Markets

Equities

NGX: Bonds moderate at N51.48 trillion as ETP rises to N32.19 billion

Equities

Nigeria’s fixed-income market value moderates at N89.14 trillion as investors weigh risks

Companies

UAC of Nigeria Plc opens N45 billion commercial paper issuance; yield up to 19.5%

Home Category Markets

Markets

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

No let off as Naira depreciates further in FX market, Naira depreciates at Investors & exporters window, forex turnover up by over 117%, Naira drops to N462, as currency liquidity stays thin at the black market

Markets

Naira drops to N462 at parallel market

Rates in the parallel market will remain under pressure and we might see it above the N460 /$ levels it...

American Dollar remains king as stimulus fails to stop global financial market panic,Demand for “Inflow dollars” drive exchange rate to as high as $N420/$1 compared to “Cash dollars”, U.S dollar drops against major currencies, tension rises between America and China, U.S dollar gains against major currencies, America threatens China with sanctions., U.S dollar down against major currencies, more countries start lifting of COVID-19 induced lockdowns, The U.S. Dollar Index that tracks the American dollar dropped 0.14% to 96.5 as global Investors and traders appetite for risk increased in momentum, Digitization of U.S Dollar Faces U.S Senate Hearing, U.S dollar Remains Neutral as Strong Economic Macros Weaken its demand, U.S dollar Remains Neutral as Strong Economic Macros Weaken its demandU.S dollar Remains Neutral as Strong Economic Macros Weaken its demandU.S dollar Remains Neutral as Strong Economic Macros Weaken its demand

Markets

Dollar drops against major world currencies

The U.S dollar index that tracks the American dollar against a basket of other major currencies was down 0.67% to...

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

Meet Theta Fuel, the cryptocurrency that catches world’s attention

TFUEL/USD was trading about $0.0026 on May 20th. Just 5 days later, it blew the chart by gaining a whopping 630% to...

BUA Cement gives succour to host communities in Edo

Blurb

Merger, Tax incentive boosts BUA Cement FY 2019 result

by Lawretta Egba

BUA Cement Plc recently released financials reveal a 47.5% increase in revenues of N175.52 billion up from N119 billion in...

Oil prices, OPEC crude oil production drops to its lowest in nearly 30 years

Business News

Brent crude surges pass $36, as major oil producers stick to their pledge on oil output cut

Note that crude oil prices are still down by 45% since the beginning of 2020, a situation that had forced...

net interest income, Nigerian Banks, Fitch, Nigerian banks tremble over Cyber attack, Most Nigerian banks are very likely to fail stress tests should the economic downturn persists and deepens, What Banks can do to improve Real Sector Lending in 2021

Business News

Financial Institutions still the fastest growing sector in Nigeria

by Nairametrics

Banks and other financial institutions posted a 24% GDP Growth Rate for the First Quarter of 2020.

Company Results

Julius Berger reduces dividend payout to prepare for COVID-19 hit

by Lawretta Egba

To prepare for the storm of the COVID-19 induced economic challenge, Julius Berger slashed its dividend to be paid, amongst other cost-cutting...

Nigeria Mining Sector shows growth prospect despite low bank credit provision, Gold hits eight-year high as global recession sentiments strengthened, Gold hits three weeks high, Investors rush to gold, Gold Future Drops to $1727.80 as Tensions Escalate between America and China, Precious metals slump, investors focus on Central Bank’s intervention, FG inaugurates gold refinery project in a landmark event

Markets

Gold futures drops to $1727.80 as America, China tension deepens

by Lawretta Egba

Gold futures dropped by 0.47% at $1,7278.23 by 14.00 pm local time, with the commodity unable to hold most of...

Diaspora

Central banks digital currencies pose a threat against the U.S dollar

In general, digital currencies could weaken the power of U.S. sanctions and the ability of the U.S. Treasury to watch...

Diaspora

Dollar gains against major currencies