- Equities Investors Lost N1.47trn as Dangote Cement, Zenith Bank Dip
- Return to Fuel Subsidy Could Push Exchange Rate to N4k/$ -Oyedele
- DMO Hikes Interest Rates on Nigerian Government Bonds
- Daily FX Update: Naira Depreciates as FX Liquidity Tightens
- NGX Market Cap Sinks Below N160trn as Bears Strike Harder
- Deutsche Bank Adds Nigeria to Forex Watchlist, Bullish on Naira
- EIB Global, FCMB to Support Private Sector, Sustainable Agriculture with €85m
- Ripple XRP Stages Price Recovery as Sell Pressure Eases
News
Equities investors lost about N1.47 trillion in the Nigerian stock market as sell pressure hit Dangote Cement and tier-1 banking on Monday, trading data revealed.
South African Rand Strengthens on Softer US Dollar, Bonds Rally The South African rand gained…
Global equities opened on a mixed note after renewed tensions between the US and Iran weighed on sentiment, while investors reacted to a sharp surge in oil prices.
Oil prices edged lower on Tuesday after surging more than 5% in the previous session, as conflicting signals from Washington and Tehran over the future of US-Iran negotiations prompted investors to reassess geopolitical risks in the Middle East.
Benchmark yield on Nigerian government bonds eased slightly to 16.31% in the secondary market at the beginning of the week as investors rotated funds away from risky equities.
Ripple’s XRP is down 3.50% to $1.27 in 24h, closely tracking a broader crypto market sell-off primarily driven by institutional risk-off sentiment and leveraged liquidations.
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.