This special edition of the Market Opening Gong gives a review of market developments in Nigeria, Africa, and the Globe. Monday, June 13th, 2022 was a national holiday to mark ‘Democracy Day’.

From the Highlights:

1. President Alassane Ouattara opened the 2022 Africa CEO Forum

2. Total FX Spot and Derivatives markets total turnover for the week-ended June 10th, 2022, was $571.61m.

3. CBN Plans to Introduce USSD to improve CBDC

4. Crypto global market value yesterday fell below $1trn

5. Bank of England to raise interest rates in June by a modest 25 basis points

6. According to Proshare, three (3) top banks in Europe recorded an average growth rate of +3.78% in 2021.