- 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
Global equities markets are heading for a mixed close this week amid easing tensions in the Middle East, while negative sentiment amplified AI stock sell-offs.
Bitcoin price (BTCUSD) nosedived to $61,491, underperforming the broader market’s 4.46% decline and was driven primarily by sustained institutional selling pressure.
Ethereum (ETHUSD) price fell 8.05% over the last 24 hours to $1,638.21, underperforming the broader market decline and was primarily driven by a sector-wide altcoin sell-off.
Ripple (XRP) has lost about 8% in the last 24 hours, trading at $1.10 on Friday on sustained institutional selloffs, and technical breakdown.
Africa Finance Corporation (AFC) has successfully raised a record US$2 billion syndicated loan, underscoring strong global investor support for the rapid buildout of integrated infrastructure and industrial platforms shaping Africa’s next phase of economic growth.
The naira mixed on Thursday, slipping against the US dollar (US$) at the Nigeria Foreign Exchange Market (NFEM) as international payments surpassed FX supply.