Global equity markets were relatively subdued, with the United States (US) markets closed for Memorial Day and the United Kingdom’s (UK) markets closed for a bank holiday, leaving continental European bourses to set the tone.

The Nigerian stock market edged higher on a rally in telco and banking indices. Buying interest in the telecommunications giant AIRTELAFRI, which reached a new year-high of NGN3,655.70, pushed the local bourse to a bullish close in the first trading session of the week.

Toncoin Gains 10%, Cluster of Ecosystem Updates Drive Rally Toncoin gained about 10% over 24…

TRON (TRX) gained 2% in 24 hours to $0.372, outperforming a flat broader market, primarily driven by its fundamental utility as a leading stablecoin settlement layer. TRX price increase over solid utility and technical momentum, though overbought readings suggest near-term volatility.

The average yield on Nigerian Treasury Bills dipped in the secondary market as investors ramped up their holdings of naira-denominated assets, with optimism about economic growth boosting sentiment.

The naira recorded a market-wide rally as Nigeria’s economy expanded in the first quarter of 2026, according to the statistics office, with FX data showing the dollar retreated on Middle East hope.