- Nairobi Securities Exchange Climbs on Automobile, Telecom Stocks Rally
- Nigeria’s Headline Inflation Rate Climbs to 15.93% in May
- Ethereum Gains 9% as Bitmine Immersion Tech. Boosts Holdings
- AFC Backs Dangote Fertiliser Expansion with $600m Loan
- XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow
- Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable
- Money Market Rates Mixed as Banking System Liquidity Dips
- CBN to Open N1trn Worth of Treasury Bills for Subscription
Economy
Nigeria’s headline inflation climbed to 15.93% in May 2026, 24 basis points (bps) higher than
The Central Bank of Nigeria (CBN) rejected subscriptions totalling N4.9 trillion staked on OMO bills by the eligible market participants at the auction conducted on Tuesday.
Up by about $510 million in 2026, Nigeria’s foreign reserve hit its highest in the last 8 years, driven by an increase in crude oil production and relative commodity price stability.
The Nigerian Interbank Offered Rate (NIBOR), the benchmark interest rate for short-term, unsecured lending, rose as the Central Bank of Nigeria (CBN) monetary auctions triggered liquidity fluctuation in the money market last week.
Global Growth Outlook to Remain Stable Amidst Headwinds The latest global growth projections from the…
After Spot Rates Hike, DMO Reopens 7, 10-Year Bonds for Sale After the spot rates…
Gold prices hovered around $5,000 per ounce threshold on Friday as global tensions shifted investors’ attentions towards safe-haven assets, while the US dollar lost its allure.