- South African Rand Steadies as Investors Digest Fed Rates Decision
- Nigeria’s 20-Year US Dollar Bond Yield Falls to 8.50%
- UK, Nigeria Seek Investment in Small Hydropower Projects
- Fidelity Bank Redeems $400 Million Eurobond at Maturity
- Oil Prices Ease on Hope of Fresh US-Iran Talks, Brent Dips to $110
- Excess Liquidity in Banking System Eases to N8.6trn, Rates Diverge
- Naira Sustains Rally as Interbank FX Turnover, Deal Counts Dip
- FG Pays N1.2trn Power Debt, Targets 19,000MW Transmission Capacity
News
The South African rand traded steady on Thursday as global investors began digesting the US Federal Reserve’s decision to hold the fed funds rate unchanged at its committee meeting.
Yields on Nigeria’s sovereign US dollar bonds slipped across the short, belly, and long ends of the curve as foreign portfolio investors and asset managers returned to international markets and piled into oil-linked issuers.
The United Kingdom (UK), the Federal Government of Nigeria, and participating state governments are seeking more private-sector
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Oil prices dipped below $90 per barrel on Friday as the US and Iran inch close to an agreement that could see the reopening of the Strait of Hormuz in the coming days.
The European Central Bank (ECB) raised its three key policy rates by 25-basis points at its June 2026 meeting, marking its first hike since 2023.
The South African rand slid against major currencies as the World Bank reduced its estimate of the country’s 2026 gross domestic product (GDP) growth.
Global equities markets rally on AI and tech stock momentum following a marked shift towards risk assets on signals of easing US-Iran tensions.