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.
NPA Says 21 Ships to Berth at 3 Lagos Ports The Nigerian Ports Authority (NPA) says 21 ships laden with…
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…
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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
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
Ethereum (ETH) extended its rally, rising 11.07% to $2,321.00, significantly outperforming Bitcoin’s +6.41% move, driven primarily by a macro liquidity spark that ignited institutional buying and a massive short squeeze.
Ripple (XRP) price is up about 16% to $1.23, outperforming a strong market rally, driven primarily by a major partnership announcement for institutional lending on the XRP Ledger.
Bitcoin (BTC) price rose by 6.27% in the last 24 hours to $72,508, leading a broad market rally, driven primarily by a major macro liquidity signal from the US Treasury and optimism surrounding Citigroup’s venture into BTC custody services.
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