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With only four wins to show for his superb ERA, Doug Davis has a reason to complain about a lack of support from his teammates.
Financial conditions have improved, as unprecedented policy intervention has reduced the risk of systemic collapse and expectations of economic recovery have risen. Nonetheless, vulnerabilities remain and complacency must be avoided.
Lagos — Liberalisation of the foreign exchange (forex) market began on Tuesday with the Central Bank of Nigeria (CBN) removing all restrictions recently imposed.
Abuja — The Central Bank of Nigeria (CBN) yesterday reduced the monetary policy rate (MPR) by 200 basis points from eight per cent to six per cent.
July 6 (Bloomberg) -- The difference between yields on Treasury two- and 10-year notes should continue to widen after the spread exceeded the 30-day moving average, according to Stifel Nicolaus & Co.
RISK aversion returned to the market following the disappointing US non-farm payroll for June, which came in at -467k (-365k expected), following May’s -322k. The result pushed the US unemployment rate to 9.5% in June (9.6% expected), the highest level since August 1983, from 9.4% in May.
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