The Central Bank of Nigeria (CBN) raised N2.9 trillion from OMO bills at Tuesday’s primary market auction to mop up excess liquidity in the financial system.
Wall Street and the FTSE 100 climbed as demand for shares in Artificial Intelligence
The Federal Government of Nigeria has ruled out restoring the fuel subsidy and multiple exchange rates
The Nigerian local currency unit, the naira, weakened against major currencies in the foreign exchange market …
Fitch Ratings has revised the outlook on Nigeria’s Long-Term Issuer Default Ratings (IDRs) to positive from stable and affirmed the IDRs at ‘B’.
The Nigerian Bulk Electricity Trading (NBET) says it has begun settling legacy debts…
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The Lagos State Government is planning to issue a ₦200 billion bond for investor subscription under the ₦1 trillion
Money market rates were broadly stable as excess liquidity in the Nigerian financial system topped N7 trillion, reflecting the Apex Bank’s lack of significant mop-up actions.
The Central Bank of Nigeria (CBN) allotted about N245 billion in OMO bills to investors across two short tenors at the open market operation conducted to mop up excess liquidity.
Alternative investment market
XRP held firm at $1.25 on Monday as Ripple gained institutional custody via BNY Mellon, raising expectations that the token will meet crypto analysts’ price target. In the last 24 hours, trading volume rose about 65% to $1.3 billion, data from top cryptocurrency exchanges revealed.
NVIDIA Tokenised bStocks (NVDAB) gained 1.26% to $207.59 on Monday, outperforming a flat broader
Bitcoin (BTC) staged a rebound, rising near $80k on Monday as Strategy Inc. and Strive Asset Management boosted optimism among risk-asset investors.
Ethereum (ETH) price climbed by about 1% to $2,279.16 in 24 hours, while Bitcoin fell 0.35%
Companies
Dangote Cement Plc delivered one of the strongest weekly rallies on the Nigerian Exchange this year.
INSIDE AFRICA
The South African Rand traded steady against Western currencies, the US dollar, the euro, and the British pound on Monday as gold rebounded amid uncertainty in the global commodity market.