Fakoyejo Olalekan

IMF Warns Cryptocurrency Risk Might Affect Stock Market Investors

International Monetary Fund (IMF) said retail and institutional investors in the equity markets are at risk as cryptocurrency volatility is spilling over into the stock exchange, and it has started in Asia. IMF, in a blog post authored by its Managing Editor,

August 23, 2022

Business·Markets

Nigerian Stock Market Capitalisation Falls To N26.61 trillion

Nigerian market capitalisation closed at N26.61 trillion, after the bourse depreciated by -0.05 percent on Monday, losing N13.99 billion from the previous day’s N26.62 trillion. The crash was on the back of the All-Share Index losing 25.95 basis points from Friday’s 49,370.62

August 22, 2022

Business

Forex Scarcity: Foreign Investors Shun Nigerian Companies

Forex scarcity is forcing foreign investors to reduce their level of transactions in the Nigerian stock market by -37.24% between January to July, falling behind the value of trades conducted by their domestic counterparts, which rose by 1.70% year-on-year. According to a

August 22, 2022

IMF Asks Nigeria, Others To Charge VAT, Capital Gains Tax On Crypto Assets

Business·News

Cryptocurrency Hackers Raise Theft By 58.33%

Cryptocurrency hackers have stolen $1.9 billion worth of cryptocurrency between January and July 2022, indicating stakeholders in the digital asset market have been unable to reduce the risk associated with crypto trading. The value of cryptocurrency stolen is 58.33% higher than the

August 22, 2022

Business

Nigerian Gov’t Grants Mafab Communications 5-month Extension To Roll Out 5G Network

The Nigerian Communications Commission (NCC) has extended Mafab Communications’ 5G rollout timeframe, as the company announces it will miss the August 2022 deadline. Recall that the NCC had given MTN Nigeria and Mafab Communications nine months to rollout their 5G network after

August 22, 2022

Business·Insights·News

Nigerians Drink Beer Worth N599.11 billion In 6 Months

Nigerians drink beer worth N599.11 billion in six months running from January t0 June 2022, according to the first quarter results of four major brewers in the country. Champion Brew ended the First Half (H1) 2022 as the best performing company in

August 22, 2022

Business

Stock Roundup: Prestige Lead Gainers, Japaul Gold Top Losers, As Investment Falls To N12.22bn

Investors exchanged 823.005 million shares in 17,482 deals, worth N12.228 billion this week, in contrast to the N13.547 billion they parted with last week to trade 1.511 billion shares in 20,074 deals. Top three sectors By measure of volume, the Financial Services

August 20, 2022

Atiku Urges NASS To Investigate Alleged Secret Petrol Subsidy Payment

Business

Atiku Abubakar Reveals Solution To Nigeria’s Electricity Problem After Workers Strike

Following the nationwide blackout on Wednesday due to electricity workers’ strike, Presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, said he has a plan to prevent reoccurrence. Prime Business Africa had reported that electricity workers under the umbrella of National

August 19, 2022

FG's Deficit Continues To Widen As DMO Oversells October Bond Auction

Africa

Niger Republic Denies Receiving N1.14 billion Vehicles From Nigerian Government

Niger Republic’s Minister of Defence, Alkassoum Indatou, said his country didn’t receive 10 vehicles from the Nigerian government as claimed by the Minister of Finance, Budget and National Planning, Zainab Ahmed. Ahmed had stated that President Muhammadu Buhari donated the vehicles worth

August 19, 2022

World News

Microsoft Engineer Reveals Janet Jackson’s Song Can Crash Computer, Laptop

A song Janet Jackson recorded in 1989, ‘Rhythm Nation’ has been flagged as harmful to computers and some laptops. The hit track is said to contain a frequency that is dangerous to system. This was revealed by Microsoft principal software engineer, Raymond

August 19, 2022

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Fakoyejo Olalekan

IMF Warns Cryptocurrency Risk Might Affect Stock Market Investors

Nigerian Stock Market Capitalisation Falls To N26.61 trillion

Forex Scarcity: Foreign Investors Shun Nigerian Companies

Cryptocurrency Hackers Raise Theft By 58.33%

Nigerian Gov’t Grants Mafab Communications 5-month Extension To Roll Out 5G Network

Nigerians Drink Beer Worth N599.11 billion In 6 Months

Stock Roundup: Prestige Lead Gainers, Japaul Gold Top Losers, As Investment Falls To N12.22bn

Atiku Abubakar Reveals Solution To Nigeria’s Electricity Problem After Workers Strike

Niger Republic Denies Receiving N1.14 billion Vehicles From Nigerian Government

Microsoft Engineer Reveals Janet Jackson’s Song Can Crash Computer, Laptop

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