A market analyst has revealed when Dogecoin will surge to the $10 price following a series of carefully studied technical indicators.The cryptocurrency market has been in a correctional phase.Major assets like Bitcoin, Solana, and Dogecoin have corrected substantially in the past week.For context, Dogecoin retested a six-week low of $0.26216 on Dec. 20. Although the asset has rebounded from the area, the meme coin still faces intense selling pressure.However, notable analyst Dima James Potts has insisted that Dogecoin rebound strongly and surge to a cyclical high of at least $10. Furthermore, the analyst provided a timeline for the price attainment.Dogecoin…
Author: Oladi Samuel
Read More
MTN Nigeria has officially notified the Nigerian Exchange and the public of its intent to issue Series 15 and 16 Commercial Papers, targeting N50 billion.This follows the successful issuance of its Series 13 and 14 Commercial Papers on November 29, which raised N72.18 billion—144% above the N50 billion target.In light of this success, MTN Nigeria is advancing its N250 billion Commercial Paper Issuance Programme by introducing the new Series 15 and 16 papers, inviting Nigerian investors to participate.The company stated, “MTN Nigeria Communications PLC (‘MTN Nigeria’ or the ‘Company’) hereby notifies Nigerian Exchange Limited and the investing public of its…
Governor Seyi Mankinde of Oyo State, on Monday, signed the state’s 2025 Appropriation Bill into Law.The budget tagged “Budget of Stabilisation”, has a total expenditure of N684,149,398,399.06 with a capital expenditure of N344,957,004,872.20 and a recurrent expenditure of recurrent expenditure of N339,192,393,526.86.In a post on his X page on Monday, the governor thanked the state House of Assembly “for the speedy passage of the budget”.“Our goal is to work towards at least 80% implementation,” he added.Approved budget N6 billion higher than proposed budget Nairametrics observed that the approved budget is about N6 billion higher than the N678 billion in the proposal…
The World Bank has reviewed the target for Nigeria under the Digital Identity for Development (ID4D) increasing the number of Nigerians to be issued the National Identification Number (NIN) from 148 million to 180 million.According to the latest document on the project’s restructuring released by the Bank, while Nigeria missed the initial target of 148 million NIN by June 2024, it has made significant progress that warrants the extension of the project and expansion to cover more Nigerians.As of October this year, the Director-General of the National Identity Management Commission (NIMC), Engr. Abisoye Coker-Odusote said the Commission had issued NIN…
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emotimi Agama, has hinted that some crypto companies, that have applied to be registered by the Commission may not meet the requirements to get its approval.Agama stated this at a meeting with applicants under its Regulatory Incubation (RI) and Accelerated Regulatory Incubation Programme (ARIP) its two regulatory windows for crypto players in Nigeria.Nairametrics recalls that two crypto exchanges, Quidax and Busha were recently granted an approval-in-principle by the SEC to operate as legally recognised exchanges in Nigeria under its ARIP program.At the time, the Commission also noted that there were…
President Bola Ahmed Tinubu has reaffirmed his administration’s stance on the removal of fuel subsidies, describing the decision as a necessary and forward-looking policy to safeguard Nigeria’s economic future.Speaking during his first presidential media chat on Monday night, Tinubu maintained that he has no regrets about taking the bold step, despite the controversies and challenges it has generated.“I have no regret removing the subsidy. Not just for us but for our children. Where is the inheritance?” Tinubu stated, emphasizing the long-term benefits of the policy over immediate relief.The president argued that the subsidy system had become an unsustainable drain on…
Funke Akindele’s latest blockbuster, Everybody Loves Jenifa, is dominating the Nigerian box office, earning a staggering N511 million just 12 days after its release.The film, which premiered on December 13, 2024, has captivated audiences, selling over 71,700 tickets within its first week and quickly becoming the fastest Nollywood movie to cross the N500 million mark.According to box office data, Everybody Loves Jenifa grossed an impressive N355.1 million in its first seven days, generating over N72 million in ticket sales on December 16 and 17 alone.Its weekend earnings further cemented its position as the highest-grossing Nollywood film of the season, as…
Planet A Foods, a German-based food-tech company, has successfully raised $30 million in Series B funding to enhance the production of Chivova, a groundbreaking alternative to traditional chocolate.This announcement comes amid rising chocolate prices in the commodities market, likely driven by supply struggles in major cocoa-producing countries like Ivory Coast and Ghana.In 2024, adverse weather conditions heightened market volatility, causing global cocoa prices to spike 180%, with the futures rising from $4,209 in January to $11,800 by mid-December.In response to these challenges, Planet A is introducing Chivova, an organic cocoa-free chocolate substitute made from a blend of sunflower seeds and…
The Federal Inland Revenue Service (FIRS) has officially commenced its recruitment exercise, seeking experienced professionals to fill specialized roles and bolster its workforce.This was announced on Monday, as part of FIRS’s ongoing efforts to consolidate its operations and enhance its service delivery.The advertised positions include assistant manager and deputy manager roles in key areas such as tax (investigation), PRS (research), public relations, and ICT (cybersecurity and AI management).Additionally, the agency is recruiting for assistant manager and deputy manager roles in PRS (risk management) and legal, as well as senior manager and assistant director positions in tax (audit).Eligibility Criteria FIRS emphasized the…
FCMB Group Plc has secured shareholder approval for a 340 billion naira capital raise. The approval, granted during an extraordinary general meeting held in Lagos and virtually, is crucial for its banking subsidiary, First City Monument Bank Limited, to comply with the Central Bank of Nigeria’s international license requirements. The approved measures include increasing the authorized additional capital raise from N150 billion to N340 billion, which empowers the Group to explore a diverse mix of financial instruments, such as ordinary and preference shares, convertible and non-convertible securities, bonds, and loans. Shareholders also endorsed the divestment of stakes in one or more subsidiaries,…