- AI, Tech Stocks Drive Wall St. to Record High, European Markets Rally
- Nascon Grows Profit by 26% to N19.6 Billion in H1-2026
- US Retail Broker, Wealth Managers Post Record Earnings, Assets 1H2026
- Biodiversity Loss Hitting Africa Hardest, Threatens Food Security – UN
- Oil Prices Slide Below $80 as Markets Price in US-Iran Talks
- Overnight Rate Dips as Financial System Liquidity Rises to N5.33trn
- XRP Steadies as Holders Can Now Borrow from Ripple Stablecoin
- CBN Declares Forex Market Stable as Reserves Hit $52.5bn
Economy
Global equity markets advanced, with Wall Street closing higher after buying interest in major technology companies following earnings releases.
President Bola Tinubu has sought the approval of the Senate for 2023-2024 external borrowing plan of 8.6 billion
The Nigerian local currency, the naira, was knocked down against the overweight US dollar at the foreign exchange
The House of Representatives has threatened to hand over the management of Nigeria Civil Aviation Authority (NCAA) to Economic and Financial Crimes Commission (EFCC) over alleged missing N43 billion revenue generated in 2022.
The Federal Executive Council (FEC) has approved the 2024 appropriation bill of N27.50 trillion for the 2024 budget with a N1.5 trillion increase from the earlier estimated bill.
The average yield on Nigerian Treasury bills climbed marginally amidst cold trading activities in the secondary market. Transactions conducted on bills in the secondary market were influenced by a recent increase in spot rates on 91- and 182-day Treasury bills by the apex bank.
The Katsina State Government has allocated 20.35 per cent and 20.13 per cent to water resources and education sectors, respectively, in the 2024 budget.