MARKET NEWS
ECB would welcome a weaker euro - REUTERS
LONDON, Dec 6 (Reuters) - The European Central Bank would happily, if quietly, cheer an even weaker euro exchange rate - and may be far more wary of the opposite at just the wrong time.
The euro is likely still too strong for the sort of subdued growth and outsize trade risks the zone faces next year and, far from being a brake on more monetary easing, its depreciation may well be encouraged. And it could argue for at least one deeper half-percentage-point interest rate cut at upcoming meetings.
MARKET NEWS
November 02
BRICS+ payments system feasible, common currency faces hurdles, report says - REUTERS
November 02
Bank of England poised to raise rates but may push back on bets for more - REUTERS
November 02
Dollar dithers ahead of US midterms; bitcoin under pressure from crypto heist - REUTERS
November 02
Experts Seek Audit Of NIMASA Account As Controversy Deepens Over $360m Shipowners Fun... (read more)
November 02
Nigeria Risks Losing Trade Opportunities Without Modern Ports – APM Terminals - LEADERSHIP
November 02
Naira gains against dollar officially, weakens at black market - DAILY POST
November 02
OPay Halts NYSE Offering Over Regulatory Inquiry, Says Nigerian Operations Unaffected... (read more)
November 02
Naira Holds Steady As Bonny Light Hits $115 And Reserves Reach $55bn - LEADERSHIP
November 02
Oil prices fall amid reports that the U.S. and Iran are both seeking diplomacy - CNBC
November 02
Binance sees $3.64 billion in net outflows as withdrawals resume after massive hack - CNBC
November 01
Big Oil is grappling with how to spend its windfall profits - BLOOMBERG
November 01
Binance to Resume Customer Withdrawals in Phases After Hack - BLOOMBERG
November 01
Uganda’s inflation rises to 3-year high after currency slump - REUTERS
November 01
New Export Inspection Regime To Curb Leakages, Lift FX Inflows – Stakeholders - LEADERSHIP
November 01
Binance’s $6.3 billion hack: What we know and what comes next - CNBC
November 01
Banks Start Reviewing Loan Terms for Clients in El Niño’s Path - BLOOMBERG
November 01
World Bank Warns Nigeria Over Unplanned Urban Growth - LEADERSHIP
November 01
Saudi Arabia’s economy contracts 3.8% as war disrupts oil production Simon Mugo - ... (read more)
November 01
OPEC+ set to keep oil output targets steady, sources say - REUTERS
October 31
NGX slides as market cap drops to N164.19tn - PUNCH
October 31
DMO cuts T-bill rates to 15.8%, rejects N1.8tn bids - PUNCH
October 31
Angola’s draft budget sees 5.5% growth in 2027 if oil is at $71 a barrel - REUTERS
October 31
SoftBank-backed OPay raises $304 million in US IPO - REUTERS
October 31
Stanbic Bank Botswana launches IPO to sell 20% stake - REUTERS
October 31
Banks keep N6.98tn with CBN amid N800bn T-bill offer - PUNCH
October 30
China and South Africa renew currency swap agreement - REUTERS
October 30
Nigeria agrees transport allowance for federal government workers ahead of Tinubu re-... (read more)
October 30
Iran claims four tankers struck mines in Hormuz as strike fears grow after U.S. midterms - CNBC
October 30
Biggest-ever crypto hack impacts $6.3 billion as Binance works to contain fallout - CNBC
October 30
South African rand steady ahead of budget, trade data - REUTERS




