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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%.
Nigeria Treasury Bills Yield Rises 13bps on Sell Orders The average yield on Nigerian Treasury bills rose by 13 basis points in the secondary market…
Cryptocurrency
Ethereum price (ETHUSD) dropped by about 10% in 24 hours to $1,598.17, underperforming Bitcoin’s 3.92% drop, primarily driven by a cascade of leveraged long liquidations amid a broad altcoin market crash.
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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…
Senate Replaces Natasha Akpoti-Uduaghan with Bassey as Diaspora Committee Chair The Nigerian Senate has made a…
Atiku Warns Of Constitutional Breach over Tax Acts Gazetting Former Vice President of the Federal Republic…
I’II Scrap Federal Character Principle if Elected President – Amaechi A former Minister of Transportation, Rotimi…
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
Fitch Ratings has upgraded South Africa’s Long-Term Issuer Default Ratings (IDRs) to ‘BB’ from ‘BB-‘ with an outlook accorded as stable.
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.
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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.
