- 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.
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.