Global equities markets rally on AI and tech stock momentum following a marked shift towards risk assets on signals of easing US-Iran tensions. 

Fitch Ratings has affirmed African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) at ‘AAA’ with a stable outlook.

The naira depreciated against the US dollar to N1,363.8250 at the Nigerian foreign exchange market (NFEM) as interbank FX turnover declined.

Equities investors lost about N73 billion as the Nigerian Exchange (NGX) All-Share Index (ASI) dipped on Thursday ahead of the Democracy Day holiday.

Ripple (XRP) slipped to $1.10 on Thursday from $1.13, as the price failed to respond positively to improved fundamentals and underperformed a slightly positive broader market.

Binance coin (BNB) price rose by 1% to $600 on Thursday, slightly outperforming a modest market-wide bounce, driven by a relief rally following softer-than-expected U.S. core inflation data.