Ethereum ETF trading draws closer as the US SEC mandates submission of S-1...
The United States Securities and Exchange Commission (SEC) led by Gary Gensler has mandated prospective Ethereum Exchange Traded Funds issuers to submit their amended S-1 forms latest today. The post...
View ArticleNaira ends turbulent May at N1,485.99/$1 on official market
After two days of substantial depreciation in a week characterized by significant volatility in the foreign exchange market, the naira showed signs of stabilizing as it closed at N1,485.99/$1 on...
View ArticleAig-Imoukhuede’s Family Office, Tengen Holdings, purchases N1.01 billion...
Since May 28, 2024, the Mauritian-incorporated company, Tengen Holdings (Mauritius) Limited, has acquired approximately 59.403 million shares of Access Holdings, valued at roughly N1.012 billion. The...
View ArticleOando Plc reports N74.7 billion profit for 2023, bolstering NAOC acquisition...
Leading energy company, Oando Plc reported its unaudited 2023 full-year results showing a 78.9% growth in revenues to N3.5 trillion. This substantial revenue increase was driven by higher sales...
View ArticleCBN permits IOCs to sell 50% of repatriated export proceeds to authorized FX...
The Central Bank of Nigeria (CBN) has announced that International Oil Companies (IOCs) can sell 50% balance of their repatriated export proceeds to authorized forex dealers. The post CBN permits IOCs...
View ArticleNaira drops 5.6% against dollar in May in official market
The Nigerian currency ended the month weaker, despite a monthly decline in the dollar index. The post Naira drops 5.6% against dollar in May in official market appeared first on Nairametrics.
View ArticleCBN to re-issue N1.56 trillion maturing NTBs in Q3 2024
The Central Bank of Nigeria (CBN) plans to re-issue maturing Nigerian Treasury Bills (NTBs) worth N1.56 trillion in the third quarter of 2024. The post CBN to re-issue N1.56 trillion maturing NTBs in...
View ArticleNigerian Stocks close May with 1% gain after weeks of losses
Nigerian stocks ended the month of May with a surprise gain after the NGX All-Share Index (ASI) staged consecutive gains this week, closing at 99,300.38 points. The post Nigerian Stocks close May with...
View ArticleFX rate for customs duties collection rises by 23.9% as naira weakens
The exchange rate for the Nigeria Customs duties collection has risen by 23.9% from N1,196.6 per USD to N1,482.9/$. This marks an increase of N286.3 in just 2days from May 30th 2024 when it dropped to...
View ArticleNigeria’s interest in Bitcoin immune to FG clampdown on crypto market
Nigerians are still outraged by President Tinubu's administration's clampdown on P2P trading in the cryptocurrency industry The post Nigeria’s interest in Bitcoin immune to FG clampdown on crypto...
View ArticleHoneywell Flour Mills reports N8.5 billion pre-tax losses, third year in a...
Honeywell Flour Mills, one of Nigeria’s major flour milling companies reported its financial year end audited accounts, stating that it posted a loss of N8.5 billion, marking its third consecutive year...
View ArticleCrypto Industry Lost a total of $42.6 Million to Hackers in May
Crypto Industry lost $42.6 million to hackers in May 2024 according to Certik The post Crypto Industry Lost a total of $42.6 Million to Hackers in May appeared first on Nairametrics.
View ArticlePaint maker, CAP Plc leads as best performing stock in May 2024
After posting a 6.1% loss in April 2024, the NGX bounced back marginally in May, posting a 1.09% gain, as the All-Share Index closed at 99,300.38 points. The post Paint maker, CAP Plc leads as best...
View ArticleFlour Mills of Nigeria incurs N1.84 trillion expense on raw materials, posts...
Flour Mills of Nigeria has published its audited financial statement for the fiscal year ending March 31, 2024, reporting a profit after tax of N3.54 billion. The post Flour Mills of Nigeria incurs...
View ArticleExpert trader says Bitcoin price could hit $130,000 by September 2025
Experienced trader, Peter Brandt, has stated that Bitcoin’s Bull run is following similar post-halving patterns and could hit $130,000 by September next year. Peter Brandt compared the market...
View ArticleNotcoin token surges by 400%, becomes best-performing asset in the crypto...
Notcoin token is fast becoming the breakout star of the cryptocurrency industry with a stellar performance of over 400% gain in value and a new all-time high record of $0.027. The post Notcoin token...
View ArticleTapswap to offer 3 million shares, $600 Binance voucher to players
Tapswap, the popular play-to-earn cryptocurrency project hosted on Telegram has announced plans to reward players with three million TapSwap shares and a $600 Binance voucher. The post Tapswap to...
View ArticleNGX reacts bearishly to strike action, as market declines by 0.13%
The Nigerian Exchange started June on a bearish tone, as investors’ sentiments were quite cautionary considering the nationwide strike. The post NGX reacts bearishly to strike action, as market...
View ArticleFX turnover crashes by 42.92% on first trading day in June
The Nigerian official foreign exchange (FX) market witnessed a significant downturn in turnover, crashing by 42.92% on Monday, June 3, 2024. The post FX turnover crashes by 42.92% on first trading day...
View ArticleNaira lurks within N2,000 price mark against British Pounds
Naira languished against the British pound near the N2,000 support line, as the fortunes of the British currency gained momentum in global FX markets. The post Naira lurks within N2,000 price mark...
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