Markets

Jumia cuts operating loss to $16.5 million in Q2 2025 as active customers grow

Equities

Abubakar Suleiman buys 19.6 million Sterling shares worth N160.6 million, joins two other deals in August

Exclusives

8 insurance provisions in Nigeria’s new Act every landlord, developer, and property investor should know

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Markets

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

Stock Market

Pullback on NSE ASI amid Prestige and Wema Bank surge

by Ubah Jeremiah Ifeanyi

April 28, 2021

The All-Share Index declined by -0.03% to close at 39,305.48 from 39,318.52 index points.

Currencies

Naira falls at NAFEX window as CBN moves to further boost diaspora remittances

by Chike Olisah

April 28, 2021

Naira depreciated on Tuesday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N411.67 to a...

This is why your pension funds are now used to buy Sukuk and Green Bonds

Markets

Nairametrics economic indicators and market recap

by walesmit

April 28, 2021

This week, system inflows should improve driven by inflows from FAAC (NGN681billion), FGN Bond coupons (NGN160billion), NTB (NGN88billion) and OMO...

Binance Coin moves faster than Tesla, gains 114% in a week

Cryptos

Binance, the world’s largest cryptocurrency exchange set to launch an NFT marketplace

by Janet John

The marketplace is aimed at creators and traders of collectables in visual arts, music, games, sports, and more.

CBN forex restrictions on food itemsCBN approves new cheque standard for banks, Banks complex documentation makes it harder to access foreign exchange for Nigerians

Currencies

CBN adds VFD, UK based firms, 8 others to list of Money Transfer Operators

by Abiola Odutola

The apex bank has added 10 to the existing 47 IMTOs in Nigeria.

Chemical and Allied Products Plc boosts Cost of sales by 22% in Q1

Chemical and Allied Products Plc (CAP ) released its unaudited results for the first quarter of the year (Q1, 2021)....

Fidelity Bank Plc profit surges by 64% to N9.6 billion in Q1 2021.

Fidelity Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021). Net interest income for...

Markets

African Finance Corp. issues $750 million 7-year Eurobond at lowest yield to date

by Chike Olisah

Africa Finance Corporation has successfully issued a Eurobond at its lowest yield to date.

Wema Bank Plc posts N4.6 billion profit in FY 2020.

Wema Bank Plc has released its full-year audited results for the period ended 31st of December, 2020. Net interest income...

LivingTrust Mortgage Bank proposes final dividend worth N50 million for shareholders.