Author: Folasade Olugbade

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.

Halting a 2-week downtrend, the naira appreciated at the official market on Tuesday, trading at N1,401.40 per dollar, according to data published by the Central Bank of Nigeria (CBN).

Virtuals Protocol (VIRTUAL) gained 6% over 24 hours to $0.7032 as AI momentum buoyed bargain-hunting in selected altcoins.  The rally was fueled by a broader AI token surge, sparked by positive news from Nvidia and strong internal metrics.

Ripple (XRP) gained approximately 4.2% over 24 hours to $1.41 on Tuesday, closely tracking Bitcoin’s +4.25% move amid a broadly rising cryptocurrency market.

Oil prices spiked on Monday due to escalating conflict in the Middle East and threats to energy shipments through the Strait of Hormuz, raising fears of potential supply disruptions.

Oando Plc saw a 19% rise in its stock price over the past five trading sessions, as energy stocks drew increased investor interest amid ongoing geopolitical conflicts.

In a notable shift, the average yield on Nigerian Treasury bills (NTB) edged higher in the secondary market, driven by bearish sentiment across the naira curve.