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Financial Perils in Check for Now, Eyes Turn to Risk of Market Correction

By Aminu MusaPosted on Posted in Africa & World EconomyTagged , , , , , , , No Comments on Financial Perils in Check for Now, Eyes Turn to Risk of Market Correction

Prices for stocks, corporate bonds, and other risk assets have risen higher on the news of vaccine rollouts. Financial markets have shrugged off rising COVID-19 cases, betting that continued policy support will offset any bad economic news in the short term and provide a bridge to the future. As the apparent disconnect between exuberant financial markets and the still-lagging economic recovery persists, it raises the specter of a possible market correction should investors reassess the economic outlook or the extent and duration of policy backstop.

FOREIGN EXCHANGE RESTRICTION: BEFORE YOU CRITICIZE THE CBN.

By Abdulazeez KurangaPosted on Posted in Articles, DataTagged , , , , , , , No Comments on FOREIGN EXCHANGE RESTRICTION: BEFORE YOU CRITICIZE THE CBN.

Foreign exchange is the exchange of one currency for another, or the conversion of one currency into another currency. It also refers to the global market where currencies are traded virtually around-the-clock. The term foreign exchange is usually abbreviated as “forex” and occasionally as FX. Foreign exchange transactions encompass everything from the conversion of currencies by a traveler at an airport kiosk to billion naira payments made by corporate giants and government for goods and services purchased overseas.

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