Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
Investors are rushing into cryptos, as market capitalization surges to $323 billion
This incredible feat shows global investors and traders are rushing into digital coins.
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Nigeria’s crude oil earnings under threat as India oil imports hit 10 year low
Nigeria relies on India for over 15% of export earnings
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COVID-19: Abuja Sheraton suffers 88% drop in revenues
Covid-19 lockdowns have negatively impacted Nigeria's hospitality sector.
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Investors lose N69.6 billion triggered by TOTAL, SEPLAT, GTBANK and MTN
Market sentiment mirrored the All Share Index with 18 losers against 16 gainers.
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Julius Berger records foreign exchange loss of N3.102 billion in H1, 2020
Julius Berger had a plunge in administrative expenses to N15.748 billion in 2020.
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Crude oil prices rally higher following US $1 trillion stimulus plan
Brent crude gained 0.30% to $43.69 as of 8: 20 AM GMT.
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Gold loses $70 dollars in an hour after reaching $2,000
The rush for gold by global investors has been boosted by a weakened greenback.
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Mysterious Bitcoin whale moves 15,022 BTCs worth $162 million
As BTC whales accumulate BTCs, the circulating supply reduces.
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Naira falls to N475/$1, another new low as exchange rate disparity widens
The parallel market exchange rate crashed to a new low.
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DANGOTE CEMENT, GTBANK, ZENITH record gains, as investors gain N186.6 billion
The All Share Index rose as banking bellwethers buoyed the Banking Index by 3.71%.
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