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Aradel Holdings Plc, and some banking names are driving positive momentum on the Nigerian Exchange (NGX) trading platform during early trading hours on Thursday. Investors are hunting for oil stock and Aradel Holdings has become an attractive counter amidst sustained bullish trend in the local bourse.

The global commodities market saw a decline in oil prices as the US dollar rose above its two-year high following the Fed’s rate cut.  Brent declined around $72 per barrel while US WTI plunged below $69 per barrel as dollar gain overshadowed 25 basis points Fed funds rates cut.

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