Markets

Airtel sets new denominator for voting rights calculation, updates shareholders in September

Ripple unlocks a billion XRP in bold move as price stays steady

Currencies

Exchange rate: Forex traders say Chinese traders now collecting naira instead of dollars

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Markets

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

XRP community considers launching Native staking on XRPL Ledger

by Michael Ndu-Okeke

October 18, 2024

The XRP community is seriously considering the launch of native staking feature on the XRPL ledger giving users of its...

Commodities

Gold posts new record high at N4.5 million per Ounce

by Olumide Adesina

October 18, 2024

The yellow metal hit a record high in London trade on Friday, benefiting from safe-haven demand with just weeks left...

Agusto & Co sees gradual downward adjustment of official exchange rate to ₦480-500/$

Currencies

Naira drops to N1,660.49 in I&E Window despite surge in market volume

On October 17, 2024, the naira resumed its decline against the U.S. dollar, closing at N1,660.49 in the official Investors...

Nigerian Stock Market sees red from start to finish, suffers N156 billion loss at last trading day of the week

All-Share Index dips 0.21% as market volume shrinks

On October 17, 2024, the All-Share Index (ASI) ended the trading session in negative territory, shedding 210.15 points to close...

Analysts issue ‘Buy’ recommendation for Aradel Holdings, project 12-month target price

Analysts have issued a buy recommendation for Aradel Holdings, which was recently listed on the Nigerian Exchange (NGX) on October...

Why the CBN shocked the world by raising interest rates to 27.25%,

Currencies

Weak naira is an opportunity for Nigeria to boost its export trade – Cardoso

by Cyrus Ademola

The Governor of the Central Bank, Yemi Cardoso, stated that the sharp drop in the value of the naira presents...

Yellow Card raises $33 million in Series C funding to drive global expansion

by Samson Akintaro

Crypto startup, Yellow Card, has announced the successful closing of its Series C financing, raising $33 million.

Stock market kicks off September in the red: ASI slips 0.15% amid declining trading volume

All-Share Index sheds 249.40 points, closes Wednesday’s session in the red

The All-Share Index (ASI) ended the trading session in the red on October 16, 2024, shedding 249.40 points to close...

Company Results

United Capital PLC reports 131.6% surge in pre-tax profit for third quarter of 2024

United Capital PLC has released its financial results for the third quarter of 2024, posting a pre-tax profit of N9.6...

Binance receives $500 million in Inflow as Bitcoin Short term holders rake in profits

by Michael Ndu-Okeke