US Dollar Index hits 2-Year high as other G5 currencies decline; Naira and...
The US Dollar index hit a fresh high, closing above 107.74 points as of the market ending on the 18th of December 2024, attaining its strongest level in two years. The post US Dollar Index hits 2-Year...
View ArticleAll-Share Index surges past N61 trillion market cap as HONYFLOUR dominates...
The Nigerian All-Share Index (ASI) has ended trading on December 19, 2024, in the green, soaring 770.56 points to close at 101,248.02—a solid 0.77% gain—as it shatters both the 100,500 and 101,000...
View ArticleOando sees light in the tunnel despite sabotage and theft
Oando PLC’s Q3 2024 results reveal a company balancing on the edge of challenges and opportunities. The post Oando sees light in the tunnel despite sabotage and theft appeared first on Nairametrics.
View ArticleSeplat Energy Chairman, Mr. Udoma, acquires additional shares, boosts stake...
Seplat Energy has announced that its Chairman, Mr. Udoma Udo Udoma, has purchased an additional 32,500 shares in the company. The post Seplat Energy Chairman, Mr. Udoma, acquires additional shares,...
View ArticleAnalysts project Dogecoin to hit $3 as Shiba Inu faces 20% drop
Dogecoin (DOGE) has captured the attention of buyers as analysts project a potential rally to $3. Meanwhile, alternative tokens such as Minotaurus (MTAUR) and SHIBA are experiencing explosive surges,...
View ArticleNaira holds N1,550/$ support line at Nigeria’s foreign exchange market
The local currency maintained its ground during the fourth trading session of the week, despite the US dollar index oscillating at a two-year high. The post Naira holds N1,550/$ support line at...
View ArticleBitcoin price crashes to $95,000 as market continues to react to Federal rate...
The cryptocurrency market experienced sharp declines after the United States Federal Reserve announced a 25-basis point rate cut. The post Bitcoin price crashes to $95,000 as market continues to react...
View ArticleCBN permits BDCs to buy up to $25,000 FX weekly from NFEM
The CBN has granted BDC operators temporary permission to purchase up to $25,000 weekly in foreign exchange (FX) from the Nigerian Foreign Exchange Market (NFEM). The post CBN permits BDCs to buy up...
View ArticleYou can still buy PTA/BTA vis banks, CBN reminds Nigerians
Nigerians looking to travel abroad can purchase dollars as personal or business travel allowances via their commercial banks. The post You can still buy PTA/BTA vis banks, CBN reminds Nigerians...
View ArticleMarket Wrap: All-Share Index sheds 118 Points as HONYFLOUR rises, MULTIVERSE...
The Nigerian All-Share Index (ASI) ended its trading on December 20, 2024, in the red, breaking an impressive streak of eight consecutive days of positive performance. The post Market Wrap: All-Share...
View ArticleCBN’s sale of interbank FX to BDCs will tame Nigeria’s inflation – ABCON
The Association of Bureau De Change Operators of Nigeria (ABCON) has commended the Central Bank of Nigeria (CBN) for lifting the suspension of sales of interbank foreign exchange to its members...
View ArticleVanEck CEO says Bitcoin could hit $170k by 2025
Bitcoin has performed outstandingly in 2024, recording an impressive 124.4% uptrend since this year. The post VanEck CEO says Bitcoin could hit $170k by 2025 appeared first on Nairametrics.
View ArticlePZ Cussons slashes pre-tax losses by 99.1% amid rise in operating profit and...
PZ Cussons has announced its interim financial statements for the second quarter of 2024/25, reporting a pre-tax loss of N301.7 million, a significant improvement from N35.1 billion seen in the same...
View Article2 Altcoins poised to become the next Shiba Inu (SHIB) in 2025
The cryptocurrency market is buzzing with new opportunities as altcoins emerge as strong contenders to rival Shiba Inu (SHIB). The post 2 Altcoins poised to become the next Shiba Inu (SHIB) in 2025...
View ArticleWeekly Market Wrap: Nigerian stock market soars 1.76% as All-Share surpasses...
The Nigerian stock market concluded an exceptional trading week on December 20, 2024, with the All-Share Index (ASI) surging by 1,751.03 points to close at 101,129.09. The post Weekly Market Wrap:...
View ArticleMRS Oil (Chevron) shares surge 36% in December on strong Premium Motor Spirit...
Shares of MRS Oil Nigeria Plc (CHEVRON) have increased by over 36% month-to-date on the Nigerian stock exchange, bringing its year-to-date performance to 71.42%. The post MRS Oil (Chevron) shares...
View ArticleTop 5 Penny stocks in Nigeria this Christmas: Big gains for investors
Penny stocks have continued to show resilience and growth in 2024. As of the close of trading on Friday, December 13, 2024, 23 of these low-cost shares, often valued below N5.00, recorded year-to-date...
View ArticleMetaplanet makes Big Bitcoin move, acquires fresh 620 BTC
Metaplanet a publicly listed Japanese company has increased its Bitcoin holding by acquiring fresh 620 BTC worth $60.6 million. The post Metaplanet makes Big Bitcoin move, acquires fresh 620 BTC...
View ArticleAirtel Africa begins second share buyback to return $100 million to...
Telecommunications group, Airtel Africa has announced the commencement of a second share buyback, which would see the company return $100 million to its shareholders. The post Airtel Africa begins...
View ArticleChangpeng Zhao sparks speculation of UAE holding $40 billion worth of Bitcoin
Binance founder and Ex CEO Changpeng Zhao has increased speculation around a growing chatter that the United Arab Emirates holds up to $40 billion worth of Bitcoin. The post Changpeng Zhao sparks...
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