- Ethiopia Unlocks Access to $484 Million IMF Loan
- Banks’ Loans to Grow by 20% as New Capital Boosts Lending Appetite -Note
- XRP Rallies as Ripple Unveils XRPL Lending Protocol Plan
- Naira Rallies as Interbank FX Turnover, Deals Count Decline
- Dangote, Aradel Selloffs Drag NGX Index, Investors Lose N2.4trn
- EU Cuts Steel Import Quotas to Protect Industry
- NGX Delivers 47% Return as Investors Gain N48trn in 6 Months
- US Lifts Restriction on Anthropic’s Claude Fable, Mythos 5
News
Ethiopia Unlocks Access to $484 Million IMF Loan Ethiopia has unlocked access to $484 million loan from the International Monetary Fund (IMF) as the…
Equity investors lost N478 billion on the Nigerian Exchange (NGX) due to sustained bearish activity. The stock market closed on a negative note, with key performance indicators mixed due to new shares being listed. The All-Share Index (ASI) declined by -0.35%, while the market capitalisation plunged by -0.30%.
The Central Bank of Nigeria (CBN) is scheduled to open Nigerian Treasury bills worth N700 billion across standard tenors at the primary market auction on Wednesday.
Ripple (XRPUSD) is down 6.4% over 24 hours to $1.21 on Tuesday, closely tracking a broader crypto market sell-off that is primarily driven by Bitcoin’s weakness.
Bitcoin (BTC) crashed by 6% to $67.1k amid a sustained exodus of institutional capital from spot exchange-traded funds (ETFs) and a symbolic sale by a major corporate holder.
The naira rose against the US dollar on Tuesday as demand for international payments declined, with data showing a moderate slide in interbank FX turnover.
The Nigerian Exchange (NGX) All-Share Index (ASI) and market capitalisation shrank further on Tuesday, with the equities portfolio balance reducing by N478 billion as sell pressure persisted.