Nigerian Financial Markets: Rising Yields and Central Bank Moves Shake Traders
Nigeria's financial markets experienced a week of turbulent activity, marked by rising yields, increasing liquidity tightening, and shifting sentiments. As ...
Tag: Central Bank
Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate
Nigeria aims to implement new foreign exchange regulations to close the naira's significant gap with the unofficial rate and achieve ...
Nigeria’s Net Foreign Assets Plummet 91.7%, Is the Economy Teetering on the Brink of Collapse?
The Central Bank of Nigeria (CBN) has recently unveiled alarming statistics, revealing that Nigeria's Net Foreign Assets (NFA) have nosedived ...
Russian Ruble Struggles Below 100 Mark Against U.S. Dollar Amid Economic Pressures
The Russian ruble dipped below the symbolic threshold of 100 against the U.S. dollar during early trading hours on Tuesday. ...
Banks Non-Performing Loans hits N1.5 Trillion, Central Bank Reports
Banks in Nigeria have been actively writing off debts and debiting accounts of non-cooperative debtors from other banks, in a ...
Bank of Canada Governor Signals Concerns Over Inflation Persistence
Bank of Canada (BoC) Governor Tiff Macklem has sent a hawkish message, expressing doubts about whether current interest rates are ...
China to Cut Rates on Existing Mortgages – China’s Bank of Communications
China's Bank of Communications Co Ltd (BoCom) is reportedly planning an internal meeting to discuss potential changes to the rates ...
Naira Plummets to N900/$1 on Black Market Amidst Supply and Demand Pressures
The exchange rate between the Nigerian naira and the US dollar has taken a severe hit, sinking to N900/$1 on ...
China’s Central Bank Implements Modest Interest Rate Cut Amid Economic Challenges.
China's ongoing efforts to address economic challenges have led to its central bank making a strategic move – the reduction ...
Nigeria’s SEC Declares Binance Activities Illegal, Orders Crypto Platforms to Cease Nigerian Solicitations.
The Nigerian Securities and Exchange Commission (SEC) has delivered a decisive blow to the operations of cryptocurrency exchange giant Binance, ...
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