- NVIDIA Tokenized bStocks Down on Broader Crypto Selloffs
- XRP Lost 7% as Investors Take Quick Profits in Altcoins
- 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%
News
NVIDIA Tokenized bStocks (NVDAB) is down 1.54% to $210.30 in 24h, underperforming a broadly weaker crypto market primarily driven by a macro-driven sell-off in Bitcoin.
Ripple (XRP) price is down 6.95% in 24 hours to $1.23 on Thursday, underperforming a broader market decline and driven mainly by a sector-wide altcoin retreat.
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.
Wall Street and the FTSE 100 declined as risk aversion dampened sentiment across global equities. Escalating tensions in the Middle East set the tone for global risk aversion, with overnight US-Iran exchanges weighing on sentiment and driving a broad pullback in equities.
Cement company Lafarge Africa Plc lost about 10% of its market value due to heavy sell-offs on the Nigerian Exchange. The sell pressure aligned well with broader market direction, stockbrokers said, reflecting an ongoing market correction that has lasted for three days.
The Development Bank of Nigeria (DBN) Plc says it has disbursed more than N1 trillion to over one million Micro, Small and Medium Enterprises (MSMEs), supporting the creation of more than 1.6 million jobs since inception.
MTN Nigeria Plc lost about 7% of its market value on Wednesday as investors trimmed their holdings in the telecommunication company’s shares.
First Holdco Plc dropped by more than 16.78% in three days due to aggressive selloffs by the company’s shareholders in the stock market. The financial services company’s negative performance aligned with broader sentiment in the Nigerian Exchange.
Ripple (XRP) fell to $1.20 on Wednesday, underperforming a broadly weaker crypto market, driven primarily by a risk-off macro sell-off. The move aligns with Bitcoin’s 2.89% drop, indicating a beta-driven decline amid heightened geopolitical tensions and institutional ETF outflows.