News from Nigeria’s capital, currency, commodities, cryptocurrencies and money markets.
Nigerian equities market records second weekly loss in 2022
U.S to issue executive order on crypto next week
Sequoia Capital to launch $600 million crypto fund
Over 77,000 crypto investors burnt as Bitcoin drops on fear of Russian invasion
Exchange rate falls to N575/$1 as dollar scarcity bites harder
$40,000 becomes key support zone as Bitcoin loses $4,000 in 24 hours
Circle’s valuation now stands at $9 billion after revised merger agreement
Market closes flat with SEPLAT, MTNN, others weighing down capitalization by N1.40 billion
China’s CBDC nearly completes in a single day eNaira’s 3month’s worth of transaction
Naira falls to N575/$1 at black market, weakens against Euro and Pounds
Gold moves closer to $1,900 as investors react to Fed minutes