Excess liquidity in the money market kept funding costs stable at around 22%, reflecting the absence of significant pressure from the Central Bank’s operations.
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
Nigeria’s Domestic Economy Expanded by 3.87% in 2025 – CBN The Central Bank of Nigeria (CBN) says Nigeria’s domestic economy…
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.
The Debt Management Office (DMO) reduced rates on Nigerian Government bonds as the subscription level surpassed the offer size, according to details from auction results obtained.
Alternative investment market
SK Hynix Tokenised bStock (SKHYB) is down 0.58% to $163.44, underperforming a surging crypto market
Bitcoin Gains 8% on U.S. Treasury Policy, Crypto Rulebook Bitcoin is up…
Bargain hunting in top cryptocurrencies drove a 6% surge in global market capitalisation as US yields moderated, shifting attention to digital assets.
Ethereum (ETH) price jumped by about 11% to $2,114.01 on Wednesday, significantly outperforming the broader market rally, driven primarily by a macro-fueled short squeeze.