Year: 2024

Riskoff Sentiment on Nigeria Bonds Provokes Yield Surge The average yield on Nigerian government bonds spiked due to risk off…

Nigeria Treasury Bills Yield Shrinks 2bps to 25.6% The average yield on Nigerian Treasury bill shrank by 2 basis points…

FCT-IRS Pledges Aggressive Enforcement Against Tax Defaulters in 2025 The Federal Capital Territory Internal Revenue Service (FCT-IRS) says it will…

Chinese Yuan Strengthens 7.1901 Against Dollar The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 10…

Enugu to Spend N320.6bn on Education The Enugu State Government in 2025 is to spend N320.6 billion on the education…

Oil Prices Rebound on U.S, China Demand Expectations Oil prices edged higher on Thursday on a positive demand outlook in…

The Federal Government has unveiled a free Artificial Intelligence (AI) Academy with the aim of positioning Nigeria as a leader in the global digital economy. The Minister of Innovation, Science and Technology, Chief Uche Nnaji, who inaugurated the AI Academy on Thursday in Abuja, said the programme was set up in partnership with the Commonwealth Secretariat and Intel Corporation.

The average yield on Nigeria’s Eurobond rose as foreign portfolio investors (FPIs) liquidated positions amidst U.S. interest rate cuts. The risk-off reactions followed sustained monetary easing in the U.S. amidst expectations that a rate cut would cause a flight to safety in 2025.

Supreme Court, NAHCON, Others Fail ICPC Integrity Scorecard The ICPC has revealed that the Supreme Court of Nigeria, the National…

Liquidity Deficit in Banking System Keeps Interbank Rates Elevated The liquidity deficit in the banking system kept the short-term benchmark…