The naira exchange rate dropped further at the Apex Bank’s official FX window due to increasing demand for foreign payments by eligible market participants.

Nigerian Exchange (NGX) market capitalisation climbed near N124 trillion on Thursday as equities investors’ portfolio value surged by about N1.7 trillion.

As Africa seeks to capitalize on surging global demand for critical minerals to drive GDP growth and industrialization, regional collaboration is emerging as a strategic imperative to unlock the continent’s full resource potential.

Mr Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), says cross-border payments are becoming the backbone of the international monetary and financial system globally.

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The global crypto market dropped by about 2% in the last 24 hours to $2.3 trillion on Thursday, primarily driven by a hawkish Federal Reserve policy signal.

Oil prices eased in the global commodity market on Thursday as the U.S. and Iran completed second round of nuclear talks, with reports signaling significant progress has been made.

The Central Bank of Nigeria (CBN) reduced the spot rate on 1-year treasury bills below 16% at the primary market auction on Wednesday due to excess subscription on the naira curve.