- Investors Lose N983bn in Nigerian Stock Market
- BTC, ETH, XRP Rise as Crypto Market Stages Recovery
- Oil Prices Decline as Strait of Hormuz Route Gets Busy
- Stronger US Dollar Keeps South African Rand on Edge
- Tech Stocks Rotation Shakes Global Markets as Apple Hikes Prices
- Nigerian Treasury Bills Yield Jumps 27bps on Sell Pressure
- Naira Hovers Around N1,380 as Interbank FX Turnover Surges
- XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence
XRP is up 0.61% to $1.40 as Swiss-regulated platform TrustLinq integrated Ripple Payments into its live infrastructure. This boosted investor sentiment, driving a 135% surge in trading volume to $2.7 billion on Monday.
The naira rallied against the US dollar at the Nigerian foreign exchange market (NFEM) on Monday, reflecting improved liquidity in the official window. The naira climbed to N1365, according to the daily FX published by the Central Bank of Nigeria, from N1374.94 at last week’s close.
The Central Bank of Nigeria (CBN)’s foreign-exchange market intervention dollar injections declined by 83%, putting significant pressure on the local currency.
The NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a potential Technical Equity Partnership in support of the completion and operation of the Port Harcourt and Warri Refineries.
Equity Investors Gain N63 bn in Nigerian Stock Market The Nigerian Exchange (NGX) market capitalisation rose by about N63 billion…
Nairobi Exchange Tanks, Absa, StanChart Drag Banking Index The Nairobi Securities Exchange (NSE) All-Share Index (ASI) tanked on Monday amid…
Bitcoin (BTC) price topped $80 over robust transatlantic institutional appetite and strong initial demand from self-directed investors, highlighting growing wealth-management interest.
The Federal Capital Territory High Court on Monday remanded a former Syke bank Chairman, Tender Ayeni in Kuje Corrections facility, pending the determination of his bail application.
GameStop has made a $55.5 billion offer on Monday to buy eBay, with the video game retailer’s Chief Executive saying the move could create a strong competitor to Amazon.
PayPal stablecoin, PYUSD, reached $3.44 billion in market capitalisation on growing transaction volume. PYUSD is expanding its blockchain footprint and institutional utility, though it faces competitive outflows.
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