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Business, financial and market updates
Money market liquidity topped N6 trillion at the close of the trading session last week despite a substantial rise from the open market operation conducted by the Apex Bank.
The outlook for an interest rate cut in Nigeria has turned negative, as disinflation reversed amid the global energy crisis triggered by the U.S.-Iran war in the Middle East.
Cryptocurrency
Bitcoin (BTC) lost 3% in 24 hours to $71.4, underperforming a flat S&P 500 as Michael Saylor, Strategy Inc. chairman and co-founder, sold 32 Bitcoins for roughly $2.5 million between May 26 and May 31 to fund preferred stock dividend payments.
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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…
Makinde Appoints Prof. Babatunde as New SSG in Cabinet Reshuffle Gov. Seyi Makinde of Oyo State…
Lagos 2027: Why I Want to Succeed Sanwo-Olu –Jandor Dr Abdul-Azeez Adediran (Jandor), Lead Visioner of…
El-Rufai Files N1bn Suit Against ICPC Former Gov. Nasir El-Rufai of Kaduna State has filed a…
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.
