Bitcoin falls after U.S. seizes most of Colonial ransom
Bitcoin’s price slipped again Tuesday amid a brutal sell-off among digital currencies. The reason for the move was unclear, however it…
Day: June 8, 2021
The FBI likely exploited sloppy password storage to seize Colonial Pipeline bitcoin ransom
The FBI’s breach of a bitcoin wallet held by the cyber criminals who attacked Colonial Pipeline is all about sloppy…
Sterling Eases Vs Dollar, UK Reopening Eyed
Sterling eased against a broadly stronger dollar on Tuesday, with no significant data releases on the economic calendar leaving analysts…
Nigeria Immigration Reopens Passport Application Portal
The Comptroller General of the Nigeria Immigration Service (CGI), Muhammad Babandede, has announced the reopening of the passport application and…
Counting The Gains Of CBN’s Funding Interventions For MSMEs
The gains of the Micro, Small and Medium Enterprises Development Fund (MSMEDF) driven by the Central Bank of Nigeria, CBN,…
Nigeria’s Twitter Ban Stokes Defiance Despite Prosecution Threat
The Nigerian government’s ban on Twitter Inc. has triggered a wave of defiance among the country’s tech savvy, largely youthful…
FG Pledges Support For Eko Refinery
The federal government has restated its commitment to assist the management of Eko Petrochemical and Refining Company, a subsidiary of…
Patronise CBN-Licensed BDCs, ABCON Charges Customers
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised foreign exchange users and the general public to patronise…
Airline Operators Count Losses As Forex Scarcity, Naira Devaluation Trap Aircraft Abroad
Several commercial aircraft in the nation’s aviation industry are stranded abroad due to lack of access to foreign exchange at…
Report: Electronic Payment Transactions Increased By N80bn To N21trn In May 2021
Transactions through electronic payment (e-payment) channels increased by N80 billion to N21.27 trillion in May 2021 against the N21.19 trillion…
Nigeria’s Devaluation Won’t Fix Managed-Float Woes
Nigeria’s naira devaluation in May is unlikely to be the last and won’t fix the chronic dollar shortage which hampers…
Nigeria Naira Slides Past 500/Dlr On Black Market, Trading Volumes Drop
Nigeria’s naira slid past 500 per dollar on the black market on Monday to a more than 3-1/2-year low, two…
Move Towards Exchange Rate Unification Positive, Says FSDH
A report by the FSDH Research has described recent move by the Central Bank of Nigeria (CBN) to achieve exchange…
Dementia Expert Says Evidence behind Biogen Alzheimer’s drug ‘Wasn’t Sufficient’ For FDA Approval
Dementia expert Dr. Jason Karlawish told CNBC he’s skeptical of the Food and Drug Administration’s approval of Biogen’s Alzheimer’s disease drug, Aduhelm, saying…
Cramer’s Lightning Round: I Prefer Moderna Stock Over Novavax
Novavax: “I have to tell you even after today’s run in Moderna, I still prefer Moderna’s stock than Novavax because I…
Jim Cramer says Yellen’s interest rate comments ‘spooked the market’
CNBC’s Jim Cramer blamed Monday’s stock market decline on messaging from the head of the U.S. Treasury. On Sunday, Secretary Janet…
Apple is turning privacy into a business advantage, not just a marketing slogan
Apple unveiled new versions of its operating systems on Monday which showed that the company’s focus on privacy has taken a…
NBCUniversal will air more than 7,000 hours of Olympics coverage on TV and streaming video
NBCUniversal, the parent company of CNBC, announced Monday it will show more than 7,000 hours of content from the Tokyo…
T-Mobile CEO says company is poised to dominate 5G for the next decade
T-Mobile CEO Mike Sievert on Monday laid out his vision for the next decade, telling CNBC that he believes his company…