Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
Nigeria’s pension assets rise to N10.8 trillion in May 2020
PenCom's Acting DG said pension fund managers have been very cautious about where they invest.
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Sterling Bank CEO disclose purchase of bank shares
The transactions cumulatively come to a total of N46 million.
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Gold rockets above $1850 as it continues 9-year high
Gold futures prices rising to points not touched since September 2011
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Crypto: Investors flocking in large numbers into altcoins
The collective trading volume of the ‘DeFi summer’ tokens recorded a monster growth of +97.9%.
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U.S dollar sheds some gains, stimulus measures weaken the greenback
The U.S. Dollar Index dropped by 0.02% to trade at 95.090 at the time of this report.
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Turnover at NAFEX market drops by 23% as exchange rate disparity rises to N84
The exchange rate disparity between NAFEX rate and back market rate widened by a whopping N84.
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BTC & ETH on pace to hit transactions worth $1.3 trillion in 2020
These settlement assurances are at the core of what allows public blockchains to scale globally.
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DANGOTE CEMENT records loses as All Share Index declines by 0.39%
Market capitalization similarly declined by 0.39% as DANGOTE recorded significant sell-offs in its share price.
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Brent crude soar to $43 as world braces for COVID-19 vaccine
Brent crude futures gained 1.46% while West Texas Intermediate (WTI) rose 0.91% to trade at $41.81.
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Crypto: REN, LEND and KNC emerge best performing DeFi assets
DeFi-coins all had an impressive growth on their network activity over the past several weeks.
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