Pound Ticks Up On Bank Of England Policymaker’s Rates Rise Comment
The pound (GBPUSD=X) rose against the dollar on Thursday afternoon, after Bank of England (BoE) policymaker Gertjan Vlieghe said it…
Day: May 27, 2021
China’s Yuan Rises To Strongest Since ‘16 Versus Basket Of Peers
The yuan’s rally gathered pace on Thursday, with the Chinese currency rising to its strongest level since March 2016 against…
Nigeria’s President Appoints New Army Chief After Predecessor’s Death -Statement
Nigeria’s president has appointed a new army chief, the ministry of defence said in a statement on Thursday, following the…
Debt Rises By N20.8tn Under Buhari, Servicing Gulps N10.26tn
The country’s debt rose by N20.8tn between July 2015 and December 2020, data obtained from the Debt Management Office on…
Experts Fault Naira Devaluation, Say Prices’ll Rise, Poverty Deepened
Against the backdrop of the recent devaluation of the naira by the Central Bank of Nigeria, economic and financial experts…
Govt Seeks Single-Digit Interest For MSMEs
The Minister of State, Industry Trade and Investment, Mariam Katagum has called for single digit rate financing for the Micro,…
Stock Market Extends Losses By N12 Billion
The stock market extended losses to three consecutive sessions yesterday, causing market capitalisation to depreciate further by N12 billion. At…
Nigeria Needs $2b Monthly For Fiscal Sustainability As FG Builds Oil Reserves
The Department of Petroleum Resources (DPR) has stated that the country needs over $2 billion monthly revenue to remain sustainable…
Yuan Advances To New 3-Yr High As PBOC Yet To Show Discomfort With Recent Gains
China’s yuan advanced further to a new three-year high against the dollar on Thursday, as investors increased their bets on…
Dollar Firms As Traders Brace For U.S. Inflation Gauge
The dollar found support on Thursday from a sense that the Federal Reserve is slowly but surely edging towards a…
PSSP Capital Base Jacked Up To N250m
The Central Bank of Nigeria (CBN) has raised the minimum capital requirement for payment solutions service providers (PSSPs) to N250 million…
More Than Half Of Europeans Want To Replace Lawmakers With AI, Study Says
LONDON — A study has found that most Europeans would like to see some of their members of parliament replaced…
Cramer Says Investors Who Are Short GameStop And AMC Are Out Of Their Mind
CNBC’s Jim Cramer said Wednesday he’s not sure why any investors are still betting against GameStop and AMC Entertainment, two of the so-called…
Bitcoin Crash Opens Door To A Tax Loophole For Investors
Crypto investors may be shellshocked by a recent plunge in prices. But that sell-off has a silver lining: It opens the…
Twitter Says It Is Concerned About The Safety Of Its India Staff After Police Visit Office
Twitter said on Thursday it was worried about the safety of its staff in India, days after police visited its office…
Kiwi Dollar Holds Onto Gains After Surprise Rate Hike Projection; Dollar Steady
While the dollar was steady around 5-month lows in early London trading on Wednesday, the New Zealand dollar was up…
Nigeria To Earn N320 Billion From NNPC, Bonga PSC Deal
The Nigerian National Petroleum Corporation (NNPC) and Bonga Production Sharing Contract (PSC) partners, have signed watershed agreements to unlock $700m…
How Apple’s 2015 Negotiations For Time Warner Bundling Deal Briefly Led To Acquisition Talks
As AT&T and Discovery discussed putting together their content assets, they specifically structured a deal to give the combined company flexibility to merge or sell down…