The Nigerian naira lost against the US dollar across forex markets on Thursday due to speculative demand for foreign currency. The apex bank has slowed down FX sales to boost the supply side, causing naira pricing to get messy ahead of inflation data.

Treasury bills yield crashed by 48 basis points in May due to increase buying interest spurred by rates repricing in the primary market. The Central Bank of Nigeria (CBN) has made investment in Treasury bills lucrative for some individuals, corporates and especially deposit money banks.

The Senate on Wednesday passed a bill seeking to prescribe improved salaries, allowances and fringe benefits of judicial office holders in Nigeria. This followed the adoption of a report of the Committee on Judiciary, Human Rights and Legal Matters at plenary.

With price appreciation in Zenith, GTCO, and UBA, Nigerian banks are making further uptrends on the Nigerian Exchange (NGX) during intraday trading sessions. This has lifted banking index higher from previous close.

The Nigeria Computer Society (NCS) on Tuesday emphasised the need for partnership between itself and financial institutions to mitigate cyber-attacks.

Gov. Alex Otti of Abia has signed the Dig Once Policy to regulate installation of underground, broadband technology infrastructure in Abia.