Bybit market share jumps to 16%, surpassing Coinbase by trading volume
Singaporean-based Crypto exchange Bybit has surpassed Coinbase in terms of trading volume and is now trailing Binance in the league of top crypto exchanges. The post Bybit market share jumps to 16%,...
View ArticleNigeria’s external reserves surges to $34 billion, first time since March
Nigeria's external reserve rose hit a new milestone in June rising to $34.07 billion,the highest level since March 2024. The post Nigeria’s external reserves surges to $34 billion, first time since...
View ArticleDollar liquidity in Nigeria’s official market set for 5-month low in June 2024
The Nigerian Autonomous Foreign Exchange Market, NAFEM, is set to record its lowest foreign exchange (FX) turnover in five months in June 2024, as dollar illiquidity continues to exert pressure on the...
View ArticleWhy many turn into Forex trading dropouts
Most inexperienced Forex traders lose over 90% of their money before giving up. The post Why many turn into Forex trading dropouts appeared first on Nairametrics.
View ArticleNigeria’s cryptocurrency market to hit $52.5 million in 2028 – SEC
The Director General of the Security and Exchange Commission (SEC) Emomotimi Agama, has said that Nigeria’s cryptocurrency market will hit $52.5 million in 2028. The post Nigeria’s cryptocurrency...
View ArticleShareholders approve MRS Oil Nigeria Plc’s quest to delist from NGX
Shareholders of MRS Nigeria Limited have approved the voluntary delisting of the company’s shares from the Nigerian Exchange Limited. The post Shareholders approve MRS Oil Nigeria Plc’s quest to delist...
View ArticleTinubunomics push finance cost of consumer goods companies up by 1345% in Q1,...
Finance cost of major consumer goods companies listed on the NGX increased by over 1,400% in the first quarter of 2024 when compared to the corresponding period of 2023. The post Tinubunomics push...
View ArticleWe will post a profit in 2024 – VFD Group declares
The group managing director of VFD Group, Nonso Okpala has expressed confidence in the group’s ability to post a profit in 2024. The post We will post a profit in 2024 – VFD Group declares appeared...
View ArticleBreaking: NGX crosses 100,000 mark for the first time in 10 weeks, as MTN...
The All-Share Index (ASI) of the Nigerian Exchange has crossed the 100,000 mark for the first time since April 16, 2024. The post Breaking: NGX crosses 100,000 mark for the first time in 10 weeks, as...
View ArticleNew Circular: Banks to deposit “excess forex” in Lagos, Abuja branches of CBN
The Central Bank of Nigeria (CBN) has introduced revised guidelines to allow Deposit Money Banks (DMBs) to deposit excess foreign currency notes at its branches in Lagos and Abuja in order to credit...
View ArticleNGX All-Share Index records 33.81% growth in H1 2024 amid economic challenges
Equities trading on the Nigerian Exchange Limited (NGX) concluded the first half of 2024 (January-June) with notable positivity, propelled by a notable surge in investor confidence directed towards...
View ArticleCWG Plc gains 44.55% in market value to top weekly gainers
Computer Warehouse Group (GWP) Plc listed on the ICT sector of the Nigerian Exchange Group Plc (NGX), reported a significant gain of 44.55% growth in market capitalization at the close of the last...
View ArticleNigeria’s exchange rate depreciates by 40% in first half of 2024, despite...
Nigeria's exchange rate closed June 2024 at N1,503.3/$1, marking a 1.3% depreciation for the month. The post Nigeria’s exchange rate depreciates by 40% in first half of 2024, despite forex reforms...
View ArticleBREAKING: PZ Cussons Nigeria reports N96.4 billion losses in FY 2024,...
Consumer goods company, PZ Cussons Nigeria reported a net loss of N96.4 billion for the fiscal year ending May 31, 2024, according to information contained in its latest unaudited financial statements....
View ArticleNigeria receives 35% of Sub-Saharan Africa’s diaspora remittances in 2023
Nigeria emerged as a major recipient of diaspora remittances in Sub-Saharan Africa, capturing approximately 35% of the region’s total inflows in 2023. The post Nigeria receives 35% of Sub-Saharan...
View ArticleBitcoin price hits $61,000 as Ton, cat-themed memecoins add value
Bitcoin traded over the weekend at $61,000 as the primary asset reacted to activities of bulls in the market to push from a $60,000 price tag to just about $61,400. The post Bitcoin price hits $61,000...
View ArticleDiaspora Remittances: Average cost of sending $200 to SSA increases to 7.9%...
The World Bank has highlighted factors that could lead to a decline in remittance inflow to Nigeria and other countries in the Sub-Saharan Africa region (SSA). The post Diaspora Remittances: Average...
View ArticleNigerian Stocks with the best dividend yield 2024
About 58 companies on the NGX have either distributed or plan to distribute dividends based on their 2023 returns. The post Nigerian Stocks with the best dividend yield 2024 appeared first on...
View ArticleNGX-ASeM Index emerges best-performing index in H1’2024 with a gain of 135.25%
NGX Industrial Goods Index, followed with a growth of 73.14% YtD to close H1, 2024 at 4,696.04 basis points. The post NGX-ASeM Index emerges best-performing index in H1’2024 with a gain of 135.25%...
View ArticleCrypto industry loss to hacks reduced by 54.2% in June, only $176 million lost
The month of June witnessed a 54.2% drop in the net losses from crypto hacks and exploits. The post Crypto industry loss to hacks reduced by 54.2% in June, only $176 million lost appeared first on...
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