AXA Mansard’s pre-tax profit grows by 57.79% in the second quarter of 2024,...
AXA Mansard published its 2024 second-quarter results, reporting a pre-tax profit of N14.9 billion. The post AXA Mansard’s pre-tax profit grows by 57.79% in the second quarter of 2024, as revenue...
View ArticleWhy the Crypto market is crashing
This week has been a noteworthy one for the global crypto industry following a severe crash in the prices of various crypto assets. The post Why the Crypto market is crashing appeared first on...
View ArticleJumia unveils EUR 244 million Rights Issue to boost expansion
Jumia Technologies AG, the leading e-commerce platform in Africa, announced plans on Tuesday to raise EUR 244 million ($268 million) through a rights issue as part of its strategy to strengthen its...
View ArticleBinance records Net inflow of $1.2 billion in 24 hours amid market crash
Net inflow on Binance, the world's largest cryptocurrency exchange hit astronomical heights of $1.2 billion in 24 hours following massive sell-offs brought about by Monday’s market crash. The post...
View ArticleEthereum ETFs record $98 million inflow as Blackrock’s position hits nearly...
Spot Ethereum Exchange Traded Funds (ETFs) in the United States recorded an inflow of $98 million after trading hours yesterday with Blackrock’s ETHA amassing nearly $900 million in total from the...
View ArticleBREAKING: CBN sells $876.26 million at N1,495/$1 to 26 banks in latest Retail...
The Central Bank of Nigeria (CBN) has sold $876.26 million at N1,495/$1 to 26 qualified banks in its latest Retail Dutch Auction. The post BREAKING: CBN sells $876.26 million at N1,495/$1 to 26 banks...
View ArticleNigeria’s exchange rate appreciates for third consecutive day, closes at...
The naira has appreciated again to close below N1,600/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window. The post Nigeria’s exchange rate appreciates for third consecutive day,...
View ArticleMeCure reports 38% rise in revenues as cost mute profit growth
MeCure Industries PLC released its 2024 second quarter results, reporting a pre-tax profit of N1.33 billion. The post MeCure reports 38% rise in revenues as cost mute profit growth appeared first on...
View ArticleNigeria records 55% increase in net FX flows to $25.4 billion in first six...
The Central Bank of Nigeria (CBN) has said that the results of its policy measures are becoming evident, with net foreign exchange flows rising to $25.4 billion between January and June, marking a 55%...
View ArticleAirtel buys back 406,000 more of its own shares as second-quarter pre-tax...
On August 7, 2024, Airtel Africa announced the purchase of more of its shares from Citigroup Global Markets as part of its share buyback program. The post Airtel buys back 406,000 more of its own...
View ArticleCBN drops stop rate on one-year Treasury Bills to 21.889% in latest August...
The Central Bank of Nigeria (CBN) has adjusted the stop rate on one-year Treasury Bills (T-Bills) to 21.889% in its latest auction held on August 7, 2024. The post CBN drops stop rate on one-year...
View ArticleOne year after floating Naira, NGX market cap drops by $27.8 billion
About one year after the move by the Central Bank to float the Naira and achieve a unified exchange rate, the market capitalization of the Nigerian Exchange (NGX) has declined by $27.8 billion. The...
View ArticleBitcoin ETFs attract $45 million as Ethereum ETF loses $23 million to Outflows
The Exchange Traded Funds (ETF) for the first and second largest crypto asset by Market capitalization performed mildly yesterday recording low figures on both ends of the spectrum. The post Bitcoin...
View ArticleKamala Harris ties with Trump at 49% election odds on Crypto’s biggest...
Kamala Harris, the flagbearer for the democratic party has caught up with Donald Trump on Polymarket tying the Republican candidate man at 49% odds of winning the election. The post Kamala Harris...
View ArticleToncoin surges by 9.2% as Binance lists it for trading
Toncoin (TON) the native crypto asset of Telegram’s The Open Network (TON) ecosystem surged by 12% following an announcement by Binance that the token would be listed for trading on August 8. The...
View ArticleFCMB Asset Management set to raise N100 billion in Nigeria’s first private...
FCMB Asset Management is set to raise about N100 billion (~$63 million) over the next one year as it pioneers Nigeria’s first private credit fund. The post FCMB Asset Management set to raise N100...
View ArticleGhana opens its first gold refinery to gain more value from the resource
Ghana, Africa’s largest gold producer, has inaugurated its first refinery to extract greater value from its natural resources according to reports from Bloomberg. The post Ghana opens its first gold...
View ArticleNew CBN circular clarifies existing rule on certificate of capital...
The Central Bank of Nigeria (CBN) has issued a clarification on the requirements for divestments and repatriation of foreign investments related to the Certificate of Capital Importation (CCI). The...
View ArticleSpot Bitcoin ETFs attract $194 million in inflows as Ethereum ETFs shed $3...
The Spot Bitcoin Exchange Traded Funds in the United States recorded a massive increase in inflows yesterday given that they attracted only $45 million the day before. The post Spot Bitcoin ETFs...
View ArticleTether USDT set to Double Workforce by mid-2025 following industry success
Tether USDT, the leading stablecoin issuer by market share has announced its plan to double its present workforce to contend with the growing success of the country. The post Tether USDT set to...
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