Can we be optimistic about foreign exchange?
As markets resume trading in 2024 the biggest issue is foreign exchange. Are things going to get better or worse?
As markets resume trading in 2024 the biggest issue is foreign exchange. Are things going to get better or worse?
Welcome to the New Year. 2023 was an extraordinary year, with general elections bringing an inflection point to markets thanks to a reforming presidential administration.
In July, we examined the extent to which Nigerian pension funds hold NGX Exchange-listed equities and concluded that they were warming again to stocks.
In many ways, the MEP is an easy portfolio to manage (even if we do pay notional commissions and respect actual market liquidity when making notional trades)
We heard no official announcement that market interest rates would rise, but market interest rates, notably Nigerian Treasury Bill (T-bill) rates, are rising decisively.