Ten stocks with best dividend payouts in Nigeria for FY 2023
Companies listed on the Nigerian Exchange (NGX) have declared total dividend payouts exceeding N1.5 trillion for the fiscal year 2023. The post Ten stocks with best dividend payouts in Nigeria for FY...
View ArticleStockbrokers say amendment subjecting CBN budget to NASS approval could...
The Chartered Institute of Stockbrokers (CIS) and Association of Securities Dealing Houses of Nigeria (ASHON) have expressed concern over the proposed amendment of the Central Bank of Nigeria (CBN) Act...
View ArticleHow a Shiba Inu memecoin trader turned $2,700 to $1.24 million in three years
How you can replicate the success of an Shiba Inu trader who turned $2,700 to $1.2 million The post How a Shiba Inu memecoin trader turned $2,700 to $1.24 million in three years appeared first on...
View ArticleNaira stays flat at N1,339.33/$1 as FX turnover surges by 81.59%
The naira has remained stable at N1,339.33/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Tuesday, marking no change from the previous day's rate. The post Naira stays flat at...
View ArticleDangote refinery plans dual listing on both the NGX and the London Stock...
Nigeria's Dangote refinery is planning a dual listing on the London and Nigerian stock exchanges, a senior executive announced on Tuesday. The post Dangote refinery plans dual listing on both the NGX...
View ArticleExchange rate for customs duty collection drops by 10.3% in 2days, lowest in May
The exchange rate for the Nigeria Customs Service (NCS) import duties collection has dropped by N153.1 from N1480/$ to N1,327.5 to the USD. This represents a decline of 10.34% since May 27th, 2024,...
View ArticleBlackRock’s IBIT worth $20 billion becomes the world’s largest Bitcoin ETF
Blackrock's Spot Bitcoin ETF becomes the worlds largest Bitcoin ETF with a financial worth of $20 billion The post BlackRock’s IBIT worth $20 billion becomes the world’s largest Bitcoin ETF appeared...
View ArticleExchange rate gains tied to $1.3 billion maturing NDFs, CBN’s interventions
The naira has experienced consecutive double-digit appreciation on the official market, and sources say that the Central Bank of Nigeria (CBN) has been selling more dollars on the official market in...
View ArticleDangote companies post N59 billion equity gain as NGX continues bullish run
Two members of Dangote Group, Dangote Sugar Refinery and National Salt Company posted cumulative equity gains of N59.33 billion, as the Nigerian Exchange continued its bullish run, gaining 0.44% during...
View ArticleNaira falls hard to N1,329.65/$1 as gaining momentum fades
The naira suffered a significant depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, falling to N1,329.65/$1 on Wednesday, May 29, 2024. The post Naira falls hard to...
View ArticleNigerian Banks that made the most profit from outside Nigeria in 2023
Nigerian banks recorded an impressive performance in 2023, driven by policy shifts including increased interest rates to combat inflation and Naira devaluation, which led to foreign exchange gains and...
View ArticleFX market turnover drops 27.68% to $9.12 billion in April – FMDQ reports
The Naira steeply appreciated against the US Dollar, with the spot exchange rate ($/N) decreasing by 22.45% ($/N279.38) to close at an average of $/N1,244.66 in April 2024 from $/N1,524.04 recorded in...
View ArticleTop 5 Memecoins by market cap as Memecoins outperform Bitcoin in the last 7 days
Here are the top 5 Memecoins by market cap as Memecoins surge in the market by 25% as a category The post Top 5 Memecoins by market cap as Memecoins outperform Bitcoin in the last 7 days appeared first...
View ArticlePayPal launches its stablecoin on the Solana blockchain to expand market share
Paypal moves its stablecoin to the Solana blockchain citing faster transactions and cheaper fees. The post PayPal launches its stablecoin on the Solana blockchain to expand market share appeared first...
View ArticleSterling Financial Holdco to seek shareholders’ approval for N200 billion...
The capital increase may be executed via rights issues, private placements, public offerings, or other transaction methods. The post Sterling Financial Holdco to seek shareholders’ approval for N200...
View ArticleChrisland Schools to issue N2 billion in commercial paper @30% interest rate
Chrisland Schools Limited has opened up to N2 billion series 4 (Tranche A &B) Commercial Paper issuance for Subscription under its N8 billion Commercial Paper Issuance Programme. The post Chrisland...
View ArticleExchange rate back to normal range, falls to N1,484.75 at official market
The exchange rate between the naira and the dollar fell to N1,484.75 on Thursday, May 30, 2024, marking the second consecutive day of decline. The post Exchange rate back to normal range, falls to...
View ArticleBest performing banks in Q1 2024 based on pre-tax profit
After an impressive financial performance in 2023, banks have continued to record impressive figures in the first quarter of the year. The post Best performing banks in Q1 2024 based on pre-tax...
View ArticleHow exchange rate volatility is crippling Nigerian businesses
Naira has experienced substantial fluctuations making it difficult for businesses to predict costs and revenues accurately, complicating financial planning and budgeting processes. The post How...
View ArticleGlobal cryptocurrency ownership hits 562 million, 34% jump from 2023
Global ownership of cryptocurrencies hits 562 million in 2024 representing a 34% increase from 2023. The post Global cryptocurrency ownership hits 562 million, 34% jump from 2023 appeared first on...
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