Year: 2024

The spot rate on one-year Treasury Bills (NTBs) issued by the Central Bank of Nigeria (CBN) increased by 50 basis points to 23.50% during the recently concluded primary market auction.

Bank of Industry Raises $5bn, Plans N120bn MSME Support The Managing Director of Bank of Industry (BoI), Mr Olasupo Olusi,…

Nigeria Eurobonds Rally as Foreign Investors Eye Attractive Yield Amidst a plan to raise $2.2 billion in external borrowing, Nigeria’s…

Bitcoin (BTC-USD) prices spiked above $99,300 early Friday as excitement over improved regulation continues. This has lifted the global crypto market cap to $3.3 trillion during the early trading session, a 3.80% increase over the last day.

Trading activities on Nigerian Treasury bills boomed in the secondary market after the spot rate on the 364-day paper was adjusted by 50 basis points to 23.50% during midweek auction.

The short-term benchmark interest rates have continued to rise as the financial system’s liquidity balance collapsed due to an outflow associated with Treasury bill payments.

Naira Mixed as Markets Brace for $2.2bn External Borrowing The naira appreciated on the strength of external borrowing approval, FX…

Sanwo-Olu Presents N3trn 2025 Budget to House of Assembly Governor Babajide Sanwo-Olu of Lagos has presented a N3,005,935,198,419,3,005,935,401 budget proposal…

The Central Bank of Egypt (CBE) kept its interest rate unchanged at a record high of 27.25% in November 2024, for the eighth consecutive month, reflecting global and domestic economic conditions.

The South African Reserve Bank (SARB) slashed its key interest rate by 25 basis points to 7.75% in line with analysts’ estimates.