- 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.
Binance today announced that bStocks, its tokenised securities offering, has surpassed $500 million in assets under management (AUM), seven weeks after launch.
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Nigerian Treasury bill yields slipped as investors moved newly issued papers into the secondary market following more than N2.4 trillion in subscription rejections at the midweek auction.