Vice President Kashim Shettima has implored state governments to unlock the potential of the 750 million dollars World Bank-assisted State Action on Business Enabling Reforms (SABER) programme.

Zcash (ZEC) climbed by about 11% to $604.03, sharply outperforming a declining market, driven primarily by a positive reaction to a swift security fix.

Wema Bank Plc’s market value declined by more than 9% due to heavy sell-offs on the local bourse on Tuesday. Its sharp price depreciation aligned with a broader downturn in the stock market.

Equity investors lost N478 billion on the Nigerian Exchange (NGX) due to sustained bearish activity. The stock market closed on a negative note, with key performance indicators mixed due to new shares being listed.  The All-Share Index (ASI) declined by -0.35%, while the market capitalisation plunged by -0.30%.

The Central Bank of Nigeria (CBN) is scheduled to open Nigerian Treasury bills worth N700 billion across standard tenors at the primary market auction on Wednesday.

Ripple (XRPUSD) is down 6.4% over 24 hours to $1.21 on Tuesday, closely tracking a broader crypto market sell-off that is primarily driven by Bitcoin’s weakness.