All-Share Index ends Friday in the green, climbs by 0.44% as positive...
The Nigerian All-Share Index (ASI) closed another trading session on a positive note, gaining 431.45 points as bullish sentiment continued to drive market activity. The post All-Share Index ends...
View ArticleCaverton shares soar over 65% MtD in September 2024, after partnership with...
Caverton Offshore Support, a leading marine and aviation logistics company, has seen its share price surge by over 65% month-to-date in the Nigerian stock market. The post Caverton shares soar over...
View ArticleNaira hits N1,665/$ as dollar shortages persist in Black Market
The local currency exceeded the N1,160 threshold against the US dollar despite a significant decline in the dollar index during the week's last trading session. The post Naira hits N1,665/$ as dollar...
View ArticleWeekly market report: All-Share Index climbs 1.06%—What’s fueling the momentum?
The Nigerian stock market recorded gains this week, with the All-Share Index rising by 1.06% to close the second week of September on a positive note, driven by renewed momentum in the banking sector....
View ArticleNaira strengthens to N1,546.41 at the I&E window as Dangote refinery prepares...
The naira closed at N1,546.41 on Friday, September 13, 2024, a 6.3% gain from Thursday’s close of N1,649.76. The post Naira strengthens to N1,546.41 at the I&E window as Dangote refinery prepares...
View ArticleLeadership crisis rocks Nigeria’s blockchain association, SiBAN, all...
The group advocating for cryptocurrency recognition and regulation, Stakeholders in Blockchain Association of Nigeria (SiBAN) is currently embroiled in a leadership crisis as all executive members of...
View ArticleSam Bankman Fried appeals for fresh trial over $8 billion FTX fraud
Former Crypto Billionaire and FTX CEO Sam Bankman-Fried has appealed for a fresh trial over his $8 billion FTX fraud case The post Sam Bankman Fried appeals for fresh trial over $8 billion FTX fraud...
View ArticleUS Authorities Piles fresh pressure on Nigerian Government to Release Binance...
United States authorities have ramped up their pressure on the Nigerian government to release detained Binance executive on humanitarian grounds. The post US Authorities Piles fresh pressure on...
View ArticleGTCO to write off Aiteo loan and switch to aggressive recovery plan
GTCO is preparing to write off a significant loan extended to oil and gas company Aiteo Group, while also launching an aggressive recovery strategy. The post GTCO to write off Aiteo loan and switch to...
View ArticleFirst Bank gains over 30% in stock market following subsidiary sale...
First Bank of Nigeria saw a significant surge in the Nigerian stock market during the second week of September, with its share price climbing by 31.81%. The post First Bank gains over 30% in stock...
View ArticleNigeria’s FX reserves rise by $620 million in 10 days after domestic dollar...
Nigeria’s foreign exchange (FX) reserves rose by $621.2 million in 10 days following the successful sale of a domestic dollar bond. The post Nigeria’s FX reserves rise by $620 million in 10 days after...
View ArticleMeet the Nigerian founders of top African Crypto Exchanges
The Nigerian Web 3 scene is dominated by foreign products and startups founded by foreign crypto entrepreneurs who are usually building for the global market. The post Meet the Nigerian founders of...
View ArticleNigeria’s interest in Bitcoin second highest globally
Nigeria has the second-highest interest in Bitcoin globally, trailing only behind El Salvador according to Google Trends data. The West African country remains the most active Bitcoin adopter in...
View ArticleBinance lists Telegram Crypto game Catizen as 59th project on Binance...
Catizen, a Crypto game project that exists as a mini app on Telegram has been listed as the 59th project on Binance Launchpool. The post Binance lists Telegram Crypto game Catizen as 59th project on...
View ArticleGhana’s Cedi eyes a comeback ahead of key U.S. Federal decision on September 18
The Ghanaian cedi’s more than 27% year-to-date depreciation against the dollar appears to be easing, as the upcoming U.S. Federal Reserve rate cut on September 18 could weaken the dollar, offering the...
View ArticleFlour Mills defies negative sentiment impacting FMCG stocks, rises 22%...
Flour Mills of Nigeria (FLOURMI) has surged 22% month-to-date by mid-September, showing resilience despite negative investor sentiment affecting Fast-Moving Consumer Goods (FMCG) stocks amid the...
View ArticleeNaira: Nigeria, others, top global CBDC adoption as 44 countries join race –...
Nigeria has been listed as one of the top 3 countries in the world where Central Bank Digital Currency (CBDC) has gained momentum as 44 other countries are starting their pilot phase. The post eNaira:...
View ArticleEthereum drops to a 41-month low against Bitcoin
Ethereum the second largest crypto asset by market capitalization has dropped to a staggering 41-month low its lowest level since April 2021. The post Ethereum drops to a 41-month low against Bitcoin...
View ArticleNew Black Agnus memecoin surges by 400% in a day, hits $1.8 billion market cap
A new memecoin has taken the crypto market by storm surging by 400% in a single day and hitting nearly $2 billion in Market capitalization. The post New Black Agnus memecoin surges by 400% in a day,...
View ArticleStock market rises as All-Share Index gains 0.23%, closing in the green
The Nigerian All-Share Index (ASI) extended its positive trajectory in another trading session, gaining 229.02 points as positive sentiment continued to fuel market activity. The post Stock market...
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