A trap is spending first and saving only what remains. After receiving a salary or payment, someone might buy new clothes, replace a phone or join friends for an expensive outing, intending to save later. By the end of the month, little is left.
Nigeria opens the week with inflation easing, oil near $110 and a ₦1.75 trillion government bond auction. Here are the figures and developments to watch on Monday, October 19, and through the week.
Nigerian equities declined despite positive market breadth, while disappointing US employment figures lifted shares without delivering lasting relief for bonds or gold.
Nigeria’s rate cut made holding cash less rewarding just as rising US bond yields made dollar assets more competitive. For investors opening their screens this Monday, those competing forces deserve attention alongside the stock-market rally.
Beyond the continent, oil prices surged as tensions around Iran intensified, government bond yields climbed, and stronger U.S. jobs data revived expectations of higher interest rates. From Lagos to global markets, investors had plenty to digest.
FTSE Russell’s decision to return Nigeria to its Frontier Market framework on September 21 paves the way for foreign index-tracking capital to return to local equities.
The Central Bank of Nigeria pulled over N4.7 trillion from commercial banks...
Nigeria's financial markets head into the final week of August with investors weighing a potentially transformative refinery IPO, a relatively stable naira, high oil prices and the government's claim that its economic reforms have restored investor confidence.
The National Drug Law Enforcement Agency (NDLEA) has arrested a 34-year-old South African woman, Qhina Beauty, with 36.65 kilograms of cocaine at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos, as the agency intensified its crackdown on international and domestic drug trafficking networks.