CBN clears remaining valid FX backlog as external reserves rise by $993 million
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled The post CBN clears remaining valid FX backlog as external reserves rise by $993 million...
View ArticleShareholders applaud SEC’s rejection of PZ Cussons’ buyout and delisting...
The development underscores the importance of a strong collaborative effort between regulatory authorities in the capital market and shareholders to ensure the protection of investors The post...
View ArticleAccenture revises annual revenue forecast amidst consulting market slowdown
The consultancy firm also forecast earnings per share of between $11.41 and $11.64, down from a previous range of $11.41 to $11.76 per share. The post Accenture revises annual revenue forecast amidst...
View ArticleBullish momentum returns as equities surge, N74 billion added to market value
The NSE's NGX All-Share Index (ASI) saw an increase of 130.66 points, settling at 104,387.47 points compared to the previous close of 104,256.81 points. The post Bullish momentum returns as equities...
View ArticleUnited States SEC requests $2.6bn to crackdown on Crypto
United States Security and Exchange Commission (SEC) led by Gary Gensler is requesting a $2.6bn budget for the 2025 fiscal year to enhance the SEC oversight of the Crypto sector. The post United...
View ArticleUnilever seeks private equity interest for ice cream division
Bankers from Morgan Stanley and JPMorgan have initiated contact with potential investors in the buyout The post Unilever seeks private equity interest for ice cream division appeared first on...
View ArticleBullish naira ignores the strong dollar
For the second week in a row, the dollar index has increased, rising 0.8 percent to 104.095 index points. The post Bullish naira ignores the strong dollar appeared first on Nairametrics.
View ArticleMajor Crypto Exchange OKX shuts down in India, advices users to withdraw all...
Another Major Crypto exchange shuts down after Binance left Nigeria. OKX shuts down in India urging all users to withdraw their funds. The post Major Crypto Exchange OKX shuts down in India, advices...
View ArticleExchange rate post best gain in 6 weeks, CBN policies paying off
The official exchange rate between the Naira and the Dollar strengthened to N1,431/$ on Friday, March 22, 2024, posting the best rate in over six weeks. The post Exchange rate post best gain in 6...
View ArticleNGX ASI soars by 259.90 points, bolstering equities by N146.95 billion
The NGX All-Share Index of the Nigerian Exchange Limited (NGX) witnessed a boost, climbing by 259.90 points to close at 104,647.37 points, marking an improvement from its previous closing figure of...
View ArticleJulius Berger loses 17.15% in market value to top weekly losers
Julius Berger Plc, a building construction firm listed on the Nigerian Exchange Group Plc (NGX), reported a significant loss of 17.15% by the close of weekly trading, positioning it as the top loser...
View ArticleBitcoin demand in Argentina surges to highest point in two years
The Demand for Bitcoin in Argentina has surged to its highest point in two years as the local currency of the South American country continues to depreciate against the dollar. The post Bitcoin...
View ArticleForex crisis: Tinubu assures current strengthening of the naira will be...
President Bola Tinubu has assured that the current momentum that Nigerians are seeing with respect to strengthening of the naira against other major currencies including the dollar will be sustained...
View ArticleOver subscription of FGN securities having a positive effect on exchange rate...
The Association of Bureau De Change Operators of Nigeria (ABCON) has stated that the oversubscription of recent FGN securities is having a positive effect on the naira exchange rate to the USD. The...
View ArticleNissan targets 30% cost reduction for EVs amidst rising Chinese competition
Japanese carmaker aims to make electric vehicles more affordable but still profitable in new manufacturing strategy. The post Nissan targets 30% cost reduction for EVs amidst rising Chinese competition...
View ArticleFX Crisis: Naira value of FG’s external debt increased by N17.37 trillion...
The naira value of the federal government’s external debt increased by N17.37 trillion from N16.703 trillion as of December 2022 to N34.073 trillion in December 2023. The post FX Crisis: Naira value of...
View ArticleNSA confirms escape of Binance executive from custody using smuggled passport
The Office of the National Security Adviser (ONSA) has confirmed the escape of a top executive of the cryptocurrency trading platform, Binance, Nadeem Anjarwalla, from lawful custody. The post NSA...
View ArticleGoldman Sachs Hedge Fund Clients renew interest in crypto assets
Goldman Sachs Asia Pacific clients are reportedly jumping back to crypto this year following the approval of spot Bitcoin Exchange-traded funds. The post Goldman Sachs Hedge Fund Clients renew interest...
View ArticleCustoms FX rate for cargo clearance drops by N124 to N1,448/$
The exchange rate charged by the Nigerian Customs Service (NCS) for cargo clearance and import duties collection has dropped significantly from N1572.5/$ to N1448.38 to the USD. The post Customs FX...
View ArticleCBN sells dollars to BDCs @N1,251/$1 as naira regains strength
The Central Bank of Nigeria has issued a circular to BDCs informing them that they sold $10,000 t0 each BDC at a rate of N1,251/$1. The post CBN sells dollars to BDCs @N1,251/$1 as naira regains...
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