- Bitcoin Price Rises to $80k on Force Buying, Oversold Rebound
- Court to Deliver Judgment in El-Rufai’s N10bn Rights Suit
- Naira Dips Near N1,348 on FX Demand, Supply Imbalance
- Transcorp Power Spikes 10% as Investors Stake Post-Earnings Bets
- Transcorp Power, Banks Stock Drive Equities Rally, NGX Index Rises
- Senate Receives Tinubu’s Request for N10.79trn External Borrowing
- Interest Rates on Nigerian Treasury Bills Fall Across Tenors
- SK Hynix Tokenised Stock Dips 4% as Asian Tech Shares Fall
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Ripple (XRP) inches higher to $1.43, up by about 1% in 24h, slightly outperforming a flat broader market, driven by modest capital rotation into altcoins.
The naira dropped at the official window, settling at N1346 per dollar as the rally slowed down after early momentum. For three consecutive trading sessions, the local currency has been pulling back due to increased demand for the US dollar in the currency market.
The Nigerian Exchange (NGX) closed the week on a positive note, as key market performance indicators rose by 0.99%. The market rally was driven primarily by continued buying interest amid positive trading momentum in medium and large-cap stocks across key market sectors.