Markets

June 28, 2020

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

Currencies

Business leaders talk on CBN unification of the Naira

June 28, 2020

Business leaders have given their opinions on CBN's plan to unify the exchange rate of the Naira.

Mutual Funds, Mutual Fund gone bad: Nigerian investor discloses his 10 years investment that nosedived , Nigeria’s mutual fund asset value reaches N1 Trillion

Funds Management

Mutual Fund Reporting: A call for standardization

by Uche Ndimele

Nigerian Mutual Funds do not make their financial reports public.

Currencies

Forex: U.S dollar gains strength, global geopolitical climate worsens

The American dollar continues to attract global investors and currency traders.

Cryptos

SEC warns against illegal cryptocurrency operator and its products

by Chike Olisah

The Security and Exchange Commission (SEC), has warned stakeholders and the investing public about the activities of an illegal blockchain...

Securities

Telegram agrees to settle with SEC over $1.7 billion ‘unlawful’ digital coins

Telegram now has 30 days to pay SEC's penalty and up to four years to pay back investors.

Ecobank, Nigerian Stock Exchange, Beta Glass, Forte Oil, Transcorp lead gainers chart on Wednesday, Law Union, AIICO, Honeywell top gainers’ chart on Wednesday, Investors lose N9.14 billion to bearish trades on Wednesday , Dangote, Cadbury, Flourmills regains bullish momentum run at Nigeria’s Stock Market, AIRTEL, NESTLE, NB lead the Bulls a home win, Investors party with N106.3 Billion

Stock Market

Airtel, Nestle, NB lead the Bulls to a home win, investors gain N106.3 billion

Nigerian bourse finished the week on a positive note as blue chip stocks AIRTEL, NESTLE, NB brought the bulls back in.

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

3 Crypto exchanges control about 14.3% circulating BTC supply

Coinbase, Binance, Huobi, and Bitfinex received about 40% of all BTCs via exchanges this year.

The naira is falling, Naira to depreciate slightly over $1.52 billion maturing contracts expiring today, Naira drop slightly at black market, breaching its support levels, Naira falls against the dollar across all forex markets as liquidity drop by 84% , How to increase your income from one to many

Currencies

Naira falls against the dollar across all forex markets as liquidity drop by 84%

by Chike Olisah

Forex turnover dropped from $90.88 million on Wednesday, June 24, 2020, to $14.68 million on Thursday, June 25, 2020, representing a decline of 83.8%

Commodities

Corn prices plunge to six-week low