Market News

June 19 External reserves near CBN target as IMF urges slower dollar stockpiling - BUSINESSDAY June 19 Net dollar inflows jump nearly tenfold in five years on reforms - BUSINESSDAY June 19 Nigeria’s tax overhaul boosts revenue by 49% - BUSINESSDAY June 19 Gold Set for Weekly Loss as Hawkish Fed Outweighs Peace Deal - BLOOMBERG June 19 Rate hikes are on for the G10 economies - REUTERS June 19 China’s Central Bank Hints at Shift That Aligns It More With Fed - BLOOMBERG June 19 Goldman Lops $500 Off Gold Target on No Fed Cuts This Year - BLOOMBERG June 19 Supertankers With 80 Million Barrels of Oil Ready to Pass Hormuz - BLOOMBERG June 19 Eager to work, teens find a frustrating summer job search - THE ASSOCIATED PRESS June 19 Hormuz Oil and Gas Shipments Accelerate After Deal Enters Force - BLOOMBERG June 19 Oil Falls as Iran Peace Deal Gets Tankers Moving Through Hormuz - BLOOMBERG June 19 Gold Steady as US-Iran Peace Deal Optimism Counters Hawkish Fed - BLOOMBERG June 19 South African rand weakens as hawkish Fed boosts dollar - REUTERS June 19 Yen nears 40-year low, dollar gains as peace talks in doubt - REUTERS June 19 ‘Only 6% of Nigerians access formal credit’ - PUNCH June 19 Fraudsters rake in N134bn from banks, customers – CBN - June 19 Dollar hits one-year high on Fed hike bets; Japan warns on yen - REUTERS June 19 Goldman Says UK’s Sterling Now the Most Overvalued G10 Currency - BLOOMBERG June 19 Gas prices fall below $4 per gallon as oil loses steam - YAHOO FINANCE June 19 Naira depreciates to N1,410/$ in parallel market - VANGUARD June 19 Nigerian currency extends depreciation for third consecutive time - DAILY POST June 19 Naira still trading 25% below value – IMF - June 19 Analysis-China's African tariff removals, trade surge spur yuan adoption - REUTERS June 19 Naira depreciates, sheds N3/$ at official FX market - NIGERIAN TRIBUNE June 18 Dollar Holds Two-Month High as Fed Hawkishness Fuels Rate-Hike Bets, Yen Weakens - REUTERS June 18 US-Iran Deal Takes Effect as Focus Turns to Strait of Hormuz - BLOOMBERG June 18 Bank of England holds main interest rate at 3.75% as Iran war inflation pressures eas... (read more) June 18 Dollar Jumps as Federal Reserve Holds Rates but Signals Potential Hike Later This Year - REUTERS June 18 South African Retail Sales Rise 1.3% Year-on-Year in April - REUTERS June 18 Nigeria’s external reserves rise $1bn in 14 days, near CBN $51.04bn 2026 target - ... (read more)