Best performing stocks so far in June 2024
With an All-Share Index of 99,925.29 as of June 14, 2024, the market has a year-to-date return of 33.64%. This is in contrast with the 39.84% YTD return achieved at the end of Q1 2024. The post Best...
View ArticleNotcoin drops by 11% as airdrop claim ends
Notcoin price drops by 11% as Airdrop claim comes to an end The post Notcoin drops by 11% as airdrop claim ends appeared first on Nairametrics.
View ArticleNaira sustains N1500/$ bandwidth at black market
The naira maintained the N1500 bandwidth against the dollar at the parallel market, while the U.S. dollar index broke higher than 105 index points. The post Naira sustains N1500/$ bandwidth at black...
View ArticlePension fund assets rise to N19.787 trillion as of April 2024 – PenCom
Data from the National Pension Commission (PenCom) indicates that Nigeria’s pension fund assets have increased to N19.787 trillion as of April 30, 2024. The post Pension fund assets rise to N19.787...
View ArticleTop memecoins drop in price value as June general market decline continues
Top Memecoins in the crypto industry are facing a significant drop in price following the general market meltdown in the crypto space at the moment. The post Top memecoins drop in price value as June...
View ArticleCrypto long traders lose $420 million in 24 hours following Bitcoin dip
Bitcoin, the primary crypto asset, witnessed a significant dip in price which affected other crypto assets and resulted in the liquidation of $420 million worth of long positions by crypto traders....
View ArticleBitcoin drops to $65,000 as miners sell-off hits two-month high
The Primary crypto asset, Bitcoin, has hit a monthly low of $65,000 as a result of several factors which include bitcoin miners selling off their assets at a rate never seen before in two months. The...
View ArticleRecapitalization: Rights Issue will shield banks from hostile takeovers –...
Mr. Sam Onukwue is the Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON) and a Fellow of the Chartered Institute of Stockbrokers (CIS). The post Recapitalization: Rights...
View ArticleEnjoyCorp Limited completes acquisition of 86.5% stake in Champion Breweries
The Board of Champion Breweries Plc has announced the completion of the acquisition of an 86.5% stake by EnjoyCorp Limited in the brewery firm. The post EnjoyCorp Limited completes acquisition of...
View ArticleEthereum gains 3.8% as SEC drops its investigation on status of asset
Ethereum, despite the general market bleed out, gained nearly 4% as the United States Securities and Exchange Commission (SEC) closed its investigation on the crypto asset without filing charges. The...
View ArticleNigeria’s share of global FX reserves falls to 0.26%, as global FX reserves...
Global Forex Reserves hit $12.3 trillion at the end of 2023 representing a 3.5% year-on-year increase from the $11.92 trillion recorded a year earlier. The post Nigeria’s share of global FX reserves...
View ArticleBybit hits 30 million users globally as market share expands to 12%
Bybit has hit over 30 million registered users globally expanding its market share in spot trading from 2% in 2023 to more than 12% in 2024. The post Bybit hits 30 million users globally as market...
View ArticleTop 5 promising Web 3 careers for young Nigerians
The popularity of telegram-based Web 3 clicker games like Tapswap, Hamster Kombat, and Notcoin highlights the growing interest in Web 3 by a huge number of Nigerians The post Top 5 promising Web 3...
View ArticleOkomu Oil, Presco post 94% growth in profits in Q1’2024 amid rising inflation
The combined profit of Presco Plc and Okomu Oil Palm Company Plc, two leading quoted agricultural firms rose by 94.32% during the first quarter of 2024 amid volatility in the economy. The post Okomu...
View ArticleIndia slams $2.25 million fine on Binance amid ongoing trial in Nigeria
The world’s largest crypto exchange, Binance, has been hit with a fine of 188.2 million rupees ($2.25 million) by India's Financial Intelligence Unit (FIU) for violating its money laundering law. The...
View ArticleVFD Group adjust share price following bonus share issuance
The share price of VFD Group Plc closed at N40.60, an 80% decline from the previous trading session's price of N202.90. The post VFD Group adjust share price following bonus share issuance appeared...
View Article5 key things Tapswap team addressed in its first X space ever
The team behind Tapswap, the trending web 3-clicker game joined an X space hosted by members of the Ton blockchain community yesterday drawing over 900,000 users. The post 5 key things Tapswap team...
View ArticleOtedola regains position as First Bank’s majority shareholder, increases...
Nigerian billionaire, Femi Otedola, the Chairman of FBN Holdings has regained his position as the majority shareholder of First Bank. He now holds a 9.41% stake in the bank, after acquiring N18.9...
View ArticleFG seeks N450 billion from June 2024 bond auction
The Federal Government plans to raise at least N450 billion through its latest bond offer for June 2024, as announced by the Debt Management Office (DMO). The post FG seeks N450 billion from June 2024...
View Article‘Fidelity Bank’s N127.10 billion capital raise to strengthen market position...
Fidelity Bank's CEO, Nneka Onyeali-Ikpe, announced a N127.10 billion capital raise to enhance market position and expand internationally. The post ‘Fidelity Bank’s N127.10 billion capital raise to...
View Article