Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
Investors on rampage as Ethereum posts 10.3% gain
Ether price traded at $367.69, with a daily trading volume of $13.9 billion.
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U.S stock futures trade flat, Apple regains $2 trillion market value
Apple gained 3.99% to bring its market cap back to $2 trillion after its shares closed at $117.32.
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Naira depreciates at black market as BDCs expect another forex allocation from CBN
Even though there was a little appreciation in the NAFEX window, the Naira depreciated at the black market.
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Zenith Bank, Unilever, Okomu Oil record losses as investors lose N39.2 billion
FIDSON led 7 Gainers as against 28 Losers topped by CILEASING at the end of today's session.
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Six largest tech stocks by market value lose more than $1 trillion in 3 days
Apple, which hit a $2 trillion market cap on August 19, lost about $325 billion in that time period.
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Crude oil prices drop below $40/barrel, as COVID-19 caseloads approach 27.5 million
Brent crude futures were down by 0.65% trading at $39.52 falling below $40 a barrel.
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Buying signs: Ethereum whales increase their Ether holdings by 84%
Ethereum non-exchange whale increased its holdings by +84% this past month.
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Fidelity Bank to raise N50 billion in bonds in Q4 to refinance existing debts
The new issue will be made to redeem the existing N30 billion bond which was issued at 16.48%.
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Tether mints 250,000,000 USDT
Tether treasury minted a whopping 250 million USDT.
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Exchange rate is weakened at NAFEX window as drop in dollar supply continues
The opening indicative rate was N386.48 to a dollar on Tuesday.
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