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

Fidelity Bank has successfully redeemed its 5-year, $400 million Senior Unsecured Notes. This reaffirms its commitment to meeting investor obligations and reinforces its track record in the international debt capital markets.

Global crude oil prices fell on Thursday as diplomatic efforts to restart talks between the US and Iran eased concerns about Middle East oil supplies.

Money market rates diverged as liquidity surplus in the Nigerian banking system eased to about N8.6 trillion ahead of Thursday’s Treasury bills auction settlement.

The naira rose against the US dollar at the Nigerian foreign exchange market (NFEM) on Wednesday as data showed interbank FX trading moderated.

The Federal Government has paid N1.2 trillion of Nigeria’s N2.3 trillion outstanding power sector debt to ease liquidity pressures and improve electricity supply.

XRP jumped to $1.33 on Wednesday as Ripple and Coinbase signed a partnership agreement to expand access to Ripple USD (RLUSD), according to an official statement.

Mr Yusuf Kelani, Special Assistant to the President on Climate Change Matters, says expanding access to affordable, reliable and sustainable energy is critical to Nigeria’s climate ambitions, economic development and national resilience.