Nairametrics 2024 Q3 Outlook: Nigeria needs stable forex to attract FDIs –...
As Nigeria grapples with inflationary pressures, Naira devaluation, and fluctuating investor confidence, experts emphasize the importance of establishing a predictable and stable Foreign Exchange (FX)...
View ArticleMaga coin (TRUMP) surges by 46.9% after Donald Trump survives assassination...
MAGA coin (TRUMP) a memecoin inspired by Donald Trump, the 45th president of the United States and front bearer of the November Presidential elections has surged by 46.9% following an assassination...
View ArticleBitcoin whales takes full advantage of price dip, acquires 71,000 BTC in one...
Large holders of Bitcoin have taken full advantage of the recent price dip of the primary crypto asset to expand their portfolio adding an additional 71,000 BTC this week. The post Bitcoin whales...
View ArticleNigerian Stocks lose N334 billion in market cap as bears takeover July
The Nigerian Exchange (NGX) started the second half of 2024 on a bearish note, as the market has declined by 0.39% over the past two weeks, leading to a N334 billion in its market cap. The post...
View ArticleNGX lists Wema Bank’s right issue of 8.572 billion shares on its platform
The Nigerian Exchange Limited has admitted Wema Bank Plc’s Rights Issue of 8.572 billion ordinary Shares of 50 Kobo each at N4.66 per Share on the Daily Official List of NGX. The post NGX lists Wema...
View ArticlePharmaceutical companies can no longer cope with forex scarcity as...
The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) expressed serious concerns over the scarcity of foreign exchange in Nigeria, stating that it is impossible...
View ArticleBitcoin surges to $63,000 as selling pressure eases in the market
Bitcoin, the primary crypto asset surged over the weekend to a price level of $63,000 as selling pressure eased in the crypto market following the end of the Bitcoin selling spree by the German...
View ArticleGlobal stock markets react bearishly to Trump’s assassination attempt
The aftermath of the attempted assassination of former US President, Donald Trump has been a mix of sentiments across global stock exchanges, mostly bearish. According to market opening data on Monday,...
View ArticleBitcoin and Ethereum lead as Crypto assets in general witness a $17.8 billion...
Institutional inflow into investment products of digital assets has hit a new record of $17.8 billion year to date with Bitcoin and Ethereum leading the pack. This new record spells the beginning of a...
View ArticleHamster Kombat: 4 key things to know about it as revealed by its anonymous...
Hamster Kombat is arguably one of the most popular Web 3 clicker games hosted on the Telegram at the moment. The post Hamster Kombat: 4 key things to know about it as revealed by its anonymous founders...
View ArticleTrump’s effect, high dollar demand push naira to lowest level since March 15
The naira fell for a fifth day against the greenback despite the CBN's assistance, hitting its lowest level since March amid high demand for U.S. dollars and heightened geopolitical uncertainty. The...
View ArticleAXA Mansard to pay shareholders total dividend of N3.6 billion for FY 2023
Shareholders of AXA Mansard Plc will receive a total dividend of N3.6 billion for the financial year ended December 2023, representing a total dividend of 40 kobo per share declared by the group. The...
View ArticleBitcoin dips as Mt. Gox moves $8.6 billion ahead of looming payouts to...
Bitcoin, the primary crypto asset that has until recently rebounded from the selling pressure heaped on it by the activities of the German government has currently dipped following another Crypto whale...
View ArticleEthereum ETFs to begin trading on July 23 after US SEC gives preliminary...
The much-awaited spot Ethereum Exchange Traded Funds (ETFs) are set to begin trading by July 23 after the United States Securities and Exchange Commission (SEC) under Gary Gensler gave preliminary...
View ArticleAccess Bank raises N442 billion through syndicated Tier II Facility
Access Bank has collaborated with the Dutch Entrepreneurial Development Bank (FMO) to sign a syndicate Tier II Facility agreement valued at $295 million (approximately N442,500,000,000). The post...
View ArticleComputer scientist claiming invention of Bitcoin faces criminal investigation...
Craig Wright, an Australian computer scientist who has long claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is under criminal investigation in the UK for alleged perjury. The post...
View ArticleTop Nigerian insurance firms pay N40.439 billion in claims in Q1 2024
Leading insurance companies in Nigeria disbursed N40.439 billion in claims during the first quarter of 2024, compared to N33.869 billion in the same period of 2023, reflecting a growth of 19.40%. The...
View ArticleMemecoins led the industry in Q2 2024 and total crypto market cap fell by 14%...
Coingecko, the leading crypto-tracking website in the industry recently released its Q2 report which revealed that Memecoins were the major market movers in the second quarter of the year and the total...
View ArticleInvestors bet on Cutix as it appreciates by 46% in four trading days
Nnewi-based cable manufacturer, Cutix Plc is currently trading at a share price of N6.13, marking a 46% appreciation from its July 12 opening price of N4.20. The post Investors bet on Cutix as it...
View ArticleAnalysts criticize KuCoin’s 7.5% VAT on Crypto transactions, urge for clear...
KuCoin's 7.5% VAT on Nigerian crypto transactions, effective July 8, 2024, ignites backlash amid calls for cohesive regulatory policies. The post Analysts criticize KuCoin’s 7.5% VAT on Crypto...
View Article