Currencies foreign exchange markets

Another factor that contributed to the downturn last year was that because a lot of money markets across the globe took a downturn, interest rates crashed drastically across money markets across the globe. So there was a lot of liquidity in most countries such that interest rates were even in the negatives. Interest rates are typically close to zero in Europe and America, last year what we saw was that they went into the negatives and people were even looking at where to keep their money without losing value, retaining at least the value. But this year, since things are turning the way they are, investment opportunities of course  will increase. And we trust  the CBN being sensitive to economic turnarounds will also put in place or ensure that the money market is sufficiently equipped to attract and retain FPIs. … [Read more...] about Nigeria needs policies to retain foreign portfolio investment-Ezeh, CEO, Everdon BDC

At the interbank foreign exchange market, the domestic unit opened lower and traded in the negative territory most part of the session, tracking a massive selloff in domestic equities. The rupee touched a low of 73.09 and a high of 72.96 during the day. … [Read more...] about Rupee pares losses to settle marginally higher at 72.97 against USD

“During the period the land borders were said to be closed we were still seeing different brands of imported rice, fish and other banned products in our markets. Closing the borders to protect local industries or Agro products is a primitive way of doing things, all government need to do is to incentivize Agro business through long term credit not what we have now where a beneficiary of the Anchor Borrowers’ Programme has only 12 months to go to the farm, cultivate, harvest, transport, warehouse, sell and pay back the loan. … [Read more...] about Food Security: Stakeholders offer opposing views on benefits of border re-opening

"By updating the PAUSE list, we continue to provide the public with information we have learned in reviewing tips, complaints, referrals, and other sources so that investors can be alerted to potential fraud before they invest," commented Jennifer Diamantis, SEC's Office of Market Intelligence chief. … [Read more...] about SEC calls out dubious cryptocurrency traders, miners soliciting customers worldwide

The Latvian politician, who has served as Executive Vice President of the European Commission for An Economy that Works for People since 2019 and European Commissioner for Trade since 2020, expressed confidence that eurozone central bankers were increasingly leaning towards the need for a virtual currency as a complement to ordinary banknotes and coinage. … [Read more...] about European Commission Touts Strategy for Digital Euro Rollout, Mulling Safeguards Against Crypto Risks