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July 24, 2016
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The Central Bank of Nigeria (CBN) needs to clearly define its role in the foreign exchange (FX) market and move on. With Nigeria's economy under serious strain due to oil price and production shocks, persistent foreign currency shortages, and slowing growth, the Monetary Policy Committee (MPC) resolved in May 2016 to quit defending the Naira and finally take the peg off its exchange value against the greenback. This came after sixteen (16) painful reserves depleting months of fighting to keep the dignity of the Naira.
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July 23, 2016
Analysis of the market activity in the week ended July 22, 2016 technically revealed a surge in pessimistic trading while investors stayed cautious with low risk appetite towards equities as sentiments remained negative in the week.
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July 22, 2016
The corporate earnings for the week is a compilation of quoted companies' financials released between 18th and 22nd of July, 2016
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