Naira rebounds below N1,600/$1 after three-day decline on official market
The naira made a notable recovery in the official market on September 6, 2024, closing at N1,593.32/$1, marking a 2.89% rebound after three consecutive days of depreciation. The post Naira rebounds...
View ArticleBest performing Nigerian Pension Fund Administrators in July 2024
The Nigerian pension industry witnessed varied performances across different Retirement Savings Account (RSA) funds in July 2024, with some Pension Fund Administrators (PFAs) delivering impressive...
View ArticleHigh dividend yield stocks to watch in September 2024
These companies; Smart Products Nigeria Plc, UBA, Access Holdings, and Zenith Bank, not only have the highest dividend yields but also boast solid fundamentals, making them stocks to watch for...
View ArticleStock market kicks off September in the red: ASI slips 0.15% amid declining...
The All-Share Index (ASI) closed the first week of September 2024 with a 0.15% decline, falling from 96,580 points to 96,433 points. The post Stock market kicks off September in the red: ASI slips...
View ArticleVenezuela’s opposition proposes Bitcoin reserve as local currency loses 14...
Venezuelan Opposition Leader Maria Corina Machado has proposed a Strategic Bitcoin reserve for the country as hyperinflation and currency devaluation wipe off 14 zeros in value from the country’s local...
View ArticleDogecoin surges by 1.2% after Elon Musk makes Cryptic tweet on it
Dogecoin, one of the biggest memecoins by market capitalization recorded a slight surge after one of its earliest backers made a cryptic tweet that subliminally promoted the crypto asset. The post...
View ArticleStanbic IBTC to pay interim dividend worth N25.9 billion to shareholders...
Stanbic IBTC Holdings has announced an interim dividend of N2.00 per ordinary share of 50 kobo each, worth N25.9 billion, according to a corporate action statement released by the NGX. The post...
View ArticleNigeria’s SEC to begin crackdown on unregulated crypto exchanges, others
The Securities and Exchange Commission (SEC) has said it would soon commence enforcement actions against all individuals and business entities, including crypto exchanges operating in the country...
View ArticlePower tussle brews at NASD as shareholders call for changes
A growing power tussle is unfolding at NASD PLC as VFD Group PLC, a key stakeholder, calls for a strategic overhaul of the alternative market platform ahead of its 11th Annual General Meeting (AGM)....
View ArticleHackers laundered $49.3 million Ethereum in first week of September using...
Four Hackers behind the latest hacking schemes have collectively laundered $49.3 million worth of Ethereum in the first week of September using crypto mixer Tornado Cash. The post Hackers laundered...
View ArticleAnalysts blame poor interoperability as Ethereum falls 50% below its all-time...
Ethereum, the second biggest crypto asset by Market capitalization is currently down 50% from the All time-high price level it reached in 2021. The post Analysts blame poor interoperability as...
View ArticleWhat is $AIDOGS Airdrop and how can you earn from it
Nigerian crypto enthusiasts are reeling from the successful airdrop of the DOGS crypto project which saw many participants earn thousands of $DOGS tokens. The post What is $AIDOGS Airdrop and how can...
View ArticleASI index closes Monday negative, declines by 0.24%
The All-Share Index (ASI) closed in negative territory on September 9, 2024, shedding 227.07 points as bearish sentiment weighed on key stocks like JBERGER, TRANSPOWER, and MCNICHOLS. The post ASI...
View ArticleNaira appreciates to N1,580.46 at I&E Window with help from CBN’s dollar sale
The exchange rate between the naira and the US dollar appreciated to N1,580.46 at the official Investor and Exporter (I&E) window on Monday, September 9, 2024. The post Naira appreciates to...
View ArticleForex crisis threatens multimillion-dollar data centre investments in Nigeria
Data centre operators in Nigeria are grappling with the severe impact of the protracted forex crisis, which is now threatening millions of dollars in investments already sunk into building the...
View ArticleAmericans lost over $5.6 billion to crypto scams in 2023 — FBI
The Federal Bureau of Investigation has released a report on crypto scams in the United States stating that crypto scams surged by 45% since last year and Americans lost over $5.6 billion to crypto...
View ArticleNaira shows recovery ahead of U.S. inflation data
The Nigerian naira strengthened as the U.S. dollar index edged lower ahead of the U.S. CPI data and the televised U.S. presidential debate. The post Naira shows recovery ahead of U.S. inflation data...
View ArticleJitters for Naira as oil prices fall below $70 for the first time since 2021
Brent crude oil futures fell below $70 per barrel for the first time since December 2021, marking a new downturn in prices driven by strong supply, demand concerns, and widespread speculative selling....
View ArticleMarket Rebound: Nigerian Stock Index climbs by 0.62% as key stocks surge
The Nigerian All-Share Index (ASI) closed on a positive note today, gaining 596.34 points as market sentiment turned bullish. The post Market Rebound: Nigerian Stock Index climbs by 0.62% as key...
View ArticleNaira slips to N1,637 at I&E Window as demand pressure grows
The exchange rate between the naira and the US dollar depreciated by 3.61% at the official Investor and Exporter (I&E) window on Monday, September 10, 2024. The post Naira slips to N1,637 at...
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