- Global Equities Markets Down as Rising Energy Costs Stoke Selloffs
- Seplat Energy Extends Bullish Run as Stock Surges N1,355.20 in One-Day Rally
- Brent Hovers Around $106 as Crude Oil Prices Ease
- Nigeria Customs Begins Final Recruitment Screening of Candidates
- Nigerian Naira Climbs as CBN Sells U.S. Dollar to Banks
- XRP at $1.35 as Ripple Announces GSmart AI Agent Expansion
- Bitcoin Price Slides to $77.2k on Institutional Exits
- Seplat, Access, GTCO Stop Bear Parade in Nigerian Stock Market
News
Global equities markets declined as rising energy costs dampened investor sentiment, stoking selloffs across the US and Europe, among others.
Fitch Ratings has upgraded Wema Bank PLC’s Long-Term Issuer Default Rating (IDR) to ‘B’ from ‘B-‘ and its Viability Rating (VR) to ‘b’ from ‘b-‘. With stable outlooks, Fitch also upgraded Wema’s National Long-Term Rating to ‘A(nga)’ from ‘A-‘(nga)’.
The Nigerian naira opened the month of May slightly stronger as foreign reserves continue to climb again, following fresh inflows from hydrocarbon sales and offshore investors’ portfolio building.
Kidnapping: NUT Directs Oyo Teachers to Begin Indefinite Strike June 1 The Nigeria Union of…
Oil prices edge higher during early hours on Monday as renewed tensions in the Middle East between the US and Iran heightened concerns over potential supply disruptions.
Federal Workers Reject N100,000 Minimum Wage Proposal The Federal Workers Forum (FWF) has rejected the…
Rand is trading steady against the US dollar, Euro and British pound on Monday as markets continue to digest the South African Reserve Bank (SARB)’s 25-basis-point interest rate hike last week.