- Interbank Rates Mixed as Banking System Liquidity Sinks by 21%
- Bitcoin Rebounds as Michael Saylor Clarifies Strategy’s $5bn Sale Claim
- CPPE Seeks Reform of Development Finance
- Conoil Profit Rises Six Folds, Margin Expands
- Trump Halts Planned Iran Strike Amid Peace Push
- XRP Gains as Ripple Releases $1bn from Escrow Before Protocol Update
- EU Begins Wider Enforcement of AI Act From Aug. 2
- Africa May Face Strongest El Nino in Decades, AU Experts Warn
News
Interbank rates were mixed last week as banking system liquidity declined by approximately 21% to close at about N3 trillion. The liquidity drop was primarily attributed to outflows associated with Open Market Operations (OMO) and the settlement of Nigerian Treasury bills auctions.
The Nigerian stock market capitalisation closed at N158.70 trillion at the end of July with a year-to-date return of 57.62% following significant sell-offs last week.
University Press Loss After Tax Narrows by 14% to N154mn University Press Plc delivered a…
The Nigerian naira dropped slightly to N1368.2232 per US dollar at the official window during the last trading session on Friday, coincidentally the end of July, 2026.
Oil prices swung sharply during the week ending July 31 as markets weighed efforts between the US and Iran against escalating military tensions and evolving security risks along critical Middle East shipping routes.
Ripple (XRP) price movement is green, suggesting the next bullish run is about to begin after the token’s movement was restricted due to negative sentiment in the broader crypto market.
Binance Coin (BNB) price dipped by about 3% to $577.93 in response to Binance expanding….