Exchange Rate: Outlook Of Ghana’s Cedi Against Foreign Currencies
On the interbank board today May 17, 2021, the Ghana Cedi started the 21st trade week of the 2021 fiscal year on a…
Yearly Archives
2021
Raising Diaspora Remittances With Offshore Networks, Partnerships
Diaspora remittances remain major sources of stable external financing for Nigeria and developing…
Nigeria’s Annual Inflation Rate Dips Slightly In April, Naira In Focus
Nigeria's annual inflation eased marginally to 18.12%, the first dip in the rate in 20 months, the statistics…
Foreign Investors’ Trapped $2bn Dragging Down External Reserves – Rewane, Others
The clearing of foreign portfolio investors’ funds that have been trapped in Nigeria for months on the back of…
Naira Gains 0.04% At I&E, Remains Unchanged At Black Market
The Naira appreciated by 27 kobo or 0.04 per cent on the US Dollar at the Investors and Exporters (I&E) window …
WorldRemit Backs CBN’s Extension Of Naira-4-Dollar Scheme
WorldRemit, a global cross-border payments company, has expressed support for the Central Bank of Nigeria’s…
Pound-Dollar Steady On UK Lockdown Easing
The Pound US Dollar (GBP/USD) exchange rate is steady as the latest lockdown easing measures come into force across…
California regulator reviews Tesla’s self-driving claims
A California regulator said on Monday it is reviewing whether Tesla Inc (TSLA.O) violated regulations by falsely…
Berkshire sheds nearly all of Wells Fargo, a holding since 1989
Berkshire Hathaway Inc (BRKa.N) has sold nearly all of its holdings in Wells Fargo & Co (WFC.N), as Warren…
Some big U.S. hedge funds loaded up on SPACS, value stocks during first quarter
A number of well-known U.S. hedge funds bought value stocks and blank-check acquisition companies, selling some…
Bitcoin drops to 3-month low in wild trading after Musk tweets
Bitcoin fell to a three-month low on Monday in a volatile session that saw investors selling and buying the digital…
Dollar Essentially Unchanged As Treasury Yields Hold Steady
The dollar on Monday held steady near recent lows as new restrictions in Asia to contain COVID-19 and mixed…
Apple’s App Store chief kicks off iPhone maker’s defense at Epic Games…
Apple Inc (AAPL.O) on Monday began its formal defense in an antitrust trial brought by "Fortnite" online game…
Summer Travel Is Returning: Here’s Who’s Booking And Where They’re Going
More than half (56%) of Europeans intend to travel this summer with the vast majority choosing to stay within the…
PM Urges ‘Heavy Dose Of Caution’ As Hugs, Indoor Pints And Foreign…
As the country moves to stage thre of the PM's roadmap, friends and family will enjoy greater freedom to gather…
Why Airbnb (ABNB) Looks Set To Bounce Back
It is easy to argue, as so many have over the last few years, that the market’s recent love affair with growth has…
Canadian Dollar Steadies As Housing Activity Calms In April
The Canadian dollar was little changed against its U.S. counterpart on Monday, consolidating
some recent gains as…
Dollar Holds Firm As Virus Restrictions In Asia Unnerve Investors
The dollar held above recent lows on Monday as new COVID-19 restrictions in Asia and mixed economic data in China…
Chinese Yuan Slumps As PBoC Injects $16 Billion Into Financial System
The Chinese yuan weakened against several of its major currency counterparts to kick off the trading week as the…
Nigeria’s Inflation Rate Slows To 18.12% In April — First Decline In 20 Months
The consumer price index, which measures the rate of change in the price of goods and services, dropped to 18.12…
India’s Oil Demand Shrinks Further As Virus Crisis Persists
India’s oil demand worsened in the first half of May as large parts of the nation remained under local lockdowns to…
Inflation – Money Supply Rises 22.5 Percent To N38trn
The increasing demand for cash by members of the public to meet the rising prices of goods and services has caused…
The World Economy Is Suddenly Running Low On Everything
A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the…
ANALYSIS: 77% Of Oil Spills In Nigeria Occurred In Only Three States
Between January 2019 and April 2021, 12 states in Nigeria recorded 881 cases of oil spillage, according to data…
N120b Petrol Subsidy To Double As CBN Adjusts Exchange Rate
As the Central Bank of Nigeria (CBN) signals a subtle harmonisation of exchange rates with the removal of N379/$1…
Currency Printing Is Finance Ministry’s Responsibility, Says Owoh
Godwin Owoh, a professor of applied economics and expert in central banking, in an interview with GEOFF IYATSE,…
NNPC Selects 26 Firms To Lift Nigeria’s Crude Oil
The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as…
Agusto & Co Forecasts $22bn Diaspora Remittances For Nigeria In 2021
Pan-African credit rating agency, Agusto & Co has projected that Nigeria’s diaspora remittances will reach $22…
Branch Offers Free Money Transfers
The Branch Finance Company is offering free unlimited money transfers and a 20 per cent per annum investment…
Investors Gain N150bn As Nigerian Stocks Cut Losses
Investors gained N150bn at the close of trading on the Nigerian Exchange Limited last week as stocks pared their…