Standard Bank Group has reaffirmed its commitment to support the growth of Dangote Industries Limited, pledging backing for the planned listing of the Dangote Petroleum Refinery while expressing readiness to finance future expansion projects across the continent.

Oil prices rose as markets weighed renewed supply concerns following fresh US strikes against Iran. Brent crude traded at $91.46 per barrel, up around 0.01% from the previous close of $91.45. US benchmark West Texas Intermediate (WTI) rose about 0.01% to $88.19 per barrel, compared with $88.2 in the previous session.

The naira opens strong at the Nigerian foreign exchange market (NFEM) and climbs against the US dollar, Euro and British pound on Wednesday following a lighter rally in the previous session.

The Kebbi Investment Promotion Agency (KIPA) has attracted foreign investors’ commitments worth $4.10 billion across all sectors. The Director-General of the agency, Dr Muhammad Kabir, disclosed this at a press conference in Birnin Kebbi on Tuesday.

The equities market extended its bullish run on Tuesday, with the Nigerian Exchange (NGX) All-Share Index (ASI) advancing by 0.53% to close at 244,697.62 points.

With a double-digit decline in its trading volume on Tuesday, Ripple (XRP) has been significantly sold off, with a 22% decline in market price over the last 30 days.