The fixed income market recorded a rush for Nigerian treasury bills on Thursday, following the monetary authority’s rejection of 60% of total subscriptions at the main auction on Wednesday.
Nigeria’s economy is experiencing steady growth, President Bola Ahmed Tinubu told delegates from Deloitte Africa in Abuja on Wednesday.
The Federation Account Allocation Committee (FAAC), has shared N2.550 trillion among the Federal Government
Ms Omolola Oloworaran, the Director-General of the National Pension Commission (PenCom)
Nigeria’s Frontier Market Story: Reassuring Global Investors Beyond Index Inclusion For Nigeria to strengthen its position as a credible frontier…
The Federal Government, through the Debt Management Office (DMO), has announced two savings bonds for subscription in July.
CBN Hikes Interest Rates on Treasury Bills, Allots N1.1trn The Central Bank of Nigeria (CBN) hiked spot rates on Treasury…
Trading in Nigerian government bonds was mostly bearish, with investors trimming positions
Nigeria’s improved value-added tax (VAT) collection continues to drive growth in the non-oil sector, resulting
Alternative investment market
Ripple (XRP) price is holding flat around $1.09 over the last 24 hours, roughly unchanged on the day
Pi Network surges by 10.5% in 24 hours to $0.09344, significantly outperforming a broadly flat crypto market,
Cardano (ADA) price declined slightly by 0.5% to $0.1652, underperforming a slightly positive broader market, primarily driven by a “sell-the-news” reaction to its major network upgrade.
Bitcoin price is up 1.07% in 24 hours to $64,619, outperforming the broader market, which gained 0.93%, primarily driven by renewed institutional demand via spot ETFs.
Companies
Fidelity Bank Plc.’s share price increased by 15% as investors continue to bet on the Tier-2 lender’s future earnings
INSIDE AFRICA
Rwanda Spends $32m on Fuel Subsidies in 4 Months- Minister The Rwandan government said it has spent nearly 48 billion Rwandan francs (about 32 million dollars)…