Economy & Market
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63Fallen ‘Crypto King’ Sam Bankman-Fried gets 25 years for fraud
Sam Bankman-Fried, co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors...
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58Weekly Market Report: Mixed Performances Across the Globe
Global Economy According to final data from the Bureau of Economic Analysis (BEA), the United States (US) economy grew by 3.4% in...
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40Bulls Hold Sway Ahead of Easter Break
The equity market nudged higher as the benchmark index rose by 0.27% to close at 104,562.06 points. Renewed interest in MTNN (+0.91%),...
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43Banking Bellwethers Lead Gains
EQUITIESBullish sentiments resurfaced in the domestic stock market today, driven by bargain hunting in ZENITHBANK (+8.8%) and GTCO (+5.7%) stocks. As a...
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77Visa and Mastercard agree to $30b settlement that will lower merchant fees
Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have...
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51Profit Taking Drags Market Performance Down
EQUITIES The Nigerian equities market extended yesterday’s losses following sell pressures on MTNN (-1.7%) and FBNH (-3.4%). Accordingly, the All-Share Index declined...
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161Post MPC: CBN Raises Interest Rate to 24.75%
In line with our expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) again voted to raise the...
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28Capital Market Operators Celebrate Outgoing Exchange Boss Oscar Onyema
The Securities and Exchange Commission (SEC), Nigerian Exchange Group Plc, Association of Securities Dealing Houses of Nigeria (ASHON) among other key stakeholders...
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82Central Bank Sells Dollar to BDCs at ₦1,251/$1
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change (BDC) operators informing them that $10,000 have been...
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49Capital Market Opens Week Bearish
EQUITIES The local bourse opened the week’s trading on a bearish note as profit-taking activities in DANGSUGAR (-10.0%) and TRANSCORP (-8.4%) undermined...
