On September 27, 2024, the Nigerian All-Share Index (ASI) saw a slight decline, dropping by 0.07% or 64.88 points to close at 98,458.68. This dip came in spite of a significant surge in market volume, indicating a complex day of trading. Market Activity and Volume Surge The day was marked by a robust increase in … Read more
In a landmark case, Robinhood, the well-known investment firm with a growing crypto department, has agreed to pay $3.9 million to settle allegations that it blocked users from withdrawing their cryptocurrency assets between 2018 and 2022. This settlement marks the first public action taken by the California Department of Justice (DOJ) against a cryptocurrency firm. … Read more
As Starlink continues to expand its satellite internet service across Africa, the company has established a variety of pricing structures tailored to different markets. Understanding these costs is essential for consumers and businesses looking to leverage Starlink’s high-speed internet in their respective countries. Below is a detailed breakdown of the hardware and monthly fees associated … Read more
The creator economy refers to the ecosystem of digital platforms, tools, and monetization methods that enable independent creators to generate income from their content, skills, and creativity. This includes bloggers, YouTubers, podcasters, influencers, artists, writers, and more. Key components of the creator economy include: The creator economy has seen explosive growth, driven by increasing internet … Read more
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
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
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
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
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’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