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The Central Bank of Nigeria (CBN) hiked treasury bill rates after the authority kept the monetary policy rate at 26.5% last month as inflation accelerated toward 16%.
Nigeria Treasury Bills Yield Rises 13bps on Sell Orders The average yield on Nigerian Treasury bills rose by 13 basis points in the secondary market…
Cryptocurrency
The crypto market capitalisation plunged to $2.1 trillion over 24 hours, primarily driven by a massive cascade of liquidations that amplified selling pressure.
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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
I’II Scrap Federal Character Principle if Elected President – Amaechi A former Minister of Transportation, Rotimi Amaechi, says he will scrap the federal character principle if elected president in 2027, insisting that all Nigerians should enjoy equal citizenship…
Tinubu Threatens to Intervene in Implementing Local Govt. Autonomy President Bola Tinubu warns that he will…
PDP Expels Wike, Fayose, Anyanwu, Others for Anti-Party Activities PDP has expelled the Minister of the…
Dalori Takes Over as APC National Chairman After Ganduje’s Shock Resignation In a surprise move, Abdullahi…
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
Fitch Ratings has upgraded South Africa’s Long-Term Issuer Default Ratings (IDRs) to ‘BB’ from ‘BB-‘ with an outlook accorded as stable.
Kenya’s private sector activity deteriorated in May 2026, according to Stanbic IBTC Purchasing Managers’ Index (PMI) report released by S&P Global on Thursday.
The Zambian authorities’ tender offer to buy back its Bond B does not constitute a distressed debt exchange (DDE), Fitch Ratings says.
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Wall Street Surges to Record Highs as AI, Tech Stocks Rally Wall Street powered to fresh record highs as AI and technology stocks surged…
British Health Secretary Resigns as Starmer Faces Leadership Challenge British Health Secretary Wes Streeting resigned from the government on Thursday, deepening the political crisis…
Iran Opens Strait of Hormuz to Chinese Ships Some Chinese ships, in compliance with Iranian management protocols, since Wednesday night have been allowed to…
Global markets are trading mixed as investors monitor prospects for easing United States (US)-China tensions ahead of the expected meeting between President Donald Trump and President Xi Jinping.
