Risk-off: Nigerian Eurobonds traded under selling pressure as higher U.S. Treasury yields and profit-taking weighed on investor sentiment in the international debt market.
The Debt Management Office (DMO) under-allotted Federal Government of Nigeria (FGN) bonds to investors despite a top-notch subscription level at the auction conducted on Monday.
Nigeria is expected to prioritise macroeconomic stability by keeping its monetary policy rate (MPR) at 26.5% at the end of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting this week.
Nigeria’s economy is experiencing steady growth, President Bola Ahmed Tinubu told delegates from Deloitte Africa in Abuja on Wednesday.
The Federation Account Allocation Committee (FAAC), has shared N2.550 trillion among the Federal Government
Ms Omolola Oloworaran, the Director-General of the National Pension Commission (PenCom)
Nigeria’s Frontier Market Story: Reassuring Global Investors Beyond Index Inclusion For Nigeria to strengthen its position as a credible frontier…
The Federal Government, through the Debt Management Office (DMO), has announced two savings bonds for subscription in July.
CBN Hikes Interest Rates on Treasury Bills, Allots N1.1trn The Central Bank of Nigeria (CBN) hiked spot rates on Treasury…
Alternative investment market
Monero (XMR) price is up 3.61% to $364.41 after key updates, significantly outperforming a declining Bitcoin, supported by a technical breakout and strong momentum.
Bitcoin (BTC) and other top digital assets dropped as sell pressure ….
XRP Dips, Ripple Launches Ripple Mint for RLUSD Stablecoin XRP price declined…
Wall Street Bets Drive Crypto Market Shift, Tokenisation Opens New Frontier Unlike…
Companies
BUA Cement Plc grew profit by 80% year on year amidst a tough operational environment…
INSIDE AFRICA
Africa Must Control its Resources, Trade – Shettima Vice President Kashim Shettima says African nations must take their rightful place in controlling the continent’s resources and…