Open repo, and overnight lending rates were steadied despite a surge in liquidity level in the financial system last week. The money market closed with excess liquidity of about N6 trillion despite primary market auctions.

The South African rand lost momentum against Western currencies on Monday amid a US dollar rally, surging global oil prices and an increase in the country’s unemployment Rate.

The global markets open the new week in red following a soft Wall Street close, reflecting uncertainties in the global economy with a negative inflation outlook.

The Central Bank of Nigeria (CBN) closed N2 trillion in OMO bills sales with foreign portfolio investors and deposit money banks at the primary market auction on Friday.

Yield on Nigerian Bonds Rises as Inflation Twists Sentiment Benchmark yield on Nigerian government bonds rose slightly in the secondary…

Oil prices rose on Monday as efforts to balance the global demand and supply equation continued to yield less favourable outcomes, with US President Donald Trump’s ‘clock is ticking’ warning to Iran.

Naira Opens Weak, Nigeria’s FX Reserves Signal Uptrend The Nigerian naira opened weak on Monday after a weekly value depreciation…

Labour Party Disowns Abure’s Nomination Forms, Cautions Aspirants The Labour Party (LP) has dismissed nomination forms allegedly issued by its…

WHO Declares DRC Ebola Outbreak of International Concern The World Health Organisation (WHO) has declared the ongoing Ebola outbreak in…

The US dollar climbed to its highest level in about a month on surging demand for safe havens as concerns over war-driven inflation intensified.