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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
Coinbase Slashes Its Workforce and Hands the Work to AI Coinbase announced on Tuesday that it is cutting roughly 700 employees, equal to 14 percent of its entire workforce, as CEO Brian Armstrong declared that artificial intelligence has permanently changed…
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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
APC Unmoved by Obi’s Defection Prof. Nantewe Yilwatda, National Chairman of the APC, says the party is unconcerned about Mr Peter Obi’s defection from ADC to NDC. Yilwatda spoke on Wednesday in Abuja during the ongoing purchase and…
I am not desperate to be president–Atiku Former Vice President Atiku Abubakar, PDP presidential candidate in…
Falana Seeks Radical Judicial Reform to Serve Nigerians A Senior Advocate of Nigeria, Mr Femi Falana,…
Justice Minister Faults Atiku’s Comment on Resolved OPL 245 Dispute The Attorney-General of the Federation (AGF),…
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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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…
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UN Alarmed by Escalating Drone Attacks in Sudan The United Nations is alarmed by the escalating drone attacks in Sudan that are endangering civilians.…
