PZ Cussons cuts pre-tax losses by 86%, boosts revenue for period ending...
PZ Cussons Nigeria Plc reported a pre-tax loss of N5.2 billion in its interim financial statements for the period ending August 31, 2024. The post PZ Cussons cuts pre-tax losses by 86%, boosts...
View ArticleNaira depreciates 6.13% at I&E window as CBN announces interest rate increase
On Tuesday, September 24, 2024, the Nigerian naira further depreciated against the US dollar, closing at N1,658.48 in the official Investor and Exporter (I&E) window. The post Naira depreciates...
View ArticleSouth African rand appreciates 11% against dollar amid economic sector...
As of the market opening on September 25, 2024, the South African Rand has risen by 11% against the US dollar since its low in February, reflecting gains in key economic sectors from the second through...
View ArticleBinance helps Indian authorities recover $47.6 million from trending gaming...
Binance, the largest crypto exchange in the industry has helped Indian authorities trace $47.6 million from a trending game project which scammed its players. The post Binance helps Indian...
View ArticleUnderground Crypto Trading in China Hits $75 Billion Following Crypto Ban
The official cryptocurrency Ban in China has done little to stop the Chinese appetite for crypto as recent reports reveal that underground crypto trading in the country hit $75.4 billion over 9 months....
View ArticleFidelity Bank PLC trades as high as N17.95, gains over 38% month-to-date
On Wednesday, Fidelity Bank briefly surpassed the N17 mark during trading, maintaining its upward trend that has gained momentum in September, before closing at N15.35. The post Fidelity Bank PLC...
View ArticleSeplat and Flourmill lead advancers as All-Share Index gains 0.42%
The Nigerian All-Share Index (ASI) maintained its upward momentum on Wednesday, closing at 98,987.42—an increase of 418.83 points or 0.42% from the previous day. The post Seplat and Flourmill lead...
View ArticleCBN to sell another $20,000 to each BDC at N1,590/$1, limits profit margin to 1%
The CBN has announced the approval of the sale of an additional $20,000 to each eligible Bureau de Change operator (BDC) in the country. The post CBN to sell another $20,000 to each BDC at N1,590/$1,...
View ArticleFG proposes NIMASA, NPA to collect fees and charges in Naira rather than Dollars
The federal government is proposing that the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA) to begin collecting charges, fees, fines and others in...
View ArticleNaira closes at N1,667.42 in I&E window on September 25
The Nigerian naira continued its slide against the US dollar, closing at N1,667.42 in the official Investor and Exporter (I&E) window on September 25, 2024.
View ArticleNaira rises by 5.48% at I&E window as market turnover soars
The Nigerian naira appreciated against the US dollar, closing at N1,576.10 in the official Investor and Exporter (I&E) window on Thursday, September 26, 2024. This represents a 5.48% gain from the...
View ArticleLower U.S. index readings, MPC interest rate hike boost Naira
The Nigerian naira took advantage of weak U.S. dollar index readings in the official market and a surprise interest rate hike by the CBN amid ongoing dynamics in Nigeria's fragile FX market. The post...
View ArticleUS Foreign Affairs Committee pass resolution demanding the release of Tigran...
The US House Foreign Affairs Committee passed a legislative measure demanding the release of detained Binance Executive Tigran Gambaryan in Nigeria over concerns over his health. The post US Foreign...
View ArticleNigerian All-share Index declines 0.07% despite surge in market volume
The Nigerian All-Share Index (ASI) fell by 0.07%, down 64.88 points to close at 98,458.68, even as market volume surged, on September 27, 2024. The post Nigerian All-share Index declines 0.07% despite...
View ArticleNaira strengthens against dollar, reaches N1,540.78 at I&E Window amid...
The naira strengthened against the US dollar on September 27, 2024, closing at N1,540.78 in the official Investor and Exporter (I&E) window. The post Naira strengthens against dollar, reaches...
View ArticleUdo Udoma acquires first significant stake in Seplat Energy Plc
Seplat Energy Plc has announced that its Chairman, Udo Udoma, has acquired shares in the company The post Udo Udoma acquires first significant stake in Seplat Energy Plc appeared first on Nairametrics.
View ArticleGuinness Nigeria’s provides update on share sale to Tolaram
Guinness Nigeria Plc is on the verge of completing its ownership transition, with the company’s Board of Directors confirming that the sale of Diageo’s majority stake to Tolaram is progressing...
View ArticleFederal Government raises N264.527 billion from September bond auction amid...
The Nigerian Federal Government has raised N264.527 billion at its September bond auction, according to the Debt Management Office (DMO). The post Federal Government raises N264.527 billion from...
View ArticleBinance founder, Zhao released after 4 months
Changpeng Zhao, the founder of Binance and a key figure in the global cryptocurrency industry, has been released. The post Binance founder, Zhao released after 4 months appeared first on Nairametrics.
View ArticleBitcoin surges past $65,000 with $365 million spot ETF inflows fueling rally
Bitcoin the primary crypto asset has surged past $65,000 in a momentous resurgence following significant inflows into Bitcoin exchange-traded funds. Inflows into the Bitcoin ETFs have reached a...
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