Driven by a slide in the overnight lending rate, funding costs in the money market…
NPA Says 21 Ships to Berth at 3 Lagos Ports The Nigerian Ports Authority (NPA) says 21 ships laden with…
The Minister of Finance and Coordinating Minister of the Economy, Prof. Taiwo Oyedele
Nigeria’s headline inflation rate is projected to decrease in July, influenced by fluctuating global oil prices
SEC Sets 5 p.m. T+1 Settlement Deadline The Securities and Exchange Commission (SEC) has fixed 5:00 p.m. on the first…
CIBN Urges Banks to Deploy Recapitalised Funds to MSMEs The Chartered Institute of Bankers of Nigeria (CIBN) has urged banks…
Japan Commits $3.5m Grant to Boost Nigeria’s Rice Seed Production The government of Japan on Monday provided about 587 million…
The global equities market delivered mixed performance, with US stocks closing steady
Scott Bessent’s three coordinated moves signal Washington is worried about something bigger than yields
The average yield on Nigerian Treasury bills increased as investors trimmed positions in the secondary market amid sustained deceleration in inflation.
Money market funding rates eased ahead of anticipated inflows of more than N2 trillion from NGOMOB, a financial market ticker prefix used for Open Market Operations (OMO) zero-coupon bills and short-term securities issued by the Central Bank.
Alternative investment market
Bitcoin (BTC) price rose 6.42% to $77,118 as opportunistic buyers entered the cryptocurrency market, driving a broader market rally.
Cardano (ADA) price climbed by 11% to $0.220, outperforming a broader market rally
Extending its rally, Ethereum (ETH) price climbed 5.38% over the past 24 hours to $2,375 on Thursday, outperforming the broader market, driven primarily by a powerful macro catalyst and a massive short squeeze.
Bitcoin (BTC) price increased by 8.45% in 24 hours, topping $75K in the latest rally amid euphoria over a US Treasury liquidity signal from the buyback plan.