Naira Bulls Keep things Hot for FX Speculators

eTranzact Grows Profit by 87% in 2023: eTranzact Plc annual profit crossed N2.2 billion in 2023, a steep increase of 88% from N1.174 billion posted in year 2022, the company said in its audited financial statement submitted to the Nigerian Exchange…Read more

FG Unveils App for Citizens’ Tracking of Government Deliverables, Performances: The Federal Government has unveiled the upgraded Citizens’ Delivery Tracker App, which will enable all citizens to view the deliverables and key performance indicators for all ministries and give their assessment…Read more

Fintech Startup Thepeer Shut Down after $2.1m Seed Round: Nigerian fintech startup Thepeer, which provided Application Programming Interface (APIs) allowing customers to embed financial products into their platforms, has closed down after failing to scale post-funding…Read more

Fintech Funding Declines by 16% in Three Months: Due to shifting investors’ sentiment, global funding in the fintech sector has fallen to its lowest level since 2017, according to newly published research…Read more

Naira Bulls Keep things Hot for FX Speculators: Amidst rapt of estimates showing that the naira is overwhelming underpriced, the sustained recovery of the local currency has kept things hot for US dollar…Read more

FMN Plc to Close N48bn Commercial Paper Offer Tuesday: Flour Mills of Nigeria (FMN) Plc will close its N48 billion Series 7 & 8 Commercial Papers sales on 9 April 2024, Comercio Partners Capital Limited told investors via an email…Read more

US Dollar Mixed Ahead of Federal Open Market Committee Minutes: The US dollar mixed against its major trading partners early Monday, up versus the euro and yen, down versus the pound and Canadian dollar, as markets turned their focus to this week’s inflation data and the minutes of the March 19-20 Federal Open Market Committee meeting…Read more

Forex Pips:? Euro, Swiss Franc, Sterling vs US Dollar: US dollar stayed strong against trading peers in the forex market as traders set new pips target following the release of consumer inflation and employment record…Read more

Bitcoin Hits $72,000 as Demand for Crypto Grows: The market price of Bitcoin, the most expensive and largest digital assets, crossed $72,000 briefly on Monday before it retraces. As such, the global crypto market cap inched higher to? $2.67 trillion, a 2.88% increase over the last day…Read more