The Central Bank of Nigeria (CBN) defended the naira by injecting $500 million, equivalent to N1,360.15 to N1,376, into banks amid rising demand for the US dollar in the official window.
The Nigerian local currency unit, the naira, weakened against major currencies in the foreign exchange market …
Fitch Ratings has revised the outlook on Nigeria’s Long-Term Issuer Default Ratings (IDRs) to positive from stable and affirmed the IDRs at ‘B’.
The Nigerian Bulk Electricity Trading (NBET) says it has begun settling legacy debts…
NESG, FG Call for Actionable Solutions to Translate Economic Reforms into Jobs, Shared Prosperity The Federal Ministry of Budget and…
World Bank Group Appoints David Vaillant as MD, CFO World Bank Group President Ajay Banga announced the appointment of David…
The Lagos State Government is planning to issue a ₦200 billion bond for investor subscription under the ₦1 trillion
Pathway Advisors Delivers Oversubscribed ₦10bn Commercial Paper for MKH Properties Pathway Advisors Limited has announced the successful arrangement and completion…
Global equities markets rose as expectations for U.S. Federal Reserve rate hikes eased, with technology and AI stocks
Nigerian deposit money banks (DMBs) placements at the Central Bank of Nigeria (CBN) Standing deposit Facility (SDF) window edged higher on midweek as the authority slowdown aggressive liquidity management action.
Excess liquidity in the Nigerian financial system surged about 33% after heavy OMO bill
Alternative investment market
Bitcoin (BTC) price dropped below $80k, settling at $ 79,800 on Monday and …
Micron Technology Tokenised Stock (Robinhood) price climbed 2.14% to $909.02 on Monday
Ethereum (ETH) price fell to $2,314.88 on Monday, down more than 100 basis points,
Ripple (XRP) inched up 2.42% in 24 hours to $1.31 on Sunday, outperforming a modestly higher broader market as capital rotated into altcoins.
Companies
Transnational Incorporation Plc (Transcorp Group) delivered N111.4 billion pretax profit in the first nine months of financial year 2026, according to its unaudited financial statement released on the Nigerian Exchange.
INSIDE AFRICA
King Letsie III of Lesotho said that nearly 60 per cent of the world’s chronically undernourished population by 2030 could be living in Africa.