The International Monetary Fund (IMF) has endorsed Nigeria’s ongoing bank recapitalisation drive. It said that stronger capital buffers are cushioning the financial system against external shocks and strengthening resilience amid intensifying global uncertainties.

The World Bank Group, through its private-sector arm the International Finance Corporation (IFC), and Citi have signed a new 1.6 billion South African rand borrowing facility that will expand IFC’s ability to provide local currency (LC) financing in South Africa.

Ripple’s XRP has been hovering around $1.36 over the past 24h, modestly trailing a broader crypto rally, primarily driven by a major adoption catalyst in Japan. The price has been lifted from $1.30 due to optimism following Ripple’s privacy upgrade for banks, amidst strong Wall Street adoption.