- Bitcoin Price Rises to $80k on Force Buying, Oversold Rebound
- Court to Deliver Judgment in El-Rufai’s N10bn Rights Suit
- Naira Dips Near N1,348 on FX Demand, Supply Imbalance
- Transcorp Power Spikes 10% as Investors Stake Post-Earnings Bets
- Transcorp Power, Banks Stock Drive Equities Rally, NGX Index Rises
- Senate Receives Tinubu’s Request for N10.79trn External Borrowing
- Interest Rates on Nigerian Treasury Bills Fall Across Tenors
- SK Hynix Tokenised Stock Dips 4% as Asian Tech Shares Fall
Author: Folasade Olugbade
Folashade Olugbade is a financial news reporter with interest in alternative investments, and foreign exchange trading and other related beats. A master degree holder in Economics with more than 7 years risk asset trading expertise.Olugbade has stint in reporting fintech, oil, gas and energy markets.
Tony Elumelu to Empower 3,200 African Entrepreneurs Across 54 Countries In a move to reaffirm his commitment to empowering African entrepreneurs, Chairman of Heirs Holdings, UBA Group and Founder of the Tony Elumelu Foundation (TEF), Tony O. Elumelu, CFR, has announced 3,200 beneficiaries for the 2026 TEF Entrepreneurship Programme. The announcement, made in Abuja, coincides with the philanthropist’s annual reflection on impact, purpose, and the transformative power of entrepreneurship across the African continent. In his annual letter, Elumelu emphasised that opportunity and prosperity can be intentionally created and scaled, saying, “Hope is not just a feeling, it is a system…
The Nigerian Exchange (NGX) regulator has lifted its suspension on Zichis Agro-Allied shares following the conclusion of its probe into the company’s sharp price movement.
With a market cap of N129 trillion, the Nigerian Exchange (NGX) sustained its bullish run on Tuesday, as investors gained N687 billion amid continued buying interest in key equities.
CBN to Open N1.05trn Nigerian Treasury Bills for Subscriptions The Central Bank of Nigeria (CBN) is set to conduct its third Treasury Bills auction for the month on Wednesday, amidst liquidity surplus in the financial system. The Apex Bank, through the Debt Management Office (DMO), will float a total of N1.05 trillion in Nigerian Treasury bills for subscription across three maturities. At the midweek primary market auction, Nigerian Treasury bills with a 91-day maturity worth N100 billion will be available for investors. Additionally, the CBN will offer N150 billion in 182-day bills for subscription. One-year Treasury bills totalling N800 billion…
BTC Hits $75k as Hedging Activity Creates Forced Demand Bitcoin (BTC) touched $75,000 on Tuesday, boosted by hedging activities in a volatile cryptocurrency market. The price surged above $75,000, peaking near $75,800, breaking through a resistance range of $73,750 to $74,400 that had limited previous rallies since 2024. This price movement was closely linked to derivatives activity, with analysts indicating that the rally was primarily driven by traders unwinding bearish put options rather than a significant increase in new spot purchases. BTC has since pulled back to $74.4k amidst fluctuating trading volume. Traders noted that Bitcoin’s brief rise was mostly…
Nigeria’s Inflation Drops to 15.06% in February
The interest rate differential between Open Market Operations (OMO) and Nigerian Treasury bills has widened significantly, driven by the Central Bank of Nigeria’s (CBN) decisive actions to draw hot money into the economy.
A pullback in the stock market reduced the market capitalisation of fast-moving consumer goods company UAC Nigeria Plc below $300 billion, from its 52-week high.
The Nigerian Eurobonds segment ended negatively, with average yields rising 4bps to 7.25%, reflecting reduced demand and cautious sentiment among global investors.
OFFICIAL TRUMP is up 39.53% to $3.88 over 24h, dramatically outperforming a broader market that is also positive, primarily driven by a social media-fueled trading frenzy.