- XRP is down 0.71% to $1.25 as Open Interest Falls
- Abia has Repaid Over N90bn Debt in 3 years — Otti
- HYPE Falls by 6% as ICE Plans Regulated US Perps on Hyperliquid
- Bitcoin Sinks Below $77k as Binance Security Breach Stokes Sell-Off
- Market Wrap: Oil Prices Inched Higher Slightly in 5 Days
- Power Sector Privatisation Failed Due to Tariff, Process Abuses- Nnaji
- Obasanjo Cautions Against Uncontrolled AI, Urges Local Solutions
- OPay Updates Investors Community after NYSE Debut
News
Ripple (XRP) is down 0.71% to $1.25 in 24 hours, underperforming a slightly weaker broader market, driven by selling pressure following a major exchange hack.
Hyperliquid (HYPE) dropped by about $6 in 24 hours to $87.69, underperforming a slightly weaker broader market, driven by leveraged long positions unwinding after the coin failed to break its all-time high.
Oil prices surged modestly week on week as concerns about possible US military action against Iran and threats to Middle East supplies offset hopes for renewed talks.
Mrs Oritsemeyiwa Eyesan, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says Nigeria’s oil and gas sector is undergoing a transformation driven by growing local participation, climate targets and renewed investment momentum.
XRP is up 0.61% to $1.40 as Swiss-regulated platform TrustLinq integrated Ripple Payments into its live infrastructure. This boosted investor sentiment, driving a 135% surge in trading volume to $2.7 billion on Monday.
The naira rallied against the US dollar at the Nigerian foreign exchange market (NFEM) on Monday, reflecting improved liquidity in the official window. The naira climbed to N1365, according to the daily FX published by the Central Bank of Nigeria, from N1374.94 at last week’s close.
The Central Bank of Nigeria (CBN)’s foreign-exchange market intervention dollar injections declined by 83%, putting significant pressure on the local currency.
The NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a potential Technical Equity Partnership in support of the completion and operation of the Port Harcourt and Warri Refineries.
Equity Investors Gain N63 bn in Nigerian Stock Market The Nigerian Exchange (NGX) market capitalisation…