Financial Services

January 11, 2018

World Update: Dollar dumped on worries China may bail on US bonds

The dollar slumped on Wednesday following a report that China may slow or halt its purchases of US government bonds, with Wall Street stocks also opening […]
January 8, 2018

Nigeria Update: Forex liquidity exceeds $42b

Nigeria may be sitting atop foreign exchange (forex) stockpile in excess of $42 billion from reserves’ accretion and the expected full inflow of the $3 billion […]
December 18, 2017

Nigeria Update: FMDQ market report

During the week-ended December 15,2017, the Central Bank of Nigeria (CBN) continued its supply of US Dollars in the FX market, offering $100.00mm at a marginal […]
December 15, 2017

World Update: Bank of England holds interest rate at 0.5%

The Bank of England kept its key interest rate at 0.5 percent at its final meeting of the year, it said Thursday while keeping an eye […]