- 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
- Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings
- T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion
- Oil Prices Rise on Tit-for-Tat US, Iranian Strikes
- XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume
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.
XRP Gains as Ripple’s XRPL Upgrade Fixes Vulnerabilities XRP is up 2.00% to $1.41 in…
CBN Directs Banks to Block Loan Defaulters from Accessing Credit The Central Bank of Nigeria…
BUA Cement and Transcorp Hotel Plc, among others, drove momentum in the Nigerian Exchange (NGX) trading platform with a surge of about N649 billion in market capitalisation.
The average yield on Nigerian Treasury bills rose 8 basis points to settle at 17.31%, reflecting diminished investor sentiment and a less supportive climate in the secondary market.
Dangote Sugar Refinery Plc’s (Ticker: DANGSUGAR) share price nosedived by 10% as investor sentiment deteriorated after an unimpressive earnings performance.
Selloffs in Dangote Sugar Refinery, Jaiz Bank, and other decliners dragged the Nigerian Exchange (NGX) market capitalisation down by about N102 billion on Wednesday.