Money Market News
OPEC Forecasts a 0.3 mb/d Decline in Global Oil Demand Growth for the Rest of 2022
The Organization of Petroleum Exporting Countries (OPEC), expects a world oil demand growth of 3.1 mb/d for 2022, a downward...
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Dubai’s Emirates to Suspend Nigeria Flights Over $85 Million Trapped Funds
Emirates Airlines has disclosed that effective September 1, 2022, it will suspend its flight operations to and from Nigeria, over...
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CBN Reverts Interest Rate on All its Intervention Funds to 9% Annually
The Central Bank of Nigeria (CBN) has returned the interest rate on all its intervention facilities to 9 percent per...
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Naira Climbs to N429.38/$1 at the I&E Window as Liquidity Increases by 139%
Wednesday, August 17, 2022: The Nigerian Investors and Exporters (I&E) FX Window opened the trading session with the naira appreciating...
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Nigeria’s Foreign Reserve Records a Slight Increase of $12 Million
According to data from the Central Bank of Nigeria (CBN), the gross foreign reserve, as of 15 August increased by...
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Naira Falls to N430.67/$1 at the I&E Window as Forex Supply Drops by 62%
Tuesday, August 16, 2022: The Nigerian Investors and Exporters (I&E) FX Window opened the trading session with the naira ticking...
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Why Ethereum Price is Moving to $3k
Since its all-time high in November 2021, Ethereum has lost slightly over 80% of its value, but some market indicators...
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US Regulator Pushing Banks to Avoid Serving Crypto Companies
The Federal Deposit Insurance Corporation (FDIC) may be leaning on banks to prevent them from providing services to cryptocurrency companies,...
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Dubai’s Emirates to Suspend Nigeria Flights Over $85 Million Trapped Funds
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Shiba Inu, Dogecoin Jump as Risk-On Behavior Returns to Crypto Markets
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CBN Raises Minimum Interest Rate on Savings Deposits to 4.2%
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US Regulator Pushing Banks to Avoid Serving Crypto Companies
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Consolidated Hallmark introduces new product