Naira builds strength at official market
The dollar index drifted sideways as the naira showed some strength at the official market on Wednesday, providing relief to the naira and the Nigerian capital market after a sharp decline in the last...
View ArticleNaira rebounds to N1,561 at I&E Window as oil prices hold steady above $77
The naira appreciated against the U.S. dollar, closing at N1,561.76 in the official Investor and Exporter (I&E) window, as global oil prices remained steady above $77 per barrel. The post Naira...
View ArticleConoil Plc declares N3.50 final dividend pay, states qualification deadline
Conoil Plc has declared a final dividend of N3.50 per share on every 50 kobo, for its registered shareholders. The post Conoil Plc declares N3.50 final dividend pay, states qualification deadline...
View ArticleTop 10 most valuable companies in Nigeria by market capitalization
At the end of Q3 2024, Dangote Cement, Airtel Africa, and BUA Foods emerged as the top three most valuable companies in Nigeria by market capitalization, collectively accounting for 43% of the total...
View ArticleMeet Peter Todd, the man HBO claims to be Satoshi Nakamoto
Popular movie streaming service HBO premiered a highly anticipated Documentary yesterday that has set the global crypto space raging with speculations. The post Meet Peter Todd, the man HBO claims to...
View ArticleCoinbase warns Gen Z about growing cases of crypto scams online
Coinbase one of the leading crypto exchanges in the industry has issued a statement on the growing cases of online scams targeted especially at the Gen Z demographic. The post Coinbase warns Gen Z...
View ArticleKenyan Shilling appreciates by 17% amid two interest rate cuts in 2024—How...
The Kenyan shilling has appreciated by 17% year-to-date against the US dollar, as the Central Bank of Kenya (CBK) reduced its benchmark interest rate for the second time in a row, following a...
View ArticleNaira closes at N1,625.13 in I&E window amid market turnover decline
The naira weakened against the U.S. dollar on October 9, 2024, closing at N1,625.13 in the official Investor and Exporter (I&E) window, as crude oil futures slipped slightly to around $76 per...
View ArticleBearish sentiment sweeps across crypto market ahead of CPI report, BTC at...
The crypto market has worn a bearish outlook ahead of the United States Consumer Price Index report set to be released soon. The post Bearish sentiment sweeps across crypto market ahead of CPI report,...
View ArticleTexas drug gang indicted for laundering $50,000 in crypto
A Texas drug ring has been indicted by United States Authorities for laundering $15,000 to $50,000 in cryptocurrency and selling about 12kg of meth disguised as Adderall pills. The post Texas drug...
View ArticleGeregu Power Plc doubles profits in first 9 months of 2024 amid share price...
Geregu Power Plc, Nigeria first listed power generation company, released its 2024 nine months results showing pre-tax profits doubled to N36.2 billion. The post Geregu Power Plc doubles profits in...
View ArticleAll-Share Index edges down by 0.01% as market volume decreases
The Nigerian stock market ended in negative territory on October 10, 2024, as the All-Share Index (ASI) dipped by 0.01%, losing 9.95 points to close at 97,477.19. The post All-Share Index edges down...
View ArticleUBA’s Big Dividend: A significant indicator for shareholders and the market
United Bank for Africa (UBA) Plc has captured investors' attention by declaring a record interim dividend of N2 per share for the first half of 2024, marking a 300% increase from the N0.50 per share...
View ArticleDufil Prima Foods launches October 2024 corporate bond subscription, reveals...
Dufil Prima Foods Limited has opened the subscription window for its October 2024 corporate bond, providing investors with a new opportunity to invest in its debt securities. The post Dufil Prima...
View ArticleAnalysis: The impact of Zrosk’s 10% stake on MeCure’s growth and investor...
On October 2, 2024, MeCure Industries Plc, one of Nigeria’s leading pharmaceutical companies, announced the sale of a 10% equity stake to Zrosk Investment Management Ltd. The post Analysis: The...
View ArticleAradel Holdings to debut on NGX main board on October 14th
Aradel Holdings is set to list on the Nigerian Exchange (NGX) on October 14, 2024, according to information obtained by Nairametrics. The post Aradel Holdings to debut on NGX main board on October 14th...
View ArticleFormer Binance CEO to make first public appearance in Dubai since prison release
Changpeng Zhao, Co-founder of Binance and Former CEO is set to make his first public appearance since he was released from prison in the last week of September. The post Former Binance CEO to make...
View ArticleHow to complete your PI KYC in 10 minutes
Many Nigerians have been locked into PI Network since last year but are yet to sort out their KYC procedure. This article explains how to go about it seamlessly. The post How to complete your PI KYC in...
View ArticleNigerian Breweries extends rights issue deadline to October 18, blame public...
Nigerian Breweries has announced an extension of its ongoing rights issue, initially launched on September 2, 2024, and originally set to close on September 11, 2024. The post Nigerian Breweries...
View ArticleAll-Share Index gains 0.13% as market volume rises to 304 million shares
The Nigerian stock market closed on a positive note on October 11, 2024, with the All-Share Index (ASI) advancing by 0.13%, adding 129.44 points to settle at 97,606.63. The post All-Share Index gains...
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