The Nigerian Exchange (NGX) sustained its bullish momentum on Friday, closing the week on a positive note, with investors gaining N119 billion.

Brent crude price topped $90 on Friday, reaching its highest level since April 2024, as escalating conflict in the Middle East heightened concerns over disruptions to global energy supplies.

The naira depreciated slowly and steadily over 13 consecutive trading sessions at the Nigerian Foreign Exchange Market (NFEM), according to trading data tracked by MarketForces Africa.

Industrial, Oil Stocks Drive Momentum in Nigerian Market Industrial and oil and gas stocks propelled momentum in the Nigerian stock…

XRP Retail Investors Take Profit; Price Slides Ripple (XRP) has experienced a more than 3% price decline over the last…

The Federal Government (FG) is to establish a digital registry for radiographers and strengthen regulatory oversight to eliminate quackery in the profession and improve regulation in Nigeria’s diagnostic healthcare services.

The European Union (EU) and the Gulf Cooperation Council (GCC) have strongly condemned what they described as unjustifiable Iranian attacks on GCC countries, saying the action threatens regional stability and global security.

OKB token surged approximately 24% within a 24-hour period, reaching $97.35 on Friday, significantly outperforming a declining broader market. With a $2.04 billion market cap, this rally was primarily driven by a dramatic increase in activity on exchange platforms.

The average yield on Nigerian Treasury bills rose 8 basis points to settle at 17.31%, reflecting diminished investor sentiment and a less supportive climate in the secondary market.

The Central Bank of Nigeria (CBN) increased its intervention in the forex market during the week by injecting an $300 million to reduce the naira’s all-week negative fluctuations.