Nigeria’s Bitcoin P2P Surge By 25% In 180 Days Amid Falling Naira
Despite government rules limiting crypto trades within financial institutions to protect citizens and monitor the technology’s growth. Many Nigerians have…
Month: June 2022
Naira Falls At Official Market Despite Slight Improvement In FX Supply
The exchange rate between the naira and the US dollar closed at N420.25/$1 at the Investors and Exporters (I&E) window.…
Wema Bank Launches Innovation Challenge For Kids
Wema Bank Plc has unveiled its Kids’ innovation challenge aimed at encouraging children. This, however, It teaches them to ideate…
Saudi, OPEC May Make Up Or Russian Oil Output Loss As Biden visit looms
Saudi Arabia and other OPEC states may boost oil production to offset a drop in Russian output. A move that…
FUGAZ Investors Gain N39 Billion Combined During The Week
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, appreciated by 1.77% to…
Credit Suisse Faces Verdict In Cocaine-Cash Trial
Swiss judges will rule on Monday whether Credit Suisse (CSGN.S) failed to prevent money laundering. Which linked to an alleged…
Analysis: Food Export Bans, From India To Argentina, Risk Fueling Inflation.
It only took 24 hours last month for Prime Minister Narendra Modi’s government in India. The world’s second-largest producer of…
Banking Body Urges Decisive Wave Of Global Rate Hikes To Stem Inflation.
The world’s central bank umbrella body, the Bank for International Settlements (BIS), has bawl for interest rates to be uplift;…
Telecom Firms’ Operating Costs Rise by N265bn – Nigerian Communications Commission.
The operating costs of telecommunication companies in Nigeria rose from N1.4tn in 2020 to N1.66tn in 2021. This shows an…
Ghanaian cedi has lost 22% against the US dollar since the start of 2022
The Ghanaian cedi came under pressure after racking up a whopping loss of 22.44% against the US dollar. This comes…
Linkage Assurance’s Gross Premium Rises By 34%
Linkage Assurance Plc has disclosed that its gross premium written rose by 34 per cent in the 2021 financial year.…
Ireland’s PTSB May Absorb Initial ECB Rate Hikes, CEO Says
Ireland’s Permanent TSB may choose to absorb the first two rounds of European Central Bank interest rate hikes. They plan…
G7 To Announce Ban On Import Of New Russian Gold U.S. Official Says
The Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday; as part of…
JP Morgan Sees Portfolio Rebalancing Lifting U.S. Stocks 7% Next Week
U.S. equities could see a 7% move up next week as investors rebalance their portfolios after a brutal first half…
Altcoins Gain 90% In The Last 7 Days.
Bullish price action is returning back to the cryptocurrency market alongside the U.S. stock market as the 16.54% rally in…
China Proposes Rules To Regulate Private Pension Investment Via Mutual Funds.
China’s securities regulator proposed rules to regulate private pension investment via mutual funds. Setting the criteria for qualified products and…
Banks Rally After Stress Test, Bank of America Underperforms
Shares in the biggest U.S. banks rallied after they passed the Federal Reserve’s annual health check; but Bank of America…
China Approves ICBC-Goldman Joint Venture To Offer Wealth Services
Industrial and Commercial Bank of China (601398.SS), (1398.HK) (ICBC) said its wealth management joint venture with Goldman Sachs Group Inc…
Barclays Strikes $2.8 Billion Deal To Buy Mortgage Lender Kensington
Barclays (BARC.L) has struck a deal worth around 2.3 billion pounds ($2.8 billion). This is to buy specialist lender Kensington…
Customs, Firm Sign $3.2bn Digitisation Deal, FG Targets $176bn Revenue
The Nigeria Customs Service and a consortium, Trade Modernisation Project Limited, signed a concession agreement worth $3.2bn. This is to…
Why Elon Musk’s Starlink Is A Big Deal For Nigeria
Elon Musk announced via a tweet that the government of Nigeria has approved Starlink as an Internet Service Provider. Starlink…
Australia Power Crisis Forces Manufacturers To Eye Offshore Moves, Production Cuts
Australia’s biggest building materials manufacturers are cutting back operations, hiking prices and considering moving production offshore. This is to manage…
U.S. Factories Pop Up To Make Medical Gloves, Spurred By Pandemic
Rising from a muddy field on the outskirts of the small town of Fayette. Alabama is a bricks-and-mortar symbol of…
Traders List Reasons Why Prices Of Rice, Onions, Cooking Gas Rise Every Week
The price of local rice, onions, cooking gas, pepper, and other staple food items has significantly increased. The survey considered…
U.S. Labor Market Remains Right; Business Activity Slowing By Lucia Mutikani
The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight,…
Seven Communities Benefit From Ogun Resettlement Scheme-Nigeria.
The Ogun State government has said that seven communities in Agbara/Igbesa, Ado-Odo/Ota Local Government Area of Ogun State have received…
Musk Says Tesla’s New Car Factories ‘Losing Billions Of Dollars’
Tesla Inc’s (TSLA.O) new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase…
U.S. Bans Sales Of Juul E-Cigarettes, Company To Seek Stay
Sales of Juul e-cigarettes were jam by the U.S. Food and Drug Administration; in a major blow to the once…
U.S. Stocks Rise As Yields Hit Two-Week Low; Copper Falls
Stocks on Wall Street rose on Thursday as U.S. Treasury yields fell to a two-week low, while copper was at…
Hedge Fund Citadel To Move Headquarters To Miami From Chicago
Citadel, the $51 billion hedge fund founded by billionaire investor Ken Griffin, is moving its global headquarters to Miami from…