BREAKING: Geregu Power reports blistering 300% gain in pre-tax profits
Nigeria's first publicly listed power company, Geregu Power, released its first-quarter earnings for 2024, showing a revenue of N50.4 billion. The post BREAKING: Geregu Power reports blistering 300%...
View ArticleZimbabwe forges on with new currency, starts trading amidst credibility doubts
Zimbabwe is sticking to its new gold-backed currency as it started trading in the markets amidst concerns that the new gold-backed currency which represents the third time Zimbabwe would be changing...
View Article20TC: Access, UBA and Zenith, total assets exceed ‘N20 trillion, form largest...
UBA and Zenith Bank have joined Access Corporation in the N20 trillion club (20TC) in terms of total assets. The post 20TC: Access, UBA and Zenith, total assets exceed ‘N20 trillion, form largest...
View ArticleEthereum surges 8%, highest ever increase in over a month
Ethereum surges 8% in price marking largest ever increase in over a month The post Ethereum surges 8%, highest ever increase in over a month appeared first on Nairametrics.
View ArticleBouyed by payment services and licenses, listed tech companies record 832%...
The five IT firms listed on the NGX collectively experienced an 832% increase in profits, with their pre-tax profits rising from to N3.83 billion, reversing the cumulative loss of N523 million posted...
View ArticleCustoms FX rate for import duties falls to N1,238/$
The exchange rate for clearance of goods and import duties assessment by the Nigeria Customs Service (NCS) has dropped from N1,246.66/$ to N1,238.17 to the USD. The post Customs FX rate for import...
View ArticleHong Kong to approve Asia’s first bitcoin spot ETFs in April
Hong Kong is set to approve Asia’s first spot bitcoin exchange-traded funds this month with the first approvals likely to be announced next week according to experts on the matter. The post Hong Kong...
View ArticleABCON asks CBN to bar non-oil export domiciliary account holders from...
The Association of Bureau De Change Operators of Nigeria (ABCON) has requested that the Central Bank of Nigeria (CBN) prevent dollar domiciliary account holders from obtaining foreign exchange through...
View ArticleZimbabwe local traders stop accepting failing ZimDollars ahead of new...
Local traders in Zimbabwe stop accepting failing Zimdollars in anticipation of the new gold backed currency The post Zimbabwe local traders stop accepting failing ZimDollars ahead of new currency debut...
View ArticleTether Custodian CEO explains importance of Stablecoins and how they impact...
Tether Custodian CEO makes strong case for stablecoins stressing their importance to the US dollar. The post Tether Custodian CEO explains importance of Stablecoins and how they impact US dollar...
View ArticleBUA Foods to pay shareholders N99 billion dividend for FY 2023
Shareholders of BUA Foods Plc will receive a dividend of N99 billion for the financial year ending December 2023, representing a reward of N5.50 for each share held. The post BUA Foods to pay...
View ArticleDMO to raise N450 billion in April bond auction
The Debt Management Office is seeking to raise N450 billion in its April bond auction to take place on April 15. This is in line with the agency’s plan to raise up to N1.8 trillion through FGN bonds in...
View ArticleFinancial experts divided on CBN’s dollar sales to BDC operators
The recent dollar sales to BDCs below market rate at N1,101/$1 was the third attempt after a long period of suspension by the central bank in 2021. The post Financial experts divided on CBN’s dollar...
View ArticleNaira breaks key resistance against dollar, within N1000/$ mark
The naira held onto its bullish momentum despite the greenback's most recent aggressive gains this week, as concerns about persistent inflation remained unabated, despite weaker-than-expected March...
View ArticleGuaranty Trust Holding mulls $750 million capital raise
More than 20 banks in Nigeria will need to raise extra capital within two years to meet the central bank's new threshold. The post Guaranty Trust Holding mulls $750 million capital raise appeared first...
View ArticleNigerian Stocks: List of Dividends announced in 2024
This is a list of Dividends announced so far in 2023 and their percentage yield. The post Nigerian Stocks: List of Dividends announced in 2024 appeared first on Nairametrics.
View ArticleGoldman Sachs predicts Naira outperforming currencies globally- Report
Nigeria’s naira stands poised to continue its upward trajectory, building upon its status as the best-performing currency globally this month, according to a Goldman Sachs Group Inc. The post Goldman...
View ArticleIMF demands changes to El Salvador’s pro bitcoin laws, hinders $1.4 billion...
The International Monetary Fund (IMF) is demanding changes to El Salvador’s Pro Bitcoin laws while hindering the country’s attempt to secure $1.4 billion in loans from the financial institution. The...
View ArticleBREAKING: Naira on the march to below N1,000/$1 as official exchange rate...
The exchange rate between the Naira and the Dollar at the official window rose by 7.7% on Friday to close the week at N1,142/$1. The post BREAKING: Naira on the march to below N1,000/$1 as official...
View ArticleZenith Bank seeks shareholders’ approval for capital raising
The Board of Zenith Bank Plc will request shareholder approval during its forthcoming Annual General Meeting to establish a capital raising programne. The post Zenith Bank seeks shareholders’ approval...
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