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Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.
Gold prices hovered around $5,000 per ounce threshold on Friday as global tensions shifted investors’ attentions towards safe-haven assets, while the US dollar lost its allure.
Cryptocurrency
Solana Gains as Cryptocurrency Investors Boost Positions Solana (SOLUSD) is up 1.65% to $87.74 in 24 hours as investors boost positions, modestly underperforming a broader market bounce led by Bitcoin’s +2.63% gain. Solana faces a tug-of-war between institutional paper losses…
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Seplat Fires Up, Investors Bet on Tony Elumelu for Capital Gain Nigeria’s top energy company, Seplat Plc, has hit its all-time high in the stock market, gained 10% following a significant block trade transaction, according to stockbrokers. The energy stock…
Politics
ADC Faults Senate’s Rejection of e-Transmission of Results African Democratic Congress (ADC) has faulted the refusal by the Senate to approve electronic transmission of election results and voter card downloads aimed at giving credibility to future elections and…
CTC Didn’t Mandate Senate to Reinstate Natasha – Adaramodu The Senate has said that the Certified…
2025 Budget: NASS Seeks Withdrawal of Contracts Circulars The National Assembly has called for the withdrawal…
Vacate PDP Secretariat Within 24 Hours or Face Legal Action, Lawyers/CSOs Tell Police A coalition of…
Financial Product
After Spot Rates Hike, DMO Reopens 7, 10-Year Bonds for Sale After the spot rates hike in December, the Debt Management Office (DMO) is scheduled to conduct its monthly Federal Government Bond auction on Monday, with three reopening instruments. The…
Inside Africa
Ghana Recalls High Commissioner to Nigeria President John Mahama of Ghana has recalled the country’s High Commissioner to Nigeria, Baba Ahmed, over alleged links to electoral malpractices in Ghana’s parliamentary election primaries for Ayawaso East Constituency. A statement issued by…
Burkina Faso’s Economic Resilience Amid Challenges Commendable -IMF Burkina Faso continues to drive economic resilience amid…
Equatorial Guinea’s economic activity is estimated to have contracted by 6.4% in 2025, owing to a large fall in hydrocarbon production, the International Monetary Fund (IMF) hinted following a meeting with the authorities.
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UN Launches $400m Appeal for 2026 UN High Commissioner for Human Rights, Volker Türk, has launched a $400 million appeal for 2026 as his…
Russia Expels German Diplomat in Tit-for-Tat Move Russia has declared a staff member of the German embassy in Moscow persona non grata in response…
Spain to Ban Social Media Access for Children Under 16 Pedro Sánchez, Spain’s Prime Minister, said on Tuesday at the World Government Summit in…
Indonesia Lifts Ban on Elon Musk’s Grok Chatbot After Compliance Pledge Indonesia has lifted its ban on Elon Musk’s Grok chatbot, just weeks after…
