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The Central Bank of Nigeria (CBN) hiked treasury bill rates after the authority kept the monetary policy rate at 26.5% last month as inflation accelerated toward 16%.
The outlook for an interest rate cut in Nigeria has turned negative, as disinflation reversed amid the global energy crisis triggered by the U.S.-Iran war in the Middle East.
Cryptocurrency
Ethereum (ETH) price is struggling to rebound after slipping 8% to $1,730 on Thursday amid bearish action driven by relentless institutional selling via spot ETFs and a cascade of leveraged long liquidations.
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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…
Labour Party Commences Congresses in March — Otti Labour Party will commence nationwide congresses from March…
I’ll Defeat Tinubu in 2027 If Given ADC Ticket – Rotimi Amaechi Former Minister of Transportation,…
Tinubu Threatens to Intervene in Implementing Local Govt. Autonomy President Bola Tinubu warns that he will…
Financial Product
Consumer spending patterns are shifting in ways that matter deeply to investors and policymakers tracking emerging markets. Digital leisure, encompassing streaming subscriptions, online gaming platforms, and connected device upgrades, is increasingly claiming a larger share of household discretionary budgets.
Inside Africa
Kenya’s private sector activity deteriorated in May 2026, according to Stanbic IBTC Purchasing Managers’ Index (PMI) report released by S&P Global on Thursday.
The Zambian authorities’ tender offer to buy back its Bond B does not constitute a distressed debt exchange (DDE), Fitch Ratings says.
Ghana’s private sector recorded an employment boost as business conditions were stable in May, according to the purchasing manager index (PMI) report released by S&P Global today.
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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.
