Culled—Reuters By Alexis Akwagyiram and Chijioke Ohuocha LAGOS (Reuters) – Nigeria’s recession deepened in the third quarter, with a 2.24 percent contraction in gross domestic product, the National Bureau of Statistics said on Monday. Oil production fell to an average 1.63 million barrels per day, down from 1.69 million in […]
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Dollar dips, stocks fall as Trumpflation trade pauses
November 21, 2016/Reuters By Nigel Stephenson | LONDON The dollar edged lower against major currencies and global stocks were on the defensive on Monday as a “Trumpflation”-fuelled rally paused and political risks came to the fore in Europe. U.S. Treasury yields, which have risen since Republican Donald Trump won the […]
MPC May Hold Policy Levers But FX Change Required
Culled—Proshare November 21, 2016/Vetiva Research Monetary Policy Committee (MPC) meeting comes at a pivotal time. With fiscal policy in the throes of reflating the economy (N3.7 trillion or c.80% of pro-rated budget spending disbursed as at Q3), the two key policy paradigms of the Federal Government (FG) are able to […]
