- 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.
Overnight lending rate fell, while repo rate stayed unchanged on the back of surplus money market liquidity, supported by activities of banks and primary market repayment.
Halting a 2-week downtrend, the naira appreciated at the official market on Tuesday, trading at N1,401.40 per dollar, according to data published by the Central Bank of Nigeria (CBN).
Atletico Madrid defeated Tottenham Hotspur 5–2 on Tuesday in the first leg of their UEFA Champions League round-of-16 clash.
The Securities and Exchange Commission (SEC) has inaugurated a regulator–financial technology clinic to deepen dialogue with Nigeria’s rapidly expanding financial technology ecosystem.
Virtuals Protocol (VIRTUAL) gained 6% over 24 hours to $0.7032 as AI momentum buoyed bargain-hunting in selected altcoins. The rally was fueled by a broader AI token surge, sparked by positive news from Nvidia and strong internal metrics.
President Bola Tinubu has approved a targeted fiscal incentive designed to unlock the long-awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project.