In the secondary market for Nigerian government bonds, trading activity was mixed as investors evaluated their portfolios against targets.

The naira declined against the US dollar at the official window on Thursday, marking the seventh consecutive session of depreciation in the local currency.

The U.S. dollar weakened against other major currencies amid geopolitical concerns and trade uncertainties, fuelling negative sentiment.

Slow but steady, the Nigerian local currency, the naira, continues its downward trajectory for the sixth consecutive day, largely driven by FX liquidity shortfall in the official window.

NGX Drops as Investors Dump Shares in Big Banks The Nigerian Exchange (NGX) All-Share Index…

Buying interest in FCMB and Jaiz Bank drove the banking index higher on the Nigerian Exchange despite significant profit-taking.