Why naira still trades above N2,000 against the Biritish pound at unofficial...
The British pound sterling is outperforming most of the world's currencies this year, including the naira, despite a hawkish CBN. The post Why naira still trades above N2,000 against the Biritish pound...
View ArticleIslamic liquidity tools limited despite initiatives in some markets – Report
Islamic banks in many countries continue to face a limited range of Islamic liquidity management instruments (ILMI) compared with conventional banks despite recent initiatives in a number of markets,...
View ArticleBinance executives still detained in Abuja despite Nigeria’s Exit
Binance executives Tigran Gambaryan and Nadeem Anjarwalla are still being detained in a government property in Abuja despite Binance announcing its exit from Nigeria last week. The post Binance...
View ArticleStock market surges to highest level in one month as investors await FPIs
The Nigerian stock market, the NGX appreciated to its highest level in nearly a month as investors positioned for the much-anticipated return of FPIs. The post Stock market surges to highest level in...
View ArticleDangote, Lafarge, BUA Cement’s power cost gulp N598 billion in 2023 as...
Dangote Cement Plc, BUA Cement Plc, and Lafarge Africa Plc spent a whopping sum of N598.137 billion in fuel and power during the full year ended December 31, 2023. The post Dangote, Lafarge, BUA...
View ArticleNaira volatility: Nigeria requests Information from Binance on top 100 users
Nigeria is pushing Binance, a cryptocurrency exchange for information on its top 100 users in the country, as well as all transaction history for the past six months. The post Naira volatility: Nigeria...
View ArticlePhishing scammers stole $47million from 57,000 Crypto users in February alone...
Over $47 million was stolen from approximately 57,000 crypto users in February by criminals using phishing scams to lure their victims. The post Phishing scammers stole $47million from 57,000 Crypto...
View ArticleBinance restricted 281 accounts belonging to Nigerian residents, trained EFCC...
Binance stated it restricted 281 accounts belonging to Nigerian residents due to money laundering concerns in 2022 and extensively collaborated with the FG to protect users from illicit activity. The...
View ArticleSouth Africa to issue 60 Crypto platforms license by month end
South Africa is poised to lead the way in cryptocurrency regulation by licensing approximately 60 digital-asset platforms by the end of the month, positioning itself as one of the first nations on the...
View ArticleCBN sells N161.5 billion in Treasury Bills, as investors seek higher returns,...
The Central Bank of Nigeria (CBN) has sold N161.5 billion worth of Nigerian Treasury Bills (NTBs) across various maturities at its auction on March 13, 2024. The post CBN sells N161.5 billion in...
View ArticleNaira stabilizes at N1,615/$1 across both official and parallel markets amid...
The official market witnessed a slight depreciation in the Naira-dollar exchange rate, closing at N1,615.94 to $1, a 0.78% decrease. The post Naira stabilizes at N1,615/$1 across both official and...
View Article‘Pension fund assets rise to N19.531 trillion as at January ’24’ – PenCom
Data from the National Pension Commission (PenCom) reveals Nigeria’s pension fund assets rose to N19.531 trillion for the period that ended 31st January 2024. The post ‘Pension fund assets rise to...
View ArticleElon Musk hints Possibility of Accepting Dogecoin for Tesla Car Purchase
Tesla’s CEO Elon Musk has suggested that the company might start accepting dogecoin (DOGE) for Tesla vehicle purchases The post Elon Musk hints Possibility of Accepting Dogecoin for Tesla Car Purchase...
View ArticleCrypto quake hit Bitcoin, loses $7,000 within a day, 192,910 traders liquidated
Bitcoin's price dropped by 7% on Friday during the London trading session, reaching as low as $67,000 before rising to roughly $67,700. The post Crypto quake hit Bitcoin, loses $7,000 within a day,...
View ArticleCBN to Banks: Don’t pay dividends with FX gains in 2024
The Central Bank of Nigeria (CBN) has reiterated its position on how banks utilize their FX revaluation gains referencing a previous circular dated September 11, 2023. The post CBN to Banks: Don’t...
View ArticleNigerian Stocks: List of Dividends announced in 2024
This is a list of Dividends announced so far in 2023 and their percentage yield. The post Nigerian Stocks: List of Dividends announced in 2024 appeared first on Nairametrics.
View ArticleSolana surges by 2.94% while other coins crash in value
Solana bucked the crypto market trend when it increased by 2.94% while other coins recorded losses in value. The post Solana surges by 2.94% while other coins crash in value appeared first on...
View ArticleBasic steps to consider before investing in the crypto market
Cryptocurrency is gaining immense traction across the globe further triggered by Bitcoin recently hitting its all-time high. The post Basic steps to consider before investing in the crypto market...
View ArticleNigerian SEC Raises Crypto Exchange Registration Fee from N30 million to...
SEC has proposed an amendment to the registration fee of platforms offering Crypto Exchange services, raising it from 30 million naira. The post Nigerian SEC Raises Crypto Exchange Registration Fee...
View ArticleEurobond Transaction Advisers’ Appointment requires FEC and NASS Approval – DMO
DMO has clarified that the appointment of Transaction Advisers for the issuance of Eurobond is contingent upon the approval of FEC. The post Eurobond Transaction Advisers’ Appointment requires FEC and...
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