Articles

  • 1 week ago | nairametrics.com | Olumide Adesina

    The naira oscillated near its 2025 lows amid renewed appetite for the greenback, while the U.S. dollar index posted upside this weekUnofficial market data showed the Nigerian currency fluctuated at the N1625/30/$ band on Friday. It closed at N1608/$1 on the official market compared to N1612/$1 a day earlier signaling a major bearish period for the exchange rate.

  • 1 week ago | nairametrics.com | Olumide Adesina

    Gold maintained its shine while Bitcoin hovered around $100,000 as investors braced for the Federal Reserve’s policy announcement amid heightened geopolitical risks. The U.S. Federal Open Market Committee is expected to maintain its interest rate between 4.25% and 4.50%, consistent with its previous two-day policy decision, during the meeting concluding on Wednesday.

  • 1 week ago | nairametrics.com | Olumide Adesina

    The naira remained stable at N1610–N1615 on the unofficial market as oil prices recovered above $61 per barrel, while the dollar index stayed stable in the global currency market. Oil prices rebounded by over 1% on Tuesday, driven by technical corrections and dip buying, although concerns about a potential market surplus persisted.

  • 1 week ago | nairametrics.com | Olumide Adesina

    Nigerian crude fell below the Federal Government’s benchmark, selling for $65 per barrel, as OPEC increased production despite heightened geopolitical uncertainty. Nigerian cargoes loaded on May 10 remain unsold, reflecting a lack of enthusiasm from buyers and sellers regarding the recent price trends in West African crude. Flat differentials are driven by a backwardated market structure and elevated freight costs.

  • 2 weeks ago | nairametrics.com | Olumide Adesina

    Several Nigerian-listed companies have announced their 2024 full-year results and final dividends. The Nigerian stock market shows that investors are more attracted to dividend-paying stocks than to those that do not offer dividends. With over N185 billion in dividend payments over the last four years, UBA has demonstrated its ability to consistently reward investors and commands the highest dividend yield in the banking sector.

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Olumide Adesina
Olumide Adesina @olumidecapital
14 May 25

I spoke against the high level of economic disunity, almost everything is now read with tribal sentiment

Olumide Adesina
Olumide Adesina @olumidecapital
14 May 25

China built China's infrastructure. China is building most of 🇳🇬 infrastructure. Human capital is the difference

Olumide Adesina
Olumide Adesina @olumidecapital
14 May 25

Nvidia's market valuation clocks $3 trillion again. 🇺🇸 tech market is on a bullish run