Nigeria interbank rates diverged amid a surge in excess liquidity in the financial system while banks increased placements at the Standing Deposit Facility (SDF) window.
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…
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…
Alternative investment market
Ripple (XRP) price is down 6% to $1.09 in 24 hours, underperforming a falling broader market…
Bitcoin (BTC) rose slightly to $75.6k amid low buying conviction after recent selloffs in the cryptocurrency market. With $9 billion in transaction value, BTC trading volume fell about 9% in 24 hours as crypto continued its struggle to break out.
Hedera (HBAR) fell 1.59% to $0.0673 over 24 hours, underperforming a flat crypto market as buying interest dried up. The drop looks less like a reaction to bad news and more like a market with too few buyers.
DeFi token Uniswap (UNI) price climbed 4.12% in 24 hours to $7.18 in Saturday’s trading session, outperforming a flat broader market where Bitcoin rose just 0.16%.
Companies
FirstHoldco Loses N2.50trn in Market Value as Euphoria Fades FirstHoldco Plc’s 45.475 billion outstanding shares were priced down to N5.002…
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.