Olumide Adesina, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Wed, 09 Jul 2025 11:07:21 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Olumide Adesina, Author at Nairametrics 32 32 201037849 Nigerian Crude surges to $72 amid Houthi attack fallout https://nairametrics.com/2025/07/09/nigerian-crude-surges-to-72-amid-houthi-attack-fallout/ https://nairametrics.com/2025/07/09/nigerian-crude-surges-to-72-amid-houthi-attack-fallout/#respond Wed, 09 Jul 2025 11:07:21 +0000 https://nairametrics.com/?p=518781 Nigerian crude prices surged above $70 per barrel, marginally higher than the major oil contracts traded on the global oil market.

The post Nigerian Crude surges to $72 amid Houthi attack fallout appeared first on Nairametrics.

]]> https://nairametrics.com/2025/07/09/nigerian-crude-surges-to-72-amid-houthi-attack-fallout/feed/ 0 518781 Beginners guide to investing in commercial papers in Nigeria https://nairametrics.com/2025/07/08/beginners-guide-to-investing-in-commercial-papers-in-nigeria/ https://nairametrics.com/2025/07/08/beginners-guide-to-investing-in-commercial-papers-in-nigeria/#comments Tue, 08 Jul 2025 11:14:07 +0000 https://nairametrics.com/?p=518691 Commercial papers have become a key method for obtaining short-term funding within Nigeria’s financial system, this article explains how to get into investing in them.

The post Beginners guide to investing in commercial papers in Nigeria appeared first on Nairametrics.

]]> https://nairametrics.com/2025/07/08/beginners-guide-to-investing-in-commercial-papers-in-nigeria/feed/ 2 518691 Naira set to break below N1,500/$ resistance  https://nairametrics.com/2025/07/05/naira-set-to-break-below-n1500-resistance/ https://nairametrics.com/2025/07/05/naira-set-to-break-below-n1500-resistance/#respond Sat, 05 Jul 2025 08:58:49 +0000 https://nairametrics.com/?p=518514 The Nigerian currency is less than N30/$ away from breaking the key resistance level of N1500/$ in Nigeria's official market. 

The post Naira set to break below N1,500/$ resistance  appeared first on Nairametrics.

]]> https://nairametrics.com/2025/07/05/naira-set-to-break-below-n1500-resistance/feed/ 0 518514 Naira stuck at N2,200/£ as British pound faces correction   https://nairametrics.com/2025/07/03/naira-stuck-at-n2200-as-british-pound-faces-correction/ https://nairametrics.com/2025/07/03/naira-stuck-at-n2200-as-british-pound-faces-correction/#respond Thu, 03 Jul 2025 08:24:43 +0000 https://nairametrics.com/?p=518396 The naira remains in a consolidation phase against the British pound in the parallel market at N2,200/£ despite significant moderation in the British Pound at the global foreign exchange market. The Naira was muted against the British pound despite the Sterling’s correction phase amid concerns about the UK economy. The United Kingdom hosts Nigeria’s largest […]

The post Naira stuck at N2,200/£ as British pound faces correction   appeared first on Nairametrics.

]]> https://nairametrics.com/2025/07/03/naira-stuck-at-n2200-as-british-pound-faces-correction/feed/ 0 518396 Naira gains big in official market as dollar sinks globally https://nairametrics.com/2025/07/02/naira-gains-big-in-official-market-as-dollar-sinks-globally/ https://nairametrics.com/2025/07/02/naira-gains-big-in-official-market-as-dollar-sinks-globally/#respond Wed, 02 Jul 2025 07:09:52 +0000 https://nairametrics.com/?p=518312 The Nigerian currency showed some strength in the Nigerian foreign exchange market, while the haven currency dipped to its lowest level since February 2022 in the global currency market.

The post Naira gains big in official market as dollar sinks globally appeared first on Nairametrics.

