Author: Folasade Olugbade
The interest rate differential between Open Market Operations (OMO) and Nigerian Treasury bills has widened significantly, driven by the Central Bank of Nigeria’s (CBN) decisive actions to draw hot money into the economy.
A pullback in the stock market reduced the market capitalisation of fast-moving consumer goods company UAC Nigeria Plc below $300 billion, from its 52-week high.
The Nigerian Eurobonds segment ended negatively, with average yields rising 4bps to 7.25%, reflecting reduced demand and cautious sentiment among global investors.
OFFICIAL TRUMP is up 39.53% to $3.88 over 24h, dramatically outperforming a broader market that is also positive, primarily driven by a social media-fueled trading frenzy.
Bittensor (TAO) gained 10% to $236.84 over the past 24h, significantly outpacing Bitcoin’s gain, driven by capital rotating into high-beta altcoins, particularly in the AI sector.
GCR Ratings has named Saul Sassoon interim group chief, as Marc Joffe, Group Chief Executive Officer, will step down at the end of March 2026 after 25 years with the company.
Ripple (XRP) gained 4% over the last 24 hours to $1.43 as capital rotated into altcoins amid a broader crypto market rally on Friday, reflecting an improved investor sentiment.
BUA Cement and Transcorp Hotel Plc, among others, drove momentum in the Nigerian Exchange (NGX) trading platform with a surge of about N649 billion in market capitalisation.
With significant trading volume, Zenith Bank Plc closed positively on Thursday as investors continue to eye the 2025 earnings release and dividends to drive a significant re-rating.
River (RIVERUSD) has surged by 30.54% over the past 24 hours, hitting $18.26 in the cryptocurrency market. This increase is largely driven by speculative buying in smaller tokens amid a budding rotation toward altcoins.