Currency Dealers Warn Against Forex Speculation
The Association of Bureau De Change Operators of Nigeria (ABCON) has attributed the pressure facing…
Category: Business
Crypto Recovery Stalls As Miners Eye Exits
Cryptocurrencies fought to find a footing on Monday after even weekend cheerleading from Tesla boss…
FX Speculators Walk A Tightrope
Currency speculators, who have in the past week engaged in an aggressive ‘stocking’ of the…
Stocks, Bonds, Naira Head South
THERE are indications that last week witnessed bearish sentiments in the trio of stock, fixed…
Banks USSD Debts To Telcos Hit N47 Billion
The total debts owed by banks to telecommunications service providers arising from the use of…
52 Million Crude Oil Barrels Lost To OPEC Cuts – NNPC
Abuja — Nigeria lost at least 52 million barrels of crude oil between May and…
Nigeria’s First Deep Seaport Reaches 51% Completion
Nigeria’s first deep seaport project, the Lekki Deep Sea Port, promoted by Lekki Port LFTZ…
New Finnish Finance Minister Promises Continuity When She Takes Office Next Week
Annika Saarikko, the leader of Finland’s Centre Party who will take over as finance minister…
C.Banks In Ghana, Kenya And Nigeria To Keep Rates Steady Next Week
Central banks in Ghana and Kenya will keep interest rates on hold next week to…
U.K.’S Patel To Unveil Post-Brexit Overhaul Of Immigration
U.K. Home Secretary Priti Patel is set to announce a “wholesale” reform of the nation’s…
Nigeria Economic Growth Picks Up As Oil And Factory Output Rise
Nigeria’s economic growth quickened in the first quarter as oil output started to recover and…
Bitcoin Resumes Selloff Over Weekend, Falls Below $32,000
The bitcoin selloff continued Sunday following a roller-coaster week of trading, as authorities in China and the…
NNPC Reverses Full Deregulation, Remits Zero Revenue At April FAAC
Nigerians may heave a sigh of relief, as the impact of full deregulation of petroleum products…
Consolidation In FX May Be Welcome Given The Volatility Elsewhere
The reluctance of the Federal Reserve officials to signal a recalibration of policy given the…
PBOC Says It Will Maintain Exchange Rate ‘Basically Stable
China’s central bank said it will maintain the exchange rate of the yuan at “basically…
Nigerians Kick Against NCC Plan For Phone ID Warehouse
Nigerians have in their numbers voiced opposition against the Nigerian Communications Commission’s plan to obtain…
NBS’ Q1 Results: Rewane, Others Differ On Economic Growth
As the headline inflation for April drops by 0.5 per cent to 18.12 per cent…
White House Makes $1.7 Trillion Infrastructure Counteroffer — But Republicans Say Sides Now Seem Further Apart
WASHINGTON — White House aides working on a bipartisan infrastructure deal made a counteroffer on…
Stocks could be volatile in week ahead amid turbulence from cryptocurrency
The trading pattern of the past two weeks – particularly alongside cryptocurrency’s movements – suggests…
Forex Speculators To Lose N100bn As CBN Sustains Funding For BDCs
Foreign exchange speculators will lose over N100 billion in the next month as the Central…
Wealth Fund That Quadrupled Profits Now Pivots With Bet On Europe
One of Africa’s largest sovereign wealth funds rode the wave of U.S. technology stocks to…
Nigeria Governors Call For Full Deregulation Of Fuel Prices
Nigeria’s governors have called for a full deregulation of the country’s downstream oil sector so…
African Financing Faces Mounting Challenges
International banks are increasingly reluctant to commit to African projects, although domestic banks are growing…
Naira Sells For N411.31/$1 At I&E As Cryptos Recover
Despite a drop in the demand for FX at the Investors and Exporters (I&E) window of the…
EU Disburses €10m To Combat Human Trafficking In Nigeria
The European Union (EU) says it has invested 10 million euros in Action Against Trafficking…
China Should Let Yuan Rise To Offset Imported Price Rises, C.Bank Official Says
China should let its yuan currency strengthen to help offset the impact of rising import…
CNY: Hints Of A PBoC Change In FX Policy Priorities?
A central bank official has today proposed that China should let the yuan appreciate to…
Nigeria’s Biggest Data Center To Double Capacity On Demand Surge
Nigeria’s biggest data services firm, MainOne Cable Co., plans to almost double storage capacity over the…
IMF Pushes G20 States To Back $50bn Global Mass Vaccination Drive
Wealthy nation backing for a $50bn (£35bn) mass global vaccination drive could provide a $9tn boost…
Hong Kong To Restrict Crypto Exchanges To Professional Investors
Cryptocurrency exchanges operating in Hong Kong will have to be licenced by the city’s markets…