- Naira Rate Weakens on Liquidity Squeeze, FX Spread Widens
- South Africa 10-Year Bond Yield Edges Higher to 8.83%
- Tinubu Hails EFCC as Nigeria Wins $6bn Mambilla Arbitration in Paris
- Investors Trade 3.25bn Shares Valued at N238bn in Nigerian Market
- PIA: Market Forces Determines Fuel Prices – NMDPRA
- NVIDIA bStocks Gains on Regulatory Tailwinds for Tokenized Equities.
- SpaceX Tokenized bStocks Rises on SEC “Innovation Exemption” Bet
- XRP Tops $1.44 as Ripple CEO Downplays Failed CLARITY Act
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.
Selloffs in Dangote Sugar Refinery, Jaiz Bank, and other decliners dragged the Nigerian Exchange (NGX) market capitalisation down by about N102 billion on Wednesday.
The Central Bank of Nigeria (CBN) has taken delivery of responsibly sourced gold refined to London Bullion Market Association (LBMA) Good Delivery standards into its foreign reserves.
NGX Drops as Investors Dump Shares in Big Banks The Nigerian Exchange (NGX) All-Share Index…
Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.
Nigerian Bourse Hits N110trn as NGX Market Movers Move The Nigerian Exchange (NGX) hit N110…
On Friday, crude oil prices fell, while attention remains focused on the impending discussions between the U.S. and Iran set to take place in Oman.