Markets

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

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

USDC Treasury Transfers 20,000,000 USDC to Unknown Wallet

by Olumide Adesina

July 4, 2020

According to data from Coinmarket cap, the digital coin has experienced growth exponentially.

dollars, Bitcoin has halved, what happens next?, Naira should watch out; Nigeria leads in the peer to peer use of Bitcoin than all African countries combined

Cryptos

Earning BTCs without Having To Pay Money

by Olumide Adesina

July 4, 2020

BTC Miners help in facilitating BTC transactions and the provision of security on the blockchain network.

Top 10 stockbroking firms trade N1.35 trillion on stocks in 2019, Nigerian stockbrokers facing extinctionBanking stocks lay anchor on the shaky waters of Nigerian Stock Market, Nigerian banking stocks ignore red flags, boost nigeria stock market, stock market

Stock Market

Consumer goods index turns Nigerian Bourse bearish, amidst poor market liquidity

by Olumide Adesina

July 3, 2020

All indexes closed in the negative terrain with the exception of the Banking Index.

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

Currencies

U.S dollar remains neutral as strong economic macros weaken its demand

by Olumide Adesina

July 3, 2020

The U.S. Dollar Index was slightly down at 0.02% to 97.040 at 1.30 pm Nigerian time.

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Currencies

CBN adjust naira from N360 to N380 at SMIS

by Chike Olisah

July 3, 2020

Reports reaching Nairametrics indicates the CBN has instructed bidders at its Secondary Market Intervention Sales (SMIS) to increase their bidding...

NSE, IFC to Host Virtual Seminar on the Impact of COVID-19 on Women in the Workplace

Stock Market

Top 10 stockbrokers trade a total of N597.4 billion in H1 2020 despite COVID-19 Pandemic

by Lawretta Egba

July 3, 2020

Despite the economic impact of the Covid-19 pandemic, the top ten stockbroking firms in Nigeria traded a total of N597.4...

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 across forex markets as liquidity hits record increase

by Chike Olisah

July 3, 2020

At the black market, the naira appreciated marginally by N1 to a dollar to close at N461 to a dollar.

S&P 500 futures suffer longest run of losses since February, COVID-19 vaccine, Global stocks records astronomical gains in Q2 2020

Stock Market

Global stocks surge triggered by promising COVID-19 vaccine

by Olumide Adesina

July 3, 2020

The news that a potentially successful COVID-19 vaccine was underway raised global investors’ optimism.

Oil prices gain likely to halt over demand uncertainty as US-China tension intensifies

Commodities

Crude oil prices fall over lingering concerns on world’s largest consumer

by Olumide Adesina

July 3, 2020

Both International benchmarks for crude gained more than 2% yesterday.

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

Nigeria leads Africa combined in Q2 2020 on BTC P2P

by Olumide Adesina

July 3, 2020

It shows that BTC is fast gaining the trust of Nigerians for payments and transfers.

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Ellah Lakes share price plunges after announcing failed N235bn IPO

Japaul Gold leads volume as All-Share Index jumps 1,273.8 points

Zichs Agro suspension puts NGX governance under scrutiny

Ikeja Hotels vs. Transcorp Hotels: Who performed better in 2025

Markets

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

USDC Treasury Transfers 20,000,000 USDC to Unknown Wallet

Earning BTCs without Having To Pay Money

Consumer goods index turns Nigerian Bourse bearish, amidst poor market liquidity

U.S dollar remains neutral as strong economic macros weaken its demand

CBN adjust naira from N360 to N380 at SMIS

Top 10 stockbrokers trade a total of N597.4 billion in H1 2020 despite COVID-19 Pandemic

Naira gains against the dollar across forex markets as liquidity hits record increase

Global stocks surge triggered by promising COVID-19 vaccine

Crude oil prices fall over lingering concerns on world’s largest consumer

Nigeria leads Africa combined in Q2 2020 on BTC P2P

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