Markets

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

Brent crude drops to $25, oil demand drops by about 10% of world’s consumption, Brent Crude Oil hits $26, as Nigeria's Sweet Crude demand falls, Oil price pushes up before OPEC meeting, Asian equity markets mixed, NIGERIA OIL: Darker days ahead as Brent falls below production cost, Brent crude drops, as oil traders focus on OPEC+ meeting

Markets

Brent crude drops, as traders focus on OPEC+ meeting

by Olumide Adesina

June 1, 2020

OPEC+ agreed in April to reduce output by an unprecedented 9.7 million barrels per day in May and June after...

The US dollar remains king, U.S dollar gains against major currencies, America threatens China with sanctions., U.S dollar slumps against major currencies, investors become optimistic about global demand, U.S Dollar Stands Firm, Foreign Exchange Traders Remain Neutral

Markets

U.S dollar falls as investors panic over U.S-China relationship

by Lawretta Egba

May 31, 2020

The Index that tracks the American dollar against a bouquet of other major currencies (like the Japanese yen, British pound...

black market, Having so much naira wealth does not guarantee you getting dollars

Markets

Dollar supply: What Nigerians expect from the CBN

by Olumide Adesina

May 31, 2020

CBN has been rationing forex to protect the naira amid the fall in crude oil prices and deadly COVID-19 that has reduced the country's foreign earnings.

Markets

Brent crude up by 40% in May, strongest monthly bounce since March 1999

by Olumide Adesina

May 30, 2020

It saw steep monthly gains due to falling global crude oil production and expectations for demand growth around the world.

Official: Nigerian Government approves the use of blockchain

Cryptos

KPMG, PwC, Accenture prepare to become Crypto auditors

by Olumide Adesina

May 30, 2020

Big Four firms and other leading brands are working with several crypto and blockchain firms on ways to combat interoperability,...

Stock Market

Dangote Cement: Subdued earnings outlook but valuations still attractive

by CSL Stockbrokers

May 30, 2020

Trading at FY 2020 EV/EBITDA of 7.0x compared to its EM peer average of 9.2x and its 5-year average of...

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Currencies

Naira gains N10 against $1 at parallel market, as forex turnover increases by 592%

by Chike Olisah

May 30, 2020

The continuous rally of the local currency against the dollar can be attributed to the improved liquidity in the foreign...

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

Market Views

Dangote, Cadbury, Flourmills regain bullish momentum on Nigerian Stock Exchange

by Olumide Adesina

May 30, 2020

A total of 325.61 million shares valued at N4.47 billion was traded in 5,647 deals on Friday. FBNH was the...

Gold, Gold prices tick up as President Trump decides on China today, Gold Prices Surges, Protests Erupts In America, Gold Down Over Increased Investor Confidence in Economic Recovery, Gold futures reach two months high over rising Covid-19 cases

Markets

Gold prices rise, as President Trump decides on China today

by Olumide Adesina

May 29, 2020

Gold prices jumped on Friday as China and America’s drift deepened over further moves by China to impose security laws...

Ethereum,Ethereum Whales Cumulative Holdings Touch 10 Months High, ETH Passes $220, Ethereum wallets holding at least 0.1 ETH just crossed the 3 million mark for the first time

Cryptos

Ethereum Whales cumulative holdings touch 10-months high, ETH passes $221

by Olumide Adesina

May 29, 2020

Ethereum whale addresses have just touched a 10-month high with the cumulative holdings of the top 100 non-exchange wallets now...

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Fidson Healthcare grows pre-tax profit to N14.96bn, declares N3.6bn dividend for 2025

Coronation Insurance reports N9.65 billion pre-tax profit for 2025

NEM Insurance reports N27.98bn pretax profit, proposes N7.5bn dividend in 2025

CBN plans N3.95 trillion Treasury Bills auction in Q2 2026; N750bn net issuance

Markets

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

Brent crude drops, as traders focus on OPEC+ meeting

U.S dollar falls as investors panic over U.S-China relationship

Dollar supply: What Nigerians expect from the CBN

Brent crude up by 40% in May, strongest monthly bounce since March 1999

KPMG, PwC, Accenture prepare to become Crypto auditors

Dangote Cement: Subdued earnings outlook but valuations still attractive

Naira gains N10 against $1 at parallel market, as forex turnover increases by 592%

Dangote, Cadbury, Flourmills regain bullish momentum on Nigerian Stock Exchange

Gold prices rise, as President Trump decides on China today

Ethereum Whales cumulative holdings touch 10-months high, ETH passes $221

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