The Nigerian Exchange (NGX) All-Share Index (ASI) surged 57 basis points on Tuesday, driven by buying interest in banking, industrial, and oil & gas stocks.

Fitch Ratings has affirmed Access Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ with a Stable Outlook. Fitch has also removed the National Long-Term Rating from Rating Watch Positive (RWP), affirmed it at ‘AA-(nga)’ and assigned a stable outlook.

 Dangote Petroleum Refinery has reduced the price of aviation fuel, also known as Jet A1, from N1,750 to N1,650 per litre. The company said the move is aimed at reducing the financial burden on airline operators and ensuring a steady nationwide fuel supply.

 The Securities and Exchange Commission (SEC) says the transition to a T+1 settlement cycle for equities and commodities transactions will take effect from June 1.

The Executive Chairman of the Nigeria Revenue Service (NRS), Dr Zacch Adedeji, says the service is targeting N40 trillion in tax revenue for the federation in 2026.

Money Market Rates Mixed as Liquidity Drops by 39% Money market rates showed mixed performance…