- CBN Cuts Interest Rate on 1-Year Nigerian Treasury Bill to 16.62%
- Naira Tumbles Against U.S. Dollar as FX Demand Shifts
- LASERC Licences Elektron Energy to Generate Power in Lagos
- Brent Crude Oil Tops $100 as Iran Strikes U.S. Vessels, Tankers
- NVIDIA Tokenised Stock Dips Amidst Surging Japanese Yen
- BUA, Cadbury, Nestle Drag NGX Index; investors lose N1.67trn
- Lionel Messi Agrees Deal to Purchase Spanish Second-Tier Side Eldense
- Bitcoin Price Jumps on Spot ETF Inflows, $99.99K Prediction
News
The Central Bank of Nigeria (CBN) cut the spot rate on Nigerian Treasury bills with a 1-year tenor
Ripple (XRP) price declined 5% to $1.07 during the early trading session on Saturday, underperforming a broadly weak crypto market primarily driven by whale distribution colliding with persistent U.S. regulatory uncertainty.
The naira softened against the US dollar as international payments outweighed FX liquidity at the Nigeria Foreign Exchange Market (NFEM) on Friday, according to an official report from the authority.
Fitch Ratings has upgraded South Africa’s Long-Term Issuer Default Ratings (IDRs) to ‘BB’ from ‘BB-‘ with an outlook accorded as stable.
The Nigerian Exchange (NGX) All-Share Index rebounded on Friday, as Tier-1 bank and Lafarge Africa stocks halted the downtrend in the local bourse after 4 days.
Ethereum price (ETHUSD) dropped by about 10% in 24 hours to $1,598.17, underperforming Bitcoin’s 3.92% drop, primarily driven by a cascade of leveraged long liquidations amid a broad altcoin market crash.
Bitcoin price (BTC) is down 6.12% to $59,821 on Friday amid aggressive crypto selloffs, underperforming a broader market decline and primarily driven by a hawkish reaction to strong U.S. jobs data.