Exchange – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Wed, 23 Jul 2025 15:01:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Exchange – InfoStride News https://www.theinfostride.com 32 32 Stock market rally continues as Nigerian equities gain ₦396 billion in value https://www.theinfostride.com/stock-market-rally-continues-as-nigerian-equities-gain-%e2%82%a6396-billion-in-value/ https://www.theinfostride.com/stock-market-rally-continues-as-nigerian-equities-gain-%e2%82%a6396-billion-in-value/#respond Wed, 23 Jul 2025 15:01:13 +0000 https://www.theinfostride.com/?p=462777 A spirited rally on the Nigerian Stock Exchange gathered momentum this week, with investors pouring fresh capital into equities and propelling the market’s total value upward by approximately ₦396 billion. The robust surge reflects growing confidence among market participants, fueled by positive corporate earnings, macroeconomic signals, and strategic portfolio repositioning ahead of earnings season. The [...]

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]]> https://www.theinfostride.com/stock-market-rally-continues-as-nigerian-equities-gain-%e2%82%a6396-billion-in-value/feed/ 0 Naira strengthens marginally to ₦1,550 per dollar in parallel forex market https://www.theinfostride.com/naira-strengthens-marginally-to-%e2%82%a61550-per-dollar-in-parallel-forex-market/ https://www.theinfostride.com/naira-strengthens-marginally-to-%e2%82%a61550-per-dollar-in-parallel-forex-market/#respond Sat, 12 Jul 2025 11:51:03 +0000 https://www.theinfostride.com/?p=461739 The Nigerian naira experienced a modest appreciation in the parallel foreign exchange (FX) market, rising to ₦1,550 per United States dollar, up from the previous rate of around ₦1,570. This slight gain, though limited, has sparked cautious optimism among currency traders and financial analysts who have closely monitored the currency’s performance amidst lingering economic headwinds [...]

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]]> https://www.theinfostride.com/naira-strengthens-marginally-to-%e2%82%a61550-per-dollar-in-parallel-forex-market/feed/ 0 Exchange rate for Customs cargo clearance drops to N1260/$ https://www.theinfostride.com/exchange-rate-for-customs-cargo-clearance-drops-to-n1260/ https://www.theinfostride.com/exchange-rate-for-customs-cargo-clearance-drops-to-n1260/#respond Mon, 08 Apr 2024 12:14:37 +0000 https://www.theinfostride.com/?p=375123 The foreign exchange rate for the Nigeria Customs Services’ (NCS) cargo clearance in ports and other goods entry points has dropped to N1260.49/$ from N1330/$ in the past few days. This represents a decline of around N70 for cargo clearance. The new rate reflects the closing rate on the official NAFEM window yesterday where the [...]

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]]> https://www.theinfostride.com/exchange-rate-for-customs-cargo-clearance-drops-to-n1260/feed/ 0 Nigeria Customs Implements 22.8% Exchange Rate Surge, Sets Cargo Clearance at N952/$ https://www.theinfostride.com/nigeria-customs-implements-22-8-exchange-rate-surge-sets-cargo-clearance-at-n952/ https://www.theinfostride.com/nigeria-customs-implements-22-8-exchange-rate-surge-sets-cargo-clearance-at-n952/#respond Mon, 11 Dec 2023 08:52:22 +0000 https://www.theinfostride.com/?p=363860 In a recent development, the Nigeria Customs Service (NCS) has implemented a significant adjustment in the exchange rate for cargo clearance, escalating from N783/$ to N952/$, denoting a noteworthy 22.8% increase. A thorough examination on the federal government’s single-window trade portal of the customs service, as scrutinized by Infostride News, reveals the modification of the [...]

