The flight-to-safety drive from Middle East tensions strengthened the US dollar against trading peers on Monday, forex traders said in a separate note.

Sui declined by about 1.5% over 24 hours to $0.892 on Monday, slightly underperforming a broadly weak crypto market, driven by preemptive selling ahead of a large token unlock.

Iranian drones struck Saudi Arabia’s Ras Tanura refinery on Monday morning, while Kuwait reported intercepted attacks on day three of Iran’s retaliatory strikes on countries in the region.

Thailand’s Minister of Energy Auttapol Rerkpiboon announced that the ministry has ordered an immediate suspension of oil exports in response to Iran’s closure of the Strait of Hormuz.

With an estimated 25% upside potential, equities analysts at Anchoria Securities Limited have recommended Access Holdings Plc shares for investors seeking to build a portfolio of banking stocks.

Gov. Dauda Lawal has abolished cash revenue collection in Zamfara, in a move to strengthen digital systems, harmonise databases and enable real-time monitoring to reduce leakages.

Nigeria’s private sector activity deteriorated in January, Stanbic IBTC revealed in its purchasing manager index (PMI) report released by S&P Global on Monday.

Brent neared $79 on Monday as oil prices soared in reaction to U.S. and Israeli strikes on Iran, heightening the risk of a prolonged conflict in the Middle East.

Money market rates declined moderately, driven by an excess of liquidity in the financial system following a cut in Nigeria’s monetary policy rate (MPR).

The average yield on Federal Government of Nigeria (FGN) bond dipped to 15.4% in the secondary market, as investors actively seek real returns in the naira curve.