Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
MicroStrategy records $425 million in digital assets impairments
Due to MicroStrategy’s continued exposure in the flagship cryptocurrency asset, Bitcoin, the company has recorded an impairment of approximately $425...
Read moreMTN Nigeria Plc grows half year profit by 49.5% N141.83 billion, approves interim dividend of N4.55/share
MTN Nigeria Plc released its unaudited financial results for the period ended June 30, 2021. Revenue for the period was...
Read moreLinkage Assurance Plc reports a loss after tax of N2.09 billion in Half Year 2021.
Linkage Assurance Plc released its unaudited financial results for the period ended June 30, 2021. Gross premium for the period...
Read moreTrans Nationwide Express Plc reports half year loss of N48.7 million
Trans Nationwide Express Plc released its unaudited financial results for the period ended June 30, 2021. Revenue for the period...
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More details emerge about how CBN’s e-Naira would affect Nigerians
The Central bank has taken actions against crypto transactions, but embraced the fourth industrial revolution as Nigerian Central Bank Digital...
Read moreDangote Cement Plc grows half year profit by 52% to N191.6 billion.
Dangote Cement Plc released its unaudited financial results for the period ended June 30, 2021. Revenue for the period was...
Read moreFBN Holdings Plc declares N38.05 billion profit in half year 2021, as earnings per share prints at N1.05
FBN Holdings Plc released its unaudited financial results for the period ended June 30, 2021. Net interest income after adjusting...
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CBN and Nigerian banks battle currency speculators
Currency speculators who profit from round-tripping and other currency manipulation practices are in trouble, as the Nigerian central bank and...
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Exchange rate falls at official market as forex turnover drops by 83%
Thursday, 29th July 2021: The exchange rate between the naira and the US dollar closed lower at N411.67/$1 at the official...
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5 Nigerian banks with returns on equity higher than 10%
Among the thirteen (13) banks quoted on the floor of the Nigerian exchange, five (5) banks have recorded Returns on...
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