Nigeria’s FX reserves maintain one-month dip streak to $31.12 billion
Nigeria's foreign exchange (FX) reserves have maintained a one-month dip streak. The latest figures from the Central Bank of Nigeria (CBN) show the reserves reached a new low of $32.12 billion on April...
View ArticleRecapitlisation: SEC to issue guidelines to facilitate capital raising
The SEC is partnering with the Central Bank of Nigeria (CBN) and other relevant agencies to ensure a smooth process. The post Recapitlisation: SEC to issue guidelines to facilitate capital raising...
View ArticleShareholders approve Access Holdings’ $1.5 billion capital raising plan
The proceeds of the Rights Issue would be used to support ongoing working capital needs, including organic growth funding for its banking and other non-banking subsidiaries. The post Shareholders...
View ArticleFG raises N627 billion in April bond auction amid competitive yields
The Debt Management Office (DMO) has disclosed that Federal Government of Nigeria raised N626.813 billion in its April 2024 FGN bond auction. The post FG raises N627 billion in April bond auction amid...
View ArticleDoes halving of Bitcoin affect its price?
The "halving" of Bitcoin, a predetermined event that affects the amount of Bitcoin produced, just took place. This phenomenon transpires approximately every four years. The post Does halving of Bitcoin...
View ArticleJP Morgan CEO describes Bitcoin as Ponzi scheme
JP Morgan Chase and co CEO calls Bitcoin a public decentralized Ponzi scheme The post JP Morgan CEO describes Bitcoin as Ponzi scheme appeared first on Nairametrics.
View ArticleFBN Holdings cancels extraordinary meeting for N300 billion capital raise
The statement signed by Adewale Arogundade, Ag. Company Secretary noted that further information will be provided in due course, as appropriate. The post FBN Holdings cancels extraordinary meeting for...
View ArticleLagos Exchange to launch crude oil trading, eyes 50 million barrels yearly
The Lagos Commodities and Futures Exchange aims to start trading crude oil and gas on its exchange. The post Lagos Exchange to launch crude oil trading, eyes 50 million barrels yearly appeared first on...
View ArticleOfficial exchange rate crashes to 6-day low as reserves fall
This is the weakest it has been since April 8, when the official rate closed at N1,230.61/$1, suggesting downward pressure ahead of the weekend. The post Official exchange rate crashes to 6-day low as...
View ArticleCBN’s ‘Remittance Task Force’ to report directly to Cardoso
The Central Bank of Nigeria (CBN) task force formed to double remittance inflows into Nigeria will report directly to Yemi Cardoso, the Governor of the CBN. The post CBN’s ‘Remittance Task Force’ to...
View ArticleNaira now best performing currency in the world, following FX Reforms – Cardoso
In an apparent sense of pride and confidence, the Central Bank Governor, Yemi Cardoso stated that the Naira has been declared the best performing currency globally as of April, 2024. The post Naira now...
View ArticleForex Crisis: “We have transitioned from firefighting to strategic planning”–...
The Governor of the Central Bank, Olayemi Cardoso, has stated that the apex bank is no longer in "firefighting" mode and has now switched to strategic planning in its efforts to achieve forex...
View ArticleAdesola Adeduntan resigns as FirstBank MD/CEO effective April 20th, 2024
A letter of resignation seen by Nairametrics indicates Dr. Adesola Adedutan has resigned from his position as Managing Director of First Bank Ltd. The post Adesola Adeduntan resigns as FirstBank...
View ArticleFirst Bank appoints Olusegun Alebiosu as acting CEO, effective immediately
First Bank of Nigeria Limited has announced the appointment of Mr. Olusegun Alebiosu as its Acting Chief Executive Officer, effective immediately. The post First Bank appoints Olusegun Alebiosu as...
View ArticleNestle Nigeria revalues fixed assets to fix negative shareholders funds
Nestlé Nigeria PLC has announced a strategic revaluation of its fixed assets, a decision spurred by the company's FY 2023 financial results which reported a substantial loss, erasing shareholders'...
View ArticleEthical funds drive high returns in Nigerian mutual funds in Q1 2024
Nigerian mutual funds recorded average return of 10.76% in the first quarter of 2024, largely driven by the 30.89% yield printed by ethical funds during the period. The post Ethical funds drive high...
View ArticleNaira posts first weekly decline in 6 weeks at the unofficial market
The naira remained above the N1200/$ band in the unofficial market, causing the Nigerian currency to pause its winning streak against the American dollar on a weekly spectrum. The post Naira posts...
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 ArticleStable FX regime will trigger firms’ return to profitability in 2024 – Analysts
Analysts predict a stable forex regime will drive Nigerian Breweries and others back to profitability in 2024 The post Stable FX regime will trigger firms’ return to profitability in 2024 – Analysts...
View ArticleBitcoin price hits $66,000, Ethereum slightly gains after bitcoin halving event
Bitcoin and Ethereum which experienced some volatility prior to the halving event has since resurged in prices with Bitcoin hitting $66,000 in price and Ethereum slightly gaining too. The post Bitcoin...
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