Deposit Money Banks (DMBs), foreign portfolio investors (FPIs) chased Nigerian OMO bills with total subscription of N2.2 trillion, surpassing the offer size.
NPA Expects 39 Ships in Lagos The Nigerian Ports Authority (NPA) says 39 ships carrying petroleum products, food items and…
FG Tightens Budget Rules, Bars MDAs from Awarding Unfunded Contracts The Federal Government has barred Ministries, Departments and Agencies (MDAs)…
FGN Offers 2 Savings Bonds for Subscription at N1,000 Per Unit The Debt Management Office (DMO), on behalf of the…
Wall Street came under pressure as US equities sold off amidst earnings releases…
Interbank Rates Diverge as Financial System Liquidity Declines Interbank rates diverge as financial system liquidity reduced week on week to…
The Central Bank of Nigeria (CBN) is scheduled to auction Nigerian Treasury bills totalling N700 billion…
Trading activity in the Nigerian Treasury bills (NTB) secondary market was mildly positive…
The Debt Management Office (DMO) under-allotted Federal Government of Nigeria (FGN) bonds to investors despite a top-notch subscription level at the auction conducted on Monday.
Interbank rates were mixed last week as banking system liquidity declined by approximately 21% to close at about N3 trillion. The liquidity drop was primarily attributed to outflows associated with Open Market Operations (OMO) and the settlement of Nigerian Treasury bills auctions.
Nigerian Treasury bill yields slipped as investors moved newly issued papers into the secondary market following more than N2.4 trillion in subscription rejections at the midweek auction.
Alternative investment market
XRP price inched higher on Tuesday, trading at approximately $1.08 ….
Bitcoin (BTC) moved sideways in line with global crypto market performance, holding the $63k price support level amidst the latest round of BTC selling by Strategy Inc.
Ethereum price hovered at $1,855, down by 2% due to a technical breakdown from key resistance levels amid persistent structural concerns.
Hyperliquid (HYPE) price rose 4.43% to $54.70, significantly outperforming Bitcoin’s +1.05% gain, primarily driven by strong protocol fundamentals and deflationary token burns.
Companies
Academy Press Earnings Underperform, Revenue Tumbles by 51% Academy Press Plc opened the 2026 financial year with a significantly weaker…
INSIDE AFRICA
Africa May Face Strongest El Nino in Decades, AU Experts Warn Africa could experience its strongest El Nino event in decades from November, with climate experts…