- Naira Destiny Ties to Hot Money Equation – High Interest Rate, Foreign Capital
- Investors Lose N1.80trn as Bear Run Hammers NGX Index
- XRP Extends 7-Day Gains, Price Rises to $1.18
- Cryptocurrencies Rally as U.S. M2 Money Supply Tops $23trn
- Revolut to Delist USDT in Europe Ahead of MiCA Regulation
- Ecobank Nigeria Wins Deutsche Bank’s Client Excellence Award
- NGX 30: What Nigeria’s Most Important Stock Index Reshuffle Means for Investors
- Cardano Price Rises 5% as RealFi Testnet Launch Drives Optimism
News
The naira destiny has been successfully tied to hot money equation – high interest rate can only broing foreign capital
Buying interest in FCMB and Jaiz Bank drove the banking index higher on the Nigerian Exchange despite significant profit-taking.
The average yield on Nigerian Treasury bills declined to 17.04% in the secondary market due to sustained positioning in the naira curve.
Inflows from expired OMO bills and from deposit money banks (DMBs)’ lodgments buoyed liquidity in the financial system, investment firms said in separate market updates.
The crypto market climbed by 2.27% in the last 24 hours to $2.24 trillion, driven by bullish speculation on U.S. policy changes, showing a correlation of 95% with the S&P 500.
El-Rufai Asks Court to Stop ICPC, EFCC, DSS From Blocking His Assets Former Gov. Nasir…
Oil prices reduced slightly in the global commodity market on Wednesday ahead of U.S-Iran nuclear talks in Geneva, with the hope that diplomatic discussions will reduce supply risks.