- Pi Network Loses 12% as Top Cryptocurrencies Tumble
- Fitch Affirms Namibia at ‘BB-’ with Stable Outlook
- XRP Plunges by 10% to $0.9146 on Aggressive Selloffs
- ICPC to Publish Recovered Assets, Owners, Status
- Nigerian Exchange Surges by N2.2trn to N163.80trn, Return Tops 62%
- XRP Price Sinks to $0.9880 as Investors Liquidate Positions
- Crude Oil Prices Down in Week as Russian Exports Surge
- Bitcoin Falls to $67K as U.S. Yields Rise, Dollar Strengthens
MarketNews
South African Rand (ZAR) weakened against trading pairs in the forex market on Thursday as global commodity prices fell amid a stronger US dollar.
The naira depreciated strongly against the US dollar in the Nigerian foreign exchange market (NFEM) on Wednesday as pressure on the local currency deepened.
The Central Bank of Nigeria (CBN) repriced the 364-day Treasury bill rate at the midweek auction to 15.89%, with total subscriptions exceeding N1 trillion.
Excess liquidity in the financial system, totalling N6.2 trillion, kept short-term money market rates steady as banks continue to place funds with the Central Bank.
The Central Bank of Nigeria (CBN) is scheduled to conduct the first Treasury Bill auction for the month on May 6, 2026, according to a financial market circular released.
The Nigerian Overnight Rate (NOFR) steadied as the banking system’s surplus liquidity narrowed following the settlement of the April bond auction.
Nigerian Overnight Financing Rate Steady on Liquidity Surplus The liquidity surplus in the financial system…
Banks’ placement at the Central Bank of Nigeria (CBN) standing deposit facility (SLF) and additional inflows from expired OMO bills kept money market liquidity in surplus.,
CBN to Auction Nigerian Treasury Bills Totalling N750bn The Central Bank of Nigeria (CBN) is…