Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
Naira depreciates at black market as demand pressure in forex market intensifies
The Naira depreciated against the dollar to close at N468/$1 on Thursday at the black market.
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NSE Fixed Income Market capitalization hits N17 trillion
The market capitalization of fixed income securities appreciated to over N17 trillion as at October 2020.
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U.S customers can now buy Cryptos with Paypal
The American payment juggernaut PayPal’s is now allowing U.S residents to purchase, sell, and keep cryptos. .
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Bitcoin breaks up, trades above $16,000
The world's most popular crypto, Bitcoin just broke above 16,000 a few minutes ago.
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Nigerian Stocks record highest daily gains in 2020, investors gain N1 trillion
The All Share Index surged beyond the set threshold of 5% triggering a 30-minute trading halt of all stocks.
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Massive buying pressures on NSE triggers market-wide circuit breaker
A market-wide circuit breaker kicked in today when the NSE All-Share Index rose beyond the set threshold of 5%.
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How Libya and Iran can add to Nigeria’s woes
Oil prices are expected to rise slightly in the last quarter of the year, with further gains due to a...
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Why onion has become the “new gold” in Nigeria
The persistent increase and scarcity of onions in major markets have become a major concern for many homes in Nigeria.
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OPEC cuts oil demand outlook again as spike in coronavirus slows recovery
Renewed spike in coronavirus cases in major economies slowing down the oil demand recovery has forced OPEC to revise expectations.
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Crude oil prices up 12% in barely 4 days, triggered by OPEC+ proposed cuts
Crude oil prices recorded impressive gains amid high hopes that leading oil producers will suspend plans on increasing oil supply.
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