Author: Julius Alagbe

With an allotment of about N854 billion, the Central Bank of Nigeria (CBN) floated N600 billion in OMO bills for subscription at the primary market auction on Tuesday.

GCR Ratings has upgraded Coronation Group Limited’s (CGL) national scale long and short-term issuer ratings to A-(NG) and A1(NG), respectively, from BBB+(NG) and A2(NG) previously.

Ripple (XRP) price declined by 3.49% to $1.31 over the past 24 hours, amidst a surge in trading volume on Tuesday. With the broader market moving lower, XRP underperforms amid macro-driven risk aversion and a lack of immediate bullish catalysts.

The Nigerian Exchange (NGX) All-Share Index (ASI) declined at the start of the trading session amid investor portfolio rebalancing ahead of Q1’s close.

Zenith Bank, Ford Foundation Honour Unsung ‘Sheroes’ with Inaugural Woman of Power Award On Saturday, March 28 2026, Zenith Bank held the climax of its month-long activities to commemorate March as Women’s Month. The event, which was held at The Civic Centre, was the second of its kind at the Centre, following the International Women’s Day Seminar on the 9th of March, 2026. The event was to honour and award exceptional women who have shown resilience in their communities and whose vocation has impacted lives sustainably. Speakers eulogised Zenith Bank for its people-centred activities and appreciated the Ford Foundation for…

The Debt Management Office (DMO) is scheduled to conduct its monthly Federal Government Bond auction today with three reopening instruments worth N750 billion.

Markets Underpricing Oil Shock Risk -CEO Investors continue to frame oil surging as a geopolitical spike rather than the beginning of a structural shift in energy risk, warns the CEO of one of the world’s largest independent financial advisory organisations. The warning from deVere Group’s Nigel Green comes as Brent crude climbs to around $115 a barrel—up nearly 60% in March alone, the steepest monthly rise since the Gulf War—while global equities fall sharply and supply routes through the Middle East face unprecedented disruption. He says: “Brent at $115 is being treated as a spike. The data tells a different…

XRP is seeing an early rally, with a 2% uptick to $1.36 on Monday, as the market reacts to Brad Garlinghouse, Ripple’s Chief Executive Officer, CEO’s recent bullish remarks. Its trading volume spiked 57% to $1.6 billion, reflecting renewed buying interest after sell pressures last week.

Stable FX, High Yields, Disinflation Drive Capital Inflows – Analysts Nigeria’s exchange rate (FX) stability, elevated yields on fixed-income securities, and sustained disinflation have continued to fuel the country’s short-term capital inflows. The local currency exchange rate versus the dollar has become more stable under Olayemi Cardoso-led Central Bank of Nigeria (CBN) reforms, with persistent policy rate tightening taming headline inflation. The inflation rate has declined sharply, as reflected in the statistics office’s consumer price index, supported by significant exchange rate improvements. Robust foreign reserves and adequate dollar supply have put Nigeria’s economic reform on the global map, resulting in…

The average yield on Nigerian Treasury bills declined to 17.76% in the secondary market as investors stepped up bargain hunting on the naira asset.