- 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.
The global markets were mixed as artificial intelligence (AI) and tech stocks drove Wall Street higher last week, supported by optimism over US-Iran peace talks.
The Federal Workers Forum (FWF) has rejected the proposed N100,000 national minimum wage, describing it as inadequate and incapable of addressing prevailing economic realities facing Nigerian workers.
Money market liquidity topped N6 trillion at the close of the trading session last week despite a substantial rise from the open market operation conducted by the Apex Bank.
Ethereum (ETHUSD) declined below $2k as sellers continue to dominate trading activities in the cryptocurrency market.
The Nigeria Employers’ Consultative Association (NECA) says businesses across the country are yet to fully experience the expected benefits of the Federal Government’s ongoing economic reforms.
The average yield on Nigerian Treasury bills eased slightly by 6 basis points (bps) week on week to 17.51% on Friday, as deposit money banks and other portfolio managers remain bullish.