Nigerian crypto stakeholders demand Binance reveal identity of bribe agent
Nigerian Crypto Stakeholders Demand Binance Reveal Identity of Bribe Agent to substantiate their claims The post Nigerian crypto stakeholders demand Binance reveal identity of bribe agent appeared...
View ArticleCrypto fraud: FTX victims to receive up to $16 billion in claims
FTX have announced plans to distribute the recovered assets of the company totaling between $14.5 billion and $16.3 billion to the company’s customers and other creditors around the world at the time...
View ArticleZenith Bank pays shareholders N109.9 billion in final dividend for FY 2023
Zenith Bank has paid N109.9 billion in final dividend for the financial year (FY) 2023, representing a payment of N3.50 per ordinary share. The figure marks a 21% increase from N91 billion paid in...
View ArticleAirtel incurs $1.7 billion in foreign exchange loss over currency devaluation...
Airtel Africa, Nigeria's second largest telecoms company has reported significant financial setbacks due to currency devaluations in several of its key markets, notably Nigeria and Malawi, resulting in...
View ArticleAustralian authorities order crypto exchanges to reveal details of 1.2...
The Australian Tax Office has ordered crypto exchanges operating in the country to reveal personal and transaction details of over 1.2 million traders on their platform. The post Australian authorities...
View ArticleNaira settles above N1,750 against British pound as Bank of England meets today
The naira traded at the lower end of its range against the British pound sterling, edging lower ahead of a Bank of England interest rate decision. The post Naira settles above N1,750 against British...
View ArticleAirtel Africa posts $89 million net loss in FY 2023/2024 as Naira devaluation...
Airtel Africa Plc released its full-year financial statement for the year ending March 31, 2024. The company posted a loss after tax of $89 million during the fiscal year, a significant decline from...
View ArticleCrypto P2P: CBN’s policies opened doors for manipulators -Experts
The experts believe the stance of the banking regulator opened the doors for bad actors, who were involved in currency manipulation through crypto trading. The post Crypto P2P: CBN’s policies opened...
View ArticleNigeria’s FX reserves reach three-week high, gain $262 million
Following several weeks of a downward trend, Nigeria's foreign exchange reserves have witnessed a marginal resurgence of about $262 million over 19 days. The post Nigeria’s FX reserves reach three-week...
View ArticleDaar Communications reports N1.6 Billion loss, revalues assets
Daar Communications Plc, the parent company of AIT, disclosed a significant financial downturn in its latest annual report, posting a loss of N1.6 billion for the year ended December 31, 2023. The post...
View ArticleTunde Odukale exits as Chairman of FirstBank Ltd, to be replaced by Ebenezer...
FBN Holdings has announced that Mr. Tunde Hassan-Odukale has officially stepped down as Chairman of First Bank of Nigeria Limited, following the expiration of his tenure. The post Tunde Odukale exits...
View ArticlePZ Cussons Nigeria’s market value drops by 19.94% in two days amid low...
During the past two trading sessions, the share price of PZ Cussons Nigeria witnessed a depreciation of 19.94%, settling at N30.80 per share at the close. The post PZ Cussons Nigeria’s market value...
View ArticleNew SEC rules for private companies’ caps maximum capital raise at N15 billion
The Securities and Exchange Commission (SEC) has announced new rules on issuance and allotment of private companies’ securities The post New SEC rules for private companies’ caps maximum capital...
View ArticleGhana honours monarch’s silver jubilee with crypto stamps linked to NFTs
Ghana’s national postal service has taken the silver jubilee of its king's coronation to a new level by creating crypto stamps linked to unique nonfungible tokens (NFT) that are verifiable over the...
View ArticleIMF recommends registering, licensing global crypto trading platforms in...
The International Monetary Fund (IMF) has recommended that global crypto trading platforms should be registered or licensed in Nigeria and subject to regulatory requirements. The post IMF recommends...
View ArticleShareholders endorse GTCO’s $750 million capital raising, N94.179 billion...
The shareholders endorsed the management’s N94.179 billion dividend payouts for the year ended December 31, 2023. The post Shareholders endorse GTCO’s $750 million capital raising, N94.179 billion...
View ArticleZimbabwe to fine businesses not using new gold-backed currency
Zimbabwe to Fine Businesses Not Using New Gold-Backed Currency as government seeks to protect value of new currency. The post Zimbabwe to fine businesses not using new gold-backed currency appeared...
View ArticleNaira within N1500/$ mark once again
The Nigerian currency breached the N1,450 mark against the greenback on the black market amid evolving market dynamics in Nigeria's fragile FX market. The post Naira within N1500/$ mark once again...
View ArticleNaira has fallen by 26.8% since CBN declared it as “best performing currency”
The exchange rate between the naira and the dollar closed the week at N1,466/$1, reaching a two-month low as a stronger dollar continues to outpace global currencies. The exchange rate has now weakened...
View ArticleNGX lists N4.075 billion AVA infrastructure fund
AVA Infrastructure Series 1 Fund’s 4,075 units were listed on the main board of NGX at N1 million each as a closed-end Fund and naira-denominated unit trust scheme. The post NGX lists N4.075 billion...
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