- 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
Bitcoin price (BTC) climbed by about 2% over the past 24 hours to $62,756, outperforming a modestly rising broader market, primarily driven by a macro relief rally.
The Ministry of Foreign Affairs has received the first batch of Nigerian nationals evacuated from the Republic of South Africa due to recent xenophobic attacks.
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South African rand (ZAR) is little changed against the US dollar ahead of key economic data scheduled for release on Thursday. The local unit traded rangebound in yesterday’s session and is little changed this morning, First National Bank (FNB) said in a note.
Global equities markets dipped as the US Inflation rate surge weighed on investors’ sentiment ahead of the European Central Bank (ECB) rate decision on Thursday.