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Excess liquidity in the banking system, which peaked above N6 trillion, shrank due to outflows relating to the settlement of OMO and Nigerian Treasury bills sold at the primary market auctions.
President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure of ₦68.32 trillion for the current fiscal year.
Cryptocurrency
Giving up its slight gains, Dogecoin (DOGEUSD) slipped slightly to $0.1006 in the last trading session of May, driven by profit-taking across memecoins.
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The Nigerian Communications Commission (NCC) has noted recent public concerns regarding the quality of telecommunications services in parts of the country.
Politics
I’II Scrap Federal Character Principle if Elected President – Amaechi A former Minister of Transportation, Rotimi Amaechi, says he will scrap the federal character principle if elected president in 2027, insisting that all Nigerians should enjoy equal citizenship…
Atiku Warns Of Constitutional Breach over Tax Acts Gazetting Former Vice President of the Federal Republic…
ABU Denies Allegations Of Hidden Nuclear Weapon Project The Ahmadu Bello University (ABU), Zaria, has dismissed…
Gov. Abba Yusuf of Kano State has paid N32 billion out of N48 billion gratuity backlogs of retirees inherited in 2023. Yusuf disclosed this on Wednesday in Kano during the inauguration of the sixth tranche of payments to retirees in the state.
Financial Product
One of the top Nigerian lenders, GTBank Limited, has set a $20,000 quarterly spending limit on its naira debit card, according to a check by MarketForces Africa.
Inside Africa
Moody’s Ratings (Moody’s) has changed the outlook on the Government of Mali to negative from stable and has affirmed the local- and foreign-currency long-term issuer ratings at Caa2.
Nigeria, Egypt, South Africa Dominate Africa’s Equity Markets — AfDB Nigeria, Egypt, Morocco, and South Africa…
Nigeria, West Africa’s Growth to Remain Stable at 4.7% in 2026 — AfDB The economies of…
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Wall Street Surges to Record Highs as AI, Tech Stocks Rally Wall Street powered to fresh record highs as AI and technology stocks surged…
British Health Secretary Resigns as Starmer Faces Leadership Challenge British Health Secretary Wes Streeting resigned from the government on Thursday, deepening the political crisis…
Iran Opens Strait of Hormuz to Chinese Ships Some Chinese ships, in compliance with Iranian management protocols, since Wednesday night have been allowed to…
Global markets are trading mixed as investors monitor prospects for easing United States (US)-China tensions ahead of the expected meeting between President Donald Trump and President Xi Jinping.
