Cement company Lafarge Africa Plc lost about 10% of its market value due to heavy sell-offs on the Nigerian Exchange. The sell pressure aligned well with broader market direction, stockbrokers said, reflecting an ongoing market correction that has lasted for three days.

The Development Bank of Nigeria (DBN) Plc says it has disbursed more than N1 trillion to over one million Micro, Small and Medium Enterprises (MSMEs), supporting the creation of more than 1.6 million jobs since inception.

MTN Nigeria Plc lost about 7% of its market value on Wednesday as investors trimmed their holdings in the telecommunication company’s shares.

First Holdco Plc dropped by more than 16.78% in three days due to aggressive selloffs by the company’s shareholders in the stock market. The financial services company’s negative performance aligned with broader sentiment in the Nigerian Exchange.

Ripple (XRP) fell to $1.20 on Wednesday, underperforming a broadly weaker crypto market, driven primarily by a risk-off macro sell-off. The move aligns with Bitcoin’s 2.89% drop, indicating a beta-driven decline amid heightened geopolitical tensions and institutional ETF outflows.

The Central Bank of Nigeria (CBN) hiked treasury bill rates after the authority kept the monetary policy rate at 26.5% last month as inflation accelerated toward 16%.

Analysts at CardinalStone Securities Limited have jerked up their target price for Transnational Corporation to N69.71 per share, citing the TransAfam turnaround as the reason for their buy recommendation.

NEAR Protocol (NEARUSD) gained 13% in 24 hours to $2.88, sharply outperforming a declining Bitcoin and broader market, primarily driven by a sector rotation into AI-focused cryptocurrencies.

The Zambian authorities’ tender offer to buy back its Bond B does not constitute a distressed debt exchange (DDE), Fitch Ratings says.

UK manufacturing continues to recover in May despite rising consumer price inflation and supply chain pressures, S&P Global said in its monthly purchasing manager index (PMI)