All-Share Index slips below 104,000-barrier, declines by 0.68%; GEREGU and...
On April 16, 2025, the Nigerian All-Share Index declined by 708.14 points, closing the trading session at 103,851.88, thus slipping below the 104,000-threshold. The post All-Share Index slips below...
View ArticleCrypto market suffers $633.5 billion loss in Q1 2025 amid recession fears and...
The cryptocurrency market witnessed a sharp downturn in Q1 2025, with total market capitalization plummeting by 18.6%, resulting in a loss of $633.5 billion, according to CoinGecko's quarterly report....
View ArticleAccess Holdings’ fintech, Hydrogen, records N1.8 billion profit in 2024
Hydrogen, the fintech subsidiary of Access Holdings, has reported a profit after tax of N1.8 billion for the 2024 financial year. The post Access Holdings’ fintech, Hydrogen, records N1.8 billion...
View ArticleNaira settles at N1,620/$ at unofficial market amid weak Dollar index
The Nigerian currency showed weakness during midweek trading at the unofficial market, despite improved fundamentals in the country’s official market. The post Naira settles at N1,620/$ at unofficial...
View ArticleCould reciprocal tariffs usher in an era of de-dollarization faster than it...
Since Trump’s return to the White House and his renewed push for reciprocal tariffs, America’s aggressive trade stance in the last 90 days may have inadvertently begun to accelerate what was once a...
View ArticleGold breaks $3,300 mark, increases over 26% so far in 2025 amid weakened...
Gold has surpassed the $3,300 mark, driven by a weak dollar and the looming US-China trade war, which are attracting more investors and extending its year-to-date gain to over 26%. The post Gold...
View ArticleNigerian Breweries reports N69.9 billion profit in Q1 2025, on revenue growth...
Nigerian Breweries Plc has released its financial results for the first quarter ended March 31, 2025, reporting a pre-tax profit of N69.9 billion. The post Nigerian Breweries reports N69.9 billion...
View ArticleGoldman Sachs warns of further naira depreciation amid oil slump
There are fears that the naira may go through another round of devaluation as the global crude oil prices, which have remained low due to the tariff war initiated by the US President, Donald Trump, put...
View ArticleNaira weakens to N1,600.50/$1 at official market ahead of Easter break
The Nigerian naira depreciated further in the official foreign exchange market on Thursday, falling to N1,600.50/$1. The post Naira weakens to N1,600.50/$1 at official market ahead of Easter break...
View ArticleFirst Holdco reports N781.88 billion pre-tax profit in 2024, up 124.77% YoY
First Holdco Plc has released its audited financial results for the year ended December 31, 2024, reporting a pre-tax profit of N781.88 billion, representing a 124.77% year-on-year increase compared to...
View ArticleResisting Ponzi schemes in Nigeria
This article explains how to spot a ponzi scheme and what to do avoid falling victim. The post Resisting Ponzi schemes in Nigeria appeared first on Nairametrics.
View ArticleAll-Share Index ascends back to 104,000, gains 0.38%; MTN and FIDELITY BANK...
On Thursday, April 17, 2025, the Nigerian All-Share Index concluded the trading day positively, appreciating by 390.52 points to reach a closing value of 104,242.40. The post All-Share Index ascends...
View ArticleCrypto exchange eXch announces shutdown amid allegations of complicity in...
eXch, a cryptocurrency exchange renowned for its emphasis on privacy and operations without Know-Your-Customer (KYC) requirements, has announced plans to cease operations by May 1, 2025. The post...
View ArticleConsumer Protection: SEC Nigeria gets tough with influencers/celebrities
Influencers and celebrities have been cautioned by the Securities and Exchange Commission (SEC) not to support or advertise unregistered financial products. SEC Director-General (DG) Emomotimi Agama...
View ArticleUPDC reports N1.309 billion pre-tax profit in 2024, up 244.51% as property...
UPDC Plc has released its audited financial results for the year ended December 31, 2024, delivering a strong performance anchored by real estate sales. The company posted a pre-tax profit of N1.309...
View ArticleTop 10 insurance companies based on premiums received in FY 2024
According to data from the Nigerian Exchange, 16 insurance companies are currently listed, with a total market capitalization of N434.6 billion. As publicly traded entities, these companies are...
View ArticleMELANIA token suffers 97% crash amid allegations of insider dumping and...
Melania Trump's meme coin, MELANIA, has experienced a dramatic collapse in value, plummeting by 97% from its all-time high of over $13 to an all-time low of $0.38. The post MELANIA token suffers 97%...
View ArticleWeekly Market Wrap: All-Share Index drops 0.32% as banking sector dips;...
The Nigerian All-Share Index closed the week ended April 17, 2025, on a downturn, recording a decline of 329.53 points as negative price action in the banking sector weighed on performance. The post...
View ArticleBrent and Nigerian oil blends stage recovery above $65 per barrel, eye $70
Global crude oil prices have surged past the $65 per barrel mark, marking a notable recovery for Brent and Nigerian oil blends from an early April dip. The post Brent and Nigerian oil blends stage...
View ArticleNaira trades at N1,845/€ on Easter Monday, Euro hits 3-Year high against Dollar
The Nigerian naira remained steady against the euro despite the European currency's aggressive surge against the U.S. dollar in international markets. The post Naira trades at N1,845/€ on Easter...
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