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Money market analysts anticipate that robust primary market repayment of N2.4 trillion will play a pivotal role in strengthening liquidity in the financial system. This anticipated surge in liquidity is primarily driven by inflows from matured Open Market Operations (OMO) and Treasury bills.
11 Ships Laden with Various Commodities Arrive Lagos Ports Twelve ships have arrived Lekki, Tincan and Apapa ports in Lagos, waiting to discharge diesel, crude…
Cryptocurrency
Ripple (XRP) gained about 2% in a fresh rally, trading at $1.37 as investors hedged against the U.S. consumer price index. Inflation drove trading volume higher on Monday.
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Nigeria, 60 Others Endorse Standards for AI-generated Imagery Nigeria has joined over 60 global regulators in establishing stringent standards for AI-generated imagery, aiming to curb deepfakes and non-consensual content. This is contained in a statement issued by Babatunde Bamigboye, Head,…
Politics
El-Rufai Files N1bn Suit Against ICPC Former Gov. Nasir El-Rufai of Kaduna State has filed a N1 billion fundamental rights enforcement suit against the Independent Corrupt Practices and Other Related Enforcement Commission (ICPC) over alleged unlawful invasion of…
CTC Didn’t Mandate Senate to Reinstate Natasha – Adaramodu The Senate has said that the Certified…
Alleged Fraud: AGF Takes Over Mike Ozekhome’s Trial The Attorney-General of the Federation and Minister of…
Tinubu’s Reforms Now Global Reference Point — World Bank The World Bank has commended President Bola…
Financial Product
The average yield on Nigerian Treasury bills rose 8 basis points to settle at 17.31%, reflecting diminished investor sentiment and a less supportive climate in the secondary market.
Inside Africa
Zambia’s growth projections for 2025 and 2026 have been revised downward, the International Monetary Fund said in a statement as fiscal pressures emerge.
African Policymakers Renew Push for Visa-Free Travel African policymakers, business leaders, and development institutions have renewed…
Egypt has unlocked access to a $2.3 billion loan from the International Monetary Fund (IMF) following the completion of the Fifth and Sixth Reviews Under the Extended Arrangement Under the Extended Fund Facility and First Review Under the Resilience and Sustainability Arrangement.
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British Pound Dips as High Gas Prices Stoke Inflation Fears British pound or Sterling slid to a three-month low of $1.33 on Monday, extending…
Ukraine Strikes Russian Port Facilities Ukrainian forces said on Tuesday that they struck a major oil terminal and a naval base in Russia’s southern…
China Declares Readiness to Begin its 15th Five-Year Plan Liu Jieyi, Deputy Secretary-General of China’s top political advisory body and spokesperson for the Chinese…
Iran Says Strait of Hormuz Closed, Warns it’ll Attack Ships Trying to Pass Iran says the Strait of Hormuz is closed and it will…
