- Airtel Africa Gains 21%, Market Value Surges Near N20trn
- Seplat Ends Routine Gas Flaring, Expands LPG Investment – Official
- MTN Nigeria Loses N1.7trn as Investors Exit Positions
- XRP Rises as Citigroup Revises Forecast for US Fed Rate Policy
- Naira Swings Narrow Exchange Rate Gap Across FX Markets
- Recent Nigerian Market Losses Expose Hard Lessons Every Investor Must Learn
- Nigerian Bonds Sell Off as Markets Await Q3 Borrowing Plan
- Ripple Dips Amidst Surge in XRPUSD Long Position on Bitfinex
News
Telecommunication company Airtel Africa Plc spiked by about 21% in the equities market, hitting a 52-week high of N5274 per share as investors ramped up volume.
Ripple (CRYPTO: XRP) price is down 1.51% to $1.35 over the past 24h, underperforming a slightly weaker broader market, primarily due to a technical rejection at key resistance and a sector-wide rotation away from altcoins.
The International Monetary Fund (IMF) has endorsed Nigeria’s ongoing bank recapitalisation drive. It said that stronger capital buffers are cushioning the financial system against external shocks and strengthening resilience amid intensifying global uncertainties.
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The World Bank Group, through its private-sector arm the International Finance Corporation (IFC), and Citi have signed a new 1.6 billion South African rand borrowing facility that will expand IFC’s ability to provide local currency (LC) financing in South Africa.
Ripple’s XRP has been hovering around $1.36 over the past 24h, modestly trailing a broader crypto rally, primarily driven by a major adoption catalyst in Japan. The price has been lifted from $1.30 due to optimism following Ripple’s privacy upgrade for banks, amidst strong Wall Street adoption.