Central Bank Of Nigeria To Unveil Digital Naira This Year
The Central Bank of Nigeria (CBN) is to unveil a digital currency, Director of the Information Technology Department, Rakiya Mohammed,…
Year: 2021
CBN May Nationalise Ailing Unity Bank As Talks With Investors Fail
The Central Bank of Nigeria (CBN) may nationalise ailing Unity Bank Plc over its troubled and unhealthy state, in its…
Naira Loses 88 Kobo At I&E Amid Low Trades
It was a bad day for the Nigerian Naira at the Investors and Exporters (I&E) segment of the foreign exchange…
CBN’s Digital Currency’ll Begin Before 2022– Bankers’ Committee
The Director-Information Technology Department, Central Bank of Nigeria, Mrs Rakiyat Mohammed, has said that the banking regulator will launch a…
Forex Trades Double As CBN Restores Transparency In Forex Market
Central Bank of Nigeria ( CBN) in collaboration with FMDQ, forex dealers recently activated On-system trading and also adopted a…
Bank Of Canada Brushes Off Temporary Spike In Inflation
Bank of Canada policy makers aren’t worried about the recent run up of inflation they believe is being driven largely…
OPEC Sees Oil Demand Recovery Gaining Strength In Second Half
OPEC predicted that the recovery in global oil demand will gather strength in the second half of the year, as…
FG Declares June 14 Public Holiday To Mark Democracy Day
The Federal Government has declared Monday, June 14 as a public holiday to mark this year’s Democracy Day celebration. The…
JPMorgan says there’s weak bitcoin demand from big investors and a crypto bear market could be on the way
A bitcoin bear market could be on the way as the demand from big investors to support the cryptocurrency —…
These are the newest Reddit stocks to watch, according to Bank of America
New meme stocks emerged again this week as Reddit traders keep finding new targets beyond their old favorites AMC Entertainment…
Hacking bitcoin wallets with quantum computers could happen – but cryptographers are racing to build a workaround
Stefan Thomas really could have used a quantum computer this year. The German-born programmer and crypto trader forgot the password…
This small 401(k) provider wants to bring cryptocurrency to Americans’ retirement funds
Financial services for cryptocurrency holders have been growing as a subset of the fintech industry for years. Now, crypto 401(k)s…
What’s really behind the bitcoin decline and why it could take the cryptocurrency as low as $20,000
The price of bitcoin fell about 10% Tuesday to around $32,000 and is on pace for its third straight day of losses,…
CNBC’s Halftime Report traders answer your questions on Shake Shack, Moderna and DraftKings
CNBC’s “Halftime Report” traders answered questions from CNBC Pro subscribers, including how the economic reopening will affect Shake Shack, whether to hold…
Apple announcements at WWDC show augmented reality is still its ‘next big thing’
Apple released several new augmented reality tools and technologies for software makers during its annual WWDC conference this week. These…
Digital payments giant Stripe launches new software to simplify how companies work out sales taxes
LONDON — Stripe on Thursday debuted a new product that it says will make it easier for businesses to calculate…
Warren Buffett’s Berkshire Hathaway makes $500 million investment in Brazilian digital bank
Warren Buffett’s Berkshire Hathaway made a $500 million investment in the parent company of Nubank, a privately held digital bank based in…
Chinese ride-sharing giant Didi files to go public, earned a small profit last quarter on $6.4 billion in revenue
Chinese ride-hailing giant Didi Chuxing on Thursday filed to go public in what could be one of the largest tech IPOs of…
Apple hires BMW veteran in latest sign of electric car push
Apple has hired Ulrich Kranz, a former senior executive at BMW who focused on electric cars, Apple confirmed to CNBC’s Phil LeBeau on…
Zoom and Salesforce make quick $23 million profit after IPO of Israeli software vendor Monday.com
In Zoom’s IPO two years ago, Salesforce made a bundle by investing $100 million at the offer price and watching the stock soar out of the…
Goldman tells clients to get the best of both worlds with these growth stocks at a reasonable price
With value stocks now outperforming growth stocks, Goldman Sachs recommends a strategy that captures the best of both worlds: growth…
Here’s why Art Cashin says the S&P 500′s move to a new record may be ‘slightly suspect’
The S&P 500 hit an all-time high early Thursday, but longtime trader Art Cashin told CNBC he’s taking a wait-and-see approach before determining whether stocks…
Reddit Co-Founder Says Meme Stocks’ Moniker ‘Charming’ But Momentum Investing Isn’t New
Reddit co-founder Alexis Ohanian told CNBC on Thursday that the meme stock frenzy — which traces its roots to the online forum…
World’s Richest Face Tax Squeeze After 40% Run-Up In Fortunes
Amazon.com Inc. founder Jeff Bezos has the resources to launch himself into space. Elon Musk does, too. In many ways,…
Central Bank Of Nigeria Issues New Framework For Payment System Providers
On 9th December 2020, the Central Bank of Nigeria (CBN) the Central Bank of Nigeria (CBN) issued a circular on “New…
Dollar Hovers Above 5-Month Low, FX Volatility Drops Further Ahead Of ECB, U.S. Inflation Data
The dollar hovered above a five-month low versus major peers on Thursday as investors looked to U.S. inflation The dollar…
Nigeria Taps StanChart To Replace China Loans For Rail Projects
Nigeria’s government is in talks with Standard Chartered Plc about arranging funding for two rail projects expected to cost as…
Asian Currencies Inch Higher Ahead Of U.S. Inflation Data
Asia’s emerging market currencies crawled higher on Thursday as investors awaited a crucial U.S. inflation report due later in the…
China’s Central Bank Governor Sees Inflation Below Target
China’s central bank Governor Yi Gang said consumer inflation is expected to stay under 2% this year, below the government’s…
Inflation, Hunger Loom Over Fresh Strike By Food Sellers
The Amalgamated Union of Food Stuff and Cattle Dealers of Nigeria (AFUCDN) has threatened to cut the supply of foodstuff…