Author: Ogooluwa Aremu

Ondo ($ONDO) dropped 2.72% over the last 24 hours to $0.264, according to its crypto trading market data on Sunday, underperforming a nearly flat broader market, primarily due to low liquidity and weak momentum in a risk-off environment.

With a market capitalization of $26.83 billion, TRON (TRXUSD) is on the move in the early trading session in the crypto market on Friday, up 1.25% over the past 24 hours to $0.283.

Exchange Rate Falls over High Demand for Dollar The naira exchange rate depreciated at the Central Bank foreign exchange market due to surging demand for dollar payments at the official window. The high forex payments above dollar volume at the official window caused the exchange rate to drop for the second consecutive day after posting a fast and furious rally. According to the daily FX update released by the Central Bank of Nigeria, the exchange rate depreciated by 24bps or ₦3.24 against the U.S. dollar on Thursday. The depreciation was driven by high USD demand pressure despite inflows from Foreign…

South Korean Court Hands Life Sentence to Ex-President Yoon A South Korean court on Thursday sentenced former president Yoon Suk Yeol to life in prison for declaring martial law in December 2024. The court convicted the 65-year-old of leading an insurrection and undermining the constitution. The ruling by the Seoul Central District Court marked a major milestone in one of the most significant political trials in the country’s recent history. Yoon’s actions plunged the nation into a severe constitutional crisis. He can appeal the verdict. Prosecutors had sought the death penalty, the maximum sentence available under South Korean law for…

Oil prices eased in the global commodity market on Thursday as the U.S. and Iran completed second round of nuclear talks, with reports signaling significant progress has been made.

Tinubu Signs Electoral Act Amendment Bill 2026 into Law President Bola Tinubu on Wednesday signed into law the Electoral Act Amendment Bill 2026. The brief signing ceremony took place at the President’s office at the State House, Abuja with Principal officers of the National Assembly in attendance. The National Assembly had on Tuesday passed the Electoral Act 2026 (Amendment) Bill. The amendment comes amid intense public debate over the electronic transmission of election results in real time. The harmonised report of the bill, including the contentious Section 60(3), was passed by both chambers on Tuesday. President of the Senate, Sen.…

Takaichi Re-Elected as Japan’s 105th Prime Minister Sanae Takaichi, President of Japan’s ruling Liberal Democratic Party (LDP), was reelected as the country’s 105th prime minister on Wednesday following a parliamentary vote. At an extraordinary session of the National Diet convened earlier in the day, both the House of Representatives and the House of Councillors held votes to appoint the prime minister. In the powerful lower house, Takaichi secured 354 votes in the first round, defeating Junya Ogawa, head of the main opposition Centrist Reform Alliance (CRA), who garnered 50 votes, along with other candidates. In the upper house, no candidate…

Sri Lanka to Secure $50m in World Bank Financing for Digital Transformation Sri Lanka is to obtain Special Drawing Rights (SDR) financing equivalent to 50 million dollars from the World Bank Group to implement its Digital Transformation Project. The government’s Information Department announced on Wednesday. The initiative, part of the country’s Digital Economy Strategy 2025 to 2030, is aimed at improving the efficiency, accessibility, and transparency of public services through expanded use of digital platforms. Cabinet approval to seek financial assistance from international development partners for the project was granted in October 2025. Loan negotiations between relevant government agencies and…

Oando Plans Rights Issue at N50 Per Share Oando Plc has announced a plan to raise capital via a rights issue expected to be exercised by its existing shareholders, according to a regulatory filing. In an official disclosure, the indigenous energy company notified the shareholders that it has submitted an application to the Nigerian Exchange Limited for the approval and listing of a Rights Issue of 4,415,867,342 Oando said its ordinary shares of 50 Kobo each will be issued at N50.00 per share, based on one new ordinary share for every two existing ordinary shares held.  The company’s share is…

Oil Prices Rise Amidst Geopolitical, Geoeconomic Concerns Oil prices climbed on Wednesday as markets struggled with geopolitical balance, reflecting sustained fluctuation between supply and demand outlook. U.S policy instability has stoked pressures on geoeconnomic stressing global economic projections. Brent crude traded at $67.09 per barrel, up 0.2% from the previous close of $66.93. US benchmark West Texas Intermediate (WTI) increased 0.2% to $62.32 per barrel, compared with $62.18 in the previous session. Markets focused on comments from US Vice President JD Vance, who said a second round of negotiations with Iran had been productive “in some ways,” but that Tehran…