]]> https://nairametrics.com/2025/07/02/naira-gains-big-in-official-market-as-dollar-sinks-globally/feed/ 0 518312 Nigerian Oil falls below $70 a barrel amid faded supply disruption   https://nairametrics.com/2025/07/01/nigerian-oil-falls-below-70-a-barrel-amid-faded-supply-disruption/ https://nairametrics.com/2025/07/01/nigerian-oil-falls-below-70-a-barrel-amid-faded-supply-disruption/#respond Tue, 01 Jul 2025 08:45:19 +0000 https://nairametrics.com/?p=518239 Nigerian crude prices dipped to a three-week low on Tuesday, falling back to rates seen before the recent Israel-Iran fighting as fading supply fears and talk of an OPEC+ output increase weighed on the market.   

The post Nigerian Oil falls below $70 a barrel amid faded supply disruption   appeared first on Nairametrics.

]]> https://nairametrics.com/2025/07/01/nigerian-oil-falls-below-70-a-barrel-amid-faded-supply-disruption/feed/ 0 518239 How to start investing in Nigerian stocks in 2025: A complete newbie’s guide https://nairametrics.com/2025/06/29/how-to-start-investing-in-nigerian-stocks-in-2025-a-complete-newbies-guide/ https://nairametrics.com/2025/06/29/how-to-start-investing-in-nigerian-stocks-in-2025-a-complete-newbies-guide/#comments Sun, 29 Jun 2025 11:36:47 +0000 https://nairametrics.com/?p=518108 The Nigerian public is increasingly showing interest in the stock market. Improved public perception of Nigeria’s market results from various underlying issues. Investors are up by over N40 trillion under Tinubu’s Administration. Almost all the large equities outperformed the country’s inflation readings in 2024. The all-share index on the NGX (Nigeria’s main stock market) is […]

The post How to start investing in Nigerian stocks in 2025: A complete newbie’s guide appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/29/how-to-start-investing-in-nigerian-stocks-in-2025-a-complete-newbies-guide/feed/ 1 518108 Bitcoin shows buyers’ exhaustion, struggles under $108K https://nairametrics.com/2025/06/27/bitcoin-shows-buyers-exhaustion-struggles-under-108k/ https://nairametrics.com/2025/06/27/bitcoin-shows-buyers-exhaustion-struggles-under-108k/#respond Fri, 27 Jun 2025 06:23:59 +0000 https://nairametrics.com/?p=517945 Bitcoin has, multiple times in the last 72 hours, attempted to stay above $108K.

The post Bitcoin shows buyers’ exhaustion, struggles under $108K appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/27/bitcoin-shows-buyers-exhaustion-struggles-under-108k/feed/ 0 517945 Naira breaks below N1,600/$ as U.S dollar hits 3-year low https://nairametrics.com/2025/06/26/naira-breaks-below-n1600-as-u-s-dollar-hits-3-year-low/ https://nairametrics.com/2025/06/26/naira-breaks-below-n1600-as-u-s-dollar-hits-3-year-low/#respond Thu, 26 Jun 2025 06:35:45 +0000 https://nairametrics.com/?p=517881 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 post Naira breaks below N1,600/$ as U.S dollar hits 3-year low appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/26/naira-breaks-below-n1600-as-u-s-dollar-hits-3-year-low/feed/ 0 517881 Cocoa settles below $9K per ton as Nigeria plans to boost Chocolate Production https://nairametrics.com/2025/06/25/cocoa-settles-below-9k-per-ton-as-nigeria-plans-to-boost-chocolate-production/ https://nairametrics.com/2025/06/25/cocoa-settles-below-9k-per-ton-as-nigeria-plans-to-boost-chocolate-production/#respond Wed, 25 Jun 2025 08:48:10 +0000 https://nairametrics.com/?p=517840 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.

