Naira drops 1.15% at I&E window, despite a sharp rise in market turnover
The naira weakened against the U.S. dollar on October 11, 2024, closing at N1,641.27 in the official Investor and Exporter (I&E) window, despite crude oil futures remaining above $79 per barrel....
View ArticleWeekly Market Report: Nigerian stock market posts 0.09% gain as trading...
The Nigerian stock market wrapped up the trading week ending October 11, 2024, on a positive note, gaining 86.09 points to close at 97,606.63. The post Weekly Market Report: Nigerian stock market...
View ArticleRipple Co-founder Chris Larsen donates $1 million in XRP to Kamala Harris
Ripple Co-founder Chris Larsen has made his first publicized and recorded cryptocurrency donation to Kamala Harris the flagbearer of the Democratic party and the current vice president of the United...
View ArticleWhat is the Ice Open Network and how has its token performed
The ICE Open Network is a budding crypto project that hopes to address the challenges of Centralization in today's digital economy. The post What is the Ice Open Network and how has its token...
View ArticleNaira among worst performing currencies in Sub-Saharan Africa this year –...
The Nigerian naira has been ranked among the worst-performing currencies in Sub-Saharan Africa for 2024. The post Naira among worst performing currencies in Sub-Saharan Africa this year – World Bank...
View ArticleNaira falls by 6.83% in I&E Window amid inflation increase
On October 15, 2024, the naira resumed its downward slide against the U.S. dollar, closing at N1658.97 in the official Investors and Exporters (I&E) window. The post Naira falls by 6.83% in...
View ArticleNaira loses N1,650/$ support line in official market
The naira has lost ground, breaking the N16000/$ support level against the dollar in the official foreign exchange market, with the dollar index remaining firm amid a less dovish Fed outlook. Data from...
View ArticleBybit set to launch spot trading for X Empire token on October 24
Bybit, a top crypto exchange in the Crypto industry has announced that it will be listing $X tokens for spot trading on October 24. The post Bybit set to launch spot trading for X Empire token on...
View ArticleTesla moves $769 million in Bitcoin to multiple unknown wallets
Tesla, America’s foremost electric car manufacturer has quietly moved over $769 million worth of its BTC assets to several unknown wallets in a move sparking speculation in the crypto community. The...
View ArticleBinance receives $500 million in Inflow as Bitcoin Short term holders rake in...
Bitcoin short-term holders and speculators are currently engaged in a massive profit-taking spree as Bitcoin's current price gains take the crypto asset to a three-month high. The post Binance...
View ArticleUnited Capital PLC reports 131.6% surge in pre-tax profit for third quarter...
United Capital PLC has released its financial results for the third quarter of 2024, posting a pre-tax profit of N9.6 billion, more than double the N4.1 billion recorded in the same period last year....
View ArticleAll-Share Index sheds 249.40 points, closes Wednesday’s session in the red
The All-Share Index (ASI) ended the trading session in the red on October 16, 2024, shedding 249.40 points to close at 98,291.53, slipping below its opening value. The post All-Share Index sheds...
View ArticleYellow Card raises $33 million in Series C funding to drive global expansion
Crypto startup, Yellow Card, has announced the successful closing of its Series C financing, raising $33 million. The post Yellow Card raises $33 million in Series C funding to drive global expansion...
View ArticleWeak naira is an opportunity for Nigeria to boost its export trade – Cardoso
The Governor of the Central Bank, Yemi Cardoso, stated that the sharp drop in the value of the naira presents an opportunity for the country to boost its exports to other nations. The post Weak naira...
View ArticleAnalysts issue ‘Buy’ recommendation for Aradel Holdings, project 12-month...
Analysts have issued a buy recommendation for Aradel Holdings, which was recently listed on the Nigerian Exchange (NGX) on October 14, 2024. The post Analysts issue ‘Buy’ recommendation for Aradel...
View ArticleAll-Share Index dips 0.21% as market volume shrinks
On October 17, 2024, the All-Share Index (ASI) ended the trading session in negative territory, shedding 210.15 points to close at 98,081.38, slipping beneath its starting value. The post All-Share...
View ArticleNaira drops to N1,660.49 in I&E Window despite surge in market volume
On October 17, 2024, the naira resumed its decline against the U.S. dollar, closing at N1,660.49 in the official Investors and Exporters (I&E) window. The post Naira drops to N1,660.49 in I&E...
View ArticleGold posts new record high at N4.5 million per Ounce
The yellow metal hit a record high in London trade on Friday, benefiting from safe-haven demand with just weeks left until a closely contested election in the world's largest economy, alongside the...
View ArticleXRP community considers launching Native staking on XRPL Ledger
The XRP community is seriously considering the launch of native staking feature on the XRPL ledger giving users of its community to opportunity to earn yield on their tokens. The post XRP community...
View ArticlePolymarket community split over $50 million Trump coin bet
Polymarket the largest crypto-based prediction market in the industry has witnessed its community split over a bet on whether Donald Trump will launch a crypto coin before November 4 the day of the...
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