The average yield on Nigerian government bonds in the secondary market rose by 5 basis points, traders said in their separate notes, citing heated selloffs on naira assets. Investors reacted to subdued yield in the bond market following monetary policy tightening the nudged benchmark interest rate higher by 25 basis points to 27.50%.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at the end of a two-day policy meeting hiked the benchmark interest rate to 27.50%

The average yield on Nigerian Treasury bills dipped by 5 basis points in the secondary market to close at about 24.2%.

Lagos N3trn Budget for 2025 Scales 2nd Reading The 2025 Appropriation Bill of N3.005 trillion…

Equities market capitalisation of the Nigerian Exchange (NGX) shrank by about N108 billion as investors dumped Oando energy and Access Holdings.

On Thursday, the price of bitcoin surpassed $98,000 for the first time, sustaining market expectations of better, more lenient regulations in the cryptocurrency market.