List of banks excluded from CBN’s retail Dutch Auction
Six prominent banks, including United Bank for Africa (UBA), Wema Bank, and Stanbic IBTC, were disqualified from participating in a recent retail Dutch Auction conducted by the Central Bank of Nigeria...
View ArticleTop 10 Banks that got highest FX from CBN’s latest Retail Dutch Auction
The Central Bank of Nigeria (CBN) recently conducted a Retail Dutch Auction System (rDAS) on August 6, 2024, in an effort to mitigate the rising demand pressures in the foreign exchange (FX) market and...
View ArticleNaira shows strength, faces uphill task at N1,500 resistance line
The Naira strengthened against the dollar on Friday, trading at N1,585/$ from N1,590/$ posted on Thursday in the parallel market. On the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira...
View ArticlePrestige Assurance approves dividend payments for 2024, selects two external...
Prestige Assurance held its Annual General Meeting (AGN) on August 8, 2024, to make resolutions needed in the company for the rest of the year. The post Prestige Assurance approves dividend payments...
View ArticleDangote Group purchases $105.33 million from latest CBN’s Retail Dutch Auction
Dangote Group’s subsidiaries have emerged as major recipients in the latest Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN), purchasing at least $105.33 million in successful...
View ArticleNigerian Eurobonds that can earn you $1,000 for every $10,000 invested Tax-Free
As of August 8, 2024, several Nigerian Eurobonds are offering yields above 9%, making them incredibly attractive to investors. The post Nigerian Eurobonds that can earn you $1,000 for every $10,000...
View ArticleOando soars by over 60% as banking stocks gain N316.4 billion in one week
Oando Plc was the highlight of the trading week ending August 9, 2024, as the stock posted a 60.47% gain to close with a share price of N40.60. The post Oando soars by over 60% as banking stocks gain...
View ArticleBitcoin ETFs record $89.7 million outflow as Ethereum ETFs lose $15.8 million
The two exchange-traded funds (ETFs) for the two biggest crypto assets in the market ended Friday’s trading day on a deficit. The 12-spot Bitcoin ETFs recorded a net outflow of $89.7 million while the...
View ArticleTether’s USDT hit $115 billion Market Capitalization milestone
The market capitalization of Tether’s USDT crossed a milestone of $115 billion cementing Tether as the third largest crypto asset by market capitalization and the most dominant stablecoin in the...
View ArticleCustodian Investment to pay 15 kobo in dividend to shareholders, registration...
Custodian Investment PLC announced the date it expects shareholder names to appear in its books in August. The post Custodian Investment to pay 15 kobo in dividend to shareholders, registration...
View ArticleHarris overtakes Trump on Crypto prediction platform Polymarket, odds surge...
Kamala Harris, the flagbearer of the Democratic party in the upcoming United States elections has surpassed Donald Trump on Polymarket, Crypto’s biggest prediction platform. The post Harris overtakes...
View ArticleCrypto startups pulled $2.7 billion funding in Q2 despite decline in number...
Crypto startups in the second quarter of the year raised $2.7 billion in funding from Venture capital firms. This is slightly higher than what was raised in the first quarter of the year although the...
View ArticleBitcoin falls below $60,000 as Crypto market loses $179 million to...
Through the weekend and Monday morning, Bitcoin, the primary cryptocurrency asset dropped below $60,000 while $177 million was lost to liquidations in the wider crypto market. The post Bitcoin falls...
View ArticleNine firms purchase $25.76 million from CBN’s retail Dutch auction to repay...
The Central Bank of Nigeria (CBN) conducted a Retail Dutch Auction on August 6, 2024, where nine companies purchased a combined total of $25.76 million to meet their loan repayment obligations. The...
View ArticleCoronation’s pre-tax profit soars to N2.6 billion in the second quarter of 2024
Coronation Insurance posted a pre-tax profit of N2.6 billion in its recently published financial statement for the second quarter of 2024. The post Coronation’s pre-tax profit soars to N2.6 billion in...
View ArticleWhy you shouldn’t ignore the Nigerian stock market
The Nigerian stock market is up roughly 31% this year and is in a bull run despite the country's tough economic climate. The post Why you shouldn’t ignore the Nigerian stock market appeared first on...
View ArticleBitcoin ETFs record $27.8 million in inflows as Ethereum ETFs attract $5...
The 12-spot Bitcoin Exchange Traded Funds (ETFs) in the United States market recorded an inflow of $27.8 million after yesterday's trading hours while spot Ethereum ETFs pulled in $5 million. The...
View ArticleHamster Kombat turns down venture capital firms to protect 300 million user...
Hamster Kombat, one of the major play to earn projects in Web 3 has announced its decision to turn down venture capital firms interested in the project. The post Hamster Kombat turns down venture...
View ArticleZenith Bank promises higher dividend payout, as it gears for oversubscription...
Zenith Bank is promising an increased dividend payout to its shareholders despite the addition of over 8 billion shares through its ongoing combined offer. The post Zenith Bank promises higher...
View ArticleCBN incurs N1.55 trillion interest from T-Bills sales in first half of 2024
The Central Bank of Nigeria has incurred an estimated N1.55 trillion in interest payments for the 12 successful Treasury Bills (T-Bills) auctions conduced in the first six months of 2024. The post CBN...
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