NEWS WIRE Investing 9h Ago China’s Yuan Adds Renewed Momentum To Global Reflation Trade
China’s yuan is overvalued, and that could end up stoking global inflation. The yuan ranks as the most overvalued among…
Day: April 20, 2021
HSBC: Buy The Euro, Sell The Pound As UK Good Vaccine News Priced In Say HSBC
Euro-to Pound (EUR/GBP) losses during the first quarter of 2021 were driven by the UK vaccine programme, but HSBC now…
ABCON Seeks Measures To Boost Diaspora Remittances
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to…
Inflation Rate: The 18.17% Rise Of A Monster
Nigeria’s March 2021 inflation rate of 18.17% has riled analysts as the economy gets caught in deep undercurrents. The country’s…
ABCON Calls On CBN To Check Cryptocurrencies’ Impact On Diaspora Remittances
The Association of Bureaux De Change Operators of Nigeria (ABCON) has charged the Central Bank of Nigeria (CBN) to introduce…
Local Currency Sells For N410.33/$ At I&E
The exchange rate of the Naira against the United States Dollar at the Investors and Exporters (I&E) window of the…
CANADA FX DEBT-Canadian Dollar Notches 1-Month High Ahead Of Federal Budget
The Canadian dollar strengthened to a one-month high against its U.S. counterpart on Monday, as the greenback broadly declined and…
Dollar Slide Extends
Overview: The selling pressure on the greenback, evident last week, despite a series of stronger than expected economic reports, carries over…
Oil & Gas: Nigeria To Account For 23% Of Projects In Africa By 2025 – Report
Nigeria may account for 23 percent of all oil and gas projects in Africa within the next four years, a…
Nigeria’s Commercial Hub Sets Up Anti-Graft Body To Investigate Officials
Lagos state, which is home to Nigeria’s commercial hub, set up an anti-corruption agency to investigate government officials and curb…
Currency In Circulation Hit N2.8tn In March – CBN
Currency in circulation rose by N29bn to N2.81tn as of the end of March from N2.78tn as of the end…
Bolt Reacts As Drivers, Uber Operators Begin Strike
Bolt and Uber drivers began a strike on Monday to demand an upward review of the fares charged by the…
China Leaves Lending Benchmark Rate Steady For 12th Straight Month
China kept its benchmark lending rate for corporate and household loans steady for the 12th straight month at its April…
Bank Of England Joins Global Peers Exploring A Digital Currency
Britain’s Treasury and the Bank of England are weighing the potential creation of a central bank digital currency, joining…
UK Banks Launch 95% Mortgages: Everything You Need To Know
A new government-backed mortgage scheme has launched in the UK which will help first-time buyers, or current homeowners, secure a…