Open repo, and overnight lending rates were steadied despite a surge in liquidity level in the financial system last week. The money market closed with excess liquidity of about N6 trillion despite primary market auctions.
The benchmark yield on Nigerian government bonds increased by 10 basis points week on week in the secondary market, reflecting investors’ risk-off sentiment in the debt instruments.
Cryptocurrency
Bitcoin (BTC) price declined to $76,179.93, underperforming a broadly weaker market, primarily due to a sharp reversal in institutional demand for exchange-traded funds (ETFs).
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The Nigerian Communications Commission (NCC) has noted recent public concerns regarding the quality of telecommunications services in parts of the country.
Politics
Former President Goodluck Jonathan has challenged a lawsuit seeking to bar him from the 2027 presidential election, filed by a lawyer, Johnmary Jideobi.
Atiku Warns Of Constitutional Breach over Tax Acts Gazetting Former Vice President of the Federal Republic…
FG Verifies 110 Constituency Projects Across 6 Geo-Political Zones No fewer than 110 constituency and zonal…
Court Orders Arrest of Tanimu Turaki, PDP Factional National Chairman An Abuja High Court on Thursday…
Financial Product
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
Inside Africa
Nigeria Grants Rwandans 30-day Visa-Free Entry The Nigeria Immigration Service (NIS) says it has completed arrangements to implement a 30-day visa-free entry policy for Rwandan nationals entering Nigeria. The Service Public Relations Officer (SPRO), NIS, Mr Akinsola Akinlabi, disclosed this…
The South African rand or ZAR has weakened against major currencies, trading at R16.56 per U.S. dollar (USD), R19.29 per euro (EUR), and R22.11 per British pound (GBP), First National Bank said in a note on Friday.
Zambia Progresses, Rebuilds Foreign Reserves, Tames Inflation -IMF Zambia has made substantial progress in consolidating hard-won…
Wall Street Surges to Record Highs as AI, Tech Stocks Rally Wall Street powered to fresh record highs as AI and technology stocks surged…
British Health Secretary Resigns as Starmer Faces Leadership Challenge British Health Secretary Wes Streeting resigned from the government on Thursday, deepening the political crisis…
Iran Opens Strait of Hormuz to Chinese Ships Some Chinese ships, in compliance with Iranian management protocols, since Wednesday night have been allowed to…
Global markets are trading mixed as investors monitor prospects for easing United States (US)-China tensions ahead of the expected meeting between President Donald Trump and President Xi Jinping.