South African Rand (ZAR) weakened against trading pairs in the forex market on Thursday as global commodity prices fell amid a stronger US dollar.
US and European stocks gained momentum on AI optimism; earnings expectations boosted demand for risky assets on Wednesday.
Foreign Investors Pivot into US Dollar Bonds, Yields Ease The average yields shifted in international markets as foreign investors pivoted…
The Federal Government said the $21.7 billion borrowing proposal President Bola Tinubu transmitted
Wall Street and the FTSE 100 climbed as demand for shares in Artificial Intelligence
The Federal Government of Nigeria has ruled out restoring the fuel subsidy and multiple exchange rates
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…
Nigerian Eurobonds yields eased in international markets as offshore investors piled into positions ahead of inflation data and moderating global crude oil prices.
The average yield on Nigerian Treasury bills moderated 4 basis points (bps) to 17.85% as secondary market demand for naira assets rose ahead of the midweek auction.
Alternative investment market
Ripple| XRP price stages a recovery, rising 0.587% to $1.03 on Friday as Bitcoin and the broader crypto market fell; the small gain followed SBI Chief Yoshitaka Kitao’s reaffirmation of confidence in the token.
NVIDIA Tokenised Stock (Robinhood) climbed 0.235% to $161.82 on Friday, a modest rebound as the broader crypto market fell; it moved independently of Bitcoin, which was down 3.54%.
Binance Coin Drops to $640 as Bitcoin Drags Other Altcoins Binance Coin…
Ethereum Price Falls to $1,962 as Crypto Market Plunges Ethereum (ETH) price…
Companies
Investors Value Access Holdings 54.375bn Outstanding Shares at N1.47trn Investors priced Access Holdings Plc’s 54.375 billion outstanding shares at N1.473…
INSIDE AFRICA
The South African Rand traded steady against Western currencies, the US dollar, the euro, and the British pound on Monday as gold rebounded amid uncertainty in the global commodity market.