Excess liquidity in the banking system, which peaked above N6 trillion, shrank due to outflows relating to the settlement of OMO and Nigerian Treasury bills sold at the primary market auctions.
Nigeria Has No Immediate Need For IMF’s Support – Edun The Minister of Finance, Wale Edun, says Nigeria has no immediate plans to approach the…
Cryptocurrency
Hyperliquid (HYPEUSD) gained 6.34% to $62.47, significantly outperforming a flat broader market, primarily driven by its massive, protocol-enforced buyback program.
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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…
Fubara Commends Cabinet Members, Relieves Commissioners of Appointments Gov. Siminalayi Fubara, of Rivers, has expressed gratitude…
Atiku Resigns from PDP, Says Decision Heart-Breaking Former Vice-President Atiku Abubakar has formally resigned his membership…
Alleged Terrorism Financing, Abacha Loots: EFCC Detains Ex-AGF Malami The Economic and Financial Crimes Commission (EFCC)…
Financial Product
One of the top Nigerian lenders, GTBank Limited, has set a $20,000 quarterly spending limit on its naira debit card, according to a check by MarketForces Africa.
Inside Africa
Moody’s Ratings (Moody’s) has changed the outlook on the Government of South Africa to positive from stable and has affirmed the Government of South Africa’s domestic and foreign-currency long-term issuer and senior unsecured ratings at Ba2.
Togolese authorities and the International Monetary Fund (IMF) reached a staff-level agreement on economic policies and reforms to complete the combined third and fourth reviews of the authorities’ economic reform program supported by the Extended Credit Facility (ECF) arrangement.
World Bank to Scale up Africa Guarantees to $6.4bn by 2030 The World Bank Group says…
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.