Anxiety As CBN Raises Customs Exchange Rate For Cargo Clearance To N404.97/ $1
There was uneasy calm at the nation’s seaports on Tuesday following an increase in the…
Category: Business
Bitcoin Fall Has Strategists Eyeing Possible Drop To $20,000
Another bad week for Bitcoin could be a precursor of more pain to come, according…
FG: AfCTA To Boost Africa’s Exports By $560bn
When fully operational, the African Continental Free Trade Area (AfCFTA) agreement will boost exports in…
Year-End Euro To Dollar Target Maintained At 1.1500 On Dollar Rebound: Nordea
Nordea: Risk of Inflation Misread on US Jobs Data, Year-End Euro to Dollar Target Maintained…
CBN Increases Forex Allocations To Banks
The Central Bank of Nigeria on Sunday announced an increase in foreign exchange allocations to…
Sovereign Defaults Hit Record In 2020; More Are Possible
Fitch Ratings-London-08 June 2021: The sovereign issuer-based default rate rose to a record high in…
CBN’s Pro-Growth Stance, Is The Right Decision
The Central Bank of Nigeria’s Monetary Policy Committee’s recent decision to keep all policy rates…
Yuan Edges Higher In Thin Trade, Market Awaits U.S. Inflation Data
China’s yuan firmed against the dollar in thin trade on Wednesday, with the market’s focus…
Bank Of England’s Haldane Says UK Housing Market Is On Fire
Britain’s housing market is “on fire” thanks to government incentives for buyers, more demand from…
Nigeria Loses Billions Of Naira Over Deficient Dry Dock Facilities
Despite controlling about 70 per cent of shipping and international trade in West and Central Africa,…
FG Loses 50% Vehicle Import Duty, Levies To Smugglers – Report
The federal government is losing billions of naira in duties payable on imported vehicles as…
The FBI likely exploited sloppy password storage to seize Colonial Pipeline bitcoin ransom
The FBI’s breach of a bitcoin wallet held by the cyber criminals who attacked Colonial…
Sterling Eases Vs Dollar, UK Reopening Eyed
Sterling eased against a broadly stronger dollar on Tuesday, with no significant data releases on…
Nigeria Immigration Reopens Passport Application Portal
The Comptroller General of the Nigeria Immigration Service (CGI), Muhammad Babandede, has announced the reopening…
Counting The Gains Of CBN’s Funding Interventions For MSMEs
The gains of the Micro, Small and Medium Enterprises Development Fund (MSMEDF) driven by the…
Patronise CBN-Licensed BDCs, ABCON Charges Customers
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised foreign exchange users and…
Report: Electronic Payment Transactions Increased By N80bn To N21trn In May 2021
Transactions through electronic payment (e-payment) channels increased by N80 billion to N21.27 trillion in May…
Nigeria’s Devaluation Won’t Fix Managed-Float Woes
Nigeria’s naira devaluation in May is unlikely to be the last and won’t fix the…
Nigeria Naira Slides Past 500/Dlr On Black Market, Trading Volumes Drop
Nigeria’s naira slid past 500 per dollar on the black market on Monday to a…
Cramer’s Lightning Round: I Prefer Moderna Stock Over Novavax
Novavax: “I have to tell you even after today’s run in Moderna, I still prefer Moderna’s…
Jim Cramer says Yellen’s interest rate comments ‘spooked the market’
CNBC’s Jim Cramer blamed Monday’s stock market decline on messaging from the head of the…
AMC insider selling picks up as meme stock rises amid retail wave
Insider selling activity at AMC Entertainment ramped up like never before during the recent explosive rally driven…
Marc Benioff reveals investment in SpaceX, but says he’d need ‘a couple of Ativans’ to leave Earth
Salesforce CEO Marc Benioff said Monday that he’s bullish on space, noting that he’s an investor in Elon Musk’s SpaceX…
Goldman Sachs survey shows Asian hedge funds really don’t like bitcoin
Asian hedge funds may not be as bullish on bitcoin compared to their peers in…
Here are Cowen’s favorite ways to play the renewable future
The so-called clean-tech universe is attracting more dollars as investors bet on the energy transition,…
Interactive Brokers founder: Don’t short AMC, meme stocks — they can soar to ‘unimaginable highs’
Interactive Brokers founder and Chairman Thomas Peterffy on Monday issued a warning to investors betting against…
3 things investors should know before Stitch Fix reports third-quarter results on Monday
Investors are preparing for what could be another roller coaster in Stitch Fix shares when the online…
Kroger to hire 10,000 workers across its grocery brands
Kroger announced Monday that it will hold a hiring event on Thursday to fill 10,000 jobs…
Stitch Fix shares soar as sales top estimates, styling service raises full-year outlook
Stitch Fix shares soared Monday after the online shopping and styling service reported a narrower-than-expected loss…
Deutsche Bank Warns Of Global ‘Time Bomb’ Coming Due To Rising Inflation
Inflation may look like a problem that will go away, but is more likely to…