The exchange rate has been a subject of political and market acrimony in Nigeria. For an oil-dependent economy with a high marginal propensity to import (approximately 70%) and where smuggling is still paramount
The Bond Market opened the week on a muted note, with some flows witnessed on some short- to mid-dated maturities. Spreads compressed as offers improved across the benchmark bond curve, leaving average yields relatively unchanged at 14.68%.
Home price growth in Amsterdam, Berlin, Dublin and Madrid is expected to cool this year and next after several years of rapid growth across Europe, Fitch Ratings says in a new report. Price drops are expected in London and Stockholm while prices in Paris will be in line with 2018 growth.
Nigeria’s Equities Market closed the month of May 2019 in the green zone as NSEASI halts downwards movement to close positive by +6.55% as against -6.06% loss recorded in the month of April 2019 while the NASD USI closed in red with -1.26% loss recorded at the end of the month under review as against +0.06% gain in April 2019.
The now famous Hong Kong virtual banking licenses have been a bit of a mixed bag for the region, but nevertheless, it’s gotten a lot of attention. To date, four licensees will be ready to go to market before the year closes.