches 3-Month High Amid Mixed Sector Performance
In August 2024, the Eurozone's private sector activity saw a modest uplift, with the Composite Purchasing Managers' Index (PMI) rising...
Nigerian Equities Market Faces 0.2% Decline as Profit-Taking Hits Key Stocks
The Nigerian equities market, which began the week with promising gains, experienced a setback as profit-taking activities led to a...
FX Reserves Decline for 5th Consecutive Week Amid Tight Foreign Exchange Supply
Nigeria’s foreign exchange (FX) reserves have decreased by USD1.03 million week-on-week (w/w), bringing the total to USD36.30 billion as of...
Stanbic IBTC PMI Report: Stagnation in Nigerian Private Sector as Business Activity Flatlines in August
Business activities in Nigeria's private sector remained broadly stagnant in August, as reflected in the latest Stanbic IBTC Bank Purchasing...
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