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]]> https://www.theinfostride.com/nigeria-customs-implements-22-8-exchange-rate-surge-sets-cargo-clearance-at-n952/feed/ 0 Parallel Market Offers Unique Exchange Rate of N1100 https://www.theinfostride.com/parallel-market-offers-unique-exchange-rate-of-n1100/ https://www.theinfostride.com/parallel-market-offers-unique-exchange-rate-of-n1100/#respond Wed, 18 Oct 2023 23:05:43 +0000 https://www.theinfostride.com/?p=357544 The exchange rate between the Nigerian Naira and the US Dollar experienced a significant decline, reaching as low as N1,100 on the black market, as reported by select forex traders specializing in inflow transactions. Infostride News obtained quotes from these traders, confirming that exchange rates were hovering between N1,100 to N1,110 for inflow transactions. Inflows [...]

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]]> https://www.theinfostride.com/parallel-market-offers-unique-exchange-rate-of-n1100/feed/ 0 Exchange rate between naira and dollar trades at N706/$ at the black market on 12th September 2022 https://www.theinfostride.com/exchange-rate-between-naira-and-dollar-trades-at-n706-at-the-black-market-on-12th-september-2022/ https://www.theinfostride.com/exchange-rate-between-naira-and-dollar-trades-at-n706-at-the-black-market-on-12th-september-2022/#respond Mon, 12 Sep 2022 13:39:48 +0000 https://www.theinfostride.com/?p=332300 The exchange rate between the naira and the US dollar stood at N706/$1 on Monday, 12th September 2022 morning, a 0.28% appreciation compared to N708/$1 recorded on Friday, last week. This is according to information obtained from black market operators. The local currency declined marginally against the US dollar to close at N436.33/$1 at the [...]

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]]> https://www.theinfostride.com/exchange-rate-between-naira-and-dollar-trades-at-n706-at-the-black-market-on-12th-september-2022/feed/ 0 SEC sets deadline for crowdfunding platforms registration https://www.theinfostride.com/sec-sets-deadline-for-crowdfunding-platforms-registration/ https://www.theinfostride.com/sec-sets-deadline-for-crowdfunding-platforms-registration/#respond Fri, 04 Jun 2021 15:41:41 +0000 https://www.theinfostride.com/?p=295935 The Securities and Exchange Commission has directed all existing investment crowdfunding portals/digital commodities investment platforms to note the requirements and eligibility criteria for raising funds through and/or operating a Crowdfunding Portal and comply with the registration requirements or cease operations by the 30th of June, 2021. This was contained in a notice released by the [...]

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]]> https://www.theinfostride.com/sec-sets-deadline-for-crowdfunding-platforms-registration/feed/ 0 I Do Not Demand Sex In Exchange For A Movie Role – Yomi Fabiyi https://www.theinfostride.com/i-do-not-demand-sex-in-exchange-for-a-movie-role-yomi-fabiyi/ Fri, 23 Aug 2019 17:14:50 +0000 https://www.theinfostride.com/?p=236896 Just one day after announcing that he purchased a new car from profits made from sales of his new movie, Yomi Fabiyi has now denied demanding for sex in exchange for a movie role. Months back, Eunice Omoshalewa Eniola, an upcoming Nollywood actress said that the actor and filmmaker demanded sex from her in exchange [...]

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]]> I Was Wrong To Exchange Words With The Pundit – Franck Ribery https://www.theinfostride.com/i-was-wrong-to-exchange-words-with-the-pundit-franck-ribery/ Sat, 17 Nov 2018 00:55:42 +0000 https://www.theinfostride.com/?p=221155 Franck Ribery has apologised to a TV pundit after an altercation between the pair following Saturday’s 3-2 defeat at Borussia Dortmund. Bayern did not comment on a possible punishment for Ribery, while the German FA has said it will not open proceedings against him because the incident was “a private altercation between the player and [...]

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]]> I Await The Result Of The Rape Scandal – Ronaldo https://www.theinfostride.com/i-await-the-result-of-the-rape-scandal-ronaldo/ Sat, 06 Oct 2018 02:34:09 +0000 https://www.theinfostride.com/?p=217897 Cristiano Ronaldo again denied allegations that he raped a woman in a Las Vegas hotel room in 2009, writing on Twitter on Wednesday that it is an “abominable crime” and that the claim is being made “by people seeking to promote themselves at my expense.” According to a civil lawsuit filed in state court in [...]

