Olumide Adesina

5 days ago | african-markets.com | Olumide Adesina

The Ghanaian cedi has surged nearly 50 percent against the US dollar in 2025, outperforming all other global currencies. Price action shows the cedi began the year near the ₵15/$ level and now trades close to the ₵10/$ resistance line. Investors are encouraged by the currency’s rapid appreciation as the leading gold producer works to recover from its economic crisis and debt default. The cedi opened Monday at GH₵10.21, up 7% from Friday’s closing price of GH₵10.25/$.

6 days ago | nairametrics.com | Olumide Adesina

The Ghanaian cedi has surged nearly 50 percent against the US dollar in 2025, outperforming all other global currencies. Price action shows the cedi began the year near the ₵15/$ level and now trades close to the ₵10/$ resistance line. Investors are encouraged by the currency’s rapid appreciation as the leading gold producer works to recover from its economic crisis and debt default. The cedi opened Monday at GH₵10.21, up 7% from Friday’s closing price of GH₵10.25/$.

1 week ago | nairametrics.com | Olumide Adesina

Many Nigerian investors still face the persistent challenge popularly known as unclaimed dividends. Over 13 listed companies on Nigeria’s major stock market declared N69 billion in unclaimed dividends for 2024, despite efforts in capital market investor education, technology adoption, and automation. Unclaimed dividends represent lost profits for investors—funds that could have been reinvested or used for other purposes.

1 week ago | nairametrics.com | Olumide Adesina

The bullion asset declined today amid a surge in risk appetite. Gold fell after a federal court ruling on President Donald Trump’s trade tariffs led to a rally in risk-on assets. Gold had already been losing value throughout the week following Trump’s decision to increase tariffs on Europe, which fueled greater risk appetite and reduced demand for safe-haven assets. Additionally, a three-session rebound in the U.S. dollar added pressure on the gold market.

1 week ago | nairametrics.com | Olumide Adesina

The Naira remained stable in the informal market during the mid-trading session, trading at approximately N1,615–N1,618 per U.S. dollar, while simultaneously gaining value against other currencies. The local foreign exchange market is undergoing a historic shift, with daily transactions reaching half a billion dollars—suggesting that investors are beginning to embrace the Central Bank of Nigeria’s (CBN) extensive reforms.