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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
Solana (SOLUSD) spiked by about 6% in 24 hours to $93.42 on market optimism after Exodus launched an AI stablecoin on the Solana network. Reflecting investors’ optimism, Solana trading volume jumped 20% to about $5 billion at the last look on Saturday.
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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
Former President Goodluck Jonathan has challenged a lawsuit seeking to bar him from the 2027 presidential election, filed by a lawyer, Johnmary Jideobi.
2027 Election: INEC Resumes CVR in Oyo The Independent National Electoral Commission (INEC) will resume the…
The Labour Party has announced the postponement of its scheduled congresses and national convention, earlier billed to commence on Thursday, March 26, 2026.
President Bola Tinubu on Tuesday received former Minister of Transportation, Sa’idu Alkali, at the State House ahead of Tuesday’s resignation deadline.
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
Fitch Ratings has affirmed Angola’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B-‘ with a stable outlook. Angola’s ratings reflect weak governance indicators, high inflation, high levels of foreign-currency-denominated government debt and one of the highest commodity dependences among Fitch-rated sovereigns, Fitch said.
Fitch Upgrades Ghana to ‘B’; Outlook Positive Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer…
S&P Global Ratings affirmed its ‘CCC+’ long-term and ‘C’ short-term sovereign credit ratings on Burkina Faso, with a stable outlook accorded.
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Macron Urges Instant Reopening of Hormuz Strait French President Emmanuel Macron has called for “all parties” to lift the blockade of the Strait of…
Trump Says op to Break Iran’s Strait of Hormuz Blockade to be Paused U.S. President Donald Trump on Tuesday said that “Project Freedom,” the…
Russia Raids Gas Extraction Facilities in Ukraine Russia carried out strikes on Ukraine’s gas extraction facilities on Tuesday, killing five people and injuring 37…
UN Alarmed by Escalating Drone Attacks in Sudan The United Nations is alarmed by the escalating drone attacks in Sudan that are endangering civilians.…
