- Naira Climbs as Interbank FX Turnover Declines by 80%
- Nigerian Exchange Indicators Surge as Investors Gain N779bn
- XRP Hovers at $1.30 as Ripple Says Customers, Partners Increase 3x
- 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
News
The naira climbed against the US dollar at the Nigerian Foreign Exchange Market (NFEM) on Thursday, the third straight rally since the beginning of the week.
Nigeria’s Total Capital Importation Rises to $10.37bn in Q1 2026 The National Bureau of Statistics(NBS),…
The National Bureau of Statistics (NBS), says the total capital importation into Nigeria stood at 10,371.90 billion dollars in quarter one (Q1) 2026, representing about 84% year on year growth from the equivalent period in 2025.
World growth prospects have been hurt by the oil crisis prompted by the US-Iran war, Fitch Ratings says in its latest Global Economic Outlook (GEO). This has led Fitch to lower its 2026 forecast for global growth by 0.2 percentage points to 2.4%.
The South African Rand is trading steady against the US dollar and other crosses on Friday, while the latest report shows that the country’s foreign reserves fell due to weaker gold prices.
Brent topped $95 per barrel on Friday amidst tighter US sanctions against Russia and persistent geopolitical risks. Meanwhile, hopes for diplomatic progress between Washington and Tehran tempered further gains.
Space Exploration Technologies Corp (SpaceX) is preparing for a landmark initial public offering (IPO) targeting proceeds of around $ 75 billion at an implied valuation of $1.75 trillion to $ 2 trillion.