- MTN Nigeria Declines as Investors Take Profits in Telco Stock
- Excess Liquidity in Banking System Rises 57% to N6.8trn
- CBN to Auction Nigerian Treasury Bills, Targets N700 Billion
- Nigerian Naira Tumbles as Interbank FX Turnover, Deals Crash
- Equities Market Loses N1.2trn as Investors Sell MTNN, FirstHoldCo Stock
- NMDPRA Tasks Investors, Regulators on Infrastructure for W/Africa Petroleum Trading Hub
- CBN Opens Applications for 2nd Cohort of Regulatory Sandbox Programme
- GCR Downgrades Geregu Power over Failure to Meet Debt Obligations
News
The stock market value of MTN Nigeria Plc.’s 20.995 billion outstanding shares fell by about 5% on Tuesday
Excess liquidity in the banking system increased sharply on Tuesday, up by about 57% to 6.81 trillion
MarketForces Africa – The Central Bank of Nigeria (CBN) is scheduled to conduct a primary market auction on Wednesday, targeting N700 billion across standard tenors.
Nigeria is increasingly becoming a case study for quick returns for foreign investors, according to AAG Capital Limited. In its latest update, the firm referenced recent foreign portfolio investment data for March 2026, published by the Nigerian Exchange.
United Bank for Africa Plc (UBA), a leading Pan-African financial institution, has released its unaudited financial results for the first quarter ended March 31, 2026, demonstrating resilient operating performance and continued balance sheet strength despite a moderated profitability environment.
Monero (XMRUSD) gained 5.24% to $393.92, outpacing Bitcoin’s 1.21% increase. The altcoin gained traction as buyers’ confidence improved. The narrative surrounding Monero is split between its growing reputation as a leading privacy asset and the inherent security challenges shared by proof-of-work blockchains.
Kidnappings and violent assaults targeting crypto investors in France have climbed sharply, driven by organised gangs allegedly using leaked tax data to identify wealthy holders.
Hedera (HBARUSD) surged 3% to $0.0930, significantly outpacing Bitcoin’s 0.80% gain, driven by broader market optimism and a technical breakout attempt.
No New Tax on Vehicles – NRS The Nigeria Revenue Service (NRS) has described as…
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