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The interest rate differential between Open Market Operations (OMO) and Nigerian Treasury bills has widened significantly, driven by the Central Bank of Nigeria’s (CBN) decisive actions to draw hot money into the economy.
Nigeria’s debt burden is projected to decline in 2026 to around 35% of the gross domestic product (GDP) in 2026, according to details obtained from Moody’s periodic ratings review.
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Ethereum (ETHUSD) climbed above $2k, reflecting an improved sentiment as BlackRock launches a yield-paying ETH staking Exchange-traded fund.
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TikTok has announced an additional 200,000 dollars investment in ad credits to support Artificial Intelligence (AI) media literacy initiatives across Sub-Saharan Africa.
Politics
PDP Counting Down to its Expiration — APC The Lagos State chapter of the All Progressives Congress (APC) says the Peoples Democratic Party (PDP) is steadily sliding into political irrelevance across Nigeria. The APC said the opposition party…
ADC Urges Transparency in Nigeria–France Digital Tax Deal African Democratic Congress (ADC) on Sunday called for…
Reps Speaker Inaugurates Committee to Oversee Naira-for-Crude Oil Policy The Speaker of the House of Representatives,…
ADC Faults Senate’s Rejection of e-Transmission of Results African Democratic Congress (ADC) has faulted the refusal…
Financial Product
CBN Reduces Interest Rate on 364-Day Treasury Bills The Central Bank of Nigeria (CBN) has lowered the interest rate on Nigerian Treasury bills with a one-year maturity, according to details from the primary market auction results. This decision follows substantial…
Inside Africa
Togo Seeks Increased Electricity Imports From Nigeria Togo has expressed interest in increasing electricity imports from Nigeria through the Niger Delta Power Holding Company (NDPHC) to meet rising domestic demand. The Managing Director of Niger Delta Power Holding Company, Jennifer…
Fitch Ratings has revised the Outlook on Rwanda’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at ‘B+’.
Zambia’s growth projections for 2025 and 2026 have been revised downward, the International Monetary Fund said in a statement as fiscal pressures emerge.
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Trump Says he Thinks Iran’s New Supreme Leader Alive but ‘Damaged’ President Donald Trump said that he thinks new Iranian Supreme Leader Mojtaba Khamenei,…
World Bank Approves $800m Loan to Support Philippine Fiscal Reforms The World Bank on Friday announced the approval of an 800 million dollar loan…
UN Relief Chief Slams ‘$1bn Daily’ Cost of War With Iran The UN emergency relief chief, Tom Fletcher, on Wednesday condemned the “one billion…
Iranian President Demands Guarantees, Reparations to End War Iranian President Masoud Pezeshkian on Wednesday set out conditions for a possible end to the war,…