The post Cocoa settles below $9K per ton as Nigeria plans to boost Chocolate Production appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/25/cocoa-settles-below-9k-per-ton-as-nigeria-plans-to-boost-chocolate-production/feed/ 0 517840 Naira hits N1,600/$ as Israel-Iran ceasefire and oil price drop shake Nigerian economy https://nairametrics.com/2025/06/24/naira-hits-n1600-as-israel-iran-ceasefire-and-oil-price-drop-shake-nigerian-economy/ https://nairametrics.com/2025/06/24/naira-hits-n1600-as-israel-iran-ceasefire-and-oil-price-drop-shake-nigerian-economy/#respond Tue, 24 Jun 2025 06:20:43 +0000 https://nairametrics.com/?p=517750 The naira traded around the N1,600/$ mark on Tuesday in the unofficial market and depreciated to N1,550/$ in the Nigerian Foreign Exchange Market (NFEM).

The post Naira hits N1,600/$ as Israel-Iran ceasefire and oil price drop shake Nigerian economy appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/24/naira-hits-n1600-as-israel-iran-ceasefire-and-oil-price-drop-shake-nigerian-economy/feed/ 0 517750 Naira falls N2,200 against British Pound Sterling  https://nairametrics.com/2025/06/21/naira-falls-n2200-against-british-pound-sterling/ https://nairametrics.com/2025/06/21/naira-falls-n2200-against-british-pound-sterling/#respond Sat, 21 Jun 2025 09:07:16 +0000 https://nairametrics.com/?p=517583 Recent price movements indicate that the Nigerian currency has remained in a consolidation phase in the unofficial market, fluctuating between N2,150 and N2,250/£/£ this month due to increased buying pressure on the British pound in Nigeria's commercial capital. 

The post Naira falls N2,200 against British Pound Sterling  appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/21/naira-falls-n2200-against-british-pound-sterling/feed/ 0 517583 Hawkish Fed, Israel–Iran conflict cage Bitcoin https://nairametrics.com/2025/06/19/hawkish-fed-israel-iran-conflict-cage-bitcoin/ https://nairametrics.com/2025/06/19/hawkish-fed-israel-iran-conflict-cage-bitcoin/#respond Thu, 19 Jun 2025 11:46:56 +0000 https://nairametrics.com/?p=517485 Bitcoin consolidated on Thursday, while the wider crypto market remained subdued amid heightened tensions in the Middle East and a hawkish U.S Central Bank.

The post Hawkish Fed, Israel–Iran conflict cage Bitcoin appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/19/hawkish-fed-israel-iran-conflict-cage-bitcoin/feed/ 0 517485 Naira strengthens below N1,600/$ at parallel market as U.S dollar sheds weight   https://nairametrics.com/2025/06/18/naira-strengthens-below-n1600-at-parallel-market-as-u-s-dollar-sheds-weight/ https://nairametrics.com/2025/06/18/naira-strengthens-below-n1600-at-parallel-market-as-u-s-dollar-sheds-weight/#respond Wed, 18 Jun 2025 07:46:58 +0000 https://nairametrics.com/?p=517398 The naira maintained its bullish momentum at the unofficial market as it cracked below the N1600/$ resistance line, while the greenback fell in the global foreign exchange market.

The post Naira strengthens below N1,600/$ at parallel market as U.S dollar sheds weight   appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/18/naira-strengthens-below-n1600-at-parallel-market-as-u-s-dollar-sheds-weight/feed/ 0 517398 Naira, U.S dollar bow to surging British Pound Sterling    https://nairametrics.com/2025/06/17/naira-u-s-dollar-bow-to-surging-british-pound-sterling/ https://nairametrics.com/2025/06/17/naira-u-s-dollar-bow-to-surging-british-pound-sterling/#respond Tue, 17 Jun 2025 08:26:03 +0000 https://nairametrics.com/?p=517325 The Nigerian currency fell to the N2135-N2150 bandwidth against a resurging British pound Sterling, which rose to a new high against the greenback. 

