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Nigeria: Economy Will Definitely Go Into Recession-Finance Minister
May 22, 2020--An assessment by the Nigeria Bureau of Statistics indicates that Nigeria's economy will go into a recession at an average of-4.4 per cent, the finance minister, Zainab Ahmed, has said.
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Source: allafrica.com
The rand's rebound is gathering momentum
May 20, 2020--The rand's comeback seems to be gathering momentum.
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Source: FIN24
Nigeria: Report Predicts U.S.$17 Billion Decline in Nigerian Oil Revenue
May 18, 2020--Nigeria's oil revenue is likely to decline by between 70 per cent and 80 per cent this year, representing between $15 billion and $17 billion, the Chief Executive Officer of Financial Derivatives Company Limited and a member of President Muhammadu Buhari's Economic Advisory Council, Mr. Bismarck Rewane, has predicted.
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Source: allafrica.com
Markets wrap Firmer close in Asia lifts JSE All-Share Index
May 16, 2020--On the currency market, the rand traded softer against the greenback as it slipped to a session low of R18.77/$.
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Source: FIN24
Nigeria: Report Highlights Investment Opportunities
May 15, 2020--Amid current global market turbulence occasioned by lockdowns in many economies due to the COVID-19 concerns, a report by the FBN Private Banking has revealed unique investment opportunities which Nigerian investors can leverage to survive.
The latest edition of the Wealth Management Digest, a periodic report of the FBN Private Banking's global economic review, listed some of such investible and profitable business opportunities as FGN Eurobonds, Eurobonds mutual funds, stock market, real estate, foreign currency, among others.
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Source: allafrica.com
Markets wrap JSE retreats as global markets fret over economic growth
May 13, 2020--Deep losses were recorded across most European benchmarks except the FTSE 100 which managed to trade relatively flat on the day.
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Source: FIN24
Local stocks edge higher as optimism remains
May 13, 2020--Still, there was disappointment in terms of economic data following the release of the SACCI Business Confidence index data for April which came in at 77.8, compared to a forecast of 89.2.
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Source: FIN2
Stocks rise despite record US job losses
May 13, 2020--The rand strengthened against the greenback as it peaked at a session high of R18.30 before it was recorded trading 1.41% firmer at R18.32/$ at 17.00.
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Source: FIN24
Stocks rise despite record US job losses
May 8, 2020--The rand strengthened against the greenback as it peaked at a session high of R18.30 before it was recorded trading 1.41% firmer at R18.32/$ at 17.00
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Source: FIN24
Local stocks edge higher as optimism remains
May 7, 2020--Still, there was disappointment in terms of economic data following the release of the SACCI Business Confidence index data for April which came in at 77.8, compared to a forecast of 89.2.
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Source: FIN24
