- XRP Price Sinks to $0.9880 as Investors Liquidate Positions
- Crude Oil Prices Down in Week as Russian Exports Surge
- Bitcoin Falls to $67K as U.S. Yields Rise, Dollar Strengthens
- SK Hynix Tokenised bStocks Dips after HTX Announces SKHYB Listing
- Naira Closes at N1,353 Per US Dollar in Nigerian Forex Market
- DBN Inaugurates $275m Climate Finance to Boost Nigerian MSMEs
- Tinubu Flags Off $3.5bn Bakassi Deep Seaport Construction
- NGX Falls as Banking, Insurance Stocks Drag, Investors Lose N93bn
Global Economy
US and European stocks gained momentum on AI optimism; earnings expectations boosted demand for risky assets on Wednesday.
African currencies showed no clear gain from this week’s sharp fall in oil prices, with the South African rand and Botswana pula slightly weaker against the dollar and Angola’s kwanza unchanged, according to market data.
Fitch Ratings has revised the Outlook on France’s Long-Term Issuer Default Ratings (IDRs) to Negative from stable and affirmed the Long-Term IDRs at ‘A+’.
CBN Approves $150k Weekly FX Sales to Licensed BDC The Central Bank of Nigeria (CBN)…
The Central Bank of Nigeria (CBN) is expected to float an open market operation, where short-term investment securities, OMO bills, will be deployed to mop up excess liquidity in the financial system.
The Lagos State government, on Tuesday, said it has commenced an improved justice administration system to reform the state’s Landlord-Tenant law, in a bid to encourage real estate business.
The Nigeria Revenue Service (NRS), formerly known as the Federal Inland Revenue Service (FIRS), broke its record revenue collection performance, posting N28.3 trillion to surpass the set target of N25.2 trillion for the year 2025.
Inflow into Federation Account Rises to N35trn in 2025 –AGF The Accountant-General of the Federation…
Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.