Browsing: Investors

The price of Bitcoin shed 3% over the past 24 hours, now trading below $34,400 from about $36,000, its highest level since May 2022.  It has since rallied 70% to $34,300.  Due to improved sentiment, the most expensive crypto asset has rallied some 30% in weeks.

Prices of crude oil increased as the US dollar weakened after the Fed’s decision to keep rates. Brent crude is up 0.6% at $87.34 a barrel while West Texas Intermediate is 0.7% higher at $83.07 a barrel.

The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) in connection with alleged mismanagement of the US$321 million and N18.2 billion loans.

The Nigerian Exchange (NGX) shed more than N296 billion on Thursday due to a negative shift in market sentiment.

Mr Fife Banks, an entrepreneur has urged Nigerian investors to leverage the opportunities that the United States provides through its Employment Based (EB) platform.

Amidst Nigeria’s foreign exchange crisis, the apex bank said it has started to clear outstanding foreign currency forwards owed to deposit money banks.

Vice President Kashim Shettima has sought the assistance of the United States Government on President Bola Tinubu’s administration’s food security agenda.

The benchmark yield on Nigerian Treasury Bills has expanded further amidst selloffs pressures in the secondary market. At the close of the trading session on Wednesday, the yield shifted upward by 20 basis points to 11.1% as investors’ risk appetite continued to shift.

Oil prices climbed as the US Federal Reserve maintained the status quo on funds rates, while the dollar index strengthened against a basket of currency.

In just two days’ rallies, Airtel Africa Plc’s share jumped by about 21% to N6.4 trillion, according to data from the Nigerian Exchange. Investors took positions in the stock despite a weak earnings performance spooked by higher net finance costs.