- CBN Drains N947bn from Financial System with OMO Bills Auction
- Ethereum Tops $1.6k after SharpLink Gaming Resumes Purchases
- Nigeria Approves $2.96bn, €200m, N215bn to Boost Economy
- NCC Earns Top Spot in BPSR 2026 MDA Rankings
- Oil Prices Rise as US, Iran Strikes Raise Supply Risks
- Rising US Inflation Brings Persistent Overshoot Into Focus
- Naira Falls as Foreign Investors’ Equity Selloffs Intensify FX Demand
- N2.34trn Wiped Off Nigerian Market as MTN, Dangote Sink
News Highlights
Global markets retreated as the geopolitical tensions’ shockwave stoked sell pressure across major exchanges. Escalating US-Iran ceasefire tensions dominated global markets, First National Bank (FNB) said in a morning brief.
Ripple’s XRP price dips to $1.36, underperforming a slightly softer broader market amid macro headwinds pressuring the entire crypto sector.
Equity investors gained N5.5 trillion in the Nigerian stock market over 5 days, supported by strong buying momentum amid the first-quarter (Q1) 2026 earnings release.
The Banking index drove momentum on the Nigerian Exchange (NGX) on Thursday as investors increased bets on Nigerian lenders amidst the fourth quarter of 2025 earnings releases.
Fitch Ratings has downgraded African Export-Import Bank’s (Afreximbank) Long-Term Issuer Default Rating (IDR) to ‘BB+’ from ‘BBB-‘ with an outlook accorded as stable.
Geopolitical risks, including those related to shifting US foreign policy, could have ramifications for emerging-market borrowers in 2026, Fitch Ratings says in a new report.
Gov. Babajide Sanwo-Olu says Lagos will continue to support the Nigerian Communications Commission (NCC) in its efforts to drive economic growth and deepen investment in the communications sector.
The Nigerian local currency, the naira, broke the FX rate barrier at the official window, trading below N1,400 per dollar
The Nigerian Education Loan Fund (NELFUND) says it extends the application deadline for the 2025/2026 academic session from Jan. 31 to Feb. 27.