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The Nigerian financial system liquidity spiked more than 40% following a significant OMO bill repayment by the Apex Bank to eligible investors on Tuesday.
Fitch Ratings has affirmed Nigeria’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B’ with a stable outlook.
Cryptocurrency
Ripple’s XRP price fell about 2.5% to $1.44 after a failed attempt to break through resistance. The token reflected a negative trading pattern in the crypto market.
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Samsung Electronics Q1 Earnings Jump, Flags Market Pressure Samsung Electronics has reported a 43 per cent rise in first-quarter revenue to 133.9 trillion Korean won, its highest quarterly performance, despite weak demand for displays and telecoms. The company disclosed this…
Politics
Former President Goodluck Jonathan has challenged a lawsuit seeking to bar him from the 2027 presidential election, filed by a lawyer, Johnmary Jideobi.
Gov. Alex Otti of Abia says his administration will approve the erection of monuments in honour of the heroines of the 1929 Aba Women’s uprising and other historic women in the state.
Alleged Terrorism Financing, Abacha Loots: EFCC Detains Ex-AGF Malami The Economic and Financial Crimes Commission (EFCC)…
Tinubu Orders FEC Committee to Crash Food Prices President Bola Tinubu has ordered a Federal Executive…
Financial Product
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
Inside Africa
The South African rand weakened against its major crosses, trading at R16.50 per dollar, R19.34 per euro, and R22.30 per pound, First National Bank (FNB) said in its morning brief on Wednesday.
Egypt Prime Minister Mostafa Madbouly on Tuesday instructed officials to begin preparations for introducing electric vehicles into the government fleet as the country is stepping up its transition to sustainable transport.
The UN Economic Commission for Africa (ECA) and Financial Sector Deepening (FSD) Africa concluded on Friday, 8 May in Addis Ababa, Ethiopia, the Second African Forum on Sovereign Finance, under the theme: “Enhancing Fiscal Space and Debt Sustainability.”
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Russian Finance Minister Warns Hormuz Blockade Could Trigger Global Recession The blockade of the Strait of Hormuz has already triggered a global energy crisis…
US Appeals Court Temporarily Pauses Ruling Against Trump Tariffs U.S. President Donald Trump has secured an interim victory in the legal battle over his…
UN Warns Against Global Sand Shortage, Pushes for Alternatives The UN says humanity is extracting sand and gravel faster than nature can replenish it,…
Asked what message he had for Xi regarding the war, Trump said the two would have “a long talk” about it. “I think he’s been relatively good, to be honest with you,” Trump told reporters.
