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Day: August 19, 2022

ENaira Records 200,000 Users, N4bn Transactions Value – Emefiele
Local

ENaira Records 200,000 Users, N4bn Transactions Value – Emefiele

The Central Bank of Nigeria (CBN), digital currency, eNaira has recorded 200,000 volumes; and four billion Naira value of transactions…

byakintundeAugust 19, 2022August 19, 2022
FG Spends N18.397bn On Petrol Subsidy Daily –Minister
Local

FG Spends N18.397bn On Petrol Subsidy Daily –Minister

The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2022; grilled the…

byakintundeAugust 19, 2022August 19, 2022
Bitcoin Drops For Fourth Straight Day On US Fed’s Hawkish Stance.
Crypto

Bitcoin Drops For Fourth Straight Day On US Fed’s Hawkish Stance.

Bitcoin and many crypto assets fell for a fourth straight day as investors continued to be perplexed by recently released;…

byakintundeAugust 19, 2022August 19, 2022
Nigeria’s Inflation Rate Ballooned By 170% Under President Buhari In 7 Years.
Local

Nigeria’s Inflation Rate Ballooned By 170% Under President Buhari In 7 Years.

Nigeria’s consumer price index (CPI), which is use to measure the level of inflation in the country has risen by…

byakintundeAugust 19, 2022August 19, 2022
Valereum To End Bitcoin Mining To Focus On Gibraltar Exchange.
Technology

Valereum To End Bitcoin Mining To Focus On Gibraltar Exchange.

Blockchain company Valereum (6TJ.SG) said it was selling its bitcoin mining assets to Vinanz Ltd; for a 24% stake in the company…

byakintundeAugust 19, 2022August 19, 2022
Sterling Struggles As Inflation Outlook Sours Mood.
Currency

Sterling Struggles As Inflation Outlook Sours Mood.

The British pound weakened against the dollar after policy minutes from the Federal Reserve boosted the U.S. Currency and traders…

byakintundeAugust 19, 2022August 19, 2022
Swiss Gold Exports To China Surge To 5-1/2-Year High.
Europe

Swiss Gold Exports To China Surge To 5-1/2-Year High.

 Swiss exports of gold to China in July rose to their highest since December 2016, Swiss customs data showed on…

byakintundeAugust 19, 2022August 19, 2022
Vietnam Orders Tech Firms To Store User Data Onshore.
Technology

Vietnam Orders Tech Firms To Store User Data Onshore.

Vietnam’s government has ordered technology firms to store their users’ data locally; and set up local offices, its latest move…

byakintundeAugust 19, 2022August 19, 2022
EUROPE POWER Rising German Solar Supply Weighs On Spot Prices.
Europe

EUROPE POWER Rising German Solar Supply Weighs On Spot Prices.

European spot power prices fell as German solar supply is seen rising; while French nuclear availability increased. German baseload power…

byakintundeAugust 19, 2022August 19, 2022
Blame Policymakers, Lawmakers For Oil Price Rises, OPEC Sec Gen Says.
Energy

Blame Policymakers, Lawmakers For Oil Price Rises, OPEC Sec Gen Says.

 Policymakers, lawmakers and insufficient oil and gas sector investments are to blame for high energy prices, not OPEC, Secretary General…

byakintundeAugust 19, 2022August 19, 2022
Russian Mobile Operator MTS Reports 36% Drop In Q2 Net Profit.
Technology

Russian Mobile Operator MTS Reports 36% Drop In Q2 Net Profit.

Russia’s biggest mobile operator MTS reported a 36.4% drop in second-quarter net profit from the same period last year; as…

byakintundeAugust 19, 2022August 19, 2022
Asset-Backed Stablecoin, HUSD, Loses Peg, Drops To $0.92.
Crypto

Asset-Backed Stablecoin, HUSD, Loses Peg, Drops To $0.92.

The HUSD stablecoin, which touts to be a “secure, reliable, and fiat-collateralized stablecoin, that combines the stability of the US dollar…

byakintundeAugust 19, 2022August 19, 2022

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