Canadian Exporters Rejig Currency Hedges As Commodities Boom
Canadian exporters are adjusting their currency hedges and buying the loonie at stronger levels, in…
Year: 2021
Banks Set Monthly Cash Deposit Limit For Domiciliary Accounts
The amount of cash that can be deposited into domiciliary accounts of customers in Nigeria…
Yuan Slips As Sino-U.S. Tensions Weighs On Appetite
China’s yuan slipped on Wednesday as Sino-U.S. tensions weighed on risk appetite, defying central bank…
Bitcoin Tumbles Below $40,000 After China Issues Warning
Bitcoin plunged below $40,000 for the first time in more than three months Wednesday after…
Nigeria Eyes $3b From Eurobond’s Sale
Nigeria plans to issue $3 billion or more in Eurobonds as international capital markets (ICM)…
$280 billion wiped off crypto market as bitcoin falls below $40,000 for first time in 14 weeks
Bitcoin fell sharply on Tuesday continuing a major sell-off that began a week ago. The digital…
EM’s Worst Bond Rout Far From Over As Nigeria Fights Inflation
The emerging world’s worst bond rout isn’t over yet as elevated inflation and dwindling liquidity…
Shell Green Plans Under Scrutiny As Holders Seek More Action
Royal Dutch Shell Plc has been under increasing pressure from investors to slash emissions and pivot…
Overvalued Dollar Will Weaken Further If Fed Fails To Respond To Higher Inflation: MUFG
According to MUFG analysts, the US Dollar (USD) remains overvalued in global currency markets. Inflation differentials will…
Fall In Nigeria’s Remittances Drag SSA Total Remittances In 2020
A World Bank report states that diaspora remittances to Sub-Saharan Africa (SSA) declined by 12.5%…
UK Sends $5.97 Mln Of Jailed Politician’s Stolen Assets To Nigeria
The dollar teetered near multi-month lows against European currencies on Tuesday as Treasury yields stall…
Immigration Suspends Issuance Of New Passports, Renewals Till June
The Nigeria Immigration Service has announced the nationwide suspension of issuance of new passports and…
Shell In Talks With Nigeria To Exit Onshore Oil Fields As Part Of Green Push
–After half a century of pumping oil out of Nigerian swamps, Royal Dutch Shell Plc…
China Bans Financial, Payment Institutions From Cryptocurrency Business
China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions,…
Finally, £4.2m ‘Ibori Loot’ Returns To Nigeria, FG Confirms Receipt
The Federal Government, on Tuesday, confirmed the receipt of the sum of £4,214,017.66 of the…
Nigeria’s Buhari Asks Parliament To Approve $6.18 Bln Of New External Borrowing
Nigeria’s President Muhammadu Buhari requested on Tuesday parliamentary approval for new external borrowing of $6.18…
Exchange Rate Policy Ambiguities, Forex Scarcity Worsen Business Environment
The recent move by the Central Bank of Nigeria to erase the N379 official exchange…
Sterling Rises Above $1.42 After UK Jobs Data
Versus a weaker dollar, the British pound rose to a three-month high on Tuesday, with…
Brent Oil Climbs To $70 A Barrel As Reopenings Boost Demand
Brent crude topped $70 a barrel in London for the first time since mid-March amid…
Dollar Drops As Yield Support Fades Amid Expectations Of Low U.S. Rates
The dollar plumbed a six-year trough against the Canadian dollar and teetered near multi-month lows…
UK Jobless Rate Falls Again, Hiring Up As Lockdown Eases
Britain’s unemployment rate fell again to 4.8% between January and March, when the country was…
Shipping Gathers Together To Fight Piracy Off Nigeria
Around 100 maritime companies have signed the Gulf of Guinea Declaration on Suppression of Piracy,…
China’s Yuan Firms As Dollar Drops On U.S. Rate Outlook
China’s yuan strengthened on Tuesday as investors tempered earlier expectations that the U.S. central bank…
Nigerian Stocks Halt Gains As Sell Pressure Weighs On Big-Cap Shares
Nigerian equities were down by 0.44 per cent on Monday, shedding value for the first…
Analysts Express Cautious Optimism As Inflation Drops To 18.12%
After 20 consecutive months of increase, the Consumer Price Index(CPI), which measures inflation has dropped…
Family Businesses Key To Realising Nigeria’s 6% Yearly Growth
Based on their significance, it is pertinent that lasting family businesses emerge in Nigeria if…
AfDB, European Bank To Bridge US$2.5trn Financing Gap In Africa
The African Development Bank (AfDB) Group and the European Bank for Reconstruction and Development (EBRD) have signed…
The Naira Depreciated Against The US Dollar On IEFX Window As Nigeria’s Oil Production Improved
The Macroeconomy Nigeria’s oil production improved. Headline inflation inched up further in March 2021. The…
Nigerian Naira Weakens On Official Market
ABUJA: Nigeria’s naira inched down against the dollar on Monday, having recently weakened in the…
Banks Consume More Energy Than Bitcoin – Report
A report by Galaxy ‘On Bitcoin’s energy consumption’ has revealed that traditional banks use more…