Shiba Inu dips by over 7% following multi-million hack on WazirX
Shiba Inu, the second largest memecoin and the 15th largest crypto asset by Market capitalization has dropped over 7% of its price value following an unfortunate hack on India’s leading crypto...
View ArticleCBN may spend up to $110.81 million in FX sales to BDCs this year
The Central Bank of Nigeria (CBN) may spend up to $110.81 million to sell foreign exchange (FX) to eligible Bureau De Change (BDCs) this year. The post CBN may spend up to $110.81 million in FX sales...
View ArticleWazirX team releases full findings on the $230 million hack on their exchange
WazirX, the leading cryptocurrency exchange in India was recently hacked by malicious actors, and a total sum of over $230 million worth of crypto assets was stolen from the exchange. The post WazirX...
View ArticleCBN plans to invest funds from unclaimed balances in Treasury Bills, other...
The Central Bank of Nigeria (CBN) has disclosed that it may invest funds from unclaimed balances in Nigerian Treasury Bills (NTBs) and other government securities. The post CBN plans to invest funds...
View ArticleCBN sells $106.5 million to 29 FX dealer banks, blames demand pressure for...
The Central Bank of Nigeria (CBN) has announced the sale of $106.5 million as foreign exchange (FX) to 29 FX dealer banks. The post CBN sells $106.5 million to 29 FX dealer banks, blames demand...
View ArticleNigeria’s external reserve has risen to $36.89 billion- Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has stated that the country’s external reserve has increased to $36.89 billion as of July, 16 2024. The post Nigeria’s external...
View ArticleMTN’s N81.9 billion gain drives marginal uptick on week’s slowest trading day
MTN Nigeria recorded a 1.99% gain, representing an equity gain of N81.9 billion on the final trading day of the week. The post MTN’s N81.9 billion gain drives marginal uptick on week’s slowest...
View ArticleSummer vacation, strong U.S. dollar push naira to a 4-month low
The strong U.S. dollar and summer vacation have increased foreign currency demand, pushing the naira to a four-month low. The post Summer vacation, strong U.S. dollar push naira to a 4-month low...
View ArticleAnalysts’ project naira to stabilize between N1,423.26/$ and N1,550/$ by...
Financial analysts at United Capital Plc have forecasted that the exchange rate will stabilize, trending between N1,423.26/$ and N1,550/$ by the end of 2024. The post Analysts’ project naira to...
View ArticleCrypto trading volume declined by 21.8% in June marking third month of decline
Total trading volume on centralized exchanges declined by 21.8% in June, marking a third consecutive month of declining trading activity since March. The post Crypto trading volume declined by 21.8% in...
View ArticleBitcoin price surges to $66,000 amid Global IT downtime
Bitcoin price has seriously recovered from weeks of facing selling pressure which saw its price drop to as low as $53, 500 on July 5 to hit the $66,000 mark at the time of writing this report. The post...
View ArticleUnited Capital tops the week’s gainers with 42.78%, as investors position for...
United Capital Plc was the top gainer in the NGX for the week ending July 19, 2024, with its share price appreciating by 42.78% to close the week at N40.55. The post United Capital tops the week’s...
View ArticleAccess Holdings: Success in acquisition, struggle with shareholder value
Access Holdings has since blown past competing with Nigerian banks and has now set its sights on the continent. This time, they want to be among the top 5 banks in Africa (the bank was not clear by...
View ArticleNigeria’s first Sukuk bond of N100 billion to mature in September this year
Nigeria's first Sukuk bond of N100 billion, which was issued on September 26, 2017, is set to mature on September 26, 2024. The post Nigeria’s first Sukuk bond of N100 billion to mature in September...
View ArticleNigerian Banks and their FX gains
Nigeria's leading commercial banks recorded significant FX revaluation gains, estimated at a combined total of N3.37 trillion in 2023 and Q1 2024, primarily due to the devaluation of the Naira last...
View ArticleeNaira makes up less than 1% of currency in circulation as of March 2024
Nigeria’s Central Bank Digital Currency (CBDC), eNaira, makes up less than 1% of the total currency in circulation as of March 2024, almost three years after it was launched. The post eNaira makes up...
View ArticleNigerian corporates shy away from capital market as cost of debt soars
Nigerian corporates retreat from the capital market as CBN's rate hikes surge borrowing costs, impacting new listings and economic growth. The post Nigerian corporates shy away from capital market as...
View ArticleStockbrokers report “high investor interest” in ongoing banks’ rights issues...
Nigerian banks are currently intensifying efforts to bolster their capital reserves in response to the Central Bank of Nigeria’s recent announcement on new minimum capital requirements. The post...
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 ArticleKamala Harris memecoin hits $24 million market cap following Joe Biden’s exit
Kamala Harris’s memecoin (KAMA) surged to an all-time high hitting a market capitalization of $24 million following the news of President Joe Biden stepping down from the presidential race. The post...
View Article