- FX Spread Surges as Naira Depreciates Across FX Markets
- U.S. Consumer Momentum Slows as Inflation Squeezes Incomes
- Burundi Economy Improves, Inflation Sinks to 8.6% from 45% – IMF
- United Nations Urges Africa to Boost Domestic Funding
- US Dollar Hits 1-Year High on US Fed Hawkish Rates Bets
- Nigerian Exchange Sheds N2.18trn as Dangote Companies Dip
- XRP Price Dips 6.2% on U.S. Federal Reserve Rates Hike Bets
- Bitcoin Sinks 5.3% as Ark, BlackRock IBIT Lead ETF Outflow
Gov. Abba Yusuf of Kano State has paid N32 billion out of N48 billion gratuity backlogs of retirees inherited in 2023. Yusuf disclosed this on Wednesday in Kano during the inauguration of the sixth tranche of payments to retirees in the state.
The naira appreciated against the US dollar on Wednesday, trading at N1371 as the Central Bank’s daily FX publication showed a sharp increase in interbank FX deals.
The equities market extended its upward momentum on Wednesday, with the Nigerian Exchange (NGX) All-Share Index (ASI) advancing 0.28% to close at 202,584.88 points.
The UK Financial Conduct Authority (FCA) said it has imposed restrictions on Bazar Money Transfer’s operations for failing to meet registration requirements.
Privacy token Zcash is up 25.06% to $331.25 over the past 24h, dramatically outperforming the broader crypto market rally, primarily driven by a geopolitical ceasefire that sparked a risk-on surge and a major short squeeze.
FTSE Russell keeps Egypt in view for possible reclassification to frontier market (FM) status, an official note following its March review highlighted.
The Nigerian National Petroleum Company (NNPC) Limited has commenced export of its new crude grade – Cawthorne, marking a significant milestone in the Company’s drive to increase Nigeria’s crude oil production and expand its portfolio of globally competitive export streams.
Hyperliquid (HYPE) price climbed by 9.21% to $39.29 over 24h, outpacing a broader market rally driven by a macro-induced risk-on move.
The NPA disclosed this in its Daily Shipping on Wednesday in Lagos. According to the bulletin, the vessels are expected between April 8 and April 14. The authority said 24 of the ships would carry containers loaded with various goods.
U.S., Iran Agree 2-Week Ceasefire, Hormuz Passage to Resume Iran has confirmed a two-week ceasefire announced by U.S. President Donald…
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