Bitcoin (BTC) price declined by 4.11% to $70,208.55, underperforming a broadly weaker crypto market, primarily driven by sustained institutional selling and heightened geopolitical risk.

Nigeria’s Assets Under Management (AUM) increased from N3.2 trillion to N10 trillion within the last two years, the Securities and Exchange Commission (SEC) has said.

The Supreme Court on Monday dismissed an appeal seeking the dissolution of the merger between Providus Bank Limited and Unity Bank Plc.

Equities investors lost N181 trillion in a swoop on Monday over risk-off sentiment spotted across key sectoral indices.  The Nigerian Exchange (NGX) opened trading for the month in negative territory, with key market performance indicators declining by 1.3%. 

The Initiates Plc has strengthened its strategic position in East Africa following the acquisition of an additional 20% equity stake in its Ugandan subsidiary, The Initiates Uganda (TIU), raising its ownership interest from 35% to 55%.

The naira rallied against crosses in the currency market as proceeds from Nigeria’s hydrocarbon sales continue to boost the country’s foreign reserves.