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The Central Bank of Nigeria (CBN) sliced spot rate on Nigerian Treasury bills (NTB) with 182-day and 364-day tenors, reflecting the authority’s move to reduce borrowing costs.
The average yield on Nigerian Treasury bills surged to 17.71% in the secondary market amid selloffs following a slowdown in the nation’s headline inflation rate in February 2026.
Cryptocurrency
Privacy token Zcash is up 25.06% to $331.25 over the past 24h, dramatically outperforming the broader crypto market rally, primarily driven by a geopolitical ceasefire that sparked a risk-on surge and a major short squeeze.
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AI revenue from services is estimated to reach $1.4 trillion in 2030; a top global rating agency, Fitch, hinted at this in a commentary note on Wednesday.
Politics
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.
Era of Silos Over: Shettima Hails Kaduna Skills Council Setup Vice-President Kashim Shettima has hailed Gov.…
Mr Abdul-Ganiyu Obasa, Chairman, Agege Local Government of Lagos State, has inaugurated a welfare programme providing free three-kilogram cooking gas refills to 4,000 residents.
FG Verifies 110 Constituency Projects Across 6 Geo-Political Zones No fewer than 110 constituency and zonal…
Financial Product
DMO Hikes Spot Rates on 7-Year, 10-Year FGN Bonds The Debt Management Office (DMO) raised N485.48 billion from its monthly bond auction held on Monday, as the authority prioritises the costs of its borrowing plan. Total subscriptions for the reopened…
Inside Africa
South African Rand Climbs Amid Soft Manufacturing Output The South African rand strengthened, trading at R16.39 per dollar, R19.18 per euro, and R22.00 per pound, according to a report released by First National Bank (FNB). The local currency is outperforming…
The South African Rand is holding up well against major crosses, including the US dollar, Euro and British Pound (GBP), following yesterday’s rally, First National Bank (FNB) said in its daily market insight on Thursday.
Nairobi Stock Exchange (NSE) Index climbed on Wednesday as Kenya Airways (7.7%), Umeme Ltd (7.6%), Unga Group (6.6%), Sasin (5.8%) and Kenye Re (5.5%) were the top gainers in the list.
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U.S., Iran Agree 2-Week Ceasefire, Hormuz Passage to Resume Iran has confirmed a two-week ceasefire announced by U.S. President Donald Trump, the Tasnim news…
Muslim Nations Condemn Israel’s New Death Penalty Law Several Muslim-majority countries have strongly condemned a newly passed Israeli law reintroducing the death penalty for…
U.S. Senators Back NATO Amid Trump’s Withdrawal Threats The U.S. President, Donald Trump, is facing bipartisan resistance over renewed suggestion that the United States…
Trump to Deliver Primetime Address on Iran War as Uncertainty Grips Washington Washington is holding its breath tonight as President Donald Trump prepares to…
