AfCFTA Can Break Africa’s Legacy of Exporting Raw Materials, Importing Finished Goods
Jean-Louis Ekra, Deputy Chairperson, Intra-African Trade Fair (IATF2023) Advisory Council, says the African Continental Free Trade Area (AfCFTA) can break Africa’s colonial legacy of exporting raw materials and importing finished goods.
Customs Intercepts Contrabands Worth Over N900m
The Nigeria Customs Services (NCS), the Western Marine Command (WMC), has thwarted smuggling activities and intercepted contrabands worth over N900 million from August to October.
China-Nigeria Relations Steadily Advancing – China’s Consul-General
Ms Yan Yuging, Consul-General, People’s Republic of China in Nigeria, says China’s and Nigeria’s relations are steadily advancing in mutual development and practical cooperation.
Fx Transactions at Investors, Exporters Window Decline to $13.68bn
The foreign exchange (FX) transactions of the volume of US dollars traded at the Investors and Exporters (I&E) window in the first half of 2023 slumped to $13.685 billion, this translates to a more than 15% decline within 12 months
Fixed Interest Securities Assets Mix as Inflation Eclipses Returns
Trading activities in the fixed interest securities were mixed in the secondary market on Tuesday, resulting in divergence in benchmark yield movement as investors continue to search for yield repricing.
Naira Appreciates Amidst Unsettle Dust
As the market continues to keep hope alive following the suspension of the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, exchange rate...
Emerging Markets, Others Will Be Hit Hard, World Bank Says
Growth in emerging markets and developing economies will be hit hard over the next two years, according to the World Bank’s latest...
Naira Reclaims Value amidst Gloomy FX Predictions
The naira was sold at N461.50 per United States (US) dollar to market participants at the Investors and Exporters window, gaining...
Money Market Rates Sink as Liquidity Improves
Money market benchmark rates, open repo and overnight lending rates sink further on Tuesday as additional inflow from matured open...
FGN Bonds Yield Inches Higher to 12.71%
Federal Government of Nigeria (FGN) bonds experience selloffs in the secondary market, pushing the average yield to 12.71% ahead of a large borrowing plan for the fiscal year...
