Circle USDC becoming MiCA compliant is a major win for the entire crypto...
Mr. Olayimika Oyebanji is a Web 3 policy expert and an award-winning crypto journalist who has interviewed Circle’s Head of Global policy in the past on Circle’s expansion strategy and issues bothering...
View ArticleFloki trader makes $1.12 million profit despite general crypto market slump
A Floki trader and early investor just pulled in a realized profit of $1.12 million from his Floki trade despite the entire crypto market being in red at the moment. The post Floki trader makes $1.12...
View ArticleNigerian Exchange Group confirms Jude Chiemeka as CEO of NGX Limited
Nigerian Exchange Group Plc (NGX Group) has announced the appointment of Mr. Jude Chiemeka as the substantial Chief Executive Officer of Nigerian Exchange Limited, its operating exchange subsidiary....
View ArticleOando hits highest share price in 9 years, as market declines by 0.24%
The Nigerian Exchange (NGX) on July 4 recorded a slight decline, as the All-Share Index closed at 100,063.32 points, from the opening 100,299.48 points. The post Oando hits highest share price in 9...
View ArticleNew UK Leader: British pound shows strength against naira and U.S dollar
The global currency market got the much-needed reassurance after years of market volatility under the Conservatives when Keir Starmer's centre-left Labour Party gained a substantial majority in the UK...
View ArticleNigeria’s pension asset gains N4.1 trillion in one year, hits all-time high...
In May 2024, the Nigerian pension industry maintained its uptrend, reaching an all-time high of N20.23 trillion. The post Nigeria’s pension asset gains N4.1 trillion in one year, hits all-time high of...
View ArticleNEM Insurance shareholders approve N3.009 billion dividend for 2023
Shareholders of NEM Insurance Plc have approved a dividend of N3.009 billion dividend recommended by the Board of Directors for the 2023 financial year. The post NEM Insurance shareholders approve...
View ArticleBitcoin drops below $54,000 as Mt. Gox transfers $2.6 billion in BTC
Bitcoin the primary crypto asset has dropped further in price hitting below $54,000 its lowest price level since late February and breaking another key support. The post Bitcoin drops below $54,000 as...
View ArticleUPDC REIT Plc records a 17.43% loss in market value to lead weekly losers
UPDC Real Estate Investment Trust (REIT) Plc one of trust funds quoted on the Nigerian Exchange Group Plc (NGX) recorded a loss of 17.43% at the end of the first trading week of July as the domestic...
View ArticleVFD Group restructures board, co-founder Adenubi resigns as executive...
VFD Group Plc has announced a major restructuring of its board, as two board members retire while three new board members are appointed. The post VFD Group restructures board, co-founder Adenubi...
View ArticleGerman government makes u-turn buys back over $111 million bitcoin
The German government has made a sharp U-turn from its previous chain activities where it has been selling large swathes of Bitcoin and adding to the selling pressure in the market. The post German...
View ArticleNigeria set to develop Indigenous blockchain “Nigerium” to foster data...
The National Information Technology Development Agency (NITDA) has aired its plan to develop an Indigenous blockchain dubbed “Nigerium” to protect the country’s data and promote national security....
View ArticleAnalysis: Is GTCO a Buy, a Hold, or a Sell?
GTCO is about to embark on a right issue as it targets a N360 billion capital raise. Is the current share price of N47 a buy, sell or hold? The post Analysis: Is GTCO a Buy, a Hold, or a Sell?...
View ArticleNigerian mergers and acquisitions reach $2.6 billion in the first quarter of...
The value of Nigerian mergers and acquisitions (M&A) that were disclosed in the first quarter of 2024 was estimated to be $2.6 billion. The post Nigerian mergers and acquisitions reach $2.6...
View ArticleFinancial analysts predict stock market pullback in H2 2024
Financial analysts have forecasted a likely pullback in the stock market during the second half of 2024, following a peak in the first half of the year. The post Financial analysts predict stock market...
View ArticleExchange rate for customs duties collection drops to N1,512/$
The exchange rate for customs duties collection has dropped from N1516/$ to N1512/$ between the 5th of July and 7th of July 2024. This represents a decline of N4 when compared to the previous rate. The...
View ArticleNigeria’s external reserves surge to $34.66 billion, highest level in 13 months
Nigeria’s external reserves have increased yet again, this time by $1.88 billion to $34.66 billion as of July 4, 2024, marking a 13-month high. The post Nigeria’s external reserves surge to $34.66...
View ArticleFidson Healthcare seeks to raise N20 billion capital through share offering
During the company’s Annual General Meeting on July 4, 2024, its shareholders approved the resolution which authorizes its directors to raise N20 billion through a share offering programme. The post...
View ArticleEarly filers: NGX applauds Geregu Power, Airtel Africa, others for corporate...
The NGX has recognized five companies, namely Geregu Power Plc, United Capital, Infinity Mortgage Bank, Briclinks Plc, and Airtel Africa for their high corporate governance practices. The post Early...
View ArticleCurrency outside banks hits new all-time high of N3.71 trillion in May 2024
The amount of currency outside the Nigerian banking system has reached a new all-time high of N3.71 trillion in May 2024. The post Currency outside banks hits new all-time high of N3.71 trillion in...
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