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TNC Daily Open: Deepseek Who? Big Tech Is Already Raking In Billions

Nigeria, Jan. 31 -- Markets Soar Amid Volatile Trading Major U.S. indexes increased on Thursday in a tumultuous session that saw stocks plummet in the last hour of trade before regaining significant l... Read More


FCMB Group Records N117.2bn Pre-Tax Profit, Up 53.9% In 2024

Nigeria, Jan. 31 -- FCMB Group Plc recorded a pre-tax profit of N117.2 billion for the fiscal year ending December 31, 2024, in a financial report published on the Nigerian Exchange (NGX) on January 3... Read More


U.S. Trade Tariff Threat Boosts Bitcoin And Gold Appeal

Nigeria, Jan. 31 -- To deter BRICS nations from abandoning the U.S. dollar as their reserve currency, Trump said on his Truth social media platform, "We are going to require a commitment from these se... Read More


Nigeria's Huge Interest Rate Differential Is Causing A 30% Decline In GDP

Nigeria, Jan. 31 -- Experts warn that the high interest rate spread in Nigerian banks might hurt the nation's economy by 20 to 30 percent, making things worse for people and companies whose purchasing... Read More


Tesla Gains $600m In Bitcoin Profits After Digital Asset Rule Change

Nigeria, Jan. 30 -- Tesla's reported net income for the fourth quarter increased significantly due to its Bitcoin holdings, which resulted from a recent rule change that affects how businesses account... Read More


CBN report: 83.5% of households, 80.6% of businesses see inflation as high

Nigeria, Jan. 30 -- The vast majority of Nigerian firms and families think that the inflation rate is high right now. The Central Bank of Nigeria's (CBN) December 2024 Inflation Expectations Report s... Read More


CBN Finalizing $2.4bn FX Backlog Verification, Payments Set To Start Soon

Nigeria, Jan. 30 -- The verification procedure for the remaining $2.4 billion foreign exchange (FX) backlog is being completed, according to the Central Bank of Nigeria (CBN). Payments for legitimate ... Read More


TNC Daily Open: European stocks rise as ECB rate cut looms; Deutsche Bank profits drop

Nigeria, Jan. 30 -- European Stocks Rise Ahead Of Expected ECB Rate Cut European markets were expected to increase on Thursday as investors awaited crucial results, economic data, and the European Cen... Read More


Cadbury Nigeria Reports N2bn Q4 Profit, Cuts Annual Loss By 47%

Nigeria, Jan. 29 -- Cadbury Nigeria PLC's most recent financial statement, posted on the Nigerian Exchange (NGX) on January 27, 2025, showed a pre-tax profit of N2 billion for the fourth quarter of 20... Read More


FG's 10-Year Bond Surges With A 22.6% Yield

Nigeria, Jan. 29 -- A new 10-year tenured bond was issued by the Debt Management Office (DMO) with the highest yield and coupon rate ever recorded for FGN bonds, 22.60%. On Monday, January 27, the 10... Read More