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]]> Jay-Z Visits SEC Office https://www.theinfostride.com/jay-z-visits-sec-office/ Wed, 23 May 2018 19:36:14 +0000 https://www.theinfostride.com/?p=207162 Jay-Z has spent a long afternoon at the New York offices of the Securities and Exchange Commission. The rapper and entrepreneur was scheduled to spend much of the day Tuesday answering questions from SEC investigators as part of their probe of the Iconix Brand Group. The company bought assets of Jay-Z’s Rocawear apparel brand in [...]

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]]> Jay-Z Spends Hours In Offices Of Securities And Exchange Commission https://www.theinfostride.com/jay-z-spends-hours-in-offices-of-securities-and-exchange-commission/ Sat, 19 May 2018 01:09:24 +0000 https://www.theinfostride.com/?p=206949 Jay-Z has spent a long afternoon at the New York offices of the Securities and Exchange Commission. The rapper and entrepreneur was scheduled to spend much of the day Tuesday answering questions from SEC investigators as part of their probe of the Iconix Brand Group. The company bought assets of Jay-Z’s Rocawear apparel brand in [...]

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]]> CBN Will Continue To Intervene In The Interbank Foreign Exchange Market – Isaac Okorafor https://www.theinfostride.com/cbn-will-continue-to-intervene-in-the-interbank-foreign-exchange-market-isaac-okorafor/ Thu, 18 Jan 2018 18:59:46 +0000 https://www.theinfostride.com/?p=196673 The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments. Mr Isaac Okorafor on Monday in Abuja said that 100 million dollars was offered to authorised dealers in the wholesale segment of the market. He said that the Small and [...]

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]]> Toyin Aimakhu And Adesua Etomi Engage In Heated Exchange At NECLive5 https://www.theinfostride.com/toyin-aimakhu-and-adesua-etomi-engage-in-heated-exchange-at-neclive5/ Thu, 27 Apr 2017 12:21:42 +0000 http://www.theinfostride.com/?p=163286 The Nigerian Entertainment Conference is currently ongoing and there’s already a celebrity showdown. So, there was a heated exchange between Nollywood actresses, Adesua Etomi and Toyin Aimakhu during their session at the NECLive5. The duo was chatting about the way forward for the movie industry in a session tagged: How Nollywood Is Reclaiming The Market [...]

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]]> Justin Bieber And Selena Gomez Exchange Words On Instagram https://www.theinfostride.com/justin-bieber-and-selena-gomez-exchange-words-on-instagram/ Mon, 15 Aug 2016 11:30:00 +0000 http://www.theinfostride.com/?p=140255 Seems like Justin Bieber and Selena Gomez are at loggerheads and they seem to be heating things up on social media. It all started when Justin threatened to change his Instagram account to private after fans started shading his rumoured girlfriend, Sofia Richie. “I’m gonna make my Instagram private if you guys don’t stop the [...]

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]]> Chris Brown And Baby Mama Exchange Words On IG https://www.theinfostride.com/chris-brown-and-baby-mama-exchange-words-on-ig/ Wed, 01 Jun 2016 14:27:56 +0000 http://www.theinfostride.com/?p=130475 ‘Petty pants’, ‘poop butt’ and ‘Instagram dad’ were just few of the tirades directed at each other by the parents of Royalty, American music star Chris Brown and Nia Guzman. Since the birth of their daughter, the singer and his baby mama have constantly been at each other’s throats, fighting dirty over the custody of [...]

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]]> Burnaboy Exchange Harsh Words With His Producer https://www.theinfostride.com/burnaboy-exchange-harsh-words-with-his-producer/ Tue, 10 May 2016 02:22:16 +0000 http://www.theinfostride.com/?p=128212 Nigerian reggae-dancehall singer, born Damini Ogulu, better known by his stage name, Burna Boy, has responded to allegations against him by his producer, Orbeat, that he (Burna Boy) was indebted to him. Burna Boy lambasted Orbeat for calling him out on the social media when he could as well contact him on phone. It would [...]

