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Excess liquidity in the financial system, totalling N6.2 trillion, kept short-term money market rates steady as banks continue to place funds with the Central Bank.
The South African Rand is holding up well against major crosses, including the US dollar, Euro and British Pound (GBP), following yesterday’s rally, First National Bank (FNB) said in its daily market insight on Thursday.
Cryptocurrency
Stoked by negative sentiment, Bitcoin (BTC). Ethereum (ETH) and Ripple (XRP) prices declined on Friday amid US-Iran tensions, triggering a fresh cryptocurrency selloff.
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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
Senate Passes 2026 Electoral Act Amendment Bill The Senate has passed the 2026 Electoral Act Amendment bill, with a focus on the court’s jurisdiction in handling pre-election matters. The passage followed the Committee on INEC’s report presentation by…
Senate Defections: Umeh, Abaribe Dump ADC Sen. Victor Umeh(ADC-Anambra) and Sen.Enyinnaya Abaribe (ADC-Abia) on Tuesday announced…
ADC Urges Transparency in Nigeria–France Digital Tax Deal African Democratic Congress (ADC) on Sunday called for…
Tinubu Threatens to Intervene in Implementing Local Govt. Autonomy President Bola Tinubu warns that he will…
Financial Product
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
Inside Africa
South African Rand Gains as Gold Rises, Oil Prices Ease The South African Rand rallied against the US dollar, the euro, the British pound, and the Japanese yen on Wednesday as easing Middle East tensions drove gold prices higher. The…
The Central Bank of Kenya (CBK) is scheduled to reopen three Treasury bonds on Wednesday as the authority anticipates a large payout in May.
The South African rand weakened against major crosses in the foreign exchange market as investors sought positions in safer global currencies amid geopolitical pressures.
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