- 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 short-term benchmark interest rates mixed as a huge OMO bill debit strained liquidity conditions in the money market. The outflow pushed funding costs higher at the close of business on Thursday.
Bitcoin (BTCUSD) fell 5.54% over the last 24h to around $84k, underperforming the broader cryptocurrency market’s 5.04% drop. The decline has knocked down global market capitalisation below $3 trillioin, as Ethereum and other top altcoins plunged.
Ripple (XRPUSD) slumped 5.43% over the last 24h to $1.80, underperforming the broader crypto market’s 4.8% drop. Top crypto assets have seen significant losses as sentiment waned.
Zenith Bank Plc has inched closer to N3 trillion in market capitalisation ahead of the release of fourth-quarter 2025 earnings. The bank share price has crossed N71 again, reflecting sustained investor demand.
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