Unilever Nigeria records N1.17 billion FX Profit in Q1, 2024

The financial report for the first quarter of 2024 by Unilever Nigeria Plc reveals significant changes in the company’s foreign exchange revaluation, influenced by the volatile foreign exchange market in Nigeria. Key highlights from the financial report include: Read Also: Ghanaian Stocks November 2023 Insights and Year-End Strategies In summary, Unilever Nigeria Plc navigated the … Read more

Sachet Pure water is most sold commodity in Nigeria – According to a Survey

The survey conducted by Nairametrics highlights the significant demand for sachet water, commonly known as pure water, in the micro-business sector in Nigeria. Pure water appears to be the fastest-selling commodity across Lagos, Port Harcourt, and Abuja, with shop owners reporting high turnover rates and substantial profit margins. Key findings from the survey include: In … Read more

Binance Celebrates Women’s Impact in Crypto at “Shades of Yellow” Event

In a vibrant celebration of International Women’s Month, Binance, the world’s leading blockchain ecosystem, hosted the “Shades of Yellow” event on March 7th. The occasion not only commemorated the contributions of women in technology but also underscored Binance’s steadfast commitment to equality and diversity in the crypto industry. Event Highlights: A Blend of Insights and … Read more

Nigeria Stock Exchange Recap – January 2024: The Stars, The Laggards, and Your Next Move

As the echoes of January 2024 fade, the Nigeria Stock Exchange (NSE) stands testament to a month of dynamic financial shifts. Let’s dissect the performances and identify the stars and laggards, guiding you on your next strategic move. Top Performers: Underperformers: Recommendations: Ticker Name Volume Price Change ABBEYBDS Abbey Mortgage Bank Plc 1,652 2.99 +0.00 … Read more

Crypto Market Surges into the New Year: Bitcoin Hits $45,000 Amid ETF Expectations

As the world welcomed 2024, the crypto market painted a bullish picture, with Bitcoin leading the charge by surpassing the $45,000 mark for the first time since early April 2022. The strong rally is attributed to favorable market conditions and mounting anticipation for the approval of a spot ETF for Bitcoin by the U.S. Securities … Read more

Naira Strengthens Against the Dollar: A Detailed Overview of Forex Trends and Market Dynamics

African hands holding multiple spread nigerian currency, money or cash with a two notes of american hundred dollar placed them

Naira’s Triumph: A Strong Close at N844.85/$1 On Tuesday, December 19, 2023, the Naira demonstrated further strength against the dollar, closing at N844.85/$1 in the official market, marking a 5.15% appreciation. The NAFEM data revealed a closure at N888.35/$1, reflecting a N43.5 gain or a 5.15% increase compared to Monday’s close. Throughout the day, the … Read more

Rising Consumer Debt: Nigerians Borrow N290bn in Three Months Amid Economic Struggles

Nigeria Naira and other world currency

As Nigeria grapples with a challenging economic environment, the recent Economic Report for the Second Quarter of 2023 by the Central Bank of Nigeria (CBN) reveals a concerning trend—Nigerians have borrowed approximately N290 billion from banks in just three months. Consumer Credit Surge According to the report, consumer credit, encompassing personal and retail loans, surged … Read more

Airtel’s Soaring Stocks: A Week of Remarkable Gains and Positive Sentiment

In a week that left investors buzzing with excitement, Airtel’s share price witnessed an impressive surge of 27.84%, solidifying its position as one of the week’s top-performing stocks. The positive sentiment surrounding the telecom giant translated into substantial gains, with investors reaping the rewards to the tune of N1.465 trillion by the week’s close. The … Read more