MARKET NEWS
ECB would welcome a weaker euro - REUTERS
LONDON, Dec 6 (Reuters) - The European Central Bank would happily, if quietly, cheer an even weaker euro exchange rate - and may be far more wary of the opposite at just the wrong time.
The euro is likely still too strong for the sort of subdued growth and outsize trade risks the zone faces next year and, far from being a brake on more monetary easing, its depreciation may well be encouraged. And it could argue for at least one deeper half-percentage-point interest rate cut at upcoming meetings.
MARKET NEWS
July 22
FG chases crypto regulation while $40bn blockchain vision lies idle - BUSINESSDAY
July 22
Nigeria awards 37 oil blocks to 31 firms in historic frontier-basin bids - BUSINESSDAY
July 22
CBN hasn’t said otherwise – Cardoso on validity of N50, N100, other lower naira notes... (read more)
July 22
Naira appreciates to N1,409/$ in parallel market - VANGUARD
July 22
Nigerian Naira continues appreciation as CBN retains interest rate - DAILY POST
July 22
Cardoso: Naira needs competition, not protection - THE SUN
July 22
Naira rallies as foreign reserves near $52 billion mark - BLUEPRINT
July 22
Naira gains, trades N1,375.3/$ at official FX market - NIGERIAN TRIBUNE
July 22
CBN's rate hold reinforces inflation fight despite easing price pressures - BUSINESSDAY
July 22
‘Naira To Remain Broadly Stable In Near Term’ - NEW TELEGRAPH
July 21
Naira depreciation, not fresh borrowing, drove debt surge — Oyedele - PREMIUM TIMES
July 21
Dollar crunch widens official, black market gap - THE SUN
July 21
Nigerian Naira extends appreciation Ahead of CBN’s interest rate decision - DAILY POST
July 21
Oil cargoes meant for naira-for-crude deal supplied to Dangote – NNPC - PUNCH
July 20
US Sets 25% Duty on Some Brazilian Imports Starting July 22 - BLOOMBERG
July 20
Dollar drifts as US-Iran conflict intensifies; sterling inches higher - REUTERS
July 20
US-Iran war pushes oil prices above $90, US gasoline above $4 per gallon again - YAHOO FINANCE
July 20
Oil-Service Companies Set to Reveal War’s Impact on Earnings - BLOOMBERG
July 20
Korea Raises Rates for First Time Since 2023 on Chip-Led Boom - BLOOMBERG
July 20
Hedge Funds Amass Biggest New Zealand Dollar Net Short Since 2006 - BLOOMBERG
July 20
US gas prices hit an average of $4 a gallon again as the US and Iran launch attacks -AP
July 20
Gold Falls as US-Iran Hostilities Keep Rate Hike Bets on Table - BLOOMBERG
July 20
Businesses expect CBN to hold rates as MPC meets today - PUNCH
July 20
Analyst forecasts MPC to hold rate at 26.50% - PUNCH
July 20
New CBN capital rules may trigger N972bn equity scramble – Report - PUNCH
July 20
Euromoney names Chapel Hill Denham Nigeria’s top investment bank - PUNCH
July 20
Nigeria’s reserves hit $52bn, inflation drops to 15.9% - PUNCH
July 20
Finance minister charts course for $1tn economy - PUNCH
July 20
Nigeria’s Petrol Import Rises 207% to 543m Litres in One Month, Puts Pressure on Nair... (read more)
July 20
Petrol, Policy: The Price Nigerians Pay Twice - LEADERSHIP




