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Business
Global equities markets rose as expectations for U.S. Federal Reserve rate hikes eased, with technology and AI stocks
European natural gas prices rose Monday as heightened security risks around the Strait of Hormuz
The U.S. and European market performances were stifled by weak risk-asset bets amid elevated oil prices and rising yields on debt instruments.
The average yield on Nigerian OMO bills climbed to 21.1% in the secondary market, reflecting investors’ measured decisions to adjust their holdings in these short-term investment securities.
Oil prices are set to jump sharply when trading resumes Sunday night, as unprecedented U.S. and Israeli strikes on Iran have intensified Middle East tensions.
Nigeria’s debt burden is projected to decline in 2026 to around 35% of the gross domestic product (GDP) in 2026, according to details obtained from Moody’s periodic ratings review.
Nigerian deposit money banks with exposure to foreign loans are expected to settle $1.7 billion Eurobonds that will expire in 2026, according to a non-rating commentary note released by Fitch.
The Central Bank of Nigeria (CBN) has made another foreign exchange market intervention this week to address the ongoing depreciation of the naira.
In the secondary market for Nigerian government bonds, trading activity was mixed as investors evaluated their portfolios against targets.
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