Global equities markets rally on AI and tech stock momentum following a marked shift towards risk assets on signals of easing US-Iran tensions. 

Fitch Ratings has affirmed African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) at ‘AAA’ with a stable outlook.

The naira depreciated against the US dollar to N1,363.8250 at the Nigerian foreign exchange market (NFEM) as interbank FX turnover declined.

Equities investors lost about N73 billion as the Nigerian Exchange (NGX) All-Share Index (ASI) dipped on Thursday ahead of the Democracy Day holiday.

Ripple (XRP) slipped to $1.10 on Thursday from $1.13, as the price failed to respond positively to improved fundamentals and underperformed a slightly positive broader market.

Binance coin (BNB) price rose by 1% to $600 on Thursday, slightly outperforming a modest market-wide bounce, driven by a relief rally following softer-than-expected U.S. core inflation data.

Ethereum (ETH) price rose slightly in the cryptocurrency market on Thursday, following a surge in the US inflation rate to 4.2% in May and renewed tensions between Washington and Tehran.

Bitcoin price (BTC) climbed by about 2% over the past 24 hours to $62,756, outperforming a modestly rising broader market, primarily driven by a macro relief rally.

 The Ministry of Foreign Affairs has received the first batch of Nigerian nationals evacuated from the Republic of South Africa due to recent xenophobic attacks.

Access Holdings Grows Shareholders’ Funds to N4.33trn Access Holdings Plc says its shareholders’ funds rose to N4.33 trillion in the…