Month: November 2021
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Blogging
Gold records high sell-offs, loses $50 an ounce
In the aftermath of the rising dollar, gold prices fell over 2.5% since yesterday as multiple markets were affected. Gold…
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General
Naira sustains gain at official market as forex supply dips further
Friday, 19th November 2021: The exchange rate between the naira and the US dollar closed at N414.4/$1, at the Investors and…
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Blogging
Avalanche flips Dogecoin for top 10 spot
Avalanche’s native token, AVAX is now valued among the top 10 cryptocurrencies by market capitalization as the token soared to…
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Energy
NMDPRA seals 65 gas plants in Lagos for various infractions
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says a total number of 65 Liquefied Petroleum Gas (LPG) plants…
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Spotlight
Nestle, NB and Unilever drag Consumer Goods Index down 1.46% week-on-week
The Consumer Goods Index, which tracks the daily and weekly performance of quoted FMCG companies, depreciated week-on-week by 1.46%, from…
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Spotlight
Stocks worth over one trillion appreciate by 0.86% as Airtel investors gain N162.73 billion during the week
The combined market capitalization of the stocks worth over one trillion (SWOOT) appreciated by 0.86% to close at N15.70 trillion…
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Blogging
El Salvador unveils Bitcoin City
The President of El Salvador, President Nayib Bukele, in a Saturday night presentation at Bitcoin Week, revealed that the nation…
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Blogging
XRP suffers biggest daily drop in 3 weeks, trading at $1
The seventh most valuable crypto suffered record selling pressure and profit taking that had not been seen in the overall…
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Blogging
With $1.3 billion staked, Acala wins the first Polkadot parachain auction
The first-ever Polkadot ecosystem parachain slot auction was concluded with Acala, a decentralized finance (DeFi) protocol operating on the Polkadot…
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Court Cases
Abacha loot monitoring: Court dismisses suit by consultants challenging their disqualification
Justice I.E Ekwo of an Abuja Division of the Federal High court has on Friday dismissed a suit by PPP…
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Currencies
Nigerian companies generate N1.3 trillion in free cash flows in 9 months
The major listed companies operating in Nigeria reported a cumulative cash flow of N1.307 trillion in the first 9 months…
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