Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
VFD Group restructures board, co-founder Adenubi resigns as executive director, Veritas’ Ibraheem Abe appointed as board member
VFD Group Plc has announced a major restructuring of its board, as two board members retire while three new board...
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Bitcoin drops below $54,000 as Mt. Gox transfers $2.6 billion in BTC
Bitcoin the primary crypto asset has dropped further in price hitting below $54,000 its lowest price level since late February...
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NEM Insurance shareholders approve N3.009 billion dividend for 2023
Shareholders of NEM Insurance Plc have approved a dividend of N3.009 billion dividend recommended by the Board of Directors for...
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Nigeria’s pension asset gains N4.1 trillion in one year, hits all-time high of N20.2 trillion
In May 2024, the Nigerian pension industry maintained its uptrend, reaching an all-time high of N20.23 trillion.
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New UK Leader: British pound shows strength against naira and U.S dollar
The global currency market got the much-needed reassurance after years of market volatility under the Conservatives when Keir Starmer's centre-left...
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Oando hits highest share price in 9 years, as market declines by 0.24%
The Nigerian Exchange (NGX) on July 4 recorded a slight decline, as the All-Share Index closed at 100,063.32 points, from...
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Nigerian Exchange Group confirms Jude Chiemeka as CEO of NGX Limited
Nigerian Exchange Group Plc (NGX Group) has announced the appointment of Mr. Jude Chiemeka as the substantial Chief Executive Officer...
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Floki trader makes $1.12 million profit despite general crypto market slump
A Floki trader and early investor just pulled in a realized profit of $1.12 million from his Floki trade despite...
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Circle USDC becoming MiCA compliant is a major win for the entire crypto industry – Oyebanji
Mr. Olayimika Oyebanji is a Web 3 policy expert and an award-winning crypto journalist who has interviewed Circle’s Head of...
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NGX ends H1 2024 as the best performing stock market in Africa
The Nigerian Exchange was the best-performing stock market in Africa in the first half of 2024, with a 33.81% growth...
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