WorldRemit Reaffirms Commitment To CBN’s Naira 4 Dollar Scheme
Global cross-border payment company, WorldRemit, has said it would continue to reward customers who receive international money transfers through its…
Month: May 2021
Another Month, Another Good Auction For The DMO
The DMO held its monthly auction of FGN bonds on Wednesday. It offered its regular NGN150bn, raised NGN175bn (USD430m) and…
FG Nabs Black Market Airline Operator, Vows Clampdown
Following recent complaints on activities of illegal operations by private jet owners in Nigeria, federal authority has disclosed that culprits have been nabbed just…
FOREX-Dollar Set For Weekly Loss As Taper Fears Subside; Crypto Bounce Loses Steam
The dollar hovered around recent lows on Friday and was set to notch a modest weekly drop as traders’ concerns…
How U.S. Government Paper Currency Began, And How Private Banknotes Ended
A couple months ago, in arguing that “The Fed should give everyone a bank account,” journalist Matt Yglesias cited what he took to…
Remittance: FBNQuest Backs CBN’s Extension Of Incentives
Analysts at FBNQuest Research have expressed support for the Central Bank of Nigeria (CBN)’s extension of its “Naira 4 dollar…
Why Immigration Suspended Passport Production
Overwhelmed by the plethora of demands by Nigerians desirous of leaving the country and pressured by the producers of the…
Nigerians To Submit Phone IDs In Three Months, Says NCC
The Nigerian Communications Commission has said Nigerians will have to submit the International Mobile Equipment Identity of their phones to…
Experts Carpet CBN, Say Serial Naira Devaluation Threatens Economy, Nigerians
Financial experts have decried the continuous devaluation of the naira by the Central Bank of Nigeria, stressing its adverse impact…
Treasury Calls For Crypto Transfers Over $10,000 Reported To IRS
The U.S. Treasury said the Biden administration’s proposal to strengthen tax compliance includes a requirement for transfers of at least…
A Welcome Extension Of The Incentive For Remittances
The CBN has extended its “Naira 4 dollar scheme” until further notice, and will be hoping for a strong recovery…
Bitcoin cuts gains and briefly turns negative amid regulation fears
Bitcoin pared its gains and briefly dipped into negative territory on Thursday amid news that the Treasury Department is setting forth…
Snap announces new Spectacles AR glasses that let you overlay digital objects on the real world
Snap on Thursday announced a new version of its Spectacles smart glasses. They use augmented reality, which means you can look…
Snapchat users will be able to tip popular creators later this year
Snapchat users will be able to tip high-profile creators through the app’s chat function later this year, Snap said Thursday. The move…
Bitcoin’s Wild Price Moves Stem From Its Design — You’ll Need Strong Nerves To Trade It
So you want to play in crypto and become a millionaire overnight? Brace yourself for more days like Wednesday. Bitcoin plunged as…
Cathie Wood Buys More Coinbase Amid Crypto Plunge
Ark Invest’s Cathie Wood is buying more shares of Coinbase amid the spiral in crypto prices. The Ark Invest founder purchased $38…
UBS Upgrades Chipotle To Buy, Says Stock Can Jump 30% From Here
Chipotle Mexican Grill should benefit from the economic reopening while also holding on to increased digital sales from the pandemic, UBS…
Dogecoin Jumps After Elon Musk Tweet Fans More Wild Cryptocurrency Trading
The price of dogecoin spiked Thursday morning after Tesla CEO Elon Musk mentioned the coin on Twitter, adding another chapter to the…
JPMorgan Chase Launches New Health-Care Business After Winding Down Amazon-Berkshire Venture
JPMorgan Chase is going it alone. After the health-care joint venture formed by Amazon, Berkshire Hathaway and the biggest U.S. bank by assets was disbanded…
As Bitcoin Lurches, Wall Street Plots Its Way Into Cryptoland
CRYPTO BUFFS have had a punishing week. On May 13th Tether, which issues a “stablecoin” widely used to facilitate bitcoin…
UK Pubs And Restaurants Enjoy ‘Ringing Tills’ After COVID Rules Relax
Spending at British pubs and restaurants has surged since coronavirus rules were relaxed on Monday to allow people to eat…
Sterling Edges Up Against Easing U.S. Dollar
Sterling edged up against the dollar on Thursday, trading above the $1.41 mark as analysts remained positive on the currency’s…
El-Rufai Attacks Govs Over Strike, NGF Mulls N380/Litre Fuel Price
THE Governor of Kaduna State, Nasir El-Rufai, has accused his fellow governors of abandoning his administration in its face-off with…
Now What Does Bitcoin Say About The Dollar And The US?
Overview: A setback in commodities and technology are roiling equity markets today. The inability of US equities to sustain yesterday’s rally…
Dollar Advances As Fed Minutes Open Door To Future Taper Talks
The dollar gained ground on Wednesday, snapping a four-day losing streak and bouncing off a multi-month low following the release…
Oil Steady Near Three-Week Low With Iranian Crude Flows In Focus
Oil was steady near a three-week low in early Asia trading following a broader market slump as investors weighed the…
National Carrier: Ministry Prepares Memo, Plans 2022 Takeoff Date
The Minister of Aviation, Hadi Sirika, has assured Nigerians that the national airliner will swing into full operation by the…
MDAs Failed To Account For N1.2trn –FRC
The Fiscal Responsibility Commission has said ministries, departments and agencies of the Federal Government are withholding about N1.2trn. The commission…
Inflation Near 50% Puts Argentina On Path That Failed Before
Argentina’s new ban on exports of its famed beef won’t quell runaway inflation if previous interventions are any guide. With…
Why Foreign Direct Investment In Property Sector Dries Out
FDI into UAE climbs over 44% against UN estimates • ICPC: Over 800 properties worth $400m linked to PEPs •…