- Dangote Cement Sells 64% of Production Volume to Nigerians
- Naira Tumbles as Interbank FX Turnover Drops by 43%
- XRP Rises as HKIMR Recognises Ripple for Cross-Border Payment
- ETC- Ethereum Classic Gains 6% on Listing Speculation
- Bitcoin Climbs, JP Morgan Says BTC Trades Below Mining Costs
- Equities Investors Lose N939bn as Banking Index Tumbles
- Industrial Court to Hear Suit Against Premium Pension Limited
- GCR Upgrades Rand Merchant Bank Nigeria Rating to AA
MarketNews
Debt Management Office (DMO) is scheduled to hold its monthly auction on June 22, targeting
Interbank Rates Rise as Banks Borrow to Close Funding Gap The short-term interest rates climbed…
FBN Holdings Keeps Uptrend Ahead of ‘Offer’ Pricing FBN Holdings (FBNH) Plc has continued to…
Geregu Power Sets for Fresh Uptrend, Hits All-Time High Geregu Power Plc has set a…
Nigerian Treasury Bill Selloffs Provoke 10bps Yield Surge It was seller market during the midweek…
Interbank rates crossed the 31% benchmark as the liquidity level in the financial system remains in negative territory. Due to a weak funding profile in the financial system, money market rates have remained elevated.
US Federal Reserve slashed fed fund rates by 50 basis points (bps) as hawkish monetary policy has now expired. In a statement, the Fed said recent indicators suggest that economic activity has continued to expand at a solid pace.