- Nigerian Naira Gains 4.7% in 7 Months, Nears Fair Value
- 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
News
The naira gained about 4.7% in the last seven months, supported by the Central Bank of Nigeria….
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.
Bitcoin (BTC) rebounded; the price is up 2% in 24 hours to $63,322 as investors reacted….
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.
Oil prices fell on Friday as easing concerns over potential disruptions to key Middle East shipping routes reduced the geopolitical risk premium in crude markets, despite the absence of a major breakthrough in US-Iran talks.
The Central Bank of Nigeria (CBN) has placed a ban on some ‘win’-related promotions by some local deposit money banks (DMBs), sources said.
Short-term benchmark interest rates diverged as banking system liquidity balance declined sharply
South African rand firmer after US Federal Reserve decision to keep rates weakened the dollar amidst a slowdown in oil price movements in the global commodity market.
Shell Earnings Surge in Q2 on Higher Oil, Gas Prices Shell earnings surged in the…