- 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.
Global equities markets are heading for a mixed close this week amid easing tensions in the Middle East, while negative sentiment amplified AI stock sell-offs.
Bitcoin price (BTCUSD) nosedived to $61,491, underperforming the broader market’s 4.46% decline and was driven primarily by sustained institutional selling pressure.
Ethereum (ETHUSD) price fell 8.05% over the last 24 hours to $1,638.21, underperforming the broader market decline and was primarily driven by a sector-wide altcoin sell-off.
Ripple (XRP) has lost about 8% in the last 24 hours, trading at $1.10 on Friday on sustained institutional selloffs, and technical breakdown.
Africa Finance Corporation (AFC) has successfully raised a record US$2 billion syndicated loan, underscoring strong global investor support for the rapid buildout of integrated infrastructure and industrial platforms shaping Africa’s next phase of economic growth.
The naira mixed on Thursday, slipping against the US dollar (US$) at the Nigeria Foreign Exchange Market (NFEM) as international payments surpassed FX supply.