Oil prices soared following reports that the US is preparing for an extended blockade of Iran. US crude rose 7.6% to $107.52 a barrel on Wednesday, and Brent rose to $ 119.54 per barrel, up 7.44%.

The naira rose against the US dollar at the Nigeria Foreign Exchange Market (NFEM) amidst a significant surge in interbank turnover, according to daily FX data published by the Central Bank.

Equity investors posted N5.5 trillion in capital appreciation on the Nigerian Exchange (NGX) as bargain hunting heated up amid the first-quarter earnings release.

Dollar Strength Could Unwind if Oil Prices Fall Back – Fitch The strengthening of the dollar in the early weeks…

The Federal Government (FG) says Nigeria loses about 24 million tonnes of topsoil annually due to erosion and land degradation, warning that the trend poses a serious threat to food security and climate resilience.

The Senate has approved a $516,333,700 syndicated financing facility for the construction of the Sokoto–Badagry Super Highway. This followed the consideration and adoption of the report of the Senate Committee on Local and Foreign Debts during plenary on Wednesday

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.