FOREX: CBN Caps Bureau De Change Cash Sales at $5,000 Per Transaction to Stabilize Market
The Central Bank of Nigeria (CBN) has imposed a limit of $5,000 on the amount of foreign exchange that Bureau...
Nigeria’s Crude Oil Production Rises for Fifth Consecutive Month to 1.57 mb/d in August
According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s crude oil production, including condensates, increased for the...
Nigerian Equities Market Gains 1.1% w/w as MTNN, FBNH, and NESTLE Lead Rally
The Nigerian equities market ended the week on a positive note, with strong performances across key stocks like MTNN (+7.4%),...
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...
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