Author: Olu Anisere

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

Equatorial Guinea’s economic activity is estimated to have contracted by 6.4% in 2025, owing to a large fall in hydrocarbon production, the International Monetary Fund (IMF) hinted following a meeting with the authorities.

GCR Assigns AA-(NG) Rating to Lagos State N230bn Bonds GCR Ratings has assigned a national scale long-term issue rating of AA-(NG) to Lagos State Government’s N230bn Series 4 Senior Unsecured Fixed Rate Bonds, with the outlook accorded as stable. Rating analysts said Lagos State Government of Nigeria raised NGN230 billion in Series 4 Senior Unsecured Fixed Rate Bonds from the Nigerian capital market at 16.25%, under its NGN1 trillion debt and hybrid instrument issuance Programme, registered in May 2023. The rating assigned to the bonds reflects the national scale long-term rating of the issuer. This is because the bonds bear…

Oil Market Sees Weekly Drop in Prices as Supply Risks Ease The oil market recorded a weekly drop in prices of crude per barrel as global supply risks eased following U.S and Iran diplomatic talks in Oman on Friday. Easing geopolitical tensions between the US and Iran reduced risk premiums and shifted market focus toward improving supply expectations. Meanwhile, supply disruptions, sanctions-driven trade shifts, and persistent regional risks prevent a deeper decline. Brent crude traded at $67.40 per barrel, down 3.3% from last Friday’s close of $69.73. US benchmark West Texas Intermediate (WTI) fell 3.5% to $63.15 per barrel, compared…

On Friday, crude oil prices fell, while attention remains focused on the impending discussions between the U.S. and Iran set to take place in Oman.

Ethereum Loses 11% on Crypto Investors’ Flight to Safety Though trading signals indicate recovery is on pace, Ethereum (ETHUSD) has lost about 11% in the last 24 hours in the cryptocurrency market on Friday. Ethereum is down 10.90% to $1,900.31 in 24h, underperforming a broader market sell-off primarily driven by a cascading liquidation event and extreme risk-off sentiment. Ethereum’s drop is part of a violent market-wide deleveraging event, compounded by defensive rotation away from altcoins. The market-wide deleveraging and liquidations, with over $1.28 billion in Bitcoin liquidations sparking a cross-crypto cascade. Crypto analysts said capital rotation into Bitcoin during “Bitcoin…