Real Time Financial News Website
Plunged to near $30,000, continuing a major sell-off that began a week ago. The digital currency was down more than 30% on the day to $30,015.02, according to Coin Metrics.…
BC-China-Will-Need-to-Give-Up-FX-Controls-Eventually-PBOC-Official-Says , Bloomberg News (Bloomberg) — China has to give up its control over the currency’s exchange rate eventually if it wants to achieve greater global use of the yuan,…
Goddy Egene writes that as inflation rate remains above 18 per cent, the stock market still provides investors opportunity to earn positive returns on their investments When investors stake their…
Nigeria’s total pension fund assets appreciated by N100 billion in March to rally at N12.34 trillion as against the N12.24 trillion recorded the previous month. Data obtained from the National…
Institutional investors are dumping bitcoin in favor of gold, reversing a recent trend that’s played out over the last two quarters, according to a new report from JPMorgan. Based on…
BRITISH High Commissioner to Nigeria, Catriona Laing, has said the United Kingdom, UK, would deny visas to Nigerians who disrupt 2023 elections. Laing in a chat with Vanguard, yesterday, in…
Mobile money is providing a much-needed revenue buffer against disruptions from the coronavirus pandemic for Africa’s big telecoms companies, such as Airtel Africa, MTN and Safaricom. This was evident in…
Prime Minister Boris Johnson attempted to refocus attention on his “leveling up” agenda by unveiling plans to modernize Britain’s high streets and moving government officials out of London. Some 57…
Elevated inflation and dwindling liquidity concerns are keeping investors away from Nigeria’s localcurrency debt, Bloomberg reported yesterday. According to the news agency, naira bonds have lost almost 10 per cent…
Ghana stocks may extend gains in 2021 of more than 30%, snapping three years of declines, as falling returns in the local fixed-income market draw investors to equities, according to…
THE Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has faulted claims that the bank’s targeted interventions in the agricultural sector are tilted in favour of a certain section of…
National President, Association of Nigeria Licensed Customs Agents (ANLCA), Tony Iju, has felicitated with Muslims on the occasion of the Eid-el-Fitr celebration, calling for improved port infrastructure. Iju, in his…
President Muhammadu Buhari has lauded the historic roles of the Nigerian capital market in national development and the successful transition of the capital market into a new era of increased…
Canadian exporters are adjusting their currency hedges and buying the loonie at stronger levels, in a sign market players are growing more confident that the currency’s commodity-linked surge this year…
The amount of cash that can be deposited into domiciliary accounts of customers in Nigeria has been reduced by banks, Business Post has learned. This new development is coming after…
China’s yuan slipped on Wednesday as Sino-U.S. tensions weighed on risk appetite, defying central bank attempts to guide it higher and despite thedollar index holding near a 2-1/2-month low. The…
Bitcoin plunged below $40,000 for the first time in more than three months Wednesday after China said cryptocurrencies would not be allowed in transactions and warned investors against speculative trading…
Nigeria plans to issue $3 billion or more in Eurobonds as international capital markets (ICM) open up and interest rates decline. Nigeria had planned a Eurobond issue early last year…
Bitcoin fell sharply on Tuesday continuing a major sell-off that began a week ago. The digital currency fell over 13% to hit an intraday low of $38,585.86 at around 12:54…
The emerging world’s worst bond rout isn’t over yet as elevated inflation and dwindling liquidity concerns keep investors wary of Nigeria’s local-currency debt. Naira bonds have lost almost 10% in…
Royal Dutch Shell Plc has been under increasing pressure from investors to slash emissions and pivot toward cleaner energy, and the tension was on show at its shareholder meeting on…
According to MUFG analysts, the US Dollar (USD) remains overvalued in global currency markets. Inflation differentials will widen the gap and weaken the currency further if the Fed keeps interest…
A World Bank report states that diaspora remittances to Sub-Saharan Africa (SSA) declined by 12.5% to US$42bn in 2020. The multilateral institution attributed the fall in remittances to the decline…
The dollar teetered near multi-month lows against European currencies on Tuesday as Treasury yields stall due to renewed expectations that U.S. interest rates will remain low for an extended period.…
The Nigeria Immigration Service has announced the nationwide suspension of issuance of new passports and renewal of old ones in the country. AB Yarima, Deputy Comptroller General of Immigration, in…
–After half a century of pumping oil out of Nigerian swamps, Royal Dutch Shell Plc acknowledged that its spill-prone operations there aren’t compatible with plans to go green. The Anglo-Dutch…
China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading. Under the ban, such institutions, including banks and…
The Federal Government, on Tuesday, confirmed the receipt of the sum of £4,214,017.66 of the loot associated with the family members of the convicted former governor of Delta State, James…
Nigeria’s President Muhammadu Buhari requested on Tuesday parliamentary approval for new external borrowing of $6.18 billion. Nigeria will seek to raise $3 billion or more in Eurobonds as part of…
The recent move by the Central Bank of Nigeria to erase the N379 official exchange rate from its website has raised concerns about the devaluation of the currency that has…