Bitcoin May Yet See ‘Breakthrough,’ Norway Finance Minister Says
The finance minister of Norway appeared to break away from the chorus of Bitcoin critics…
Year: 2021
Nigerian Banks Lend To Customers At Higher Rate Despite Cheap Funds
Nigerian banks access low cost funds from individual/corporate deposits, interventions from the Central Bank and…
UK’s Post-Study Work Visa Targets Graduates From Nigeria, Others
Under the post-study work visa rules by the United Kingdom government, Nigerians and nationals from other countries…
China Digs Deep Into Its Currency Toolkit To Manage Yuan
As China’s central bank pulls back from direct intervention in its currency market, officials are…
Twitter Deletes President Buhari’s Post For Violating Rules
President Buhari had in a tweet shared on Tuesday, evoked Nigeria’s civil war experience which…
The Dollar Snaps Back
Overview: The US dollar is enjoying broad, even if not large, gains today following yesterday’s recovery…
Why We Want 20% Stake In Dangote Refinery – NNPC
The Nigerian National Petroleum Corporation, NNPC, has moved to explain its recent bid to acquire…
Bitcoin Unlikely To Dodge Regulation For Long, Sweden Says
Bitcoin and other cryptocurrencies are unlikely to escape regulatory oversight as supervisory authorities respond to…
Update 1-South Africa’s Rand Falls After Unemployment Data
The South African rand fell on Tuesday after data showed that the country’s unemployment rate…
Analysis-China’s Banks Are Bursting With Dollars, And That’s A Worry
A mountain of dollars on deposit in China has grown so large that banks are…
IMF Offers Bailout To Second African Nation In Less Than A Week
The International Monetary Fund staff agreed to provide a $1 billion facility to Uganda, the…
NNPC Decries Destruction Of Rail Lines For Oil, Gas Pipe Transportation
The Nigerian National Petroleum Corporation (NNPC) has bemoaned the recent spate of attacks on the…
OPEC+ Gives Little Away As It Sees Oil Market Tightening
OPEC+ left oil consumers in limbo, sticking to its plan of monthly production increases until…
Bank Of England Expresses Unease About Jump In Housing Prices
The Bank of England indicated unease about the U.K. housing market after Nationwide Building Society…
Nigeria’s Furniture Export Rises As Cyrus Doors Enters Alaro City
Nigeria’s furniture export profile has received a boost with the move by Cyrus Doors and…
PFAs Invest N8.3tr In FGN Securities
Pension Fund Administrators (PFAs) have invested N8.32 trillion in Federal Government’s Securities, out of the…
Federal Government Targets Private Refineries To Offtake Over 300,000bpd
Except Dangote and other private refineries coming on board give preference to the Federal Government…
Nigerian Banks Spend Billions Annually On KYCs
A KPMG report has revealed that Nigerian banks spend billions of naira annually to implement…
How Wema Bank Is Supporting Nigerians With Loan Offerings
There are many reasons to take out a loan. From needing a bigger shop or…
Dollar Set For Second Consecutive Monthly Loss Vs Euro And Pound
The dollar came under pressure on Monday and was heading for its second consecutive monthly…
Pound Touches Three-Year High Against The Dollar
The pound reached to a three-year high against the dollar on Tuesday, boosted by thin…
External Reserves Dropped By $640m In May – CBN
The country’s external reserves lost $640m in May, falling to $34.24bn on May 28 from…
Dollar Gets Respite As U.S. Manufacturing Picks Up, Jobs Report Awaited
The dollar clung to small overnight gains on Wednesday, edging back from near a five-month…
China Yuan Assets Not A ‘Bargaining Chip’ For Gamblers, Xinhua Warns
Chinese yuan-denominated assets are not a “bargaining chip” for gamblers, the official Xinhua news agency…
Sub-Saharan Africa Most Expensive Globally To Send And Receive Money
The cost of remittances in sub-Saharan Africa was the highest, averaging 8.17 percent in the…
Sterling Hits Fresh 3-Year High As Investors Bet On UK Recovery, House Price Surges
The pound edged lower on Tuesday after touching a fresh three-year high versus the dollar…
Stock Market Sheds N812bn In May As Investors Weigh Options
The rally witnessed in the equities market in April was halted in May as rising…
Australia Central Bank Holds Rates As Economy Bolts Ahead, A$ Slips
Australia’s central bank left its cash rate at record lows on Tuesday and reiterated its…
7,000 Oil Reserves Discovered, Only 1,700 Producing – Nigerian Government
The Federal Government on Monday disclosed that out of 7,000 oil reserves that have been…
We’re Significantly Decongesting Lagos Ports, Says NPA
The Nigerian Ports Authority has said it is making significant progress in decongesting the ports…