- Sterling Financial Bolsters Earnings, Grows Profit by 37% to N97.28bn
- South African Rand Steadies as Investors Digest Fed Rates Decision
- Nigeria’s 20-Year US Dollar Bond Yield Falls to 8.50%
- UK, Nigeria Seek Investment in Small Hydropower Projects
- Fidelity Bank Redeems $400 Million Eurobond at Maturity
- Oil Prices Ease on Hope of Fresh US-Iran Talks, Brent Dips to $110
- Excess Liquidity in Banking System Eases to N8.6trn, Rates Diverge
- Naira Sustains Rally as Interbank FX Turnover, Deal Counts Dip
News
Sterling Financial Holdings Company PLC has announced its unaudited results for the nine months ended 30 September 2026, reporting strong earnings growth, balance sheet expansion and a stronger equity base.
The South African rand traded steady on Thursday as global investors began digesting the US Federal Reserve’s decision to hold the fed funds rate unchanged at its committee meeting.
Yields on Nigeria’s sovereign US dollar bonds slipped across the short, belly, and long ends of the curve as foreign portfolio investors and asset managers returned to international markets and piled into oil-linked issuers.
Oil prices rose as markets weighed renewed supply concerns following fresh US strikes against Iran. Brent crude traded at $91.46 per barrel, up around 0.01% from the previous close of $91.45. US benchmark West Texas Intermediate (WTI) rose about 0.01% to $88.19 per barrel, compared with $88.2 in the previous session.
The naira opens strong at the Nigerian foreign exchange market (NFEM) and climbs against the US dollar, Euro and British pound on Wednesday following a lighter rally in the previous session.
The Kebbi Investment Promotion Agency (KIPA) has attracted foreign investors’ commitments worth $4.10 billion across all sectors. The Director-General of the agency, Dr Muhammad Kabir, disclosed this at a press conference in Birnin Kebbi on Tuesday.
The equities market extended its bullish run on Tuesday, with the Nigerian Exchange (NGX) All-Share Index (ASI) advancing by 0.53% to close at 244,697.62 points.
With a double-digit decline in its trading volume on Tuesday, Ripple (XRP) has been significantly sold off, with a 22% decline in market price over the last 30 days.
Cardano price (ADAUSD) dipped by about 3% to $0.1658 on Tuesday, driven by a risk-off move across crypto amid extreme fear. Trading volume is down 16% with $243 million in transaction value.