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Nigeria’s CBN Retains Key Policy Rate
The bank says increasing the rate will hinder the recovery of the economy, while an expansionary policy will make…
MPC Likely To Hold Rates
The monetary policy committee (MPC) meets today and tomorrow. At its last meeting held in May,…
Naira Stable At Official, Black Markets
The naira closed at N504.00 per $1 on Monday.
Naira maintained stability against the U.S dollar at…
External Reserves Gain $76.5 Billion In Seven Days
In a curious twist of fate last week, there was a breather for the falling foreign exchange reserves. The figures…
Bitcoin Briefly Tops $40,000 For First Time Since June As Cryptocurrency Rallies…
Bitcoin surged above $40,000 for the first time in nearly six weeks on Monday as sentiment turned bullish following…
Housing Boom Is Over In United State As New Home Sales Fall To Pandemic Low
Sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic in…
After Crypto Market Woes, Central Bank Of Nigeria Considers ENaira Launch Oct
There are key expectations for the eNaira currency to be launched by the Central Bank of Nigeria (CBN) this October…
External Reserves Gain $76.5 Billion In Seven Days
In a curious twist of fate last week, there was a breather for the falling foreign exchange reserves. The figures…
VAT, Multiple Taxations Undermine Stock Market Performance
Barely two years after the resumption of Value Added Tax (VAT) to the stock market, investors have returned about…
After $4 Billion In Losses, Heathrow Tells UK To Open Up Travel
London's Heathrow Airport urged Britain to open up travel to vaccinated passengers after its recovery fell behind…
Three Stocks That Are Grabbing Our Attention
United Capital Plc is a leading financial services Group in Africa focused on leveraging technology to empower…
Stock Market Rebounds With N376bn Weekly Gain
Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week…
Virtual Events Platform Eventtus Is Acquired By US Firm Bevy
Egyptian virtual events platform, Eventtus has been acquired by Bevy, a Silicon Valley-based company that…
Africa-Focused Credit Fund, BluePeak, Hits The First Close Of Its Maiden $200…
Africa-focussed alternative asset management firm BluePeak Private Capital has hit the first close of its maiden…
Egypt-Based Elmenus Raises US$10 Million In A Pre-Series C Round
Elmenus, an Egyptian food discovery and ordering platform, has secured US$10 million in a new funding round from…
CBN Disburses N97.8b For Healthcare Projects
The Central Bank of Nigeria (CBN) has disbursed N97.8 billion out of the N100 billion lifeline it approved for the…
Ecobank Announces Zero Fees For Transactions On Rapidtransfer
In commemoration of this year’s National Diaspora Day event, Ecobank Nigeria is joining the rest of the country to…
N1.3tn Laundered Between 2011 And 2015 – Report
A civil society, YIAGA Africa has disclosed that Nigeria lost at least $582 billion to endemic corruption since…
OPEC+ Set To Meet As Cartel Edges Toward End Of Standoff
OPEC and its allies will meet on Sunday, the latest sign that a bitter standoff between Saudi Arabia and the United…
Nigeria’s Inflation Rate Slows To 17.75% In June – Third Consecutive Decline…
The consumer price index (CPI), which measures the rate of change in prices of goods and services, dropped to 17.75…
Pound Recoups Early Losses On Signs Of Hawkish Turn At BOE
Sterling reversed earlier losses on Thursday and moved higher after Bank of England policymaker Michael Saunders…
FCMB Limited Appoints Mrs. Oluwatoyin Olaiya As Executive DIrector, RIsk &…
The Board of Directors of First City Monument Bank Limited (the Bank) have announced the appointment of Mrs.…
World Bank Trims East Asia, Pacific GDP Forecast Amid COVID-19 Concerns
Growth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said…
Record-Low Rates Spur Australia M&A Frenzy In 2021
Australia is seeing a flurry of deal-making so far this year, as record-low interest rates have given institutional…
Asian Shares Find Support As Powell Shrugs Off Inflation
Asian shares held firm on Thursday after Federal Reserve Chair Jerome Powell said the U.S. economy was "still a…
Exclusive Twitter Sees Jump In Govt Demands To Remove Content Of Reporters, News…
Twitter Inc (TWTR.N) saw a surge in government demands worldwide in 2020 to take down content posted by journalists…
China’s Economy Grows Slower Than Expected In Second Quarter
China's economy grew more slowly than expected in the second quarter, as tepid manufacturing activity, higher raw…
China’s Economic Recovery Loses Some Steam, Investors Eye More Policy Easing
China's economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material…
South African Rand Becomes The Currency To Short As Risks Grow
Deadly riots. Sky-high unemployment. A surge in virus infections. Add to that rising U.S. inflation and prospects…
Ponzi Schemes Flourish In Nigeria’s Declining Economy
I want to introduce you to one of the biggest investment platforms in Nigeria, RackSterli,” the pop star Davido…