Money market
ECB signals a rate cut, more monetary easing ahead
The European Central Bank (ECB) prepared markets for more easing measures on Thursday, causing the euro to briefly fall to…
ECB prepares sub-zero relief for wilting Europe
Euro and bond yields wilted on Thursday as a slump in German business confidence piled the pressure on the European…
Naira gains marginally against dollar at parallel market
The naira on Monday gained 50 Kobo to trade at N358.5 to the dollar at the parallel market in Lagos,…
NY Fed clarifies Williams speech that market took as signal of a rate cut
New York Fed President John Williams’ assertion that policymakers need to “act quickly” as economic growth slows was drawing from…
OVN rises by 250bps as OMO depletes liquidity levels
The overnight lending rate increased by 250 basis points to 7 percent, as liquidity levels in the market declined following…
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