Markets

Analysts predict naira won’t drop beyond N1,600 in H2 2025, cite reasons

July 16, 2025

Naira surges to 4-month high, breaks N1,520/$ barrier

July 16, 2025

Cryptos

Crypto regulations in Nigeria; these businesses may not survive

July 15, 2025

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

Securities

Telegram agrees to settle with SEC over $1.7 billion ‘unlawful’ digital coins

June 27, 2020

Telegram now has 30 days to pay SEC's penalty and up to four years to pay back investors.

Ecobank, Nigerian Stock Exchange, Beta Glass, Forte Oil, Transcorp lead gainers chart on Wednesday, Law Union, AIICO, Honeywell top gainers’ chart on Wednesday, Investors lose N9.14 billion to bearish trades on Wednesday , Dangote, Cadbury, Flourmills regains bullish momentum run at Nigeria’s Stock Market, AIRTEL, NESTLE, NB lead the Bulls a home win, Investors party with N106.3 Billion

Stock Market

Airtel, Nestle, NB lead the Bulls to a home win, investors gain N106.3 billion

Nigerian bourse finished the week on a positive note as blue chip stocks AIRTEL, NESTLE, NB brought the bulls back in.

Cryptocurrencies, Meet the cryptocurrency catching the world’s attention, Theta Fuel gains 630% in 5 days., U.S regulator invites Banking and Crypto industry leaders for partnership, 3 Crypto Exchanges Control About 14.3%, Circulating BTC Supply.

Cryptos

3 Crypto exchanges control about 14.3% circulating BTC supply

Coinbase, Binance, Huobi, and Bitfinex received about 40% of all BTCs via exchanges this year.

The naira is falling, Naira to depreciate slightly over $1.52 billion maturing contracts expiring today, Naira drop slightly at black market, breaching its support levels, Naira falls against the dollar across all forex markets as liquidity drop by 84% , How to increase your income from one to many

Naira falls against the dollar across all forex markets as liquidity drop by 84%

by Chike Olisah

Forex turnover dropped from $90.88 million on Wednesday, June 24, 2020, to $14.68 million on Thursday, June 25, 2020, representing a decline of 83.8%

Commodities

Corn prices plunge to six-week low

America remains the largest producer of corn while China and Brazil come in second and third respectively.

Crude oil prices, bonny light, 4 key reasons why Brent crude might slip back to $35 per barrel, Crude oil prices resume weekly gains as demand picks up

Commodities

Brent Crude gains ground, Oil traders optimism rebounds

There are fears the resurgence of the COVID-19 virus could stutter the demand recovery for energy.

MicroStrategy, Data obtained from thecrypto analytics firm says that, the number of Bitcoin addresses having at least 0.1 BTC has risen by 14% over the past one year, Did Satoshi Nakamoto cause the panic sell-off in Bitcoin market, Bitcoin hits $8,826, Pigs hit hard at BTC market, plunges 8%

Cryptos

Over 900,000 active Bitcoin wallets push transactions to 3-year high

The last time such development was witnessed was few weeks before 2017 huge bull run.

Stock Market

Nigerian Stock market records sixth consecutive losses, investors lose N15.55 billion

June 25, 2020

Market sentiment, as measured by market breadth, was positive, as 9 stocks gained, relative to 8 decliners.Crude oil printed lower

Company Results

Berger Paints declares dividend of 25k per share, announces 6% increase in revenue

by Ruth Okwumbu-Imafidon

June 25, 2020

This was announced to shareholders during the 60th AGM which was held virtually on Wednesday.

Naira unification may lead to losses for black market speculators