- Oil Prices Rise over US-Iran Peace Talks Uncertainty
- XRP Tops Up as MasterCard Acquires Ripple’s Partner BVNK
- NEC Approves Refinancing of $3.3bn Project Gazelle
- South African Rand Weakens as U.S. Dollar Index Rebounds
- Wall Street, European Markets Rally on Global Inflation Relief Bets
- Bitcoin Trades Sideways as Strategy Inc. Reduces BTC Holding
- Ethereum Hovers at $1.85k as BitMine Hikes ETH Holdings to 4.8%
- Banking System Surplus Liquidity Rises 70%, Interbank Rates Mixed
Stock Market
The Nigerian stock market edged higher on Monday as investors gained more than N288 billion following a sharp positive price appreciation in some tickers.
The Nigerian stock market capitalisation closed at N158.70 trillion at the end of July with a year-to-date return of 57.62% following significant sell-offs last week.
Zenith Bank, Access Holdings, FirstHoldco, among others, dragged the Nigerian Exchange (NGX) down by more than N1 trillion, further reducing year-to-date returns.
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