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Global equities markets closed mostly higher as renewed hopes for a United States-Iran agreement boosted sentiment and eased pressures on oil prices.

The South African rand lost momentum against Western currencies on Monday amid a US dollar rally, surging global oil prices and an increase in the country’s unemployment Rate.

Nigeria’s headline inflation rate for April climbed to 15.69% year on year (YoY), according to the latest data released by the Statistics office on Friday.

The South African rand or ZAR has weakened against major currencies, trading at R16.56 per U.S. dollar (USD), R19.29 per euro (EUR), and R22.11 per British pound (GBP), First National Bank said in a note on Friday.

The naira regained value at the Nigerian foreign exchange market (NFEM) on Wednesday as improved hard currency liquidity reduced pressures from surging FX demand for international payments and settlements.

The Nigerian Exchange (NGX) year-to-date return climbs to 62.27% on Wednesday as funds continue to rotate into risky assets, though stockbrokers spotted a slowdown in momentum.

The Nigerian financial system liquidity spiked more than 40% following a significant OMO bill repayment by the Apex Bank to eligible investors on Tuesday.

NGX Tops N145trn as Industrial, Banking Stocks Rally The Nigerian Exchange (NGX) topped N145 trillion on Friday, driven by cement,…

Bitcoin (BTC) price topped $75.3k on Friday as easing geopolitical tensions continue to boost buying momentum in the cryptocurrency market.

In a fresh price retracement, Ripple (XRP) dipped 3.45% to $1.33 over the past 24 hours, underperforming a slightly weaker broader market, primarily driven by persistent selling pressure and a rejection at key resistance.