- Moody’s Changes Nigeria’s Credit Rating Outlook to Positive
- Investors Trim Nigerian Bond Holdings Over Shrinking Rates
- Money Market Liquidity Tightens as CBN Steps Up OMO Actions
- XRP Falls as Ripple Prime Opens Wall Street Swap Desk
- Cardano Price Falls to $0.20 on Altcoin Sell Pressure
- Fitch Affirms France at ‘A+’ with Stable Outlook
- MTN Nigeria Dips Ahead of Scheduled Dividend Payments
- First Holdco Hits N6.6trn on 60% Distributable Profit Bets
News Highlights
Equities investors trading highs and lows in the Nigerian Exchange (NGX) lost about N801 billion as buying momentum eased on Wednesday.
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.
The British pound (GBPUSD) fell to 1.33 against the US dollar, the lowest since December 2025, as the UK economy
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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.