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Ripple (XRP) inches higher to $1.43, up by about 1% in 24h, slightly outperforming a flat broader market, driven by modest capital rotation into altcoins.
The naira dropped at the official window, settling at N1346 per dollar as the rally slowed down after early momentum. For three consecutive trading sessions, the local currency has been pulling back due to increased demand for the US dollar in the currency market.
The Nigerian Exchange (NGX) closed the week on a positive note, as key market performance indicators rose by 0.99%. The market rally was driven primarily by continued buying interest amid positive trading momentum in medium and large-cap stocks across key market sectors.