Author: Julius Alagbe

The Nigerian Treasury bills (NTB) yield declined as investors stepped up buying in the secondary market after the midweek auction, where the Central Bank kept spot rates across tenors unchanged.

Ripple’s XRP is up 0.56% to $1.43 after a failed breakout, primarily driven by technical momentum within a defined range. The token’s target price, however, shifted to $1.70, though it had struggled to break $1.60, while a new resistance level keeps forming amid geopolitical disturbances.

CSCS Shareholders Approve N1.78 Dividend Per Share The Central Securities Clearing System Plc (CSCS) has posted a gross earnings of N28.67 billion for the financial year ended Dec. 31, 2025.  The gross earnings represented a 10 per cent increase when compared with N26.09 billion posted in the corresponding period of 2024. Mr Temi Popoola, Chairman of the company’s Board of Directors, disclosed this during the 32nd Annual General Meeting (AGM) held in Lagos on Thursday. During the AGM, the shareholders approved the board’s proposed dividend of N1.78 per share, totalling N8.9 billion. Popoola said the company’s operating income grew by…

The naira dipped against the US dollar at the official window, as data published by the Central Bank of Nigeria (CBN) showed a slump.

BUA, Dangote, Zenith Boost NGX Index, Investors Gain N2.1trn BUA Foods, Dangote Cement and Zenith Bank were among the gainers that boosted the Nigerian Exchange (NGX), with investors recording about N2.1 trillion in gains. The positive turnout was driven by price gains in BUAFOODS (+7.93%), DANGCEM (+2.35%) and ZENITHBANK (+3.47%), which offset declines in MTNN (-0.13%) and FIDELITYBK (-1.35%). The market index or All-Share Index added 3,251.48 basis points in today’s trading session, reflecting a 1.48% increase to close at 222,837.68. Likewise, market capitalisation gained ₦2,093.05 billion to close at ₦143.48 trillion. However, the Total Volume of trades declined by…

The Central Bank of Nigeria (CBN) drained more cash from the banking system with oversold Treasury bills, with deposit money banks leading the subscription levels.

XRP price retreated by 3% to $1.42 amid a stalled exchange-traded fund (ETF) driven by a technical breakdown at key support levels amid a risk-off shift in crypto capital.

Shell Deal Ignites Sierra Leone Energy Push Sierra Leone has strengthened its upstream petroleum ambitions with the signing of a Reconnaissance Permit Agreement with Shell Exploration Company B.V., marking a significant step toward attracting investment and advancing offshore basin evaluation. The agreement was signed through the Petroleum Directorate of Sierra Leone (PDSL) at the Invest in African Energy 2026 Forum in Paris on Wednesday. Under the terms of the agreement, Shell is granted rights to undertake advanced geological and geophysical studies across offshore G-Blocks 91, 92, 93, 110, 111, 112, 114, 115, 116, 117, 133, 134, 135, 148, 149, 150,…

Oil Tops $102 over Unsettle Middle East Tensions Oil prices climbed above $102 per barrel on Thursday as tensions in the Strait of Hormuz resurfaced, outweighing the impact of an extended ceasefire between the United States and Iran. International benchmark Brent crude was trading at $102.7 per barrel in international futures markets, up 0.7% from the previous close while West Texas Intermediate (WTI) crude traded at $93.9 per barrel. Prices had risen as high as $102.31 on Wednesday before settling at $101.91. Oil prices had initially eased after US President Donald Trump extended the ceasefire with Iran. However, reports that…

Riot police will be sent onto French beaches to stop migrants crossing the Channel under a fresh multimillion-pound deal with the United Kingdom.