- Naira Gains Traction on Improved FX Liquidity, Closing at N1,346/$
- Fitch Revises France’s Outlook to Negative; Affirms at ‘A+’
- CBN Raises N2.9trn as Investors Oversubscribe OMO Bills Offering
- NGX Index Climbs as Access Holdings, Transcorp Power Rally
- AFC, GCF Unlock $690 Million in Climate Finance
- OPay: Business Fundamentals Unaffected by NYSE Listing Suspension – Analysts
- XRP Decouples from Bitcoin, Rises to $1.26 as Wallets Grow
- Oil Prices Surge as US Strikes Iran’s Island, Brent Tops $106
News
The Nigerian naira rose against the crosses in the official market on Tuesday, reflecting improved FX conditions
Fitch Ratings has revised the Outlook on France’s Long-Term Issuer Default Ratings (IDRs) to Negative from stable and affirmed the Long-Term IDRs at ‘A+’.
The Central Bank of Nigeria (CBN) raised N2.9 trillion from OMO bills at Tuesday’s primary market auction to mop up excess liquidity in the financial system.
Ripple (XRP) gained 4% over the last 24 hours to $1.43 as capital rotated into altcoins amid a broader crypto market rally on Friday, reflecting an improved investor sentiment.
Oil Prices Rise Amidst Temporary Russia Crude Supply Oil prices edged higher on Friday after…
BUA Cement and Transcorp Hotel Plc, among others, drove momentum in the Nigerian Exchange (NGX) trading platform with a surge of about N649 billion in market capitalisation.
Repo and overnight lending rates diverged as banks’ deposits at the Central Bank’s Standing Deposit Facility fell following the midweek Treasury bills auction.
Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has emphasised the need to build strong institutions and sound financial foundations to ensure sustainable economic growth in Nigeria.
The Federal Government of Nigeria says the country’s ongoing economic reforms helped in averting a looming macroeconomic crisis and has begun restoring investor confidence in the country.