Nairametrics

1 day ago | nairametrics.com | Olumide Adesina

Bitcoin has, multiple times in the last 72 hours, attempted to stay above $108K. Latest price action shows waning buying pressure in the digital asset class despite scaling backing above $100k this week. The pioneer crypto asset was last trading around $107,500. Buyers and sellers have significant stakes at this level. If buyers push further, they might deplete the sellers’ liquidity sitting near $108K, sparking upward momentum.

2 days ago | nairametrics.com | Olumide Adesina

The Naira broke the key resistance line at the black market while the greenback sank to a 3-year low in the global foreign exchange market. The Nigerian currency settled at N1,590/$ during the mid-week trading session at the unofficial market, up from N1,595-N1,600/$ on Tuesday. The local currency strengthened to N1,549/$ in the Nigerian Foreign Exchange Market (NFEM). CBN data Nigeria showed the naira marginally strengthened from N1,550/$ to N1,549/$ at the official market.

3 days ago | nairametrics.com | Olumide Adesina

Cocoa prices settled at $8.796 per ton during the mid-week trading session in the US futures market, as Nigeria increasingly bets on the cash crop upside for the long haul. Ongoing US tariffs have led to an increase in speculative buying for cocoa futures, which in turn boosted the cash crop’s fortune. Nigeria is the sixth-largest cocoa exporter globally. The country produced roughly 280,000 metric tons of cocoa by the end of 2022.

3 days ago | nairametrics.com | Samson Akintaro

PayTV operator, Multichoice Nigeria, has slashed its decoder price by 50% from N20,000 to N10,000 in a strategic move to woo more customers and stem the tide of declining subscribers. The company said it will also be offering its customers a free upgrade to the next DStv package tier when they pay their current subscription in full from June 16 to July 31, 2025.

3 days ago | nairametrics.com | Samson Akintaro

The National Identity Management Commission (NIMC) is set to deploy Youth Corps members to fast-track the enrolment of more Nigerians into the National Identification Number (NIN) database. To this end, the Commission, in partnership with the Ministry of Youth Development and the National Youth Service Corps (NYSC), has commenced the training of selected Corps members.