As demand for dollars rose amid mounting expectations for interest rate increases in the United States on Wednesday, the greenback held firm against the euro after US yields rose sharply the previous day. Read more.
On Monday, Nigeria's stocks fell 0.12% as investors took profits in newly admitted BUA Foods, which had gained over 59% until the end of last week. Read more.
The price of oil fell in London on Friday due to concerns that the United States would intervene to cool prices. In addition, investors were concerned that the latest outbreaks of COVID-19 in China might weaken demand for fuel. Read more.
As investors dumped food and beverage stocks led by Nestle and Nigerian Breweries, and partial profit-booking weighed on Nigerian stocks, they declined by 0.09% on Tuesday, the worst performance since the year started. Read more.
The Chinese government is hoping to use the Olympic games to highlight the digital yuan's global clout less than a month before the event kicks off and with the event already dogged by diplomatic boycotts and the threat of virus outbreaks. Read more.
The dollar strengthened early in the week as traders bet that U.S. inflation data and speeches by Federal Reserve officials would lead to higher interest rates. Read more.
On Tuesday, the Nigerian stock market gained N171.7 billion, a good start for trade in the new year, even though there are still concerns regarding trade volume, which fell by more than half from Friday. Read more.