Nigerians react amid Binance Executive’s escape
On Monday, March 25, 2024, the Office of the National Security Adviser (ONSA) confirmed the alarming news of Nadeem Anjarwalla, the regional manager for Africa at Binance, escaping custody. The post...
View ArticleTotal Energies reports N12.912 PAT in 2023 amidst headwinds
Total Energies and Marketing Plc has released its full-year 2023 financial result posting a profit after tax of N12.912 billion amidst economic headwinds. The post Total Energies reports N12.912 PAT...
View ArticleDollarisation of Naira payments and Nigeria’s macroeconomic instability
The Naira has been battered beyond a fraction of what gold did to silver under bimetallism in France. The post Dollarisation of Naira payments and Nigeria’s macroeconomic instability appeared first on...
View ArticleLondon Stock Exchange Set to List Crypto Offerings for Pro Investors
London Stock Exchange (LSE) is set to launch Bitcoin and Ether Exchange traded notes (ETNs) for Pro investors from May 28. The post London Stock Exchange Set to List Crypto Offerings for Pro Investors...
View ArticleBinance: Cardoso says regulating cryptocurrency not CBN’s role
The governor of the Central Bank of Nigeria, Yemi Cardoso, has made it clear in the context of the recent clash between the federal government and Binance, that the task of regulating cryptocurrency...
View ArticleBears assert dominance, crashing stocks by 183.88 points, erasing N103.97...
The NGX All-Share Index on the Nigerian Exchange Limited (NGX) experienced a slight decline, dropping by 183.88 points to reach 103,952.47 points. The post Bears assert dominance, crashing stocks by...
View ArticleDangote Group’s input costs soar to N1.398 trillion in 2023 amid inflationary...
Dangote Group has spent a staggering N1.398 trillion as cost of sales in 2023 across its three quoted companies on the Nigerian Exchange Limited, representing a significant increase of 27.09% from the...
View ArticleAccess Corporation reports N612.4 billion profits, up 300% YoY
Access Corporaion, Nigeria’s largest finance holding company has reported a profit after tax of N612.4 billion up 300% from the year before. This is the largest profit ever posted by the company and...
View ArticleFX rate for Customs’ import duties drops for the fifth consecutive time in...
The exchange rate used for calculating customs import duties and cargo clearance has decreased for the fifth time in under two weeks, moving from N1,612 per dollar on March 15th to N1,405.46 per dollar...
View ArticleKuCoin crypto exchange users pull out over $1.2bn amid US charges
KuCoin, Crypto Exchange, US The post KuCoin crypto exchange users pull out over $1.2bn amid US charges appeared first on Nairametrics.
View ArticleUnited Capital posts record N11.4 billion profit, up 18% YoY
United Capital Plc has reported its 2023 FY results showing a gross earnings of N45.9 billion up 71% from the year before. The post United Capital posts record N11.4 billion profit, up 18% YoY appeared...
View ArticleOfficial exchange rate strengthens to N1,300/$1, best in 8 weeks
The exchange rate between the Naira and the Dollar closed at N1,300/$1 on Wednesday on the official NAFEM window, marking the strongest performance in over 8 weeks. The post Official exchange rate...
View ArticleAccess Holdings to raise staggering N365 billion in right issue
Access Holdings, one of Nigeria's leading financial institutions, has announced plans to raise a staggering N365 billion (Three Hundred and Sixty-Five Billion Naira) through a rights issue. The post...
View ArticleFood crisis: LCFE urges Federal Government to utilize commodities exchanges...
LCFE has called on the Federal Government to leverage the commodities exchange ecosystem to bolster food security, generate employment opportunities, and bolster Nigeria's foreign exchange reserves....
View ArticleCBN sells N1.64 trillion in treasury bills as higher interest rates attract...
The Central Bank of Nigeria (CBN) successfully conducted an auction of Nigerian Treasury Bills (NTBs) on March 27, 2024, which saw a substantial amount of N1.64 trillion being sold, as shown in the...
View ArticleTokenized US treasury notes crosses $1 billion mark
Tokenized US Treasury Notes Crosses $1 Billion Mark rising 10 folds since January 2023 The post Tokenized US treasury notes crosses $1 billion mark appeared first on Nairametrics.
View ArticleChapel Hill’s Infrastructure Fund post N20.4 billion profits in 2023
Chapel Hill Denham Nigeria Infrastructure Debt Fund reported a profit after tax of N20.4 billion for the year ended 31 December 2023. The post Chapel Hill’s Infrastructure Fund post N20.4 billion...
View ArticleShareholders approve voluntary delisting of Arbico Plc
The Registrars will distribute the Exit Consideration to dissenting shareholders according to Nigerian Exchange Limited rules on delisting. The post Shareholders approve voluntary delisting of Arbico...
View ArticleGeregu Power shareholders approve N20 billion dividend
The dividend will be distributed to the eligible shareholders whose names appear in the Register of Members on February 17, 2023. The post Geregu Power shareholders approve N20 billion dividend...
View ArticleGreen day for Nigerian investors as equities records N157 billion gains in...
The NGX All-Share Index enjoyed a slight boost, climbing by 278.42 points to reach 104,562.06 points, marking a growth of 0.27% from its previous close at 104,283.64 points. The post Green day for...
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