Author: Olu Anisere

The euro (EURUSD) rose to $1.185, remaining close to its highest point since late January, following indications from the European Central Bank (ECB) that the monetary authority is largely unbothered by the recent increase in the value of the single currency. With an intention to drive Eurozone economic growth, interest rates were left unchanged at the policy meeting last week, with policymakers signaling inflation is not an immediate problem.  Last week, the EUR/USD fell for the second consecutive week, even though it managed a nice bounce from a key technical zone on Friday as risk assets all staged a rally.…

Equities investors gained N1.4 trillion on Monday in the Nigerian Exchange (NGX) as Dangote Cement, Aradel Holdings, UBA, and other risers drove momentum.

Trading in Nigerian Treasury bills was robust, characterised by targeted demand primarily focused on the mid-section of the yield curve in the secondary market.

Oil Prices Decline, Brent Hovers at $67 Per Barrel Oil prices declined on Monday, driven by signals that regional tensions may be easing after announcements that negotiations between Washington and Tehran over Iran’s nuclear program will continue. Brent crude traded at $67.09 per barrel, down 0.8% from the previous close of $67.66. US benchmark West Texas Intermediate (WTI) decreased 0.8% to $62.76 per barrel, compared with $63.31 in the previous session. US President Donald Trump described the indirect talks held between Iran and the US in Muscat, the capital of Oman, as “very good,” saying Tehran had strongly demonstrated its…

Electoral Act: Senate to Hold Emergency Sitting, Tuesday The Senate will reconvene for an emergency plenary sitting on Tuesday, Feb. 10, at 12:00 in spite of having earlier adjourned sittings until February 24. The development was formally conveyed in an official notice dated Feb. 8, 2026, signed by the Clerk of the Senate, Emmanuel Odo, on the directive of the President of the Senate, Godswill Akpabio. The notice read: “I am directed by His Excellency, the President of the Senate, Distinguished Senator Godswill Akpabio… “To inform all Distinguished Senators of the Federal Republic of Nigeria that an Emergency Sitting of…

Zichis Extends Gains by 60% as Investors Chase Agro Stock Zichis Agro Allied Industries Plc’s share price increased by 60% to N6.72 in the Nigerian Exchange (NGX) as investors staked bets on Agro stock. The company’s share opened the trading session last week at N4.19, but surged to its all-time high on Friday when 2.337 million units valued at N15.976 million were traded on the NGX platform. The strong weekly gain boosted the market value of Zichis Plc.’s 600 million outstanding shares in the local bourse to N4.032 billion at the close of the trading session on Friday. At the…

China’s foreign exchange reserves totaled 3.3991 trillion U.S. dollars at the end of January 2026, marking an increase of 41.2 billion dollars

Solana Gains as Cryptocurrency Investors Boost Positions Solana (SOLUSD) is up 1.65% to $87.74 in 24 hours as investors boost positions, modestly underperforming a broader market bounce led by Bitcoin’s +2.63% gain. Solana faces a tug-of-war between institutional paper losses and steady ETF accumulation, all while its price consolidates in a narrow band. The altcoin gains closely trailed Bitcoin’s +2.63% rise, with the total crypto market cap up 2.04%. This indicates the move was driven by broader market flows rather than a Solana-specific catalyst. The provided context lacks a clear macro driver for the market-wide bounce. Solana acted as a…

Ripple (XRP) has climbed over 3% to reach $1.45 in 24 hours, driven by factors not specific to the coin, as investors have bolstered their holdings in this more secure digital cryptocurrency.

The secondary fixed income market sustained its bullish momentum in the just-concluded week, reflecting heightened demand