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Forex or the stock market

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forex or the stock market

Trending Recent New Stats: 1,700,879 members, 3,234,179 topics. According stock Bloomberg News, stocks climbed percent yesterday, the best performance worldwide, after jumping per cent the previous day Wednesday. Analysts said banks and consumer goods companies led the charge, driven by expectations that a more flexible foreign exchange policy will boost dollar supply and lure back foreign investors. Stocks climbed percent after the close of trading yesterday, as the All -Share Index NSE - ASI closed at 28, basis points, up from 27, points the previous day, while market capitalisation added N205 billion to close higher at N trillion from N trillion recorded the previous day, becoming the best performance worldwideafter jumping per cent or N billion the previous day. The Market Bank of Nigeria CBN hadon Wednesdayunveiled the new guidelines for the Nigeria Interbank Foreign Exchange NIFEX Marketallowing the exchange rate of the naira to be determined by the market forces of demand and supply. Analysts believe that the new guidelines, which came after weeks of expectations, will reduce pressure on the local currency and attract foreign investors. Godwin Emefielesaid the bank had resolved to, henceforth, deal with FX Primary Dealers FXPDs under the new arrangement. He, however, stated that the existing ban on 41 items from accessing forex from the official window would remain in place. Stock to this developmentManaging Director, Crane Securities Limited, Mr. Mike Eze, said the liberalisation of the exchange rate is expected to impact positively on the economy, adding that the policy will attract foreign direct investment into the country. Prices are going to come under pressure. The Udom The of Akwa Ibom market this in Abuja while briefing State House correspondents on the outcome of the NEC meeting presided over by Vice -President Yemi Osinbajo. There are two areas that we needed to really take headlong. One is this flexible foreign exchange policy. And to make it a little bit more flexible right now, I think it is a welcome development. It is going to help the economy ; it is going to help ease of access. Stock a win-win situation because their hard currency is now over-valued since the CBN removed the peg on naira. I thought they suspended forex trade until monday? Every new policy from this government always seems the the first few days. I hope this one is for real Good things keep happening once The Ajala is not in town. I pray he stays put in his UK constituency till May 28th Imagine they did this six months ago The frontpage news of today would have been soo different. Buhari is working Forex Nigeria, we want everything quick,quick cash,quick money,quick sex,quick economics effects and quick results. I forex with time we will see the effects of patience with focus. And for those stalking dollars inside hole hoping to get tona cockroaches go soon turn am to toilets. I am just waiting for Monday to hear the new exchange rate. After much hesitation from Mr. President, he finally let go. Better late than never. This market simply telling us that we are better off without Buhari. Can he please stay put in London? Lasgidy Good forex keep happening once The Ajala is not in town. I pray he stays put in his UK constituency till May 28th Reply. forex or the stock market

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3 thoughts on “Forex or the stock market”

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