Sterling Steadies After Strong Retail Sales Data; PMIs In Focus
The British pound was steady in early trading on Friday, on track for a weekly…
Category: Business
China Will More Than Double Millionaires By 2025, HSBC Says
Pedestrians walk past a Prada SpA store in the Wangfujing shopping area of Beijing, China,…
Bitcoin’s Claim Of Rivaling Gold As Portfolio Hedge Loses Luster
ISTANBUL, TURKEY – APRIL 16: A woman uses a bank ATM next to a…
Nigeria Has World Bank’s Largest Portfolio Of More Than $12b, Says Malpass
World Bank Group President David Malpass and Vice President for Western Africa, Ousmane Diagana, in…
Nigerians To Pay N234 Billion Taxes Monthly With Petrol At N385 Per Litre
Tougher times are here and any pretension to the contrary has been ripped to shreds…
Nigeria To Release Swiss Ship Seized Three Years Ago
The Federal Government has agreed to release the Swiss-flagged San Padre Pio oil tanker that…
WorldRemit Reaffirms Commitment To CBN’s Naira 4 Dollar Scheme
Global cross-border payment company, WorldRemit, has said it would continue to reward customers who receive…
Another Month, Another Good Auction For The DMO
The DMO held its monthly auction of FGN bonds on Wednesday. It offered its regular…
FG Nabs Black Market Airline Operator, Vows Clampdown
Following recent complaints on activities of illegal operations by private jet owners in Nigeria, federal authority has disclosed that…
FOREX-Dollar Set For Weekly Loss As Taper Fears Subside; Crypto Bounce Loses Steam
The dollar hovered around recent lows on Friday and was set to notch a modest…
How U.S. Government Paper Currency Began, And How Private Banknotes Ended
A couple months ago, in arguing that “The Fed should give everyone a bank account,” journalist Matt…
Remittance: FBNQuest Backs CBN’s Extension Of Incentives
Analysts at FBNQuest Research have expressed support for the Central Bank of Nigeria (CBN)’s extension…
Why Immigration Suspended Passport Production
Overwhelmed by the plethora of demands by Nigerians desirous of leaving the country and pressured…
Nigerians To Submit Phone IDs In Three Months, Says NCC
The Nigerian Communications Commission has said Nigerians will have to submit the International Mobile Equipment…
Experts Carpet CBN, Say Serial Naira Devaluation Threatens Economy, Nigerians
Financial experts have decried the continuous devaluation of the naira by the Central Bank of…
Treasury Calls For Crypto Transfers Over $10,000 Reported To IRS
The U.S. Treasury said the Biden administration’s proposal to strengthen tax compliance includes a requirement…
A Welcome Extension Of The Incentive For Remittances
The CBN has extended its “Naira 4 dollar scheme” until further notice, and will be…
Bitcoin cuts gains and briefly turns negative amid regulation fears
Bitcoin pared its gains and briefly dipped into negative territory on Thursday amid news that the…
Snap announces new Spectacles AR glasses that let you overlay digital objects on the real world
Snap on Thursday announced a new version of its Spectacles smart glasses. They use augmented reality,…
Snapchat users will be able to tip popular creators later this year
Snapchat users will be able to tip high-profile creators through the app’s chat function later…
Bitcoin’s Wild Price Moves Stem From Its Design — You’ll Need Strong Nerves To Trade It
So you want to play in crypto and become a millionaire overnight? Brace yourself for…
Cathie Wood Buys More Coinbase Amid Crypto Plunge
Ark Invest’s Cathie Wood is buying more shares of Coinbase amid the spiral in crypto prices. The…
UBS Upgrades Chipotle To Buy, Says Stock Can Jump 30% From Here
Chipotle Mexican Grill should benefit from the economic reopening while also holding on to increased digital…
Dogecoin Jumps After Elon Musk Tweet Fans More Wild Cryptocurrency Trading
The price of dogecoin spiked Thursday morning after Tesla CEO Elon Musk mentioned the coin on Twitter,…
JPMorgan Chase Launches New Health-Care Business After Winding Down Amazon-Berkshire Venture
JPMorgan Chase is going it alone. After the health-care joint venture formed by Amazon, Berkshire Hathaway and the biggest…
As Bitcoin Lurches, Wall Street Plots Its Way Into Cryptoland
CRYPTO BUFFS have had a punishing week. On May 13th Tether, which issues a “stablecoin”…
UK Pubs And Restaurants Enjoy ‘Ringing Tills’ After COVID Rules Relax
Spending at British pubs and restaurants has surged since coronavirus rules were relaxed on Monday…
Sterling Edges Up Against Easing U.S. Dollar
Sterling edged up against the dollar on Thursday, trading above the $1.41 mark as analysts…
Now What Does Bitcoin Say About The Dollar And The US?
Overview: A setback in commodities and technology are roiling equity markets today. The inability of US…
Dollar Advances As Fed Minutes Open Door To Future Taper Talks
The dollar gained ground on Wednesday, snapping a four-day losing streak and bouncing off a…