Author: Ogooluwa Aremu

BNB slides 2.15% to $629.97 in 24h, slightly outperforming a broader market sell-off, primarily driven by correlation with Bitcoin’s decline in a risk-off environment.

CBN Signals Preference for Naira Stability, Purchases $72m The Central Bank of Nigeria (CBN) aims at stabilizing the naira exchange rate at the official currency market and removing speculative tendencies across the market. The authority has ramped up $72 million from the currency market last week, following a fast and furious naira appreciation in recent times, deviating from usual FX sales interventions. The Naira recorded a broad-based appreciation against the US Dollar across both official and parallel markets during the review period. At the official window, the currency strengthened by 1.47% week-on-week, closing at N1,366.20/US$, compared with N1,386.55/US$ in the…

Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.

Equities investors in the Nigerian stock market saw an increase of N4.08 trillion, approximately $3 billion, during a weekly surge driven by RTBRISCOE and Zichis, both of which experienced price gains exceeding 60%.

Burkina Faso’s Economic Resilience Amid Challenges Commendable -IMF Burkina Faso continues to drive economic resilience amid security and humanitarian challenges, a development that the International Monetary Fund (IMF) commends following a recent official visit. The country thrives with sound economic policies, and a rapid increase in exports has contributed to growth, helping to keep public debt on a sustainable path, while keeping inflation under control. Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Ouagadougou at the end of his visit to Burkina Faso: “I am delighted to have visited Burkina…

Ripple (XRPUSD) is down 4.52% to $1.40 over 24 hours, significantly underperforming Bitcoin, which is slightly positive, primarily due to a lack of buying support.

British Pound Struggles over Dovish BoE, Political Uncertainty British pound (GBPUSD) edged back toward $1.36 at the end of a volatile week that nonetheless put sterling on track for its sharpest weekly decline against the dollar since late October. GBP depreciation was driven by a mix of political turbulence and a more dovish-than-expected message from the Bank of England. A combination of a dovish hold by the Bank of England (BoE) and new knocks on Prime Minister Starmer saw sterling tumble more than a cent for the first time in three months. GBPUSD lost the most to the euro since…

Investors are taking a step back as the crypto market cap crashed to $2.2 trillion on Friday

UAC of Nigeria Lists N54.03bn Bond on FMDQ Exchange FMDQ Securities Exchange Limited has approved the listing of UAC of Nigeria Plc.’s ₦54.03 billion Series 1 7-Year 17.35% Fixed Rate Bond under its ₦150.00 billion Issuance Programme. According to FMDQ, the approval was granted by the Exchange’s Board Listings and Markets Committee, which underscores the Exchange’s pivotal role in enabling corporate entities to access long-term capital through transparent and well-regulated debt instruments. UACN deploys the proceeds from the issuance to refinance existing obligations, fund capital expenditure programmes, and strengthen the Issuer’s working capital, according to an official statement. UAC of…

Transcorp Power Profit Rises by 14%, Board Hikes Dividend Transcorp Power grew profit after tax by 14% year-on-year to N 91,417 billion at the end of the financial year 2025, details obtained from its audited financial statements revealed. Due to its double-digit earnings surge, the board proposed a full-year dividend of ₦5.50 per share for 2025, 10% increase from the amount paid in 2024. The profit distribution comprises an interim dividend of ₦1.50, paid on, and a final dividend of ₦4.00. Details from its audited figures indicated that the power-generating company builds its impressive earnings results on significant year-on-year growth…