Bitcoin reclaims $92k tag ahead of Crypto Summit
Bitcoin has witnessed a remarkable 6.23% surge in price, rebounding to over $92,000 amidst a climate of mixed market sentiment. The post Bitcoin reclaims $92k tag ahead of Crypto Summit appeared...
View ArticleCBN, DMO at odds as 364-day NTB rate drops to six-month low of 17.82%
The Federal Government of Nigeria (FGN), through the Central Bank of Nigeria (CBN), has released the results of its Treasury Bills (T-Bills) auction conducted on March 5, 2025. The post CBN, DMO at...
View ArticleOMO stop rates drop again as CBN’s latest auction sees N1.88 trillion in...
The Central Bank of Nigeria (CBN) conducted an Open Market Operations (OMO) auction on March 6, 2025, attracting N1.88 trillion in total subscriptions—more than three times the N600 billion initially...
View ArticleAll-Share Index up 0.32%, breaks three-day losing streak: Transcorp soars as...
The Nigerian All-Share Index increased by 344.24 points, closing at 106,780.72 on March 6, 2025, marking the end of a three-day losing streak that began earlier in the week. The post All-Share Index...
View ArticleTop 10 Nigerian stockbrokers in February 2025 based on trading value
The Nigerian Exchange Group (NGX) released a detailed report on February 28, 2025, ranking the top ten stockbrokers in Nigeria based on the trading volumes and values they facilitated throughout the...
View ArticleTantalizers soars 19% week-to-date following acquisition announcement
Tantalizers Plc share price surged over 19% week-to-date in the first trading week of March 2025, climbing from N1.98, the price at which it opened on Monday, to N2.37 by the close of trading on...
View ArticleCourt jails 21 convicted internet fraudsters in Benin
Edo State High Court has approved jail terms for 21 internet fraudsters in Benin, according to a statement released by the Economic and Financial Crimes Commission on Thursday. The post Court jails...
View ArticleNaira loses weight against U.S. Dollar in unofficial market
The Nigerian naira weakened to N1,550 against the American dollar in the black market amid increased demand for the greenback in West Africa’s largest economy. The naira opened the week at N1,500 per...
View ArticleNASCON 2024: Big profits, bigger dividends; but is cash flow a concern for...
Nascon Allied Industries Plc (NASCON) has delivered strong earnings growth in 2024, with revenue up 49% to N120.4 billion and profit after tax rising 14% to N15.6 billion. The post NASCON 2024: Big...
View ArticleCrypto market declines by 5% amid U.S. strategic bitcoin reserve announcement
Bitcoin prices experienced a 5% decline on Friday after U.S. President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve. The post Crypto market declines by 5% amid U.S....
View ArticleExperts predict “bearish March” for Nigerian stock market, reveals lurking...
Analysts at CardinalStone anticipate that the bearish sentiment that surfaced in the final week of February 2025 may extend into March if the market continues to appear overbought. The post Experts...
View ArticleWeak dollar amid trade war could benefit Nigeria and emerging markets – Experts
Experts have predicted that the ongoing trade war will significantly impact the economies of Nigeria and other emerging markets. Earlier this week, U.S. President Donald Trump imposed 25% tariffs on...
View ArticleDangote Cement: Analysts see strong performance but worry about pricing...
Analysts have assessed Dangote Cement’s latest performance, highlighting its strong revenue growth, sector dominance, and potential challenges ahead. The discussion, which took place on the podcast...
View ArticleAnalysts project CBN rate cut in May, outline benefits for the equities...
Cordros Asset Management has asserted that a rate cut by the Central Bank of Nigeria could help stabilize the equities market in 2025, provided that macroeconomic conditions are favorable. This...
View ArticleWhy MTN Nigeria will recover fully in 2025
Financial analysts have assessed MTN Nigeria’s (MTNN) latest financial performance, examining both the company’s revenue growth and the challenges it faces, including FX losses, negative retained...
View ArticleWeekly Market Wrap: All-Share Index falls 1.19% as Premium, other sub-sectors...
The Nigerian All-Share Index faced a setback in the first trading week of March, retreating by 1,282.79 points to close at 106,538.60. The post Weekly Market Wrap: All-Share Index falls 1.19% as...
View ArticleBitcoin prospects bright amid falls like Humpty Dumpty
Bitcoin experienced selling pressure after breaching the $90,000 resistance line last week, which increased its bearish movement and caused its price to drop back to $86K. The post Bitcoin prospects...
View ArticleTranscorp posts N136 billion in full-year profits as revenue soars, proposes...
Transnational Corporation Plc (Transcorp) has published its financial results for the year ending December 31, 2024, reporting a pre-tax profit of N136.6 billion. The post Transcorp posts N136 billion...
View ArticleSeplat reports increased production from newly acquired Mobil asset SEPNU
Seplat Energy Plc has reported an 11% increase in total production following the acquisition of Mobil Producing Nigeria Unlimited (MPNU), now renamed Seplat Energy Producing Nigeria Unlimited (SEPNU)....
View ArticleBitcoin plunges to $80k amid ongoing volatility
Bitcoin’s price plummeted to $80,052 late Sunday night, marking a 7% decline over the past 24 hours as uncertainty surrounding U.S. President Donald Trump’s economic policies continues to ripple...
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