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Crypto Market Cap Hits $2.62T as Bitcoin Crosses $70K Bitcoin price is back trading above $70,000 after weeks of sideways price action across the market. The world’s largest digital cryptocurrency…
Heritage Bank; NDIC Begins Payment of Depositors’ Insured sum — MD The Nigeria Deposit Insurance Corporation (NDIC), says it will begin payment of insured sum to 2.3 million depositors of…
OANDO, Fidelity, Transcorp Drive Midday Loss on NGX The equities market is currently trading negative due to selloffs in key stocks like Oando, Fidelity Bank and Transcorp Plc among other…
VFD Group to Raise N30bn, Divests interest in Abbey Mortgage VFD Group has revealed a plan to raise N30 billion from the capital market, subject to its shareholders approval at…
Interest Rate on 1-Year OMO Bill Drops by 10bps The interest rate offered on one-year open market operations (OMO bills) crashed during the monetary authority’s primary market auction on Monday.…
Airtel Africa Steadies N8trn despite Unusual Trade Volume Airtel Africa Plc.’s market valuation or capitalisation was unchanged despite large transactions conducted on the telecommunications stock. Its share price remained flat…
Naira Depreciates to N1467.95, Lost 6.4% in May The naira depreciated further on Tuesday over persistent US dollar demand surge by eligible participants at the Nigerian autonomous foreign exchange market.…
Sahara Group Strengthens Downstream Business with Appointments Sahara Group has announced a series of strategic appointments aimed at advancing the expansion of the group’s downstream business in Africa. The company…
Projects: Dangote, Lafarge, BUA to See Solid Growth in 2024 –Analysts Nigeria’s cement companies are expected to see better growth performance in 2024 as government ramp up capital projects spending.…
Equities Investors Lose N69bn as Financial Stocks Fall The equities market capitalisation of the Nigerian Exchange (NGX) dipped by more than N69 billion on Tuesday as investors began fresh profit…