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The Nigerian Overnight Rate (NOFR) steadied as the banking system’s surplus liquidity narrowed following the settlement of the April bond auction.
Investors’ whetted appetites dragged the average yield on Nigerian Treasury bills down by 15 basis points, according to a market update released by Afrinvest Securities Limited.
Cryptocurrency
Solana (SOLUSD) has gained about 2% to $84.18, modestly outperforming a flat altcoin market on optimism over Western Union’s move to launch a stablecoin on the network.
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Samsung Electronics Q1 Earnings Jump, Flags Market Pressure Samsung Electronics has reported a 43 per cent rise in first-quarter revenue to 133.9 trillion Korean won, its highest quarterly performance, despite weak demand for displays and telecoms. The company disclosed this…
Politics
Rep Quits ADC Over Leadership Crisis Leke Abejide, member representing Yagba Federal Constituency, Kogi, has left the African Democratic Congress (ADC), citing what he described as the party’s hijack by coalition leaders. In a statement issued on Friday…
PDP Counting Down to its Expiration — APC The Lagos State chapter of the All Progressives…
Tinubu Seeks Amendment to Federal High Court Act President Bola Tinubu has urged the Senate to…
Sokoto, Kebbi Superhighway to Gulp N3 Trillion –Umahi The Minister of Works, Sen. David Umahi, says…
Financial Product
Nobody deserves to be jobless in Nigeria, where the cost of living is already killing the living. Personal leverage can eliminate joblessness for anyone who understands business, especially for those with near-inelastic demand – simply put, services people require daily.
Inside Africa
The Nairobi Securities Exchange (NSE) All-share index (ASI) declined as investors pulled profits by selling Longhorn, Kenyan Airways, Unga Group, Express Kenya, and Britam shares.
The South African Rand weakened across the board, trading lower against the US dollar, the Euro and the British pound, on Tuesday as gold, the country’s major export earner, came under pressure.
Johannesburg Stock Exchange (JSE) is set for a softer opening following a sluggish prior close, with Asian markets broadly lower and Tencent down 0.46%, offering a slightly negative read-through for Naspers and Prosus.
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U.S. War in Iran Cost $25bn so Far, Says Pentagon Official The United States’ war in Iran has cost 25 billion dollars so far,…
U.S. President Donald Trump is not satisfied with Iran’s latest peace proposal, which seeks to reopen the Strait of Hormuz and end the U.S. naval blockade of Iran’s ports, U.S. media reported, citing several White House officials.
UN Opens Public Hearings as Race to Succeed Guterres Intensifies Former Senegalese President, Macky Sall, and three others will present visions in public UN…
Iran Seeking Permanent End to Wars, not Temporary Ceasefire — Deputy FM Iran’s Deputy Foreign Minister Saeed Khatibzadeh says his country is seeking a…
