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Best performing African currencies in October 2025

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Nascon reports N36.6 billion 9M profit, as salt and seasoning sales boom

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Markets

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

MicroStrategy's Bitcoin holdings now worth $783 million, Canadian investment company buys more Bitcoin, Bitcoin price drops $1400 in minutes, Binance, BTC wallets holdings 0.1 BTC reaches all time high, 13,000 BTC wallets are now worth more than $1,000,000

Cryptos

13,000 BTC wallets are now worth more than $1,000,000

BTCs moving from the investment bucket into the trading bucket could become a crucial source of liquidity.

LAPO microfinance bank, NSE Prepares to Launch X-Mobile to Boost Investors participation, NSE promotes investment diversification, as it holds 4th Market Data Workshop , NSE’s Oscar Onyema urges capital market operators to take advantage of Finance Act,Why the NSE is advising stockbrokers to stop applying for new licenses, NSE appointed executive committee member of the Financial and Information Services Association, COVID-19: How CBN policies helped prevent the collapse of the Nigerian economy- Oscar. N. Onyema

Stock Market

NSE Lists LAPO Microfinance Bank’s N6.2billion bond

by Abiola Odutola

The Exchange continues to implement its commitment to provide a platform to raise capital.

Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%, Central Bank Continues intervention in Forex market to stabilize Naira, Naira to depreciate slightly over $1.52 billion maturing contracts expires, Naira hits N388.84 to $1 at the currency spot market, Investors and Exporters (I&E) window, Naira weakens against the dollar by 1.14% amidst uncertainty, Naira gains against the dollar at I&E window, forex liquidity up by 242%

Currencies

Naira gains against the dollar at I&E window, forex liquidity up by 242%

by Chike Olisah

Forex shortages have persisted since the crash in oil prices coincided with the global lockdown.

Funds Management

Mutual Funds in Nigeria and how they rank in reporting and transparency

by Uche Ndimele

Even the fund manager stands to gain from transparency in reporting mutual fund activities.

Currencies

U.S dollar stays flat as America’s Federal Reserve becomes “extraordinarily uncertain”

The American Dollar Index tracks the dollar’s strength relatively against a bouquet of other major currencies.

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

ETH activity spikes to a 2-year single-day high

Ethereum is a decentralized system, fully independent, and not under anybody’s authority.

Global stocks sell-off persists as resurgence of COVID-19 frighten investors

Stock Market

Investors gain N15.58 billion amidst sell-offs in Nigerian bank stocks

Across sectors, three of the five indexes under our coverage closed in the red.

Company Results

Conoil Plc releases FY financial result for 2019, profit up by 11%

by Chike Olisah

The Revenue for Conoil as of December 31 2019 was N139.76 billion as against the N122.21 billion recorded for the...

Commodities

Crude oil prices slump, as partial lockdowns resume

However, Brent crude is set to end the month of June with a third consecutive monthly gain.

Blockchain, Zilliqa, the fast-rising cryptocurrency that has gained more than 845% since March

Cryptos

Coinbase, Binance, and Kraken Lead in Blockchain Merger & Acquisition Deals