Author: Olu Anisere

The Federal Capital Territory High Court on Monday remanded a former Syke bank Chairman, Tender Ayeni in Kuje Corrections facility, pending the determination of his bail application.

Ethereum (ETHUSD) price increased by 2.5% over 24 hours to $2,368.08, according to trading data from a crypto exchange. The altcoin gain outpaces a broader market rally driven by a geopolitical de-escalation narrative, boosting risk assets.

The South African rand weakened against major crosses in the foreign exchange market as investors sought positions in safer global currencies amid geopolitical pressures.

First Holdco Plc lost approximately 14% of its market value on the Nigerian Exchange (NGX) as investors rotated out interest in the oldest listed financial services companies in Nigeria.

ADC Unveils 2026 Primary Timetable, Sets Presidential Form at N100m Democratic Congress (ADC) has released its timetable for the 2026 primary elections and approved nomination fees for aspirants contesting various elective positions. The party fixed the presidential nomination form at N100 million, the governorship nomination at N50 million, the Senate nomination at N20 million, and the House of Representatives nomination at N10 million. It also pegged State House of Assembly nomination forms at N3 million, establishing a structured fee regime across elective offices. The party also introduced concessionary rates to encourage participation, offering 50 per cent discounts for youths and…

Hedera (HBARUSD) steadied amid news that McLaren has joined the Hedera governing council, with the price hovering at $0.08818 on Saturday.

Structurally large fiscal deficits will keep the U.S.’s debt burden far above that of other ‘AA’ category sovereigns, Fitch Ratings says in a new report.

Nigeria Growth Momentum Begins to Shift, 19 Subsectors Contrast Nigeria’s purchasing manager index (PMI) reading for April indicates a shift in economic growth momentum, with 19 subsectors showing signs of decline, as noted in a recent review by Cowry Asset Limited. The April PMI suggests the economy is transitioning from steady expansion to slower growth, with broad decline across key indicators—particularly in new orders, output, and employment—reflecting weakening demand conditions, especially within the Services sector. While Agriculture continues to hold steady and provide some support, there are early indications of moderation in that sector as well, analysts said in the…

The global oil market saw another double-digit price surge week on week amid worsening energy crisis conditions. Prices spiked amidst efforts to resolve the Iran war, with Tehran continuing to block the Strait of Hormuz.

Samsung Electronics Q1 Earnings Jump, Flags Market Pressure Samsung Electronics has reported a 43 per cent rise in first-quarter revenue to 133.9 trillion Korean won, its highest quarterly performance, despite weak demand for displays and telecoms. The company disclosed this in its first-quarter 2026 financial results released on Friday, highlighting robust overall growth across key business segments. Operating profit also reached a record 57.2 trillion won for the quarter ended March 31, 2026, underscoring strong earnings momentum despite broader market challenges. Samsung said some business units faced pressure from weak demand, seasonal slowdowns, rising tariffs and increasing operational costs during…