IntelligentUnit's profile picture. Economics. Finance. Data
I know nothing about nothing but I love to use data to cause trouble

Julius Alagbe

@IntelligentUnit

Economics. Finance. Data I know nothing about nothing but I love to use data to cause trouble

Oil prices surged week on week, lifted by optimism surrounding Russia-Ukraine peace efforts and growing expectations of a US rate cut, even as stronger supply signals and a surprise US stock build kept gains in check.  dmarketforces.com/oil-sees-weekl… #Oilprices


TotalEnergies EP Nigeria Limited has entered into definitive agreements with Conoil Producing Limited to execute a strategic asset realignment involving two offshore Nigerian assets. dmarketforces.com/asset-swap-tot… #TotalEnergies


Conoil acquisition deal has bolstered the company’s earnings outlook, and reposition its operational strength in the upstream segment dmarketforces.com/oml-136-acquis… #ConoilPlc


President Bola Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC). dmarketforces.com/tinubu-approve… #Tinubu #NTPIC


Oil prices were flattish on Friday ahead of the Organisation of Petroleum Exporting Countries (OPEC) and allies members’ (OPEC+) meeting this weekend dmarketforces.com/oil-prices-ste… #Oilprices


The average yield on Nigerian Treasury bills (NTB) was relatively flattish due to mixed trading activities in the secondary market on Thursday.  The portfolio rebalancing efforts have neutral impacts on the yield curve... dmarketforces.com/t-bills-yield-… #Treasurybills


The Nigerian naira (NGN) lost against the US dollar (USD) due to a subtle FX shortfall in the foreign exchange market on Thursday, reflecting the absence of the Central Bank intervention. dmarketforces.com/ngnusd-falls-o… #Naira #CBN


Edo House of Assembly has invited former governor Godwin Obaseki and the Museum of West African Art (MOWAA) Director, Philip Iheanacho, for questioning over MOWAA and Radisson Hotel funding. dmarketforces.com/edo-assembly-i… #EdoAssembly #Obaseki


The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Arab-Africa summit will boost trade relations. dmarketforces.com/arab-africa-su… #ArabAfricaSummit


Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), says Nigeria has completed all commitments required as the host country for the Africa Energy Bank (AEB), to fast-track its take off. dmarketforces.com/nigeria-has-me… #AfricaEnergyBank


The euro steadied at $1.16 mark, hovering near its strongest level since November, as odds of US Fed rate cuts impact decisions in the forex market. dmarketforces.com/euro-holds-pos… #euro


Ripple (XRPUSD) is struggling to keep its current price due to fluctuations. XRP price ticks up by approximately 1% in 24 hours to $2.18% in very slowest crypto market momentum despite increase of odds of December Fed rate cut. dmarketforces.com/xrpusd-climbs-… #XRP #CryptoMarket


GCR Ratings has upgraded AIICO Insurance Plc’s international and national scale financial strength ratings to B and AA+(NG) from B- and AA(NG), respectively – both ratings were maintained on stable outlooks. dmarketforces.com/gcr-upgrades-a… #AIICOInsurance


Oil prices fell on Thursday after an unexpected increase in US crude inventories and signs of progress in Russia-Ukraine diplomacy eased supply concerns. dmarketforces.com/oil-prices-dec… #Oilprices


Equity investors gained N111 billion on Thursday as the Nigerian Exchange (NGX) rebounded after losing N444 billion on Wednesday due to intense selloffs. dmarketforces.com/equity-investo… #Equityinvestors #NGX #Stockmarket


The naira depreciated across the official and unofficial currency markets due to a US dollar shortfall after recent rounds of FX interventions by the Central Bank. dmarketforces.com/exchange-rates… #Naira #Exchangerate


The National Industrial Court of Nigeria (NICN), on Thursday, awarded a fine against the Central Bank of Nigeria (CBN) for stalling the hearing of the suits filed by 62 disengaged staff members. dmarketforces.com/cbn-sanctioned…


African Eurobonds gained foreign investors’ attention in the international market as odds of U.S Federal Reserve rate cut in December continue to increase. dmarketforces.com/african-eurobo… #AfricanEurobonds


In the money market, funding rates closed steady as market liquidity remained in excess despite outflow for Nigerian bonds settlement on Wednesday. dmarketforces.com/excess-liquidi… #moneymaket


The Central Bank of Nigeria (CBN) sold US dollars to authorised dealers and banks at the Nigerian foreign exchange market to boost forex supply.  dmarketforces.com/central-bank-s… #CBN #Naira


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