Equities Investors Lose N1.81trn as Nigerian Exchange Bleeds Equities investors lost N181 trillion in a swoop on Monday over risk-off sentiment spotted across key sectoral indices. The Nigerian Exchange (NGX)…
Iran Announces Suspension of Peace Talks with U.S. Iran on Monday suspended high-stakes negotiations with the United States to protest Israel’s expanding military offensive in Lebanon, according to government-aligned media,…
Nigerian Exchange Shrinks as Equities Investors Lose N1.8trn The Nigerian Exchange (NGX) key performance indicators declined in the first trading session of June due to profit-taking in the local bourse.…
Naira Gains as Hydrocarbon Sales Proceeds Boost FX Reserves The naira rallied against crosses in the currency market as proceeds from Nigeria’s hydrocarbon sales continue to boost the country’s foreign…
The Initiates Strengthens Position in East Africa with Acquisition The Initiates Plc has strengthened its strategic position in East Africa following the acquisition of an additional 20% equity stake in…
XRP Falls to $1.28, Ripple Executes Escrow Release Ripple (XRP) price dipped more than 4% to $1.28 on Monday as investor sentiment continued to decline amidst 1 billion XRP unlocked…
Bitcoin Dives as Saylor Breaks Promise Not to Sell BTC Bitcoin (BTC) lost 3% in 24 hours to $71.4, underperforming a flat S&P 500 as Michael Saylor, Strategy Inc. chairman…
Canadian Banks Report Mixed Results in Q2 -Fitch Canadian banks saw mixed results for 2Q26, according to Fitch Ratings. Most institutions reported modestly lower top-line numbers, primarily driven by three…
Nigeria’s Private Sector Activity Hits 9-Month High -PMI Private sector activity improved to the best level in 9 months, according to Stanbic IBTC Bank’s Purchasing Managers’ Index (PMI) released by…
Fitch Upgrades Wema Bank to ‘B’ With Stable Outlook Fitch Ratings has upgraded Wema Bank PLC’s Long-Term Issuer Default Rating (IDR) to ‘B’ from ‘B-‘ and its Viability Rating (VR)…