The Nigerian stock market shed N4.41 trillion over the last five trading sessions as investor sentiment turned negative, with some efforts channelled into portfolio rebalancing.

Bitcoin Cash price (BCHUSD) declined by 3% to $214.5 on Saturday, primarily driven by a broad market sell-off amid extreme fear sentiment.

Hyperliquid (HYPEUSD) declined by 6% to $56.87, underperforming a broader market that was also declining, primarily driven by a major scheduled token unlock.

The Nigerian Exchange Group (NGX Group) says the anticipated Initial Public Offering (IPO) of Dangote Refinery and Petrochemicals is being positioned as an African investment opportunity.

Brent and US West Texas Intermediate (WTI) climbed as the oil market extended its weekly rally on renewed geopolitical tensions in the Middle East and concerns over disruptions to crude flows through the Strait of Hormuz.

The crypto market capitalisation plunged to $2.1 trillion over 24 hours, primarily driven by a massive cascade of liquidations that amplified selling pressure.

Ripple (XRP) price declined 5% to $1.07 during the early trading session on Saturday, underperforming a broadly weak crypto market primarily driven by whale distribution colliding with persistent U.S. regulatory uncertainty.

The naira softened against the US dollar as international payments outweighed FX liquidity at the Nigeria Foreign Exchange Market (NFEM) on Friday, according to an official report from the authority.

Fitch Ratings has upgraded South Africa’s Long-Term Issuer Default Ratings (IDRs) to ‘BB’ from ‘BB-‘ with an outlook accorded as stable.

The Nigerian Exchange (NGX) All-Share Index rebounded on Friday, as Tier-1 bank and Lafarge Africa stocks halted the downtrend in the local bourse after 4 days.