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Olumide Adesina on Muck Rack

Olumide Adesina

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(He/Him)
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Covers:  Financial Markets
Tweets for informational purposes only and not intended for investment advice

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Olumide Adesina’s Biography

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Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.

Articles

Nigerian stocks set for profit-taking in August, Dangote Refinery in spotlight

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By Olumide Adesina Verified
| Nairametrics Verified
Nigeria’s stocks enter August with the NGX All-Share Index (ASI) hovering around 247,000 index points, approaching record highs. Market capitalization stands at approximately N158.3 trillion after a robust seven-month growth. August trading performance will be driven by post-H1 profit-taking short trades, supported by increases in quality tier-1 banking, energy, and select consumer and industrial stocks.
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Naira hits N1,834/£1 as British Pound slips against US dollar

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By Olumide Adesina Verified
| Nairametrics Verified
The British Pound exchanged hands at N1,834 against the Nigerian Naira in Nigeria’s foreign exchange market at the start of Friday’s trade session. The pair traded between N1,813/£1 and N1,862/£1 this month, signaling continued short-term volatility around the N1,830/£1 area as an anchor. Persistent Nigerian FX Demand for Pounds has remained high amid increased medical tourism to London and school fees payments in British schools.
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Naira strengthens to N1,552/€ as CBN’s high rates steady FX market

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By Olumide Adesina Verified
| Nairametrics Verified
The naira appreciated against the major European currency on the mid-week trade session at the official market, with the CBN’s latest data indicating it settled at N1552/€1, up from N1563/€1 last week EUR/NGN is trading softer from multi-highs around N1,684/€1 level seen in early January, and is trying to find its footing in the N1,550/€1 to N1,575/€1 range.
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