Exchange rate risk is the risk any investor takes on when investing in an asset that is priced in a currency other than their domestic one. The risk is that the exchange rate moves against them, eithe...
Zenith bank on March 3 2023 gets Central Bank's approval in principle to operate their holding company (in formation) known as Zenith Holdco Plc. The Apex bank informed the Nigerian Exchange Grou...
Aliko Dangote, the wealthiest Black billionaire globally and the founder of Dangote Group, has played a vital role in shaping Africa's business landscape and elevating Nigeria to become one of the mos...
For the first time since 2011, Gold price jumps over $1,800 an ounce. Analysts also expect more gains as investors begin to stock up on the asset and hold its value while the coronavirus continues to ...
U.S. gaming company Roblox announced on Monday that it filed with the Securities and Exchange Commissions, but confidentially.Roblox is yet to disclose how many shares will be offered, and any other r...
At the end of Tuesday's trading session on the Nigerian Exchange Group, a total of 218.5 million shares were transacted in 3,630 deals, corresponding to a market value of N1.590 billion. When compared...
NGX Group Compensation for 3 Directors comes to N754 million For the year ended December 2021, the Nigerian Exchange Group (NGX), which operates the Nigerian Stock Exchange, paid its three execu...
On Tuesday 5th April 2022, the exchange rate between the naira and the US dollar closed at N416.83/$1 at the official Investors and Exporters (I&E) window. Naira diminished in value against...
After a jaw-dropping rise in the Russian rubles, the Russian Central Bank (RCB) slammed the brakes last week with an unannounced interest rate cut, leading the ruble to fall. Russian assets nose...
The Cocoa Market HistoryThe history of the cocoa market is interesting. Evidence of the trade of cocoa beans, which are used to make chocolate, dates back to the pre-Columbian Maya and Aztec civilizat...