Binance asks Nigerians to withdraw NGN assets as it ends services in Nigeria
Crypto trading platform, Binance, has advised Nigerians trading on its exchange to withdraw all their NGN assets as it discontinues services in the country. The post Binance asks Nigerians to...
View ArticleMeristem Values Transcorp Power at N305 per share, 27% higher than listed price
Meristem Stockbrokers have recommended that investors purchase Transcorp Power Plc shares which closed its second day of trading with a 10% gain closing at N290.4. The post Meristem Values Transcorp...
View ArticleBinance says Nigerian customers can use its other services after halting NGN
Crypto trading platform, Binance, has issued a further clarification to its earlier statement where it announced the discontinuation of NGN services in Nigeria. The post Binance says Nigerian...
View ArticleTRANSPOWER surges with N25.41 billion shares gain, bullish momentum intensifies
The Nigerian Stock Exchange (NSE) recorded a remarkable growth in its market capitalization, which rose by N194 billion to close at N56.08 trillion. The post TRANSPOWER surges with N25.41 billion...
View ArticleExchange rate falls to N1,602.43/$1 as Binance pulls plug on Naira
The official exchange rate of the naira against the dollar ended its three-day winning streak, falling by 4.26% to N1602.43 per US dollar on Tuesday, March 5, 2024, compared to N1534.19/$1, according...
View ArticleNaira fails to capitalize on weak dollar
The Naira reversed course yesterday, falling at the official window after rising for four days in a row despite the weakening of the US dollar. The post Naira fails to capitalize on weak dollar...
View ArticleBitcoin regains $6K after traders lost $1 billion to crypto volatility
Bitcoin prices were driven higher early on Wednesday by buying demand and a reset in funding rates for perpetual contracts, which fueled a recovery in the broader market. The post Bitcoin regains $6K...
View ArticleFX spot market posts $4.03 billion turnover in January -Report
Spot FX market turnover in January 2024 was $4.37 billion (N4.03 trillion), representing a Month-on-month (MoM) decrease of 40.46% ($2.97 billion) from the turnover recorded in December 2023 ($7.34...
View ArticleMarket optimism prevails as NGX ASI up by 401.18 points, market cap swells...
The market capitalization of the Nigerian Stock Exchange (NSE) increased significantly by N227 billion to settle at N56.31 trillion, indicating a strong demand from investors. The post Market...
View ArticleEgypt to get $8 billion IMF bailout after removing currency controls
Egypt has successfully negotiated an expansion of its International Monetary Fund's (IMF) bailout package to $8 billion, following the government's bold decision to allow the Egyptian pound to plummet...
View ArticleSEC to introduce new anti-money laundering for digital asset operators
The Securities and Exchange Commission (SEC) has announced the development of new guidelines aimed at enhancing the licensing, registration, and screening processes for digital and virtual asset...
View ArticleRecord-Breaking Day: ASI 100,000 surge fuelling N420 billion gain in equity
The NSE's NGX All-Share Index (ASI) rose by 743.66 points to hit a new high of 100,335.3 points, a level last seen on February 27, 2024. The post Record-Breaking Day: ASI 100,000 surge fuelling N420...
View ArticleSEC plans investor clinics in 2024 to reduce N190 billion unclaimed dividends
The Securities and Exchange Commission (SEC) plans to conduct a series of investor clinics across various the country in 2024. The post SEC plans investor clinics in 2024 to reduce N190 billion...
View ArticleNaira stays above N1,600/$1 as traders await another “circular” Friday
The official market witnessed a slight gain in the value of the Naira against the US Dollar, reversing the downward trend of the previous two days. The post Naira stays above N1,600/$1 as traders...
View ArticleBinance kicks out NGN, Currency traders focus on U.S job report
The Nigerian unofficial market rate appreciated by about 1% to close at N1,610 to the dollar on Thursday, while the NAFEX rate fell by 1.18 percent to close at N1,566.43 to the American dollar. The...
View ArticleVitafoam shareholders approve N1.95 billion dividend
Shareholders of Vitafoam Nigeria Plc have approved the company's declared dividend of N1.95 billion. The post Vitafoam shareholders approve N1.95 billion dividend appeared first on Nairametrics.
View ArticleWFE data indicates strong recovery in global market capitalization in 2023
New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, shows a strong recovery in global market capitalization in...
View ArticleDMO to list N350 billion Sukuk bonds on NGX and FMDQ
Following the issuance of its sixth Sukuk worth N350 billion in October 2023, the Debt Management Office (DMO) has announced the listing of the Sukuk on NGX and FMDQ Securities Exchange. The post DMO...
View ArticleMarket resurgence continues as ASI closes week at 101,330.85 points
Continuing the upward trajectory observed on the NGX throughout this week, the market’s All-Share Index appreciated further by 995.55 points, representing 0.99% to close at 101,330.85 points. The...
View ArticleTranscorp Power gains N835 billion to top weekly gainers
Transcorp Power Plc, a prominent power firm recently listed on the Nigerian Exchange Group Plc (NGX), reported a significant gain of approximately N835 billion by the close of weekly trading,...
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