Author: Julius Alagbe

Nigeria and the International Energy Agency (IEA) have signed a Joint Work Programme to strengthen energy data development for policymaking and investment.

Ripple (XRP) is up 5.05% to $1.39, outperforming a broadly positive market, primarily driven by renewed institutional ETF inflows and progress toward a key Nasdaq listing.

NVIDIA Tokenized Stock (Robinhood) is up 3.05% in 24 hours to $224.30 on Thursday,

XRP price jumped by approximately 3% in 24 hours to $1.37 on Thursday, outperforming Bitcoin’s gain

Ethereum Succumbs to Pressure, Price Dips Below $2.4k Ethereum has succumbed to pressure in the crypto market; the price is down by about 1% to $2,393, underperforming a flat Bitcoin, primarily driven by macro-driven risk-off sentiment. ETH dipped amid escalating U.S.-Iran tensions and surging Treasury yields, renewing fears of a Federal Reserve rate hike and triggering a broad crypto sell-off. Renewed military strikes between the U.S. and Iran in the Strait of Hormuz pushed Brent crude above $95, stoking fears of energy-driven inflation. Concurrently, global bond yields spiked, with markets now pricing an approximately 70% probability of a Fed rate…

Nigerian Exchange Index Dips, Investors Lose N41bn The Nigerian stock market reversed its bullish trend on Wednesday as investors took profit across key sectoral indices in the local bourse. The Nigerian Exchange (NGX) All-Share Index (ASI) fell by 0.03% to close at 246,019.17 points, while the year-to-date (YTD) return moderated to +58.10%. Consequently, market capitalisation declined by ₦40.99 billion, closing at ₦158.91 trillion as investors trimmed holdings in NASCON, BETA Glass and Computer Warehouse Group among others. Despite the marginal decline in the benchmark index, investor sentiment remained positive, with market breadth settling at 1.1x, several stockbrokers said in their reports. The…

AXIAN, AfDB Launch Digital Finance Programme to Support Women-led Businesses in Africa AXIAN Group and the African Development Bank (AfDB) have launched a major women’s financial inclusion programme to expand access to finance and business support for more than 34,000 women-led enterprises in five African countries. Supported through the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative and the Women Entrepreneurs Finance Initiative (We-Fi), the programme aims to address one of the biggest constraints facing women-owned businesses in Africa – limited access to finance. Africa has the highest rate of female entrepreneurship worldwide, yet women entrepreneurs…

UACN – Equity Analysts Upgrade Target Price, Set 39 Upside Equities analysts at CardinalStone Securities Limited have raised UAC of Nigeria Plc’s target price to N246.65, translating to about 39% upside potential. Equity analysts at CardinalStone Securities said the revised target price reflects the firm’s updated earnings expectations, ongoing deleveraging and improved working capital efficiency. “It also incorporates a downward revision to our equity risk premium to 12.2% from 12.6% previously and risk-free rate to 17.0% from 16.4%, alongside the adoption of forward MEA peer median multiples”. With N540 billion in market capitalisation, UACN maintains a strong position in the…

XRP price shed about 5% in 24 hours to $1.31 on Wednesday, underperforming Bitcoin…

Global equities markets sink as US-Iran tensions dampen investors’ buying sentiment;