Economy
AnalytixInsight Announces Blockchain Initiative, US Listing
By Dipo Olowookere
The management of Artificial Intelligence company, AnalytixInsight Inc, has announced plans to enhance its artificial intelligence platform with a series of Blockchain initiatives which will augment its existing big data analytics engine with distributed ledger technology.
As a result, the company’s shares will also trade on the OTCQB Marketplace under the symbol ‘ATIXF’ effective November 14, 2017 (today).
The firm, in a statement issued today, said it would evaluate and pursue Blockchain initiatives, which are contiguous with its artificial intelligence platform, using a distributed ledger technology to reduce transaction costs and settlement times for its users and partners in CapitalCube and Marketwall.
AnalytixInsight said it believes these initiatives will enhance current revenues being received from existing multi-year agreements with its partners.
The company’s deep learning platform currently processes more than 100 billion data computations daily, using its analytics models and logical arguments to generate insights. The platform provides financial analytics and generates content on approximately 50,000 publicly traded stocks and ETFs, attracting over 2 million user sessions monthly.
The platform’s AI engine publishes more than 3,000 daily articles. CapitalCube has partnership agreements with various financial entities that include Euronext (European stock exchange with 1,300 listed issuers), Thomson Reuters, The Wall Street Journal and Yahoo Finance.
AnalytixInsight says it will pursue Blockchain offerings to enhance CapitalCube’s artificial intelligence platform, and partner relationships as CapitalCube adds to its user base through its channel partners.
The firm’s 49 percent owned subsidiary Marketwall, expects to deploy its mobile app for stock trading and banking services in 2018.
This is a part of the ongoing multi-year revenue licensing partnership with Intesa Sanpaolo – Italy’s leading bank with 12.6 million customers. The mobile stock trading application will directly interface with Intesa Sanpaolo’s established trading platform MarketHub, whose 2016 trading volume exceeded EUR119 Billion on an average of 26,000 daily transactions. Marketwall has also partnered with Samsung to pre-load the app on certain Samsung devices in Europe.
AnalytixInsight will seek to develop a Blockchain distributed ledger platform to reduce transaction costs and settlement times for Marketwall, MarketHub and partners.
Prakash Hariharan, AnalytixInsight’s Chairman and CEO, commented: “A recent study by Deloitte shows there has been a massive surge of new open source Blockchain projects globally, but only a small percentage of these projects stay alive and achieve meaningful scale. We believe that by working together with our strategic partners we can create a meaningful impact within this rapidly developing industry”.
In addition, AnalytixInsight said it has received notice from the OTC Markets Group that it has met the requirements to be upgraded to the OTCQB Marketplace effective November 14, 2017.
The company will continue to also trade on the TSX-Venture Exchange under the symbol ‘ALY’. More than 80 percent of CapitalCube’s approximate 2 million monthly user session traffic is originated in the United States.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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