- BTC, ETH, XRP Dive, Japan Reclassifies Crypto as Financial Assets
- Oyo Govt Approves Over N35bn for Agriculture, Others
- Tantalizers Assures Shareholders of Sustainable Growth
- Naira Rises as Foreign Reserves Approach $52 Billion
- BUA, Insurance, Tech Stocks Drag NGX Indices Lower
- NCC Reviews MVNO Business Rules to Deepen Competition, Expand Telecom Access
- XRP Trades Soft as Ripple Urges Senate to Support Clarity Act
- Solana Slips after SBI Taps Network for Tokenised Japan Equity Fund
News
Bitcoin, Ethereum, Binance Coin, Ripple, and other altcoins declined amid selling pressure despite optimism from Japan’s reclassification of cryptocurrencies as financial assets.
Oil prices recover from downturn in the global commodities market on Wednesday as demand and supply uncertainties linger ahead inflation data in the United States.
Benchmark Yield on Nigerian Bonds Dips as Demand Rises The average yield on Nigerian government…
The average yield on Nigerian Treasury bills dipped slightly in the secondary market due to increased demand for naira assets, restricted by tight liquidity which capped trading actions.
Money market rates climbed strongly, trending at double digits highs, on the back of sustained liquidity squeeze in the banking system. The market opened the week with more than N60 billion deficit in the absence of significant inflows to boost liqudity condition in the financial market.
The naira depreciated further against the dominant US dollar at the Nigerian autonomous foreign exchange (FX) market, settling near N1690 per greenback on Tuesday.
Telecommunications giant, MTN Nigeria, has enlightened some Ministries, Departments and Agencies (MDAs) of government on benefits of digital advertising, its numerous possibilities for businesses within the public sector.