The National Bureau of Statistics (NBS), says the total capital importation into Nigeria stood at 10,371.90 billion dollars in quarter one (Q1) 2026, representing about 84% year on year growth from the equivalent period in 2025.

World growth prospects have been hurt by the oil crisis prompted by the US-Iran war, Fitch Ratings says in its latest Global Economic Outlook (GEO). This has led Fitch to lower its 2026 forecast for global growth by 0.2 percentage points to 2.4%.

The South African Rand is trading steady against the US dollar and other crosses on Friday, while the latest report shows that the country’s foreign reserves fell due to weaker gold prices.

Brent topped $95 per barrel on Friday amidst tighter US sanctions against Russia and persistent geopolitical risks. Meanwhile, hopes for diplomatic progress between Washington and Tehran tempered further gains.

Space Exploration Technologies Corp (SpaceX) is preparing for a landmark initial public offering (IPO) targeting proceeds of around $ 75 billion at an implied valuation of $1.75 trillion to $ 2 trillion.

Global equities markets are heading for a mixed close this week amid easing tensions in the Middle East, while negative sentiment amplified AI stock sell-offs.