GCR Ratings has affirmed the national scale long-term and short-term issuer ratings of BBB(NG) and A3(NG), respectively, accorded to Quest Merchant Bank Limited – formerly FBNQuest Merchant Bank Limited – with the outlook revised to stable from Rating Watch Negative.

XRP price stabilises around $1.38 on optimism after Ripple Chief Executive Brad Garlinghouse reiterated that the token remains the company’s guiding “North Star.”

The global crypto market cap rose to $2.57 trillion on Wednesday as the Hong Kong Monetary Authority (HKMA) and HSBC flagged fake stablecoins, prompting capital to rotate towards the top digital assets.

Guaranty Trust Holding Company’s (GTCO) net profit slipped more than 15% to N218 billion at the end of the first quarter of 2026, from N259.9 billion posted in the equivalent period in 2025.

The South African rand is relatively weaker overnight, trading at R16.55 to the dollar, R19.38 to the euro, and R22.36 to the pound, First National Bank said in a morning brief.

Wall Street Slips Amidst AI Investment Returns Concerns Wall Street came under pressure overnight as ongoing geopolitical concerns and weakness…

Reflecting an uncertain outlook, oil prices rose on Wednesday, driven by expectations that ongoing uncertainty in the Strait of Hormuz could further tighten global supply.

Jaiz Bank plc. dropped an additional 9% of its market value as concerns about the Islamic lender’s delayed audited financial statements stoked sell pressure in the local bourse.

XRP rebounded in the crypto market as the US SEC reaffirmed the token as a digital commodity in a new guideline. Details from the crypto exchange showed XRP trading around $1.40 on Wednesday, following a sharp price depreciation in the previous session.

The Central Bank of Nigeria (CBN) sold OMO bills to investors at the open market operation conducted on Tuesday, amidst robust liquidity in the financial…