- Bitcoin Sinks 5.3% as Ark, BlackRock IBIT Lead ETF Outflow
- Nigeria Risks Remaining AI Consumer Without Local Infrastructure
- Polaris Bank Dismisses Fatality Rumours after Lagos Branch Fire
- No Nigerian Willing to Leave S/Africa ‘ll be Abandoned — FG
- Stakeholders Urge Deeper Reforms, PPPs to Transform Energy Sector
- Oil Prices Correction Extends as US-Iran Sign Interim Deal
- South African Rand Dips on Weak Macro Indicators, US Fed Tone
- Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates
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.
Market Wrap: Inter-bank rates shaded at Low Single Digits. Interbank funding rates remained subdued at low single digits today, as financial system liquidity opened higher at ₦746 billion from ₦604 billion yesterday.
Average Yield on Nigerian Treasury Bills Drop Further
Operating efficiency Buoys Lafarge WAPCO Earnings
Foreign Exchange Liquidity Remains Weak as CBN Plays Ostrich
CAC to deliver e-services to customers from August 10
Nigeria’s Market Drives Airtel Africa’s Earnings Jumps in Q1
FirstBank Offers Support to SMEs in Education Sector. First Bank of Nigeria Limited has offered to give financial support to Small and Medium Enterprises (SMEs) in Education Sector to cushion the effects of the COVID -19 pandemic.
Analysts Task FG on Private Sector Funding for Capital Projects. Analysts at Cowry Asset Management Limited have advised the Federal Government to use private sector funding for its capital projects.
Interbank Funding Eased on Strong Financial System Liquidity. Interbank funding rates eased further yesterday, as financial system liquidity opened substantially higher at ₦609.1 billion from ₦470.4 billion.
FX: Oil Market Balance Raises Hope for Naira Stability – Afrinvest. Naira position in the foreign exchange market has drastically dropped, but Afrinvest has stated that there is hope for the local currency as oil market balances.