Transcorp Hotel rejoins N1 trillion market cap club
Transcorp Hotel has rejoined the N1 trillion market capitalization club, also known as the SWOOTs. The post Transcorp Hotel rejoins N1 trillion market cap club appeared first on Nairametrics.
View ArticleFG raises N297.006 billion in June auction, 66% of target as demand tapers
The federal government has raised N297.006 billion from the June bond auction, which is only about 66% of its target. The post FG raises N297.006 billion in June auction, 66% of target as demand...
View ArticleNigerian Stocks: List of Dividends announced in 2024
This is a list of Dividends announced so far in 2023 and their percentage yield. The post Nigerian Stocks: List of Dividends announced in 2024 appeared first on Nairametrics.
View ArticleMemecoins end bearish run as bitcoin struggles, record double-digit growth
Memecoins have reversed their week-long bearish run in the market with an impressive bull run as other crypto assets like Bitcoin continue to falter. The post Memecoins end bearish run as bitcoin...
View ArticleFX Liquidity: Nigeria recorded “total inflow” of $24 billion in first quarter...
The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that the country recorded a total foreign exchange inflow of about $24 billion in the first quarter of 2024. The post FX...
View ArticleExchange rate drops to N1,500.79/$1, lowest level since May
The naira has weakened further against the US Dollar, falling to N1,500.79/$1 on the official market on June 25, 2024. The post Exchange rate drops to N1,500.79/$1, lowest level since May appeared...
View ArticleFX Crisis: Nigeria has already seen the worst of naira volatility, says...
The Governor of the Central Bank, Yemi Cardoso, stated that the country has already experienced the worst of naira volatility regarding foreign exchange. The post FX Crisis: Nigeria has already seen...
View ArticlePredictions for Nigeria’s stock market in the second half of 2024
The Nigerian Exchange Limited (NGX) is set to close the first half of 2024 on a positive note, driven by renewed investor confidence in listed companies. The post Predictions for Nigeria’s stock...
View ArticleNaira hits June low amid stronger dollar
The naira moderated by 71 basis points in the official market amid increased pressure from the U.S. dollar index, showing improved stability in the unofficial market. The post Naira hits June low amid...
View ArticleDangote Sugar shifts to debt securities for financing, plans N200 billion...
Dangote Sugar Refinery is planning a N200 billion multi-instrument issuance, signifying a shift in the company’s financing model towards the debt securities market. The post Dangote Sugar shifts to...
View ArticlePZ Cussons expects FY 2024 profit around £60 million despite 23% naira...
Soap maker PZ Cussons says it expects its 2024 full-year profit to range between £55 and £60 million despite a 23% adverse movement in the value of the naira. This was disclosed in its fourth quarter...
View ArticleBitwise CIO says Ether ETF would attract $15 billion in net inflows in first...
Bitwise CIO says Ether ETF would attract $15 billion in net inflows in first 18 months going by previous market trends The post Bitwise CIO says Ether ETF would attract $15 billion in net inflows in...
View ArticleDigital capital market will drive $1 trillion economy target, resolve...
The Securities and Exchange Commission (SEC) has said that the digitisation of the capital market will be instrumental in establishing new standards for capital raising in Nigeria. According to the...
View ArticleAMCON struggles with N4.6 trillion negative equity as it reports N108 billion...
The Asset Management Corporation of Nigeria (AMCON) has announced its 2023 full-year results, reporting a profit of N108.4 billion, a significant increase from N34.7 billion in 2022. The post AMCON...
View ArticleNaira on an 8-day depreciation streak, falls again to N1,507.83/$1
The naira has weakened further against the dollar on Wednesday, closing at N1,507.83/$1, based on the latest data from the FMDQ, which manages the NAFEM window where currencies are officially traded....
View ArticleNigeria’s Treasury Bills debt surges to N10.4 trillion, largest balance in...
Nigeria has a total Treasury Bills (T-Bills) debt of N10.4 trillion, a 60% rise in just three months, according to data from the Debt Management Office (DMO). The post Nigeria’s Treasury Bills debt...
View ArticleCBN raises N284.26 billion from yield-hungry investors in latest T-Bills auction
The Central Bank of Nigeria (CBN) has raised N284.26 billion from yield-hungry investors in its latest Nigerian Treasury Bills (NTBs) auction conducted on Wednesday, June 26, 2024. The post CBN raises...
View ArticleWhat ECOWAS can learn from Europe’s MICA in setting regulatory laws for...
What Ecowas can learn from Europe’s MICA in setting regulatory laws for Crypto projects within its juridisction The post What ECOWAS can learn from Europe’s MICA in setting regulatory laws for Crypto –...
View ArticleUnited Capital considers first-ever interim dividend and bonus in Q2’2024
The Board of United Capital Plc will review the Company’s Unaudited Financial Statements for the quarter ending June 30, 2024, along with a consideration for an interim dividend and bonus issuance...
View ArticleSecrecy driving adoption of cryptocurrencies by Nigerian youths – SEC
The Nigerian Security and Exchange Commission (SEC) has said that many Nigerian youths are embracing cryptocurrencies because of the secretive nature of the transactions. The post Secrecy driving...
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