Presco’s shareholders approve N24.3 billion final dividends for 2023, total...
Shareholders at the 31st Annual General Meeting (AGM) of Presco Plc, approved a final dividend of N24.30 per ordinary share of 50 Kobo, totaling N24.3 billion, as recommended by the Board of Directors...
View ArticleNaira approaches N1500/$ border line as dollar index surged by 80 basis point
Naira posted significant losses against the haven currency at the last reading session of the week as investors increased their buying pressure on the greenback. The post Naira approaches N1500/$...
View ArticleCrypto Market hit with General price drop, loses $80 Billion in hours
Crypto market experiences meltdown leading to significant price crashes The post Crypto Market hit with General price drop, loses $80 Billion in hours appeared first on Nairametrics.
View ArticleStocks end first week in June in losses, but these stocks gained over 20%
The first week of June concluded with a broadly bearish sentiment on the Nigerian Exchange (NGX), as the overall market witnessed declines. The post Stocks end first week in June in losses, but these...
View ArticleForeign Investors flock to Saudi Aramco’s $11.2 billion stock sale
Foreign investors are set to receive approximately 60% of the shares on offer in Saudi Aramco’s recent $11.2 billion stock sale. The post Foreign Investors flock to Saudi Aramco’s $11.2 billion stock...
View ArticleNaira snap early gains against Euro, far right strengthens grip on Europe
Euro skidded against the naira in the unofficial market on Monday after French President Emmanuel Macron called a snap election following a defeat in the European Union vote by the far-right. The post...
View ArticleNotcoin hits 40 Million users as players earn $1.5 million from airdrop...
Notcoin hits 40 million users globally as players earn $1.5 million in rewards. The post Notcoin hits 40 Million users as players earn $1.5 million from airdrop campaigns appeared first on Nairametrics.
View ArticleBullish cocoa prices push Nigeria’s cocoa earnings by 279% in Q1, 2024
Nigeria’s cocoa earnings spiked by 279% in the first quarter of 2024 on the back of elevated cocoa prices during the first quarter of 2024. The post Bullish cocoa prices push Nigeria’s cocoa earnings...
View ArticleGeregu Power forecasts 148% year-on-year profit growth for Q3 2024
Geregu Power Plc has forecasted a profit after tax of N9.9 billion for Q3 2024, representing a 148% year-on-year increase from the N3.98 billion net income posted in Q3 2023. The post Geregu Power...
View ArticleFX turnover records first crash after Afrexim Bank’s $925 million announcement
The foreign exchange (FX) turnover on the Nigerian official market crashed by 39.95% on Monday. The post FX turnover records first crash after Afrexim Bank’s $925 million announcement appeared first...
View ArticleFidelity Bank records single-day turnover volume of over 600 million shares
Fidelity Bank was by far the most traded stock in the NGX today, with a turnover volume of about 605.257 million shares, even as the stock gained 6.52% to close at N9.80. The post Fidelity Bank records...
View ArticleTolaram to acquire majority shares in Guinness Nigeria as Diageo exits
In a landmark deal set to reshape Nigeria's beverage market, Tolaram has agreed to acquire Diageo's 58.02% shareholding in Guinness Nigeria Plc. Guinness made this announcement via a press release on...
View ArticleGuinness share price surges on announcement of Tolaram takeover
Guinness Nigeria’s share price has gained over 8%, trading at N55.60 as of mid-day on June 11, 2024. The gain is coming on the heels of an announced takeover of Guinness Nigeria by Tolaram. The post...
View ArticleBlum hits 20 million users, adds over 10 million users in just 11 days
Blum crypto app hits 20 million Users, adds over 10 million users in just 11 days The post Blum hits 20 million users, adds over 10 million users in just 11 days appeared first on Nairametrics.
View ArticleTotalEnergies and Presco soar as MTN’s N195 billion loss downs the market
TotalEnergies Marketing and Presco posted massive gains today in the NGX, gaining 9.98% and 9.97% respectively. The post TotalEnergies and Presco soar as MTN’s N195 billion loss downs the market...
View ArticleNaira trades within narrow range as FX turnover surges by 138.67%
The naira exhibited signs of moderate stability as foreign exchange (FX) turnover surged by 138.67% on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window. The post Naira trades within...
View ArticleNaira strengthens below N1,500/$ bandwidth amid U.S interest rate decision
The naira posted some gains against the greenback as the dollar index moderated significantly while market players awaited America's inflation data and the U.S. Federal Reserve's interest rate decision...
View ArticleWhy Tolaram’s N104 billion acquisition of Guinness Nigeria is a game changer
On June 11, 2024, Diageo announced it had entered a deal to sell its 58.02% stake in Guinness Nigeria Plc to Tolaram, bringing an end to over five decades of direct ownership of the Nigerian...
View ArticleTapswap: 5 red flags that hint the crypto project might not be legit
Tapswap has gained serious ground in the Nigerian crypto space after the very successful airdrop campaign by Notcoin. The post Tapswap: 5 red flags that hint the crypto project might not be legit...
View ArticleNigerians withdraw N14.2 billion from pension funds as job losses spike
The National Pension Commission (PenCom) has approved the disbursement of N14.2 billion to 8,651 Nigerians who experienced temporary job loss in the first quarter of 2024. The post Nigerians withdraw...
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