Author: Olu Anisere

Bitcoin (BTC) and Ethereum (ETH) are trading at new lows across the crypto market as the global market capitalisation of all digital assets plunged to $2.4 trillion on Thursday.

Stakeholders across government, private sector and regulatory agencies have underscored the central role of trust

Havertz Sinks Chelsea as Arsenal Reach League Cup Final Arsenal reached the League Cup final after edging Chelsea 1-0 at the Emirates Stadium, completing a 4-2 aggregate victory. Former Chelsea forward, Kai Havertz, struck in injury time, sealing the semi-final second-leg win and sending Arsenal into their first final since 2018. The opening hour was cagey, with both goalkeepers largely untested as the tie remained delicately balanced. Chelsea Coach Liam Rosenior introduced Cole Palmer and Brazilian winger Estevao to inject attacking urgency. Alejandro Garnacho, scorer of Chelsea’s two first-leg goals, later joined the push as the visitors searched for an…

FirstHoldco Drops Sharply after Poor Earnings Performance Non-operating company of First Bank of Nigeria Limited, First Holdco Plc, dropped about 8.8% of its market value as investors trimmed their holdings in post-earnings run-off. The sharp price correction was triggered by signficant year on year decline in profitability performance, reducing bargain hunting in a stock with intrinsic volatility amidst a tough outlook in the banking sector. First Holdco trading data obtained from the Nigerian Exchange showed that the financial services company’s share price declined to N41.05 as 27.6 million units valued at N1.133 billion were transacted on Monday. The huge trading…

Naira Falls to N1,390 Per Dollar as FX Payments Increase The naira fell against the US dollar at the official window on Monday as international transaction payments eclipsed FX liquidity in the currency market. The Central Bank said in its daily FX update that the local currency lost N3.81 per dollar as the Nigerian Foreign Exchange Market (NFEM) opened the month of February on a weak note. FX traders said the decline in value was driven by stronger demand compared to the available supply as the Naira traded within the ₦1,381/$ and ₦1,396/$ band during the session before settling at…

A Lagos-based investment firm, Anchoria Securities Limited, has set 38.2% upside potential for Fidelity Bank Plc as the market anticipates the Nigerian lender’s Q4 earnings release.

Ahead of its earnings release, equity analysts have set higher upside potential for UBA while they guide investors

First Holdco Profit Sinks by 93% after Forbearance Withdrawal First Holdco Plc’s profit plunged 93.36% year-on-year to N44.982 billion in the financial year 2025, from N677.005 billion in 2024, due to weak asset quality. As part of an effort to exit the Central Bank of Nigeria (CBN) forbearance list following regulatory withdrawal, the non-operating company of First Bank of Nigeria booked higher impairment charges on its loans. The charges against the group’s expected credit losses surge by 75% to N748.125 billion in 2025, up from N426.296 billion in the comparable period in 2024 – a singular action that damaged its…

Global equities delivered a mixed performance over the week, with notable divergences across regions as investors reacted to shifting macro signals, geopolitical developments, Anchoria Securities Limited said in its investor update.

Dogecoin (DOGEUSD) has lost 4% in the last 24 hours as extreme fear fuelling the selloffs in the cryptocurrency market.