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]]> CEX.IO Bitcoin Exchange Launches Ether Trading, Adds ETH/BTC and ETH/USD Pairs [Press Release] https://www.theinfostride.com/cex-io-bitcoin-exchange-launches-ether-trading-adds-ethbtc-and-ethusd-pairs-press-release/ Wed, 13 Apr 2016 18:48:37 +0000 http://www.theinfostride.com/2016/04/cex-io-bitcoin-exchange-launches-ether-trading-adds-ethbtc-and-ethusd-pairs-press-release/ London, United Kingdom, April 13, 2016 –(PR.com)– CEX.IO Bitcoin exchange launched trading Ethers, currency used by the Ethereum decentralised platform that runs smart contracts. CEX.IO users are now able to buy and sell ETH for Bitcoins and US Dollars. Following trends, CEX.IO has expanded the range of currencies traded on the exchange with ETH/BTC and [...]

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]]> APC, PDP Lawmakers Exchange Blows In Nasarawa https://www.theinfostride.com/apc-pdp-lawmakers-exchange-blows-in-nasarawa/ Tue, 05 Apr 2016 14:39:11 +0000 http://www.theinfostride.com/?p=124952 Members of the Nasarawa state House of Assembly threw caution to the wind, when a disagreement occurred over the appointment of sole administrators for 11 local government councils in the state. Reports have it that the lawmakers exchanged blows during the House session. Governor Tanko Al-Makura had earlier announced the appointment of 11 sole administrators [...]

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]]> Ben Murray-Bruce Accuse Buhari Of Hypocrisy Over Forex Ban https://www.theinfostride.com/ben-murray-bruce-accuse-buhari-of-hypocrisy-over-forex-ban/ Tue, 15 Mar 2016 03:45:08 +0000 http://www.theinfostride.com/?p=122788 Senator Ben Murray-Bruce has criticized President Muhammadu Buhari for saying that no foreign exchange will be made available to parents whose children are studying abroad. Buhari made the comment during a recent interview with Al Jazeera in Qatar despite being questioned on the status of his own children who are also in schools outside the [...]

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]]> Nicki Minaj And Farrah Abraham Exchange Harsh Words On Twitter https://www.theinfostride.com/nicki-minaj-and-farrah-abraham-exchange-harsh-words-on-twitter/ Mon, 11 Jan 2016 16:30:49 +0000 http://www.theinfostride.com/?p=117968 Nicki Minaj and reality star Farrah Abraham got into a heated Twitter fight on Sunday night, January 10. Apparently, the ‘Anaconda’ rapper shared her thoughts on Teen Mom OG’s Abraham– only to end up in a feud with the reality star. Nicki said “Farrah is a cunt to her mother”. “? she was like bitch [...]

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]]> Cricket Media Announces C$7.5 Million Private Placement https://www.theinfostride.com/cricket-media-announces-c7-5-million-private-placement/ Wed, 30 Jul 2014 17:50:46 +0000 http://www.theinfostride.com/2014/07/cricket-media-announces-c7-5-million-private-placement/ WASHINGTON, DC–(Marketwired – Jul 30, 2014) – Cricket Media Group Ltd. (TSX VENTURE: CKT) (“Cricket Media” or the “Company”) announces that it is conducting a non-brokered private placement (the “Offering”) of up to 8,333,334 units of the Company (each a “Unit”) at a price of C$0.90 per Unit for aggregate gross proceeds of up to [...]

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]]> Wave Systems Completes $9.9 Million Stock Offering at $1.90 per Share https://www.theinfostride.com/wave-systems-completes-9-9-million-stock-offering-at-1-90-per-share/ Tue, 17 Jun 2014 20:50:49 +0000 http://www.theinfostride.com/2014/06/wave-systems-completes-9-9-million-stock-offering-at-1-90-per-share/ LEE, MA–(Marketwired – Jun 17, 2014) – Wave Systems Corp. (NASDAQ: WAVX) today announced the closing of its previously announced $9.9 million placement of common stock and warrants to a group of institutional investors. With the placement’s completion, Wave’s At-The-Market (ATM) share issuance program has effectively ended. Wave’s equity placement consisted of 5,225,560 shares of [...]

