Sectoral rotation in the Nigerian Exchange (NGX) trading platform plunged the local bourse’s key performance indicators lower on Monday.

Nigeria’s headline inflation rate edged higher to 15.69% in April 2026 from 15.38% recorded in March, according to the latest data released by the National Bureau of Statistics, marking the highest inflation reading in five months despite remaining significantly below the 26.82% level recorded in April 2025.

Bitcoin (BTC) price declined to $76,179.93, underperforming a broadly weaker market, primarily due to a sharp reversal in institutional demand for exchange-traded funds (ETFs).

Equity investors trading highs and lows on the Nigerian Exchange (NGX) lost about N81 billion as the local bourse experienced significant selling pressures in key stocks.

The naira depreciated against the US dollar on Monday at the Central Bank of Nigeria’s Foreign Exchange Market (NFEM) as FX inflow remained stiff.

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Ripple (XRP) price dropped by about 3% to $1.38 on Monday, underperforming a broadly weaker crypto market amid a macro risk-off sell-off.

Offshore or foreign portfolio investment inflows accounted for more than 59% of the US dollars available at Nigeria’s foreign exchange market, details released by the research unit of Coronation Merchant Bank Limited revealed.