Oil prices briefly surpassed $120 per barrel on Monday as tensions between the U.S. and Iran kept the global commodity market on edge. Supply concerns intensified sharply after Iran blocked a critical shipping channel.

Oil prices spiked on Monday due to escalating conflict in the Middle East and threats to energy shipments through the Strait of Hormuz, raising fears of potential supply disruptions.

Jaiz Bank Plc lost more than 18% of its market value over the last five trading sessions in the Nigerian Exchange (NGX), extending its losses despite a strong rally in the local bourse.

Oando Plc saw a 19% rise in its stock price over the past five trading sessions, as energy stocks drew increased investor interest amid ongoing geopolitical conflicts.

Money market analysts anticipate that robust primary market repayment of N2.4 trillion will play a pivotal role in strengthening liquidity in the financial system. This anticipated surge in liquidity is primarily driven by inflows from matured Open Market Operations (OMO) and Treasury bills.

XRP Dips as Standard Chartered Cuts Price Target by 65% Ripple (XRP) declined by about…