The post Naira, U.S dollar bow to surging British Pound Sterling    appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/17/naira-u-s-dollar-bow-to-surging-british-pound-sterling/feed/ 0 517325 Nigeria Oil at highest levels in 2025, boosted by Israel-Iran Battle       https://nairametrics.com/2025/06/16/nigeria-oil-at-highest-levels-in-2025-boosted-by-israel-iran-battle/ https://nairametrics.com/2025/06/16/nigeria-oil-at-highest-levels-in-2025-boosted-by-israel-iran-battle/#respond Mon, 16 Jun 2025 08:12:41 +0000 https://nairametrics.com/?p=517246 Nigerian crude climbed to its highest level of 2025, closing Friday at $77 a barrel.

The post Nigeria Oil at highest levels in 2025, boosted by Israel-Iran Battle       appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/16/nigeria-oil-at-highest-levels-in-2025-boosted-by-israel-iran-battle/feed/ 0 517246 Crude Oil rallies past the FG Benchmark after Israel’s missile attacks on Iran https://nairametrics.com/2025/06/13/crude-oil-rallies-past-the-fg-benchmark-after-israels-missile-attacks-on-iran/ https://nairametrics.com/2025/06/13/crude-oil-rallies-past-the-fg-benchmark-after-israels-missile-attacks-on-iran/#respond Fri, 13 Jun 2025 05:44:02 +0000 https://nairametrics.com/?p=517121 The black viscous hydrocarbon spiked high on Friday after Israel executed a large preemptive strike on Iran, heightening concerns of a wider conflict in the Middle East and significant disruptions to oil supply routes.

The post Crude Oil rallies past the FG Benchmark after Israel’s missile attacks on Iran appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/13/crude-oil-rallies-past-the-fg-benchmark-after-israels-missile-attacks-on-iran/feed/ 0 517121 Bonny Light nears $70 a barrel, strengthens Naira outlook   https://nairametrics.com/2025/06/12/bonny-light-nears-70-a-barrel-strengthens-naira-outlook/ https://nairametrics.com/2025/06/12/bonny-light-nears-70-a-barrel-strengthens-naira-outlook/#respond Thu, 12 Jun 2025 07:04:46 +0000 https://nairametrics.com/?p=517076 The Nigerian naira fluctuated well below N1600/$ on Thursday in the unofficial market, amid higher oil prices and investor concerns about tightening supplies.

The post Bonny Light nears $70 a barrel, strengthens Naira outlook   appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/12/bonny-light-nears-70-a-barrel-strengthens-naira-outlook/feed/ 0 517076 Falling sugar prices to boost profits for Dangote Sugar, BUA, and Golden Penny https://nairametrics.com/2025/06/11/falling-sugar-prices-to-boost-profits-for-dangote-sugar-bua-and-golden-penny/ https://nairametrics.com/2025/06/11/falling-sugar-prices-to-boost-profits-for-dangote-sugar-bua-and-golden-penny/#respond Wed, 11 Jun 2025 10:33:56 +0000 https://nairametrics.com/?p=517032 Lower sugar prices are enabling some businesses in Nigeria to enhance their profit margins.

The post Falling sugar prices to boost profits for Dangote Sugar, BUA, and Golden Penny appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/11/falling-sugar-prices-to-boost-profits-for-dangote-sugar-bua-and-golden-penny/feed/ 0 517032 Naira holds below N1,600/$ in the holidays https://nairametrics.com/2025/06/10/naira-holds-below-n1600-in-the-holidays/ https://nairametrics.com/2025/06/10/naira-holds-below-n1600-in-the-holidays/#respond Tue, 10 Jun 2025 06:22:55 +0000 https://nairametrics.com/?p=516948 The Nigerian currency traded below the key resistance (N1600/$) against the greenback at the unofficial market.

The post Naira holds below N1,600/$ in the holidays appeared first on Nairametrics.

]]> https://nairametrics.com/2025/06/10/naira-holds-below-n1600-in-the-holidays/feed/ 0 516948