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Investors lose N274bn on NGX in one day
Mixed sentiments persisted on the nation’s bourse on Wednesday with the market capitalisation dropping N274 billion in six hours of trading due to sell-off of blue chips.
Specifically, the market capitalisation dipped N274…
UK considers new digital currency, Britcoin
Britain is looking into the possibility of creating a digital currency that households and businesses could use instead of cash – an initiative the finance minister dubbed “Britcoin”.
The use of cash has fallen during the…
Juventus, Man United shares jump on Super League plans
Shares in Juventus and Manchester United jumped on Monday after the clubs announced a breakaway European Super League with another 10 of football’s most powerful teams.
The Italian club’s shares closed nearly 18 percent higher at…
Dangote: Covid 19 crisis cause of high cost of cement
The management of Dangote Cement Plc. has attributed the high cost of cement in Nigeria to the global rise in demand for cement as a result of the COVID-19 crisis.
The company however said
the price of a bag of cement from its…
Cryptocurrency market now worth $2tn -Report
The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion as it increasingly attracts interest from big names on Wall Street.
As digital currency exchange Coinbase prepares to list…
Senate issues 72-hour ultimatum to Emefiele over ‘missing’ $9.5m
The Senate Public Accounts Committee has issued a 72-hour ultimatum to the Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, to appear before it over the alleged disappearance of $9.5m interest which accrued to the…
Stock market records N140bn weekly loss
The Nigerian stock market extended its decline last week as investors lost N140bn.
The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.69 per cent to close the week at 38,382.39 and N20.08tn…
UAE commences Trade and Investment Activities in Nigeria
The United Arab Emirates Embassy has commenced a series of trade and investment promotion activities in the country aimed at bolstering the bilateral trade and investment volume between Nigeria and the UAE.
The trade promotion…
PenCom recovers N553,03m from 19 defaulting employers
The National Pension Commission (PenCom) has said following the issuance of demand notices to defaulting employers whose pension liabilities had been established by the Recovery Agents (RAs), the sum of N553,033,652.01,…
Stock Exchange resumes March with N69bn growth
Activities on the Nigerian Stock Exchange commenced the week and month on Monday on a bullish trend, following uptick in BUA Cement, Zenith Bank and UBA.
Specifically, the market capitalisation increased by N65 billion or 0.33…