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Bitcoin, Fiat Currencies Unnerved Even As Goldman Ditches Short USD Trade
Investment banking giant Goldman Sachs’ latest decision to retract from its bearish view on the U.S. dollar is…
Asian Shares Ease From Three-Week Highs, Dollar Retreats
Asian shares pulled back from a three-week high on Wednesday, dragged lower by Chinese stocks, though investors…
$2bn FX Backlog: Experts Suggest Way Out
FOLLOWING an estimated $2 billion unmet Foreign Exchange (FX) demand, finance and economic experts have expressed…
IEA Sees Drop In Nigeria’s Crude Oil Capacity By 2026
The International Energy Agency (IEA) forecasts that crude oil capacity in Nigeria will drop by 200,000 barrels to…
CANADA FX DEBT-Canadian Dollar Notches 2-Week High As Risk Appetite Climbs –
The Canadian dollar advanced
against its broadly weaker U.S. counterpart on Monday as robust
U.S. economic data…
ADQ To Acquire Egypt’s Amoun Pharmaceutical Company
The UAE’s ADQ, one of the region’s largest holding companies plans to acquire Amoun Pharmaceutical Co. from…
SaltPay To Acquire Apis Partners-Controlled Tutuka; PE To Swap Stake
European payments firm SaltPay has inked a deal to acquire South Africa-born third-party payments enabler…
Airtel Africa Sells $200M Mobile Money Business Stake To TPG’s Rise Fund
In February, London-listed telecom Airtel Africa said it was looking to sell a minority stake in its mobile money…
Sweden To Bring In Banks In Next Stage Of E-Krona Project
Sweden’s central bank will bring in banks in the coming year to test how its proposed digital currency - the…
Europe’s STOXX 600 Hits Record High On Global Recovery Optimism
Europe’s benchmark equity index hit a record high on Tuesday, recovering all of its pandemic-driven losses as…
Stocks Scale Fresh Peak As U.S. And China Lead Recovery
Stocks hovered near a record high on Tuesday, supported by strong economic data from China and the United States,…
Sterling Bank Reports N12.4bn Profit
Sterling Bank Plc, a full service national commercial bank, said it recorded N12.4bn profit before tax in the…
Dolce & Gabbana CEO Denies Talks With Kering Over Possible Tie-Up-Paper
Dolce & Gabbana is not in talks with French luxury group Kering over a possible tie-up, the chief executive of…
Payment Giant Stripe Expands To Middle East With Dubai Office
- Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial…
Credit Suisse To Reveal Losses From Archegos; 2 Execs To Depart: Sources
Credit Suisse Group AG will on Tuesday detail losses from its relationship with Archegos Capital Management LP…
Dollar Drops With U.S. Yields Despite Strengthening U.S. Recovery
The dollar sank to an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with retreating…
Nigeria Moved Out Of Recession Earlier Than Expected – World Bank
In its latest Africa Pulse Report for April 2021 titled, ‘COVID-19 and the Future of Work in Africa: Emerging…
Bank Of Canada Finds Inflation Target Preferred To Alternatives
Most Canadians prefer the Bank of Canada’s existing inflation targeting mandate to any other alternative…
Bitcoin Booms In Nigeria As Naira Flags
When Nigerian office worker Chigoziri Okeke bought cryptocurrency for the first time in 2016, he was only looking…
Shippers’ Council Moves To End Indiscriminate Boarding Of Vessels
The implementation of the Nigerian Ports Process Manual (NPPM) has recorded some progress with the decision to stop…
OPEC+ Decides To Gradually Curb Output Cuts As Demand Concerns Persist
A group consisting of some of the world’s most powerful oil producers on Thursday decided to gradually curb…
Global Banks Warn Of Market Chaos If Court Were To Abolish Libor
Some of the world’s biggest banks are urging a U.S. judge not to immediately terminate Libor after a group of…
China’s Central Bank Warns Of Financial Risks, Including Potential Defaults
BEIJING — China’s central bank warned on Thursday of financial risks in the country that have accumulated over the…
External Reserves Lost $178m In March – CBN
The country’s foreign reserves continued its downward trend, losing $178m in March, figures obtained from the…
CBN Warns Against Abuse As MFBs Float Liquidity Placement Platform
To address the short-term liquidity challenges in the sub-sector, microfinance banks in Nigeria, in collaboration…
Diaspora Nigerians with expired passport can now travel home – NIS boss
Comptroller General of Nigeria Immigration Services Muhammad Babandede has disclosed that diaspora Nigerians who…
South Africa’s MTN, Looking to Build a Monopoly, Blocks Access to USSD Services…
Fresh off its hiking of transfer charges on USSD and just over a year after the Nigerian government somewhat…
Dollar Consolidates Q1 Gains With Biden’s Spending Plan
Backed by a $2 trillion U.S. government spending plan, the dollar consolidated its first-quarter gains on Thursday,…
Investors Have Committed N100bn Into Our Oil Palm Sector – Edo
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday disclosed that the Federal…
Bank Of Canada Governor Sees ‘Worrying’ Signs In Housing Market
The Bank of Canada is seeing “worrying” signs that some Canadians are taking on too much debt to buy into the…