- NEAR Protocol Dips 10% Over Alleged Stolen Patented Technology
- XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30
- Bitcoin Drops to $80.5k on Spot ETFS Outflows, AI Stocks Rout
- Naira Touches N1,395 to US Dollar as FX Order Book Surges
- Nigeria’s Gas Reserves Rise 3% to 215.29 Trillion Cubic Feet
- Oil Prices Edge Higher, Brent Rises 5% Week-on-Week to $115
- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
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Pressure Eased on Interbank Rates Day after CRR Debits Pressure on interbank funding rates eased on Tuesday, after yesterday’s Retail secondary market intervention sales (SMIS) auction and cash reserve ratio (CRR) debits by the apex bank. At today’s session’s open, financial system liquidity declined to ₦268.56 billion from ₦778.03 billion previously. Analysts at Chapel Hill Denham said the Open Buy Back and Overnight rates fell to 9.00% and 10.08% respectively from 13.33% and 14.33% previously. Meanwhile, the fixed income market recorded a mixed performance. Analysts at Chapel Hill explained that sentiments were bullish at the front end of the curve,…
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