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]]> iLOOKABOUT Corp. Announces First Quarter Results https://www.theinfostride.com/ilookabout-corp-announces-first-quarter-results/ Wed, 28 May 2014 23:50:48 +0000 http://www.theinfostride.com/2014/05/ilookabout-corp-announces-first-quarter-results/ LONDON, ONTARIO–(Marketwired – May 28, 2014) – iLOOKABOUT Corp. (TSX VENTURE:ILA) (“iLOOKABOUT” or “the Company” or “ILA”) announced today that the Company’s unaudited condensed interim consolidated financial statements for the three months ended March 31, 2014 and 2013, and the related Management’s Discussion and Analysis are available at www.sedar.com and on the Company’s website at [...]

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]]> Alibaba files documents for its US stock listing https://www.theinfostride.com/alibaba-files-documents-for-its-us-stock-listing/ Tue, 06 May 2014 21:39:03 +0000 http://www.theinfostride.com/?p=40823 Alibaba -- often described as a Chinese version of Amazon or eBay -- filed documents Tuesday for its US stock listing, widely expected to be one of the largest offerings in history. The initial filing with the US Securities and Exchange Commission indicates…

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]]> Mt. Gox, Formerly World’s Largest Bitcoin Exchange, Goes Dark https://www.theinfostride.com/mt-gox-formerly-worlds-largest-bitcoin-exchange-goes-dark/ Wed, 26 Feb 2014 19:43:25 +0000 http://www.theinfostride.com/?p=24777 Bitcoin, the world’s biggest and most notable virtual currency, is experiencing a major crisis as Mt. Gox, once one of its biggest exchanges, has gone dark, its CEO having disappeared. As a result, Bitcoin owners the world over may have lost a sizeable…

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]]> Shareholders Petition Securities And Exchange Commission Over Alleged N5.2bn At MTI https://www.theinfostride.com/shareholders-petition-securities-and-exchange-commission-over-alleged-n5-2bn-at-mti/ https://www.theinfostride.com/shareholders-petition-securities-and-exchange-commission-over-alleged-n5-2bn-at-mti/#comments Tue, 28 Jan 2014 09:58:43 +0000 http://www.theinfostride.com/?p=14599 Share holders of Mass Telecommunication Innovation, MTI, Plc have petitioned the Securities and Exchange Commission, SEC, over the involvement of some of its former directors in the fraudulent appropriation, distribution and utilisation of the company’s funds raised from the capital market. . According to the written petition from the shareholders, “between March and April 2008, [...]

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]]> https://www.theinfostride.com/shareholders-petition-securities-and-exchange-commission-over-alleged-n5-2bn-at-mti/feed/ 1 Minister, Poly Teachers Exchange Words https://www.theinfostride.com/minister-poly-teachers-exchange-words/ Wed, 22 Jan 2014 08:39:39 +0000 http://www.theinfostride.com/?p=12514 The seven months old strike by Academic Staff Union of Polytechnics, ASUP, took a dramatic dimension yesterday at a meeting to resolve issues at stake as the union and Supervising Minister of Education, Nyesom Wike, got entangled in a verbal war over invitation of students and the media for the talks. . While ASUP accused [...]

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]]> African Exchange Holdings Delivers on Receipts System https://www.theinfostride.com/african-exchange-holdings-delivers-on-receipts-system/ Tue, 19 Nov 2013 10:34:00 +0000 http://www.theinfostride.com/apr/2013/11/19/african-exchange-holdings-delivers-on-receipts-system/ ABUJA, Nigeria, November 19, 2013/African Press Organization (APO)/ — Today, the Nigerian Strategic Grain Reserve (SGR) and Federal Ministry of Agriculture and Rural Development (FMARD) conducted a technical walkthrough of a pioneering electronic warehouse receipt platform deployed by Africa Exchange Holdings (AFEX), which enables Nigerian farmers, cooperatives and traders to safely store their produce at [...]

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