Nairametrics

1 week ago | nairametrics.com | Olumide Adesina

The Nigerian currency showed weakness during midweek trading at the unofficial market, despite improved fundamentals in the country’s official market. The Nigerian naira faced increased pressure in the black market, trading at N1,620 to $1, compared to N1,605 to $1 the previous day. Market activity indicates that the Nigerian spot value appears stronger than traders had projected in the forward market, despite improvements in market liquidity and a weaker U.S. dollar index globally.

1 week ago | nairametrics.com | Idika Aja

Access Holdings Plc has released its 2024 full-year audited accounts, reporting a pre-tax profit of N867.019 billion, up from N729.001 billion a year earlier. The bank holding company also reported a surge in gross earnings, rising to N4.878 trillion from N2.594 trillion reported a year earlier. Profit after tax stood at N642.22 billion, representing a 3.7% increase from the N619.32 billion posted a year earlier.

1 week ago | nairametrics.com | Olumide Adesina

Nigerian crude concluded Tuesday’s trading session positively amid significant uncertainty stemming from U.S. economic policies. The average price of Nigerian major oil blends on Tuesday was $68 per barrel, approximately $4 higher than the benchmark Brent Crude. Brent crude opened the mid-week trading session at about $64 a barrel.

1 week ago | nairametrics.com | Idika Aja

Access Holdings Plc has released its 2024 full-year audited accounts, reporting a pre-tax profit of N867.019 billion, up from N729.001 billion a year earlier. The bank holding company also reported a surge in gross earnings, rising to N4.878 trillion from N2.594 trillion reported a year earlier. Profit after tax stood at N642.22 billion, representing a 3.7% increase from the N619.32 billion posted a year earlier.

1 week ago | nairametrics.com | Samson Akintaro

The Securities and Exchange Commission (SEC) has explained reasons for the delay in issuing more provisional licences for crypto exchanges after licensing Quidax and Busha in August last year, saying it has to carry out more due diligence. The Director General of the SEC, Emomotimi Agama, stated this while speaking during a virtual engagement with fintech stakeholders on the Investment and Securities Act (ISA 2025) on Monday.