- NEAR Protocol Dips 10% Over Alleged Stolen Patented Technology
- XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30
- Bitcoin Drops to $80.5k on Spot ETFS Outflows, AI Stocks Rout
- Naira Touches N1,395 to US Dollar as FX Order Book Surges
- Nigeria’s Gas Reserves Rise 3% to 215.29 Trillion Cubic Feet
- Oil Prices Edge Higher, Brent Rises 5% Week-on-Week to $115
- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
The Ministry of Marine and Blue Economy says it is implementing a 3-pronged strategy that will increase its revenue generation to N2 trillion per annum by 2027. Marine and Blue Economy Minister, Mr Adegboyega Oyetola, disclosed this at the ministerial press briefing on the administration of President Bola Tinubu sectorial update.
The Oyo State Government on Tuesday, approved N600 million as tractorisation subsidy to support farmers in the state. The state Commissioner for Agriculture and Rural Development, Mr Olasunkanmi Olaleye, said this on Tuesday in Ibadan while briefing newsmen on the outcome of the weekly State Executive Council meeting.
President Bola Tinubu says the three Executive Orders on oil and gas reforms will make Nigeria’s petroleum sector globally competitive.
Operatives of the Ilorin Zonal Command of the Economic and Financial Crimes Commission (EFCC) have arrested seven suspects over alleged in illegal mining in Kwara. Its Spokesman, Dele Oyewale, said this in a statement on Tuesday in Abuja.
Equities investors gain N294 billion from the stock market on Tuesday due to sustained interest in medium and large companies. As a result, market capitalisation, which began at N55.359 trillion, increased by N294 billion to close at N55.653 trillion.
Nigeria’s SEC Registers Three Crowdfunding Platforms
The total transactions by foreign investors on the Nigerian Exchange Ltd. (NGX) increased by 28.19 per cent between March and April. The NGX revealed this in its Domestic and Foreign Portfolio Investment Report, made available to the newsmen in Lagos.
The naira rate appreciated strongly on Tuesday, gained 12.35% day-on-day to N1,173.88 per United States (US) dollar in the Nigerian autonomous foreign exchange market.
Dangote Cement Plc has revealed that arrangements are in top gear for thousands of the company’s delivery trucks to henceforth run on Compressed Natural Gas (CNG) in line with the Federal Government’s agenda on the adoption of alternative fuel for official vehicles.
Apex Asset Limited sees heavy returns on banking names, noting that Nigerian banks are trading at close to their support prices. Based on this expectations, analysts/stockbrokers at the firm are expecting Nigerian banks to rally.