HSBC Won’t Offer Bitcoin, Crypto Service To Wealthy, Reuters Says
Signage for HSBC Holdings Plc headquarters is displayed on the building that houses its headquarters…
Category: Business
CBN Sustains Weekly Dollar Sales To BDCs
The Central Bank of Nigeria has continued to fund bureaux de change (BDCs) segment of…
Currency In Circulation Dips By N10bn
Currency in circulation dropped by N10bn from N2.81tn as of the end of March to…
12 Nigerian Banks Lend Customers N690bn In Three Months
The combined loan portfolio of 12 commercial banks in Nigeria rose by N690bn in the…
Nigeria Devalues Naira On Migration To Single Exchange Rate
Nigeria’s central bank devalued the naira by 7.6% against the dollar as authorities in Africa’s…
Oil Climbs With Iran Saying Differences Remain On Sanctions Deal
– Oil climbed to the highest level in nearly a week after Iran said that…
Foreign Affairs Minister Charges Diplomats To Change Narrative About Nigeria
Minister of Foreign Affairs, Geoffrey Onyema has charged officials of the ministry to change the…
African Currencies Week Ahead: Kenyan, Ugandan And Zambian Units Seen Under Pressure
NIGERIA – Nigeria’s currency is seen closing range-bound within 408 naira to 412 naira per…
Africa’s Oil Conference Set To Leave Cape Town For Dubai In 2021
Africa Oil Week, the continent’s annual industry conference, may relocate to Dubai this year from…
Treasury Yields Dip Slightly To Start The Week
U.S. Treasury yields drifted lower on Monday morning, with little economic data due out at…
John Malone Sees Merged WarnerMedia-Discovery Becoming No. 3 Global Streamer Behind Netflix, Disney+
The blockbuster WarnerMedia-Discovery deal is especially good news for HBO Max, billionaire media mogul John Malone told…
Cramer Is Bullish On Deere Because Of The Big Agricultural Cycle Playing Out
CNBC’s Jim Cramer is bullish on Deere after the company reported strong fiscal second-quarter results last Friday.…
Op-ed: Facebook’s Nick Clegg Calls For Bipartisan Approach To Break The Deadlock On Internet Regulation
Around the world, lawmakers are writing the new rules of the internet. In Europe, India,…
Fed’s Lael Brainard Pushes Digital Dollar As Central Bank Currency Race Heats Up
Federal Reserve Governor Lael Brainard pressed the case for a digital dollar, saying Monday that…
Here’s How To Get $100,000 In Annual Tax-Free Income During Retirement
t’s a sure bet that no one — regardless of age — enjoys handing over…
Bitcoin Rebounds After A Wild Weekend That Took It Below $32,000
The crypto market edged higher Monday after a week of hell during which billions of…
Verizon Offers Free Apple Arcade And Google Play Plus For Select Unlimited Subscribers
Verizon said it is giving away six- and 12-month subscriptions to Apple Arcade and Google Play Plus as it adds…
From Driverless Cars To Robotic Warehouses, China Looks To Automation To Solve Population Issues
GUANGZHOU, China — Qin Jiahao has been working at Chinese e-commerce giant JD.com’s logistics operations for around six years. Now…
There Could Be Another Reason Behind Nvidia’s Stock Split
Nvidia announcing a 4-for-1 stock split on Friday could have some significant ramifications. Just like with…
WarnerMedia Deal Will Hold Back Discovery’s Stock, MoffettNathanson Says In Downgrade
Discovery took a big swing in striking a deal with AT&T to merge with WarnerMedia, but shareholders will…
Wall Street Banks Reveal How To Trade The $60 Trillion ‘Green’ Boom
A number of so-called green and socially-responsible stocks have big potential, according to analysts from…
Bernstein Double Upgrades Beyond Meat, Says Buy The Dip On This Reopening Play
It’s time for investors to buy the dip in Beyond Meat to take advantage of a coming…
Wells Fargo Sees Little Upside For Tesla Shares From Here With Stock Pricing In Big Expectations
Tesla’s stock still looks pricey even after a recent pullback and long-term concerns could limit…
Goldman Starts Coinbase With A Buy Rating And Says The Stock Can Jump More Than 30%
Investors should ride through volatility in the crypto space by buying shares of Coinbase, according to…
Fragile Nigerian GDP Recovery Means Interest Rate Could Stay Put
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our…
CEE MARKETS-Crown Firms, Other FX Up As Weak Dollar Stays Weak
Central European currencies edged up on Monday, with the Czech crown testing a fresh14-month-and-a-half high…
Pound Pinned Near $1.42, Address By BoE Quartet Awaited
Britain’s pound held in a tight range on Monday, trading just shy of $1.42 as…
Dollar Stuck Near 3-Month Lows, Bitcoin Struggles
The dollar was pinned near three-month lows against a basket of major currencies on Monday,…
Econet Founder Strive Masiyiwa Becomes Britain’s First Black Billionaire
Econet founder, Strive Masiyiwa, has been named Britain’s first black billionaire. Masiyiwa, who is based…
Foreign Reserves Down $790m
Nigeria’s foreign exchange reserves have depreciated by $790 million despite the rise in crude oil…