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The average yield on Nigerian Treasury bills (NTB) climbed by 12 basis points (bps) in the secondary market on Wednesday as investors sold off naira assets.
Nigeria will rake in N6.8 trillion in fiscal windfall from the global energy crisis, which has increased oil prices across grades, BMI, a Fitch Solutions Company, said in a monthly update obtained by MarketForces Africa.
Cryptocurrency
Ripple (XRP) slipped to $1.10 on Thursday from $1.13, as the price failed to respond positively to improved fundamentals and underperformed a slightly positive broader market.
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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
Minister of Works, Dave Umahi, has issued a 72-hour ultimatum to contractors handling the Abuja-Lokoja road to fully mobilise to site and utilise funds already released by the Federal Government.
INEC Lacks Capacity to Conduct E-Voting – Senate The Senate has said that the Independent National…
Electoral Act Passage: ADC Accuses Senate of Delay Tactics African Democratic Congress (ADC) has accused the…
Rep Quits ADC Over Leadership Crisis Leke Abejide, member representing Yagba Federal Constituency, Kogi, has left…
Financial Product
Consumer spending patterns are shifting in ways that matter deeply to investors and policymakers tracking emerging markets. Digital leisure, encompassing streaming subscriptions, online gaming platforms, and connected device upgrades, is increasingly claiming a larger share of household discretionary budgets.
Inside Africa
WHO Chief Urges Uganda to Reconsider Congo Border Closure Over Ebola The Director-General of the World Health Organisation (WHO), Tedros Ghebreyesus, has urged Uganda to reconsider its decision to close its border with the Democratic Republic of Congo over the…
The South African Rand climbed ahead of the country’s gross domestic product (GDP) data scheduled for release on Tuesday, as the debt office planned to auction local bonds.a
The Executive Board of the International Monetary Fund (IMF) has announced the approval of Rwanda’s request for a 38-month arrangement under the Extended Credit Facility (ECF) with access to SDR 185.031 million (115.5 per cent of quota) and authorised an immediate disbursement of SDR 26.433 million (about US$35.7 million).
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