Excess Liquidity in Banking System Soars 37% Ahead of OMO Debit Excess liquidity in the banking system increased by 37% amidst significant OMO bill sales to investors by the Central Bank of Nigeria (CBN) on Tuesday. In an effort to keep market liquidity in check,…
The President, Chartered Institute of Directors Nigeria (CIoD), Mr Adetunji Oyebanji, says Nigeria
Tinubu Pledges Policy Stability as Ogun Attracts $7bn Investment President Bola Tinubu has assured domestic and foreign investors of regulatory…
The Central Bank of Nigeria (CBN)’s biggest signal is not the policy rate cut, according to analysts at AAG Capital Limited
Oyedele Seeks Affordable Capital to Bridge Africa’s Infrastructure Gap The Minister of Finance and Coordinating Minister of the Economy,…
The Central Bank of Nigeria (CBN) is anticipated to keep the benchmark interest rate at 26.5% at the policy committee
MarketForces Africa| The Nigerian Exchange Ltd. (NGX) recorded a total turnover of 3.249 billion.
Financial Inclusion Must Translate to Stronger Household, Business Resilience – CBN The Governor of the Central Bank of Nigeria (CBN)…
Nigeria’s foreign reserves increased to $54.410 billion following the latest round of FX inflows into the local economy, with more than 99% of the credit balance staying liquid.
Alternative investment market
NVIDIA Tokenized Stock Climbs, Robinhood Unveils Automated Trading NVIDIA Tokenized Stock (Robinhood) climbed about 1% in 24 hours to $230.53, slightly outperforming a flat…
Ethereum Price Drops as Buying Momentum Eases Ethereum is down 1.26% to…
Cardano (ADA) price is down 1.48% to $0.247 in 24h, underperforming a slightly negative broader market
Ripple (XRP) price hovered at $1.50 on Wednesday, dipped slightly by 0.5% over 24 hours, underperforming a flat broader
Companies
GCR Ratings has assigned Parallex Bank Limited a national scale long- and short-term issuer rating of BBB-(NG) and A3(NG), respectively; the outlook was accorded as stable.
INSIDE AFRICA
Moody’s Ratings has changed the outlook on the Government of Angola to positive from stable