Markets

Equities

Abubakar Suleiman buys 19.6 million Sterling shares worth N160.6 million, joins two other deals in August

Exclusives

8 insurance provisions in Nigeria’s new Act every landlord, developer, and property investor should know

Equities

GUINNESS, four other stocks lead gains as All-Share Index breaches 146,000

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Markets

News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.

Non-Performing Loans for Construction Sector Grows by 66.6% to N 86.40 Billion

Exclusives

Non-performing loans of banks dip by 3.5% – NBS Report

by Johnson Uche

December 13, 2020

A recent NBS report has disclosed that the total volume of NPL of banks declined by 3.5% in Q3 2020, compared to...

$400 million worth of Bitcoin moved by a large entity amid BTC dropping to $18,000

Large entity moves over $628 million worth of Bitcoin

December 13, 2020

Someone just moved 32,353 Bitcoins (628,484,540 USD) transferred from an unknown wallet to another unknown wallet.

Ripple locks 800,000,000 XRP, prices push up

XRP drops 10%, biggest fall since December 4

December 13, 2020

The third most valuable crypto, XRP was trading at $0.49773 at the time this report was drafted, down by 10.07%...

U.S stock futures trade flat, Apple regains $2 trillion market value, Apple iPhone 11, Tax battle: Apple challenges $14 billion court case , Apple to pay $500 million settlement in lawsuit over slow iPhones, Apple supplier Foxconn to reopen manufacturing base in China, Apple donates 10 million face masks to healthcare workers, App developers can now challenge Apple store guidelines

You can now buy Bitcoin, Ethereum, Uniswap through Apple Pay

Lumi’s iOS wallet is permitting global investors in buying crypto-assets like bitcoin, Ethereum, Uniswap through Apple’s popular payments app.

Company News

Lasaco Assurance Plc forecasts N375.23 million profit in Q1 2021

by Chidi Emenike

Lasaco Assurance Plc has predicted a rise in its profit to N375.23 million for Q1 2021.

Company News

Sterling Bank Plc forecasts N2.09 billion PAT in Q1 2021

by Chidi Emenike

Sterling Bank Plc has projected a rise in its Profit After Tax (PAT) to N2.09 billion for the first quarter...

Stock Market

NIPCO, 3 others share prices appreciate, as NASD OTC investors gain N10.58 billion

by Chidi Emenike

NASD OTC Market capitalization moved from N534.8 billion to N545.41 billion.

PayPal acquires shopping browser extension company for $4 billion

Market Views

PayPal, Square make top 10 list of most valuable U.S banks

PayPal and Square are making strong statements on the financial ecosystem of the world's largest economy.

Bitcoin users rise in Nigeria despite Senate, CBN campaign against it, Nigerians losing millions to crypto fraud, Investing in cryptocurrencies in this economic shutdown, Bitcoin could hit above $100,000 by August 2021, Hedge funds, Institutional investors rush to have a stake in Bitcoin, An unknown Bitcoin whale moved $1.3 billion in few mins. Binance, Bitfinex Coinbase, Huobi, receive about 40% of all BTCs , How to buy and sell bitcoins in Nigeria, Investors Are Selling Gold Etf for Cryptocurrency, Investors Are Selling Gold Etf for Cryptocurrency

Why intelligent investors are secretly buying Bitcoin

The most sophisticated investors, the smartest people in the room are quietly buying into Bitcoin.

$700 million worth of Bitcoin moved by an unknown identity