Marking a significant milestone in the African cryptocurrency industry, Yellow Card has become the first fintech on the continent to launch PayPal USD (PYUSD).

The Nigerian naira struggled to keep value across the foreign exchange markets on Tuesday amidst a steep…

The equities segment of the Nigerian Exchange (NGX) rebounded with about N146 billion gain ….

Cordros US dollar fund year-to-date return cleared at 6.22% in October 2023. The US dollar asset underperformed by 0.16% month on month, though ahead of the coupon benchmark of 6.13%.

Futureview US dollar fund year-to-date return cleared at 7.42%, the financial services company said in an update. Return on the investment stands ahead of FGN 5-Year Eurobond year-to-date yield of 3.42%.

The International Energy Agency, IEA, has raised its 2023 oil demand growth forecast to 2.4 million barrels per day, lifting demand to 102 million barrels per day for the year.

The consumer inflation rate in Ghana slowed to 35.2% year on year in October from 38.1% in September, the statistics service said on Tuesday. The decline in headline inflation was attributed to moderation in the food price index, supported by government policy redirection.

The yield on the UK’s 10-year Gilt edge moderated to 4.31% after economic data showed British employment growth slowed in the third quarter.

In Nigeria’s sovereign Eurobonds (US dollar bonds) market, activity level was dominantly in the bullish region as positive sentiments pervaded the movement in yields. Foreign investors in the international market pushed demand higher as US Treasury yield reversed.

Mr Chiedu Ugbo, Managing Director, Niger Delta Power Holding Company (NDPHC), says the debt profile of Nigeria’s power system stands between N150 billion and N180 billion.