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Rand rallies to under R11.70/$ as Zuma says 'I resign'
February 15, 2018--The rand rallied to R11.70/$, levels last seen in more than two and half years after President Jacob Zuma finally bowed to pressure and resigned as the leader of the country.
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Source: FIN24
Nigeria:Investors Lose N370 Billion, Highest Dip in Five Months
February 14, 2018--Stock market investors' yesterday lost a whooping N370billion, as the reign of the bears continued unabated on the trading floor of the Nigerian Stock Exchange (NSE).
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Source: AllAfrica.com
Nigeria: 89% of Nigeria's Economy Still in Recession-Expert
February 14, 2018--Only 11 per cent of the Nigerian economy is out of recession while the remaining 89 per cent is still in recession, CEO of RTC advisory services Ltd, Mr. Opeyemi Agbaje has said.
The economic expert said Nigeria's exit from recession was largely driven by oil sector, and then, partly by agriculture and utilities (particularly power sector), which he said summed up to constitute only 11 per cent of the nation's economy.
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Source: AllAfrica.com
JSE edges up slightly in cautious trade
February 14, 2018--The JSE edged up slightly in cautious trade on Wednesday, as the market waits for President Jacob Zuma to resign by midnight or be removed by Parliament in a vote of no confidence.
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Source: FIN24
Rand steady on Zuma exit ultimatum
February 13, 2018--The rand has held steady following news that the ANC's top 6 has given President Jacob Zuma an ultimatum to step down.
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Source: FIN24
Recalcitrant Zuma shakes traders' conviction on rand's direction
February 13, 2018--The rand is still trading as if President Jacob Zuma is as good as gone, but the options market suggests some investors are starting to lose conviction.
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Source: FIN24
JSE strengthens as rand firms
February 12, 2018--The JSE strengthened on Monday as global equity markets attempted to recover, giving investors a break from the volatility-driven selloff.
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Source: FIN24
Rand gains on 'urgent' ANC top six meeting
February 9, 2018--The rand was trading stronger on Friday morning after reports that the ANC's top six have been summoned to an urgent meeting.
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Source: FIN24
US led equity sell-off drags the JSE
February 9, 2018--The JSE traded under pressure on Friday following the sharp sell-off in US equity markets in Thursday's session.
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Source: FIN24
Rand leads advance among peers as Zexit talks intensify
February 9, 2018--The rand has led emerging-market currency gains against the dollar as reports of a meeting by top ANC officials fuelled speculation Jacob Zuma's days as president are numbered.
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Source: FIN24
