Market News

July 16 UK sanctions gold and finance networks over Sudan war - RETUERS July 16 Nigeria to track poverty, incomes as government seeks proof reforms are working - REUTERS July 16 Nigeria’s pension assets skyrocket by 51% to hit a massive $22.8 billion - BUSINESS INSIDER July 15 Naira depreciates, trades at N1,383.0755 at official FX market - NIGERIAN TRIBUNE July 15 Naira cools as Dangote’s dollar-based fuel sales lift FX demand - BUSINESSDAY July 15 Naira slides to N1,381/$, reserves hit $51.74bn - THE SUN July 15 Nigeria’s inflation to hold near 15.9% on stable naira - BUSINESSDAY July 15 Africa’s largest oil refinery switches to the dollar for its new pricing system - ... (read more) July 15 Fuel price: Dangote Refinery suspends petrol sale in Naira - DAILY YPOST July 15 Dollar demand pressures naira despite CBN’s $250m intervention - THE SUN July 15 Price hike looms as Dangote begins sale of PMS, diesel in dollars - DAILY TRUST July 15 CBN buffer boosts confidence in naira stability - PUNCH July 15 Naira depreciates to N1,420/$ in parallel market - VANGUARD July 15 Dangote Refinery Resumes Sale Of Petrol In Dollars - DAILY TRUST July 15 Naira steady as external reserves rise to $51.77bn - BUSINESSDAY July 13 Nigeria’s oil output hits 74-month high, beats OPEC quota - PUNCH July 13 European Bank For Reconstruction Targets $1.5bn Investment In Nigeria In 3 Years - LEADERSHIP July 13 FG borrows N5tn from bond market in six months - PUNCH July 13 FX derivatives fall 45.19% on weak demand - PUNCH July 13 CBN FX Intervention Cushions Naira As Currency Holds Firm Despite Global Headwinds - INDEPENDENT July 13 Emefiele: Special Investigator Says $6.2m Withdrawal Had No Naira Cover - NEW TELEGRAPH July 13 Naira weakens 0.85% to close at N1,381.70/$ - PUNCH July 13 Foreign debt servicing gulps almost $1bn in two months - PUNCH July 13 Naira slips marginally despite stronger FX liquidity, rising reserves - BUSINESSDAY July 13 Naira depreciates against dollar at official FX market - NIGERIAN TRIBUNE July 13 NFEM hits $46.4bn turnover in four months as naira holds firm - BUSINESSDAY July 10 Nigerian currency appreciates - DAILY POST July 10 Seasonal demand pushes naira to 1,425/$ on summer travel, school fees - BUSINESSDAY July 08 Oil spikes, Wall Street drops as US-Iran tensions rebuild - BLOOMBERG July 08 Naira Falls to N1,375/$1 at Official Market, N1,395/$1 at Parallel Market - BUSINESS POST