- Tier-1 Banks Stocks Drive Momentum in Nigerian Exchange
- Dubai Rises to Second Place in Intelligence Cities Index
- PTDF Unveils Plans to Support Tinubu’s $1trn Economy Agenda
- Nigeria Moving From Counting Megawatts to Powering More Communities – Tegbe
- Cardano Momentum Eases on Technical Pullback, Hovers at $0.20
- FCTA Reaffirms Commitment to Supporting Female Entrepreneurs to Thrive
- RMAFC Moves to Strengthen Revenue Monitoring, Fiscal Accountability
- Equities Market Records N235bn Gain
News
The Nigerian stock market cap and all-share index were boosted by investors’ buying interest in top banking names, according to trading data from the local exchange.
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.
Ethereum (ETH) price rose slightly in the cryptocurrency market on Thursday, following a surge in the US inflation rate to 4.2% in May and renewed tensions between Washington and Tehran.