- NVIDIA Tokenised bStock Falls 2.5% to $219
- Iran Sets Steep Conditions for Reopening Strait of Hormuz
- Netanyahu Rejects U.S. Gaza Plan, Says No Withdrawal Until Hamas Fully Disarmed
- XRP Crashes as Spot ETF Inflows Sink on Cooling Buying Appetite
- Investors Warned: Read Between Bessent’s Three Moves This Week
- Money Market Rates Mixed on 36% Banking System Liquidity Surge
- Crude Oil Prices Mixed as U.S.-Iran Negotiate Indirectly
- Taraba Government Dismisses N1.2trn Debt Claims
Banking
United Capital Microfinance Bank grows capital to N5.6bn United Capital says its microfinance bank has grown its capital base from N200 million at inception…
Dangote Sugar Refinery Plc’s (Ticker: DANGSUGAR) share price nosedived by 10% as investor sentiment deteriorated after an unimpressive earnings performance.
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…