Short-term Benchmark Interest Rates Rise on Tight Liquidity
Short-term Benchmark Interest Rates Rise on Tight Liquidity The short-term benchmark interest rates have continued to rise as the financial system’s liquidity balance collapsed due to an outflow associated with…
Read moreNaira Mixed as Markets Brace for $2.2bn External Borrowing
Naira Mixed as Markets Brace for $2.2bn External Borrowing The naira appreciated on the strength of external borrowing approval, FX intervention, and sustained increase in external reserves. Increased demand for…
Read moreSanwo-Olu Presents N3trn 2025 Budget to House of Assembly
Sanwo-Olu Presents N3trn 2025 Budget to House of Assembly Governor Babajide Sanwo-Olu of Lagos has presented a N3,005,935,198,419,3,005,935,401 budget proposal to the Lagos State House of Assembly for 2025. The…
Read moreCentral Bank of Egypt Keeps Interest Rate at 27.25%
Central Bank of Egypt Keeps Interest Rate at 27.25% The Central Bank of Egypt (CBE) kept its interest rate unchanged at a record high of 27.25% in November 2024, for…
Read moreSouth Africa Cuts Key Interest Rate to 7.75%
South Africa Cuts Key Interest Rate to 7.75% The South African Reserve Bank (SARB) slashed its key interest rate by 25 basis points to 7.75% in line with analysts’ estimates.…
Read moreNGX Shrinks by N108bn as Investors Dump OANDO, ACCESS
NGX Shrinks by N108bn as Investors Dump OANDO, ACCESS Equities market capitalisation of the Nigerian Exchange (NGX) shrank by about N108 billion as investors dumped Oando energy and Access Holdings.…
Read moreSenate Approves $2.2bn External Borrowing for Nigeria
Senate Approves $2.2bn External Borrowing for Nigeria The Senate has approved the new external borrowing plan request of $2.2 billion presented for consideration by President Bola Tinubu. The approval followed…
Read moreBitcoin Trades Near $100,000 as Crypto Rally Continues
Bitcoin Trades Near $100,000 as Crypto Rally Continues On Thursday, the price of bitcoin surpassed $98,000 for the first time, sustaining market expectations of better, more lenient regulations in the…
Read moreDesign & Build Expo: SABA Steel, Coleman Others Partner Ecobank
Design & Build Expo: SABA Steel, Coleman Others Partner Ecobank Leading global brands in the building, design and finance sectors are partnering with Ecobank Nigeria for its inaugural Design &…
Read moreLafarge, Transcorp See Intraday Rally on Nigerian Exchange
Lafarge, Transcorp See Intraday Rally on Nigerian Exchange Lafarge Africa and Transcorp Plc are currently driving an uptrend on the Nigerian Exchange (NGX) during early trading hours in the equities…
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