The Nigerian Exchange (NGX) All-Share Index (ASI) climbed as equities investors gained N99 billion, extending the 3-day rally. The Nigerian stock market closed on a positive note as buying interest persisted in several large- and mid-cap stocks.

The dollar comes under pressure on Wednesday amid a surge in U.S. inflation, buoyed by a global energy crisis. The US dollar index, which tracks the Greenback’s value against six major currencies, is down 0.1% to 99.8 on Wednesday as US inflation data surged to a three-year high.

OpenAI has officially joined Wall Street’s initial public offering (IPO) along with SpaceX and Anthropic, announcing that it has confidentially submitted a draft S-1 filing to regulators.