The Executive Board of the International Monetary Fund (IMF) has announced the approval of Rwanda’s request for a 38-month arrangement under the Extended Credit Facility (ECF) with access to SDR 185.031 million (115.5 per cent of quota) and authorised an immediate disbursement of SDR 26.433 million (about US$35.7 million).

Equities investors gained more than N714 billion as the Nigerian Exchange (NGX) All-Share Index rebounded from the broader sell-off reported last week.

Iranian military on Monday announced that the country will cease attacking Israel after having given a “painful response” to Israeli attacks on Lebanon.

Bitcoin price (BTCUSD) topped $63k on Monday, recovering from a steep weekly decline, primarily driven by a massive short squeeze triggered by geopolitical optimism.

The Central Bank of Nigeria (CBN) raised a total of NGN4.5 trillion through OMO and Treasury bills last week, as investor demand for naira assets remains strong via primary market auctions (PMAs)

DeXe price (DEXEUSD) climbed 14.76% to $22.67, significantly outperforming Bitcoin’s +1.7% gain, driven primarily by a broad rotation into high-performing altcoins.

The South African rand is trading flat against crosses on Monday as a surprise US May jobs report fueled a broad dollar rally and crushed emerging-market currencies.

Global equities markets closed on a bearish note on Friday, with Wall Street, the FTSE 100, and the Euro Stoxx 50 indices falling week-on-week as geopolitical disruptions dampened investor sentiment.

Oil prices surged by about 5% on Monday as escalating tensions in the Middle East heightened concerns over potential supply disruptions amidst airstrikes.

Nigeria will leverage the €59 million West Africa Sustainable Ocean Programme (WASOP) to combat illegal, unreported and unregulated (IUU) fishing and strengthen marine resource management.