Nigerian stocks drift lower as investors await economic data
Nigeria's equities market ended lower again today after kicking off the week in red and as investors anticipate the release of economic data next week.
Are global markets pre-empting a December rate hike?
Asian stock futures pointed to a mixed open Tuesday after equities rallied overnight as the dollar hovered near a seven-month high.
Sale of Nigeria national assets debate
The debate on whether Nigeria should sell some national assets to help cushion the biting foreign exchange scarcity continues to gain traction.
Nigerian investors seek out safe haven high returns - Analysts
As markets in Nigeria begin fourth quarter trading today, market analysts say investors and portfolio managers will continue to seek best returns in safe haven assets, while investors in riskier assets such as equities.
Sanusi backs MPC decision, foresees rebound of economy
At the launch of the Afrinvest Nigeria banking sector report, the Emir of Kano and former governor of the CBN, Muhammadu Sanusi II spoke about the recent move by the Central Bank of Nigeria to hold rates.
S&P speaks on Nigeria's downgrade status
Standard and Poor's global ratings downgraded Nigeria further into junk status, citing a marked contraction in oil production, a restrictive foreign exchange policy and delayed fiscal stimulus.
Zimbabwe to print new notes to boost economy
New bank notes are being printed in Zimbabwe to ease a crippling cash shortage. The government hopes the new money will boost the collapsing economy. But there are concerns it will cause even higher hyper-inflation.
Is Nigeria becoming the next Venezuela?
Multiple exchange rates, a reluctance to officially devalue the currency and a forex shortage are a few similarities between Nigeria and Venezuela that have fuelled concerns that Nigeria may be on the path of economic decline.