- XRP Price Sinks to $0.9880 as Investors Liquidate Positions
- Crude Oil Prices Down in Week as Russian Exports Surge
- Bitcoin Falls to $67K as U.S. Yields Rise, Dollar Strengthens
- SK Hynix Tokenised bStocks Dips after HTX Announces SKHYB Listing
- Naira Closes at N1,353 Per US Dollar in Nigerian Forex Market
- DBN Inaugurates $275m Climate Finance to Boost Nigerian MSMEs
- Tinubu Flags Off $3.5bn Bakassi Deep Seaport Construction
- NGX Falls as Banking, Insurance Stocks Drag, Investors Lose N93bn
Global Economy
US and European stocks gained momentum on AI optimism; earnings expectations boosted demand for risky assets on Wednesday.
African currencies showed no clear gain from this week’s sharp fall in oil prices, with the South African rand and Botswana pula slightly weaker against the dollar and Angola’s kwanza unchanged, according to market data.
Fitch Ratings has revised the Outlook on France’s Long-Term Issuer Default Ratings (IDRs) to Negative from stable and affirmed the Long-Term IDRs at ‘A+’.
Oando Plc announced that its upstream Joint Venture (JV) with NNPC E&P Limited (NEPL), the NEPL/Oando JV, has enabled the delivery of a 60-megawatt (MW) Independent Power Plant (IPP) in Yenagoa, Bayelsa State.
Nigeria Has No Immediate Need For IMF’s Support – Edun The Minister of Finance, Wale…
Tosin Eniolorunda, ALX Host Masterclass for Women Entrepreneurs Tosin Eniolorunda, Group CEO of Moniepoint Inc.,…
The International Monetary Fund (IMF) has endorsed Nigeria’s ongoing bank recapitalisation drive. It said that stronger capital buffers are cushioning the financial system against external shocks and strengthening resilience amid intensifying global uncertainties.
The International Monetary Fund (IMF) expects global economic growth to be slightly weaker than previously forecast, warning that rising geopolitical tensions and energy disruptions are weighing on activity.
The Nigerian local currency, the naira, gained against the US dollar at the official foreign exchange market amid a surge in FX liquidity.