U.S group calls on President Biden to secure release of detained Binance...
The United States Chamber of Digital Commerce has called on President Biden to employ every diplomatic measure to secure the release of two Binance officials detained by Nigerian authorities calling...
View ArticleJulius Berger gains 30.58% in market value to top weekly gainers
Julius Berger Plc, a building construction firm listed on the Nigerian Exchange Group Plc (NGX), reported a significant gain of 30.58% by the close of weekly trading, positioning it as the top gainer...
View ArticleCustoms exchange rate for cargo clearance drops to N1593/$
The exchange rate for cargo clearance has dropped to N1593.41/$ from N1612.28/$ recorded last week representing a drop of about N18.87. The post Customs exchange rate for cargo clearance drops to...
View ArticleWhy Solana is shaking the crypto market, up 40% for the week
Solana of late has become the clear leader in blockchain transactions with a total chain volume of $3.654 billion. The post Why Solana is shaking the crypto market, up 40% for the week appeared first...
View ArticleBritish American Tobacco commences $2 billion share buyback programme
London Stock Exchange-listed British American Tobacco Plc has commenced a $2 billion (£1.6 billion) share buyback programme due to be completed in 2025. Story Tags British American Tobacco, Companies...
View ArticleDeloitte mulls biggest restructuring in decade to cut costs amid market slowdown
Deloitte has embarked on its most extensive revamp of global operations in ten years, driven by the imperative to trim expenses. The post Deloitte mulls biggest restructuring in decade to cut costs...
View ArticleNaira Devaluation: Pension funds decline by $18.9 billion in one year
The devaluation of the Naira has exerted a substantial influence on the net asset value of pension fund assets in Nigeria over the past year. The post Naira Devaluation: Pension funds decline by $18.9...
View ArticleFinance expert Dave Ramsey says Bitcoin value is based on “thin air”
Finance Expert Dave Ramsey gives his expert opinion on the true value of cryptocurrencies, especially bitcoin stating that the value is still based on thin air. The post Finance expert Dave Ramsey says...
View ArticleShareholders lose N239 billion in one day, as market declines by 0.4%
The NGX started the week on a bearish note as the All-Share Index declined by 0.4%, losing 421.91 points to close at 104,663.34 points. The post Shareholders lose N239 billion in one day, as market...
View ArticleNaira closes below the N1,600/$1 at official market
The official market observed a modest increase in the value of the Naira against the dollar, concluding at N1,597.24 to $1, marking a 0.34% enhancement from the prior closing figure of N1,602.75 to $1...
View ArticleFG raises N475.67 billion in March bond auction over rising rates rally
The Federal Government has raised N475.67 billion in its March bond auction, capitalising on the current rally in rising rates. The auction, conducted on March 18, 2024, by the Debt Management Office...
View ArticleNaira face U.S Fed test as Nigeria FX market show short term stability
A litmus test of the naira's stability will be in play when the Federal Reserve makes it interest rate decision on Wednesday which has currency traders take a position on the haven currency The post...
View ArticleInternational Breweries seeks approval for $379.9 million shareholder loan...
International Breweries Plc secured approval for a $379.9 million shareholder loan from AB InBev Nigeria Holdings BV. The post International Breweries seeks approval for $379.9 million shareholder...
View ArticleJapan’s $1.5 trillion Pension Fund considers diversifying into Bitcoin
Japan’s Government Pension Investment Fund (GPIF) has announced that it is considering diversifying a portion of its portfolio into Bitcoin. The post Japan’s $1.5 trillion Pension Fund considers...
View ArticleTranscorp Power dips for the first time as market declines by 0.11%
For the first time since listing, Transcorp Power share price declined, as it recorded a marginal 0.03% loss to close at N382.90 from yesterday’s N383.00. The post Transcorp Power dips for the first...
View ArticleNaira closes at N1,560.57/$1 at official market
The Nigerian Autonomous Foreign Exchange (NAFEM) saw a notable appreciation on Tuesday, with the closing rate standing at N1560.57 to $1. The post Naira closes at N1,560.57/$1 at official market...
View ArticleSEC declines PZ Cussons’s request to buyout other shareholders and delist
PZ Cussons Nigeria’s attempt to delist from the NGX has hit a roadblock as the Securities and Exchange Commission has declined its request. The post SEC declines PZ Cussons’s request to buyout other...
View ArticleCBN further reduces exchange rate for cargo clearance by N20.91
The Central Bank of Nigeria has reduced the exchange rate for cargo clearance at Customs area command to N1572.50 from N1593.41 just two days ago. This represents a drop of N20.91 in just a few days....
View ArticleNaira strengthens to N1400/$ on the parallel market as speculators sell
The exchange rate of the naira to the USD has increase to N1400/$ on the parallel market marking a significant strengthening on the naira in the past few weeks. The post Naira strengthens to N1400/$ on...
View ArticleArgentines buying bitcoin instead of US dollars to tackle country’s inflation
Argentines are ditching the US dollar and are increasingly opting for Bitcoin as the coin price reached a record high this month. The post Argentines buying bitcoin instead of US dollars to tackle...
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