Markets

UACN reports pre-tax losses in Q3 2025, blames CHI acquisition cost

October 31, 2025

Custodian Investment reports N52.74 billion profit but misses forecast (2025 9 months)

October 30, 2025

MTN Nigeria 9 Months profits hit N1.12 trillion, declares first dividend in two years

October 30, 2025

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Markets

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

Banks are the biggest beneficiaries of USSD charges - Telcos reply Banks CEOs, Poor service: 19,977 subscribers lodge complaints against Telcos, Why telecoms poor services persist

Currencies

MTN Nigeria, IHS ditch CBN rate for NAFEX in revised tower agreement

by Nairametrics

July 25, 2020

By agreeing to NAFEX rate for its tower deal, MTN hopes to offset the cost via price increase.

Crypto millionaire carts away with $224 million worth of Bitcoin, Whales transfer Bitcoins at an alarming rate, BTC whale moves 10,250 BTC valued at $95,000,000

Cryptos

Why 47% of Bitcoin entities are whales

July 25, 2020

Investors or traders who own a large number of Bitcoins are typically called Bitcoin whales.

Dangote finally addresses how he amassed his wealth without father’s money, Dangote concludes plan to secure 10,000 trucks from Indonesia ,Dangote and other Nigerians hold form as Forbes releases the richest African billionaires list , Dangote injects N63 billion to revive moribund ANAMMCO in Southeast, Dangote subsea pipeline to handle three billion gas supply, link Niger Delta to Lekki, Dangote Fertilizer Contractor Staff tests Negative to COVID-19, Dangote: Report illegal haulage, Shares in Dangote Sugar held by Aliko Dangote has added N90 billion to his wealth in 364 days

Dangote Cement posts N126.41 billion profit in H1 2020

by Abiola Odutola

The company reported revenue of N476.85 billion for the period ended June 2020 compared to N467.73billion recorded in June 2019.

Financial Services

Bears visit Nigerian stock market, triggered by Seplat, Unilever losses

SEPLAT and UNILEVER recorded the largest decline with -10.00% and -4.67% drop in share value.

Company News

Airtel Africa’s profit up 12.9%, customer base reaches 111.5 million

Airtel Africa had risen in customers’ base by 11.8% to 111.5 million in spite of the pandemic.

ETF, stocks, shares, investment, equity,Gold loses some shine on hopes for COVID-19 vaccines

Commodities

Gold nears $1,900, as it continues 9-year high

The precious metal continues to fly higher as global Covid-19 caseloads reach 15 million.

Cryptos

Visa to provide easy ways to spend from crypto wallets

Visa applied for a patent for a digital currency on a blockchain.

Naira maintains stability at forex markets as dollar supply rise by 57%, Exchange rate, dollar, Foreign Direct Investment, Global Investment, Naira appreciates at I & E window, hits N384 to $1

Currencies

Exchange rate sells for N391/$1 at NAFEX as dollars remain in short supply

by Chike Olisah

The exchange rate at the parallel market was unchanged for the third consecutive day.

Saudi, Russia agree to cut oil by 20 million barrel, Further oil production cut required to keep oil price above $40 in 2020 , OPEC + deal to boost Nigeria’s earnings by $2.8 Billion, Oil Still Bullish After OPEC+ Decision

Commodities

Outcome of OPEC’s Joint Ministerial Monitoring Committee

by Opeoluwa Dapo-Thomas

The cumulative OPEC+ cut in August and September would be some 8.4million bpd.

Ethereum,Ethereum Whales Cumulative Holdings Touch 10 Months High, ETH Passes $220, Ethereum wallets holding at least 0.1 ETH just crossed the 3 million mark for the first time

Cryptos

Why it is time to invest in Ethereum