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SDF Placements Reduce as Banks Rotate Funds into OMO Bills The amount placed in the Standing Deposit Facility (SDF) of the Central Bank of Nigeria (CBN) eased by 8% as deposit money banks (DMBs) rotated into OMO bills to boost…
Beating Inflation With Fixed-Income Instruments As inflation sits around 16.05%, many people wonder whether investing in fixed-income instruments, currently yielding 16% to 18%, still makes…
Cryptocurrency
Bitcoin Cash Drops by 4% Amidst Repeated Rejection at $604 Bitcoin Cash (BCH) fell by about 4% in 24 hours to $572.90 on Tuesday, underperforming the broader crypto market (-1.5%) due to technical resistance, risk-off sentiment, and Bitcoin’s pullback. As…
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Booming IT Investment Cushions US Slowdown – Fitch Surging IT investment and wealth effects from buoyant equity markets are cushioning the impact of higher tariffs on the US economy, Fitch Ratings says. “We have raised our world growth forecasts in…
Politics
Alleged N2.2bn Fraud: Court Remands Ngige Pending Bail Application An Abuja High Court on Friday remanded a former Minister of Labour and Employment, Chris Ngige, in Kuje Correctional Centre, pending the determination of his bail application The Economic…
Wike Approves FCT Resident Doctors’ Request The Minister of the Federal Capital Territory (FCT), Nyesom Wike,…
Reps Speaker Inaugurates Committee to Oversee Naira-for-Crude Oil Policy The Speaker of the House of Representatives,…
APC Defends $1 Billion Investment in Lagos Ports The All Progressives Congress (APC) in Lagos State…
Financial Product
How to Build Crypto Investment Portfolio with $100- $200 Initial capital for any asset class need not be bulky; otherwise, you will not start if you have a near-empty pocket. Unfortunately, no one gets rich without taking additional risk –…
Inside Africa
Gambia Gets $38m IMF Loan to Further Economic Reforms The Executive Board completed today the fourth review of The Gambia’s Extended Credit Facility (ECF) arrangement, approved on January 12, 2024, supporting reforms to address long-standing structural impediments to inclusive growth.…
AfDB Boosts São Tomé’s Economic Resilience With $7.5m Grant The African Development Bank (AfDB) Group has…
Reparations for Africans Must Transform the Systems Limiting Africa’s Future Africa entered 2025 with a historic…
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Meta Gives EU Users ad Personalisation Choice, Commission Says Users of Meta’s social network in the EU are set to gain more control over…
EU Chief Costa Criticizes US Vision of Europe in its New Strategy European Council President António Costa said the European Union must draw consequences…
Congo Battles Worst Cholera Outbreak in 25 Years, UNICEF Says The UN children’s agency on Monday said the Democratic Republic of the Congo is…
Trump Brokers Peace Deal Between DR Congo, Rwanda U.S. President Donald Trump has brokered a peace deal between leaders of the Democratic Republic of…
