Author: Ogochi Christian
The British pound (GBPUSD) fell to 1.33 against the US dollar, the lowest since December 2025, as the UK economy
Mr Olayemi Cardoso, Governor, Central Bank of Nigeria (CBN), says reforms in Nigeria’s foreign exchange (FX) market have significantly improved liquidity, restored investor confidence and stabilised the Naira.
Oil prices surged on Thursday, with Brent crude approaching $100 a barrel following reports of an attack on two oil tankers near Iraq’s Basra port, raising concerns about potential supply disruptions in the Middle East.
Atletico Madrid defeated Tottenham Hotspur 5–2 on Tuesday in the first leg of their UEFA Champions League round-of-16 clash.
The Federal Government (FG) says it is working to strike a balance between ensuring adequate rice availability in the market while protecting local producers and processors to sustain Nigeria’s growing rice value chain.
Conoil, Aradel, Oando Drive NGX Rally, Investors Gain N147bn Shares of oil companies, including Conoil, Aradel Holdings and Oando Plc, drove momentum in the Nigerian stock market, with investors posting a gain of about N147 billion. The Nigerian Exchange (NGX) opened the week on a positive note, with key market performance indicators up 0.12%. The local bourse performance was driven by bargain hunting in mid-cap and blue-chip stocks, such as ARADEL, CONOIL, STANBIC, and others. Equity investors continue to bid for stocks with strong fundamentals ahead of the release of their audited earnings to the investing public. The Nigerian Exchange…
Bittensor (TAO) gained 9.51% over the past 24 hours, trading around $196.14 on Monday, significantly outperforming a mostly flat broader market as AI agents ventured into cryptocurrency.
NGX Index Surges as Nestle Nigeria, Stanbic IBTC Rally The Nigerian equities market closed Thursday’s trading session on a positive note as the All-Share Index (ASI) advanced by 18bps, amidst gains in high-cap stocks like MTNN, NESTLE, amongst others. However, market breadth closed negative, with 32 stocks gaining and 37 declining. In today’s market session, gains in NESTLE (+4.84%), STANBIC (+5.56%) and MTNN (+0.63%) were notable drivers of the market’s upbeat outcome, offsetting declines in DANGSUGAR (-7.10%) and JAIZBANK (-7.41%). However, the market breadth closed negative at 0.84x, as the session produced more laggards (38) than gainers (32). ETERNA (+10.00%)…
The Nigerian Exchange (NGX) ended its recent positive streak on Wednesday, with the All-Share Index (ASI) declining 0.08% to 196,463.22 points, bringing the year-to-date return to 26.25%.
Banking and oil stocks drove momentum in the Nigerian stock market on Tuesday, reflecting investors’ positive sentiment amidst earnings releases.