Interbank rates were mixed last week as banking system liquidity declined by approximately 21% to close at about N3 trillion. The liquidity drop was primarily attributed to outflows associated with Open Market Operations (OMO) and the settlement of Nigerian Treasury bills auctions.
NPA Expects 39 Ships in Lagos The Nigerian Ports Authority (NPA) says 39 ships carrying petroleum products, food items and…
FG Tightens Budget Rules, Bars MDAs from Awarding Unfunded Contracts The Federal Government has barred Ministries, Departments and Agencies (MDAs)…
FGN Offers 2 Savings Bonds for Subscription at N1,000 Per Unit The Debt Management Office (DMO), on behalf of the…
Wall Street came under pressure as US equities sold off amidst earnings releases…
Interbank Rates Diverge as Financial System Liquidity Declines Interbank rates diverge as financial system liquidity reduced week on week to…
The Central Bank of Nigeria (CBN) is scheduled to auction Nigerian Treasury bills totalling N700 billion…
Trading activity in the Nigerian Treasury bills (NTB) secondary market was mildly positive…
The Debt Management Office (DMO) under-allotted Federal Government of Nigeria (FGN) bonds to investors despite a top-notch subscription level at the auction conducted on Monday.
Alternative investment market
Hyperliquid (HYPE) price rose 4.43% to $54.70, significantly outperforming Bitcoin’s +1.05% gain, primarily driven by strong protocol fundamentals and deflationary token burns.
Cardano price topped $0.19 on Monday following an additional 2% gain, slightly outperforming a flat Bitcoin, driven by investor anticipation for its next major upgrade phase and aggressive whale accumulation.
Nigeria Revenue Service Backs Unified Crypto Framework The Nigeria Revenue Service (NRS)…
Ripple (XRP) price is down 1.45% to $1.06, driven by broader crypto market weakness
Companies
Academy Press Earnings Underperform, Revenue Tumbles by 51% Academy Press Plc opened the 2026 financial year with a significantly weaker…
INSIDE AFRICA
Africa May Face Strongest El Nino in Decades, AU Experts Warn Africa could experience its strongest El Nino event in decades from November, with climate experts…