CBN’s OMO auction triggers bearish treasury bills, what can markets expect?
25 August 2019 | 6:00 am
Traders say the bearish treasury bills market was triggered by expectations of an Open Market Operations (OMO) auction later this week. To discuss this and other activities in Nigeria’s fixed income and forex market, Yinka Yomi-Tokosi, Leader of Asset and Liability Management at Access Bank (AC) joins CNBC Africa for more.
February 4, 2023
February 23, 2023
March 8, 2023
March 8, 2023
Battery electric vehicles have climbed to a record share of new car sales in the EU, albeit still a modest 12.1%. In the last quarter, alternatively-powered vehicles outsold petrol and diesel for the first time.
The Adani Group conglomerate has seen tens of billions of euros wiped off its market value since a short-seller's report accused it of pulling "the largest con in corporate history" last week. It has now cancelled a €2.2 billion ($2.5 billion) share sale meant to help reduce debt levels. Billionaire founder Gautam Adani maintains that the "fundamentals" of the group are "strong".
Protesters smashed windows of banks in the Lebanese capital Beirut this past week as the currency hit a new low against the dollar. The Lebanese lira has lost about 97 percent of its value, and more than 80 percent of the population live below the poverty line. Millions of people are struggling to make ends meet amid the financial turmoil.
France is growing older. However, Europe's record-breaking life expectancy has a downside: in order to pay for its increasingly healthy legion of retirees, the French right wing says there's no other option but to raise the retirement age from 62 to 64.
Find these stories and much more when you grab a copy of The Guardian on Thursday.
European markets have calmed down after Credit Suisse secured a lifeline of up to 50 billion Swiss francs from the country's central bank. The crisis is just the latest to hit the embattled lender, which has suffered a string of scandals and management issues. Jitters over the banking sector remain as the European Central Bank decides on the next rate hike.
On March 20, 2003, a US-led coalition invaded Iraq. Years of conflict and insecurity followed, with wide-ranging consequences to this day. In mid-April 2003, as American troops advanced on Baghdad amid the collapse of Saddam Hussein's regime, the Baghdad Museum was looted and tens of thousands of pieces disappeared. Twenty years later, many of these priceless artefacts are still missing and antiquity trafficking remains a serious problem in Iraq. Our correspondent reports.
A new generation of talented forex traders in Nigeria is learning the moves of the industry — and fast! We find out why this unconventional business model is giving hope to young Nigerians.
Three decades after China enshrined the goal of a "socialist market economy" in its constitution, the era of "reform and opening up" appears to have ended, say experts.
Tinubu will give Nigeria effective leadership – Buhari, Fire razes building in Lagos market and more
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
Tanzanian traders doing business in Kenya have raised concerns that the weekly demonstrations by the opposition are negatively affecting their business. Kenya is the main destination for Tanzania's corn exports.
IMF predicts five-year economic dip, with low-income countries hardest hit. We look at why the IMF's predicted economic growth of just 3 percent, the lowest forecast since 1990, could hurt developing nations most.
1 hour ago
In an interview with FRANCE 24, Venezuela's opposition leader Maria Corina Machado said that Sunday's referendum in Venezuela over the status of the disputed region of Essequibo was "absolutely not" the success proclaimed by the Maduro regime. According to electoral authorities, 95 percent of voters approved of Venezuela's claim to the large swath of neighbouring Guyana, but turnout was around 50 percent.
1 hour ago
Against the backdrop of the Israel-Hamas war and one-off Islamist attacks closer to home, German authorities are confronting a "complex threat situation." Some observers warn against exaggerating the danger.
3 hours ago
Thailand's tourism bureau estimates nearly 1.5 million fewer visitors from China in 2023 than had originally been expected at the beginning of the year. Changing travel trends and economic problems in China are to blame.
3 hours ago
He's claiming that his remarks were "misinterpreted". The Emirati oil executive leading the COP28 climate conference in Dubai has come out fighting after widespread criticism of his suggestion that there was "no science" indicating that a phase-out of fossil fuels was needed to contain global warming.
3 hours ago
Students are among the victims of Nigeria's rampant inflation, as they face tuition fee hikes of over 300 percent. Also, the clock is ticking down towards DR Congo's general elections, in which President Felix Tshisekedi is running for a second term. Plus, Nairobi hosts international talks on the reduction of plastic pollution.
8 hours ago
The Director General of the Nigerian Institute of International Affairs (NIIA), Professor Eghosa E. Osaghae, has called for a new framework for federalism in Nigeria, one that is more contextualised and adaptable to the country’s unique circumstances.
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.