Market Review
Weekly Market Review: October 2024, Edition 5
Prologue The recent increase in Nigeria’s foreign exchange reserves, rising from a little above $36 billion in September 2024 to
October 28, 2024
Prologue The recent increase in Nigeria’s foreign exchange reserves, rising from a little above $36 billion in September 2024 to
Prologue For the first time in three (3) months, the moderation in inflation saw a different turn. Recall that the
Prologue Notwithstanding efforts by the Federal Government, Debt Management Office (DMO), and Central Bank of Nigeria (CBN) geared towards boosting
Prologue Last week, Nigeria marked her 64th Independence Anniversary with modest celebrations across the country. Among the key highlights of
Prologue Actions of the Central Bank of Nigeria (CBN) since its Monetary Policy Committee (MPC) meeting held on Tuesday, September
Prologue Nigeria’s inflation rate in August 2024 was reportedly at 32.15%, a rate lower than the figure in July 2024,
Prologue The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced that the Federal Government’s revenue
Prologue In the week under review, American billionaire and philanthropist, Bill Gates, expressed concerns over the lack of progress in
Prologue The recently offered local dollar bond has gained significant attention and optimism in the last couple of days. The
Prologue The recent shift in the Debt Management Office’s (DMO) strategy, evidenced by the undersubscription of Nigerian Treasury Bills (NTBs)
Prologue Last week, the Nigerian Naira consistently closed below the $/N1,600 benchmark at the end of each business day. The
Prologue In the week under review, the global markets – from crypto to stocks – witnessed extreme challenges at the