Nigerian equities market maintains bullish run as market cap gains N29 billion
The Nigerian Exchange (NGX) closed positive keeping the bullish trend going for the first three trading days of the week, with the All-Share Index (ASI) crawling up by 0.05% to close at 98,944.42....
View ArticleInfinity Trust Mortgage Bank reports 107% growth in pre-tax profit for Q3 2024
Infinity Trust Mortgage Bank Plc reported its 2024 third-quarter results showing pre-tax profits grew by 106.99% year on year, reaching N584.406 million. The post Infinity Trust Mortgage Bank reports...
View ArticleNaira exposed to market forces, loses N1,650/$ level at official market
The local currency has been left to the whims of market forces amid the strengthening of the U.S. dollar index. The post Naira exposed to market forces, loses N1,650/$ level at official market appeared...
View ArticlePolymarket user purchases $2 Million of Yes shares for Kamala Harris
A Polymarket User has significantly increased Kamala Harris's odds of winning the US presidential election on the platform by placing a significant bet on her. The post Polymarket user purchases $2...
View ArticleHamster Kombat Telegram subscribers drop to 55 million in October
Hamster Kombat, the biggest and the most popular Tap-to-Earn project has witnessed its Telegram subscribers drop from 60.7 million to 55 million in the month of October per data from Tgstats. The...
View ArticleNigerian Breweries records 159% increase in pre-tax losses in first nine...
Nigerian Breweries Plc has posted its financial statement for the first nine months of the year, recording a 159.7% increase in its pre-tax losses compared to the same period last year. The post...
View ArticleAll-Share Index closes with 0.25% gain as volumes and values traded rebounds...
The Nigerian Exchange (NGX) continued its bullish trend the day, marking the fourth consecutive day of gains. The All-Share Index (ASI) rose by 0.25% to close at 99,189.95 points. The post All-Share...
View ArticleCrypto trader shockingly loses $450,000 in minutes trading memecoin
A cryptocurrency trader has joined the long list of traders who lost a significant amount of money trading memecoins. The post Crypto trader shockingly loses $450,000 in minutes trading memecoin...
View ArticleUS Government-linked wallet loses $20 million in suspected hack
Crypto wallets linked to the United States government have lost over $20 million in suspected compromission by bad actors. The post US Government-linked wallet loses $20 million in suspected hack...
View ArticleNaira ends week strongly, Settles at N1,600/$ in official market
The naira showed mild strength against the haven currency in the last trading session of the week in the official foreign exchange market. The post Naira ends week strongly, Settles at N1,600/$ in...
View ArticleDangote Cement marginally increases nine months pre-tax profit to N406.38...
Dangote Cement Plc saw a marginal increase in its pre-tax profit in the first nine months of 2024 to N406.38 billion as high finance and production costs gulped revenues during the period. The post...
View ArticleNigerian Exchange gains N156.91 billion in equity cap; UBA enters SWOOT...
The All-Share Index (ASI) climbed by 0.26%, gaining 258.96 points to close at 99,448.91 points. The post Nigerian Exchange gains N156.91 billion in equity cap; UBA enters SWOOT category appeared...
View ArticleGuinness Nig Plc records N16.03 billion pre-tax loss in Q1 2024 ending September
Guinness Nigeria Plc recorded a pre-tax loss of N16.03 billion in the period between July and September 2024. The post Guinness Nig Plc records N16.03 billion pre-tax loss in Q1 2024 ending September...
View ArticleNaira shows mixed performance; depreciates to N1730 in parallel market, gains...
The Nigerian naira weakened by 0.12% against the US dollar in the parallel market, on October 25, 2024, trading at N1,730/$1—a marginal decline of N2 from the previous rate of N1,728. The post Naira...
View ArticleIkeja Hotel grows pre-tax profit by 188% in first nine months of 2024
Ikeja Hotel Plc has reported a 188% increase in pre-tax profit in the first nine months of the 2024. The post Ikeja Hotel grows pre-tax profit by 188% in first nine months of 2024 appeared first on...
View ArticleBitcoin is over $1 Trillion bigger than Ethereum
Recent price action shows that Ethereum has fallen significantly behind as Bitcoin has gained the largest price advantage over the altcoin ecosystem in recent history. The post Bitcoin is over $1...
View ArticleCadbury Nigeria Plc records 65% increase in pre-tax losses in first nine...
Bournvita maker, Cadbury Nigeria Plc in the first nine months of 2024 recorded a 65% increase in pre-tax losses from N10.24 billion in the same period of 2023 to N16.93 billion in the period under...
View ArticleVitalik Buterin explains why the Ethereum Foundation sells ETH tokens
The Ethereum Foundation, led by Vitalik Buterin, has been heavily criticized for selling its token. The post Vitalik Buterin explains why the Ethereum Foundation sells ETH tokens appeared first on...
View ArticleNGX starts week on bearish note as ASI dips by 0.74% on profit taking
The Nigerian Exchange’s All-Share Index (ASI) ended the trading session in negative territory on Monday, shedding 740.01 points to close at 98,708.90, slipping below its previous close. The post NGX...
View ArticleTranscorp posts 352% surge in profits as share reconstruction lifts sentiment
Transcorp Plc has released its unaudited Q3 2024 results, reporting an impressive 352% year-on-year (YoY) growth in profit before tax (PBT) to N34.566 billion. This strong quarterly performance brought...
View Article