Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
Brent crude soar to $43 as world braces for COVID-19 vaccine
Brent crude futures gained 1.46% while West Texas Intermediate (WTI) rose 0.91% to trade at $41.81.
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Crypto: REN, LEND and KNC emerge best performing DeFi assets
DeFi-coins all had an impressive growth on their network activity over the past several weeks.
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Dollar scarcity worsens as exchange rate falls to N472/$1 at black market
The exchange rate disparity between the official and back market rate widened on Monday.
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SEC to implement capital market automation, aid market efficiency
The SEC said automation will enable a cost reduction and an increase in capital market efficiency.
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Satoshi Nakamoto’s unspent BTCs worth $10.9 billion
It’s been a known fact in the crypto-world that Patoshi was operated by Satoshi Nakamoto.
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ACCESS, ECOBANK, ZENITH BANK record loses, as Nigerian bourse finishes flat
NEIMETH and CUTIX were the top losers of the day with -10.00% and -9.84% declines.
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Fidelity Bank appoints Nneka Onyeali-Ikpe as new CEO, as Okonkwo retires soon
The current CEO is scheduled to retire by December 31st, 2020.
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Forex turnover at NAFEX hit $1.6 billion since June 2020
Forex turnover at the FMDQOTC has averaged $47 million dollars over the last 32 days.
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Crude oil bulls lose steam as COVID-19 cases hit record high
OPEC+ meeting and a big draw in US crude and product inventories helped oil recover
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Gold maintains key support level as investors adopt a wait-and-see attitude
Gold futures dropped slightly lower to trade at $1,808.65, losing about 0.07%.
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