Excess liquidity in the banking system, which peaked above N6 trillion, shrank due to outflows relating to the settlement of OMO and Nigerian Treasury bills sold at the primary market auctions.
President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure of ₦68.32 trillion for the current fiscal year.
Cryptocurrency
XRP Sinks on Sustained Selloffs, ETF Outflows Ripple (XRP) declined sharply, moving below support as a raft of sellers took profits. This negative performance aligned with overall movement across top crypto names on Wednesday. Bitcoin, Ethereum, and Binance Coin are…
Sports
Editor's Picks
The Nigerian Communications Commission (NCC) has noted recent public concerns regarding the quality of telecommunications services in parts of the country.
Politics
I’II Scrap Federal Character Principle if Elected President – Amaechi A former Minister of Transportation, Rotimi Amaechi, says he will scrap the federal character principle if elected president in 2027, insisting that all Nigerians should enjoy equal citizenship…
INEC Picks Feb.20 for Presidential Election Independent National Electoral Commission (INEC) on Friday released the notice…
FG Verifies 110 Constituency Projects Across 6 Geo-Political Zones No fewer than 110 constituency and zonal…
Defection: NNPP not joining Kwankwaso to ADC – Founder The Founder of the New Nigeria Peoples…
Financial Product
One of the top Nigerian lenders, GTBank Limited, has set a $20,000 quarterly spending limit on its naira debit card, according to a check by MarketForces Africa.
Inside Africa
Nigeria, Egypt, South Africa Dominate Africa’s Equity Markets — AfDB Nigeria, Egypt, Morocco, and South Africa continue to dominate Africa’s equity markets, according to the 2026 African Economic Outlook released by the African Development Bank (AfDB). The report said Africa’s…
Nigeria, West Africa’s Growth to Remain Stable at 4.7% in 2026 — AfDB The economies of…
African Leaders Seek New Ways to Finance Infrastructure African ministers, financial institutions, and private sector leaders…
Wall Street Surges to Record Highs as AI, Tech Stocks Rally Wall Street powered to fresh record highs as AI and technology stocks surged…
British Health Secretary Resigns as Starmer Faces Leadership Challenge British Health Secretary Wes Streeting resigned from the government on Thursday, deepening the political crisis…
Iran Opens Strait of Hormuz to Chinese Ships Some Chinese ships, in compliance with Iranian management protocols, since Wednesday night have been allowed to…
Global markets are trading mixed as investors monitor prospects for easing United States (US)-China tensions ahead of the expected meeting between President Donald Trump and President Xi Jinping.