- Dangote Cement Gains N3.896trn in 2 Days in Nigerian Market
- GTCO Profit Falls by 12% to N614.6bn as Net Margin Slips
- European Gas Prices Elevated on Supply Concerns
- Market Index Soars as Nigerian Exchange Inches Near N165trn
- Ripple Receives Final OCC Approval to Establish National Trust Bank
- GTBank Launches Google Pay for Secure Online Payments
- UBA Seeks Jail Term for WEMPCO Directors in N61bn Loan Recovery Drive
- Tinubu Seeks NASS Consent to Access $20.5bn, €1.4bn Loans
MarketNews
Ahead of the Federal Reserve’s rate decision, foreign portfolio investors and asset managers dumped Nigerian US dollar
Interbank liquidity worsened further, sinking deeper into negative territory, highlighting the ongoing liquidity crunch in the financial system. Hence, money market rates were further pressured as banks faced a huge liquidity deficit totalling N1.58 trillion, up from N1.064 trillion the previous day.
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