South African Rand (ZAR) weakened against trading pairs in the forex market on Thursday as global commodity prices fell amid a stronger US dollar.
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…
NESG, FG Call for Actionable Solutions to Translate Economic Reforms into Jobs, Shared Prosperity The Federal Ministry of Budget and…
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) declined to $1.04 in 24 hours, while Bitcoin is slightly up and the broader market is nearly flat, suggesting XRP is underperforming rather than simply tracking market beta.
NVIDIA Tokenised bStocks (NVDAB) plunged 7.40% in the last 24 hours to $160.25 on Thursday as semiconductor company Nvidia shares lost momentum.
Ethereum (ETH) price plunged to $2.06K on Wednesday as selling pressure intensified after hotter-than-expected US inflation and concerns about Federal Reserve rate hikes.
Ripple (XRP) price dropped by 5% in the last 24 hours to $1.05 on Wednesday as investors continue selling crypto assets amid dampened sentiment, exchange trading data revealed.
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.