CBN’s committee blames volatility in FX market on seasonal demand for dollar
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has attributed the recent volatility in the foreign exchange market leading to the recent depreciation of the Naira against the...
View ArticleAbout 90% of Ethereum holders gain as coin surges to $3700
Ethereum, the second largest cryptocurrency, has surged to a whopping $3700 in price, putting over 90% of its long-term holders in profit. The post About 90% of Ethereum holders gain as coin surges to...
View ArticleNestle’s share price hits N900 first time in over a month
Nestle Nigeria Plc hit the N900 share price as it appreciated by 9.76% today. This marks the first time since April 19 that the stock has closed at the N900 level. The post Nestle’s share price hits...
View ArticleForex supply jumps 66% as CBN hikes interest rates
Naira appreciated slightly on the official market, despite a substantial 66% increase in foreign exchange (FX) supply and a new rate hike by the Central Bank of Nigeria (CBN). The post Forex supply...
View ArticleEcobank’s pre-tax profit grows 249% to N202 billion in Q1 2024
Ecobank Transnational Incorporated (ETI) posted a pre-tax profit of N201.5 billion during the quarter ending March 31, 2024. This marks a 249% year-on-year growth from the N57.7 billion posted during...
View ArticleCBN releases approved guidelines for BDCs, asks players to meet new...
The Central Bank of Nigeria (CBN) has released the approved guidelines for operations of Bureau De Change (BDCs) across the country while asking BDCs to reapply for licensing online with the new...
View ArticleFX turnover drops by 53.97%, as investors react to MPC rate hike
The Nigerian Naira displayed a marginal appreciation against the US dollar on the official market, despite a significant decline in foreign exchange (FX) turnover. The post FX turnover drops by 53.97%,...
View ArticleCBN raises N638.98 billion in latest treasury bill auction, yield surge to 26%
Investors demonstrated robust demand for Nigerian treasury bills, offering over N1.59 trillion across three tenors during the Nigerian treasury bill (NTB) auction held on May 22, 2024. The post CBN...
View ArticleNaira shows stability, aftermath of CBN’s MPC meeting
The naira traded within a tight range on Thursday following the recently concluded Monetary Policy Committee (MPC) meeting. The post Naira shows stability, aftermath of CBN’s MPC meeting appeared first...
View ArticleSEC approves International Breweries’ 161 billion share rights issue worth...
International Breweries has announced that it has received approval from the Securities Exchange Commission (SEC) to proceed with is proposed Rights Issue The post SEC approves International Breweries’...
View ArticleTop 5 most promising meme coins of 2024 alongside Notcoin
Notcoin, a popular memeoken recently earned its Nigerian investors and participants money creating a demand for more potential memetokens which can turn a profit. The post Top 5 most promising meme...
View ArticleUS SEC begins approval process of Ethereum ETF, discussions currently ongoing
The United States Securities and Exchange Commission (SEC) has started the approval process of the much-anticipated Ethereum exchange-traded funds (ETFs) as discussions between the potential issuers of...
View ArticleNGX reacts bearishly to rate hike as banking equities lose N108.5 billion in...
Banking stocks dragged the NGX to a second consecutive day of losses on May 23, as they cumulatively lost N108.54 billion of their market value. The post NGX reacts bearishly to rate hike as banking...
View ArticleFBN Holdings releases 2023 audited accounts, profits surge by 128%
FBN Holdings Plc, the parent company of FirstBank, has released its audited financial statements for the year ended December 2023. The post FBN Holdings releases 2023 audited accounts, profits surge by...
View ArticleNaira snaps 4-day winning streak, falls to N1,485.66/$1 on Thursday
The Naira has lost its four-day winning streak, depreciating by 1.55% to close at 1485.66/$1 on the official market on Thursday, according to the latest data from the FMDQ. The post Naira snaps 4-day...
View Article“My sick husband needs help”– Gambaryan’s wife pleads with Nigerian government
Wife of a Binance executive, Tigran Gambaryan, Yuki has called for the release of her husband. The post “My sick husband needs help” – Gambaryan’s wife pleads with Nigerian government appeared first on...
View ArticleCrypto market analyst predicts Bitcoin hitting $150k before end of 2024
Tom Lee has predicted that following previous trends in the Bitcoin cycle, the crypto asset is set to hit an all-time high of $150k before the end of 2024. The post Crypto market analyst predicts...
View ArticleBenchmarking wages to dollar exchange rate would lead to job losses – Rewane...
Managing Director of Financial Derivatives Company (FDC), Mr. Bismarck Rewane has advised the Nigerian Labour Congress (NLC) against linking wage demands to the dollar exchange rate. The post...
View ArticleUnited States SEC approves historic Ethereum Exchange Traded funds
United States SEC approve spot Ethereum ETFs opening doors for influx of institutional capital into the crypto industry The post United States SEC approves historic Ethereum Exchange Traded funds...
View ArticleCBN’s N2 billion capital requirement for BDCs against global standards- ABCON
The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Mr. Aminu Gwadabe has stated that the increase in capital requirements for BDCs from N35 million to N2 billion for...
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