Author: Olu Anisere

BTCUSD Falls to $88k as Transatlantic Stokes ETF Outflow Bitcoin (BTCUSD) fell 3.18% over the past 24 hours, reflecting early profit-taking action amidst geopolitical and geoeconomic tensions amidst exchange-traded outflow. BTC price dropped as a result of sell pressure, underperforming the broader crypto market’s daily loss of -3.24% as top cryptocurrency assets shed weight across exchanges on Wednesday. Trading at $88 level, Bitcoin has lost $10k in a week.  The world’s largest digital asset valuation drop aligns with a 7-day decline of -7.16%, driven precisely by geopolitical tensions, corporate ETF outflows, and technical breakdowns. Bitcoin fell alongside equities as U.S.…

CBN Sets to Raise N1.15trn from Treasury Bills Subscription The Central Bank of Nigeria (CBN) is set to conduct its second Treasury Bills auction for the month on Wednesday amidst significant liquidity levels in the financial system and rate expectations. The CBN will open N1.15 trillion in offer size across standard maturities, including 91 days, 182 days and 364 days Treasury bills. A breakdown from the offer circular revealed that the authority will place N150 billion worth of 91-day bills for subscription. Also, the CBN will attempt to sell N200 billion worth of 182-day bills to investors. Reflecting investors’ appetite…

Oil Prices Steady as Markets Weigh U.S Tariff ‘Weaponisation’ Oil prices steadied in the global commodity market on Tuesday after sharp fluctuations following renewed tariff weaponisation by the U.S. government seeking control of Greenland. Price stabilised as new data revealed robust economic indicators from China, indicating a likely rise in crude imports from Beijing. President Donald Trump of the United States has, in an official capacity, utilised the prospect of increased tariffs as a tool to intimidate European nations, the UK, and other critics of his actions on various fronts. In reaction, the dollar index declined on Tuesday as trading…

Nigeria’s Non-oil Export Rises by 11.5% to $6.1bn in 2025 Nigeria’s non-oil export value recorded 6.1 billion dollars in 2025, reflecting diversification, higher volumes, and expanding markets, the Nigerian Export Promotion Council (NEPC) said on Monday. Mrs Nonye Ayeni, Executive Director, NEPC, disclosed this at a news conference on the 2025 Non-Oil Export Performance and 2026 Outlook in Abuja. Ayeni said that the NEPC was in partnership with the National Bureau of Statistics, the Central Bank of Nigeria (CBN) and other stakeholders to mainstream informal trade. According to her, based on records obtained from the pre-shipment inspection agencies, Nigeria’s non-oil…

Money Market Rates Diverge as System Liquidity Fluctuates Money market rates diverged as liquidity levels in the financial system fluctuated and closed at long net positions amidst banks’ activities at the Central Bank window. The market recorded no primary market auction, though there were inflows from matured OMO bills, while activities at the borrowing window reduced sharply. Liquidity in the banking system saw significant fluctuations, starting the week tightened, improving during the week, and closing higher than it began the week. System liquidity opened the week with a balance of N1.47 trillion, supported by primary market inflows despite lower Standard…

XRP Drops to $2.05 as Investors Liquidate Leverage Positions Ripple (XRPUSD) fell 1.15% to $2.05 in 24h as investors liquidated positions in the latest transaction round in the cryptocurrency market.  Trading details across crypto exchanges showed that XRP bearish move occurred as trading volume plunged by 20% to $1.24 billion on Sunday. This left Ripple’s market value at about $125 billion at the time of writing, reporting about 2% weekly price depreciation. XRP saw an extreme 8,700% long/short liquidation ratio near $2 with $522K longs liquidated vs $6K shorts. The $2 level has become a magnet for liquidations, with every…

Global Equities Mixed as Markets Digest Uneven Macro Backdrop Global equities delivered a broadly mixed performance over the week as markets digested an uneven macro backdrop. Economic data showed that UK gross domestic product (GDP) rebounds to the upside despite weak industrial output. The markets took note of China’s credit expansion and revised growth projections by the World Bank. While appetite for risk assets remained intact in some regions, stockbrokers at Anchoria Securities Limited reported that investor sentiment was tempered by pockets of economic softness and renewed caution across key markets. In the US, equity benchmarks closed slightly lower as…

Oil Prices Swing , OPEC Sees Broadly Balanced Demand, Supply Oil prices rose on Friday amidst an anticipated equilibrium between global demand and supply in 2026, alongside geopolitical worries. The market recorded a sharp drop in crude oil prices on Thursday after the U.S. chose to refrain from attacking Iran. The market has begun to gain traction again. Brent crude was trading at $64.21 per barrel, up 1.8% from the previous close of $63.08. US benchmark West Texas Intermediate (WTI) also increased by around 2.1% to $60.09, compared to $58.86 in the prior session. Market sentiment improved after reports that…

Nigeria Unveils Industrialisation Policy to Boost Jobs, Value Addition The Federal Government has launched the Nigerian Industrialisation Policy aimed at driving value addition, industrial growth, and employment creation across the country. The Minister of State for Industry, Senator John Enoh, who spoke at the soft launch of the policy, said the initiative marked a strategic step in translating Nigeria’s industrial potential into measurable productivity. This was done on the sidelines of the launch of the Nigerian Economic Summit Group Macroeconomic Outlook Report for 2026 on Thursday, in Lagos. Enoh noted that the policy, approved and validated in 2025, reflected a…

Banking Index Pops as FirstHoldco, Zenith Rally Amid Block Trades The banking index popped up as the Nigerian Exchange (NGX) recorded its first red rain in 2026 with investors losing about N458 billion from their combined portfolio value. The momentum was boosted by interest in First Holdco, Ecobank Transnational Incorporation (ETI), and Zenith Bank, with huge crossed trades, including bargain hunting in FCMB and Fidelity Bank. There were profit-taking activities on top tier 1 banks like UBA, Access Holdings, and GTCO due to portfolio rebalancing ahead of the fourth quarter of 2025 earnings release. The losses in lightweight banking names…