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
Binance Coin (BNB) price is up 1.22% to $573.14, slightly outperforming a flat Bitcoin and primarily driven by beta movement with the broader crypto market.
Global Crypto Market Cap Rises as Investors Rotate Capital to Altcoins The…
Ethereum (ETH) price is up 2.5% to $1,911, outperforming a flat Bitcoin and primarily driven by sustained institutional accumulation via spot ETFs and on-chain staking demand.
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.
Companies
BUA Cement Plc grew profit by 80% year on year amidst a tough operational environment…
INSIDE AFRICA
ECA urges Africa to boost domestic resources for industrialisation The Economic Commission for Africa (ECA) has urged African countries to strengthen domestic resource mobilisation to finance…