Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
Nigerian mergers and acquisitions reach $2.6 billion in the first quarter of 2024
The value of Nigerian mergers and acquisitions (M&A) that were disclosed in the first quarter of 2024 was estimated to...
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Analysis: Is GTCO a Buy, a Hold, or a Sell?
GTCO is about to embark on a right issue as it targets a N360 billion capital raise. Is the current...
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Nigeria set to develop Indigenous blockchain “Nigerium” to foster data sovereignty
The National Information Technology Development Agency (NITDA) has aired its plan to develop an Indigenous blockchain dubbed “Nigerium” to protect...
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German government makes u-turn buys back over $111 million bitcoin
The German government has made a sharp U-turn from its previous chain activities where it has been selling large swathes...
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UPDC REIT Plc records a 17.43% loss in market value to lead weekly losers
UPDC Real Estate Investment Trust (REIT) Plc one of trust funds quoted on the Nigerian Exchange Group Plc (NGX) recorded...
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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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