Canada FX Debt-C$ Heads For Monthly Gain As Current Account Swings To Surplus
The Canadian dollar edged lower against its U.S. counterpart on Monday, but was on track to notch its fourth straight…
Year: 2021
Nigerian Equities Could Rise, But Upside Is Capped
Global X MSCI Nigeria ETF (NYSEARCA: NGE) provides predominantly U.S. investors with the chance to gain direct access to the…
China C.Bank Says To Raise FX Reserve Requirements
China’s central bank said on Monday that it will raise the FX reserve requirement ratio for financial institutions to 7%…
Nigerians Trade N69.29bn Bitcoin In Five Months Despite Ban
Nigerians traded N69.29bn ($169m) in bitcoin volume in the first five months of 2021, according to data analysed from www.usefultulips.org.…
Yuan Stabilises After New FX Requirements, Corp Clients Told To Hedge
China’s yuan clawed back earlier losses on Tuesday taken after authorities ordered banks to increase their foreign exchange holdings, although…
Pound’s Gain To Three-Year High Cut Short Amid Variant Concerns
The pound retreated after hitting its strongest level in three years as concern over a new coronavirus strain outweighed bets…
Precious-Gold Prices Near 5-Month Peak On Weaker Dollar, Inflation Worries
Gold prices scaled a near five-month high on Tuesday, driven by a weaker dollar and growing inflationary pressures, while investors…
NNPC Plans To Acquire Stakes In Six Private Refineries
The Nigerian National Petroleum Corporation on Monday said it is currently considering equity participation in some private refineries across the…
Economy Can Handle The Sharp Rise In Inflation, Market Bull Ed Yardeni Predicts
The post-lockdown spending frenzy may contribute to a sharp rise in inflation, but Ed Yardeni believes the economy can handle…
Stock Investments Drop By N1.02trn As Buyers Shift To Fixed Income
Investments on the Nigerian stock market declined by N1.022 trillion in the first five months of the year. Capital market…
Nigeria Opens Bid For Highway Development, Management
The initiative is aimed at creating alternative sources of financing road development and management in the country. The Federal Ministry…
Federal Government: $40bn Investments Needed To Boost Power Supply In Nigeria
The federal government has said that there’s still a lot of financing gap in the country’s power sector, requiring an…
Corrected-Forex-Dollar In Doldrums As Traders Ponder Fed Policy Path; Sterling Soars
The dollar languished near multi-month lows versus major peers on Tuesday, as traders pondered the prospects for early policy normalisation…
Apprehension As Naira Crashes To N700/£1 At Parallel Market
The foreign exchange (Forex) market in Nigeria was thrown into a panic mood on Monday when the value of the Naira significantly depreciated against the Pound Sterling at…
Nigerian FX Volumes Rose 0.72pc To $1.25bn Week Ago
ABUJA: A total of $1.250 billion traded across Nigeria’s currency markets last week, up 0.72% from a week earlier, driven…
Bank of America names its ‘best’ stocks to play the U.S. and global recovery
Analysts from Bank of America have picked stocks set to get a boost as economies in the U.S. and Europe recover from…
Chinese yuan will become a top reserve currency sooner than expected, says Ray Dalio
The Chinese yuan will become a global reserve currency sooner than most people expect, said billionaire investor Ray Dalio. The U.S. dollar is currently the…
Coming Supreme Court decision in major LGBT rights case seen as bellwether of conservative court
The Supreme Court is expected to release a decision in the coming days that could provide the first glimpses of…
These are Wall Street’s top analysts favorite stocks heading into June
With May coming to a close, Wall Street analysts are fine tuning their recommendations as COVID-19 vaccinations pave the way…
Black Wall Street was shattered 100 years ago. How the Tulsa race massacre was covered up and unearthed
A century ago this week, the wealthiest U.S. Black community was burned to the ground. At the turn of the…
U.S futures start month slightly lower after major indexes saw gains in May
Stock futures are slightly lower in overnight trading after major indexes saw gains in May. Futures on the Dow Jones…
Millions of Americans could face eviction as housing protection expires in June
More than 11 million Americans are behind on their rent and many could be pushed from their homes when the…
Cryptocurrency poses a significant risk of tax evasion
The Biden administration wants to get tougher on tax cheats — and cryptocurrency is an area of interest. Virtual currencies…
Nigeria Records N5tr Non-Oil Exports
More than N5 trillion non-oil export cargoes were ferried out of the country in the fourth quarter of last year.…
Gas Shortage Knocks Out Several Power Plants
Low pressure on the Escravos-Lagos Pipeline System, ELPS, has left several power plants without gas supply leaving about 3,000 megawatts…
China’s Yuan Pulls Back After Officials Warn Against Speculation
The yuan hit a three-year high against the dollar on Monday before falling back following a chorus of warnings from…
Gold Heads For Biggest Monthly Gain Since July On Inflation Bets
Bullion has erased its 2021 losses, and is one of the best-performing metals in May, amid signs of rising inflation…
FX Spot, Forwards, Futures Markets Record $1.252bn Turnover
The foreign exchange (FX) Spot, Forwards and Futures markets on the FMDQ Securities Exchange recorded a total turnover of $1,250.97…
Forex Speculators Responsible For Naira Crisis, Says ABCON
Speculators are responsible for the sale of dollars above the exchange rate approved by the Central Bank of Nigeria (CBN)…
HSBC Is Closing — What Will Happen To Your Checking And Savings Accounts?
British bank HSBC Holdings PLC announced Wednesday that it will sell most of its retail locations across the U.S., reducing…