Forex, Border Control Soar Prices Of Fairly Used Cars`
The prices of fairly used cars known as ‘Tokumbo’ have skyrocketed due to tight border control and soaring exchange rates.…
Category: Business
Indian Farmers Squat On Railway Tracks To Mark Four Months Of Protests
Dozens of farmers squatted on railway tracks in northern India on Friday, disrupting traffic to mark four months of a…
Suez Blockage Sets Shipping Rates Racing, Oil And Gas Tankers Diverted Away
Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and…
UK Retail Sales Rise 2.1% In February
British retail sales rose by 2.1% in February from January even as non-essential shops remained in a coronavirus lockdowns, official…
Deutsche Bank CEO Willing To Give Up Investment Bank Oversight Role
Christian Sewing, chief executive officer of Deutsche Bank, is willing to give up his role overseeing the investment bank in…
Bitcoin Tumbles 7%, Pushing It Near $50,000 Threshold As Retail-Investor Interest Wanes
Bitcoin fell on Thursday by as much as 6.7%, to $50,440.17, as retail-investor interest slipped and the options market triggered…
China’s Yuan Dips As Dollar Draws Strength From Recovery Hopes
The yuan dipped to a two-week low on Thursday as brighter U.S. economic prospects continue to bolster the dollar, chipping…
Africa Is Ripe With Enough Innovation To Finance Its Future
If anything would increase a country’s chances of attaining economic independence, it is financial inclusion. With access to financial products and…
CBN Disburses N1.487tr To Boost Food Security
The Central Bank of Nigeria (CBN) has disbursed N1.487 trillion under its various agricultural programmes to boost food security. Its…
Nigeria’s Crackdown On Bitcoin Echoes Global Crypto Conundrum
Lagos, Nigeria – When the Central Bank of Nigeria (CBN) issued a circular in early February warning banks and financial institutions…
Exporters Fault Cargo Suspension At Lagos Ports
Nigerian exporters have expressed their disappointment with the Nigerian Ports Authority’s temporary suspension of export at the Lagos Ports Complex…
UK Card Payments Recover Towards Pre-COVID Levels: ONS
Spending on credit and debit cards during the week to March 18 stood at 81% of its February 2020 pre-lockdown…
Mastercard Battles Return Of $19 Billion UK Class Action
A specialist London court will this week re-consider allowing an historic 14 billion pound ($19 billion) class action against Mastercard…
Here’s Why Investment-Interest In Eko Atlantic Is High Despite Economic Slowdown, Land Price
At a time when many developments are struggling to get off ground as a result of Covid-19 impact and general…
Oil Falls As Demand Concerns Trump Suez Canal Disruptions
Oil prices fell more than 2% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug…
Westpac Could Lead Australian Exit From New Zealand Banking
Westpac Banking Corp’s potential spin-off of its New Zealand unit due to tighter regulation could see some of the other…
Asian Stocks Trip On China Tech Woes, Some Cyclical Shares Bought
Asian equities bounced between gains and losses on Thursday as a selloff in Chinese technology shares due to concerns they…
Asian Shares Wobble In Volatile Trade As China Tech Selloff Weighs
Asian equities bounced between gains and losses on Thursday as a selloff in Chinese technology shares due to concerns they…
Chinese Tech Stocks Fall As U.S. SEC Begins Rollout Of Law Aimed At Delisting
Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would…
COLUMN-Central Banks Left Flat-Footed By Flexible Fed: Mike Dolan
This time it is probably different – or at least for monetary policymakers and markets trying to track them. Fuzzier…
Tesla Now Accepts Bitcoin As Payment For Cars, Musk Says
Having stunned the market with its audacious bet on Bitcoin earlier this year, Tesla Inc. will now start accepting the world’s largest electronic currency…
Insecurity Worsens Nigeria’s Inflation – CBN Boss, Emefiele
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has said that the country’s rising inflation was due to…
Cash Is King For Emerging Nations Facing Spike In Funding Costs
Cash is king may well be the mantra for emerging markets this year. With the relentless increase in Treasury yields…
NPA Suspends Export Receipts At Lagos Ports, Clamps Down Illegal Jetty Operators
Nigerian Ports Authority (NPA) has announced two weeks suspension of export receipts at Lagos seaports and all satellite truck parks, with…
Warnings As Crypto, Digital Yuan Fraudsters Run Wild In China
Chinese media outlets are reporting a sharp rise in bogus crypto, blockchain and digital yuan-related schemes in the country, as bitcoin (BTC) prices…
Oil Resumes Advance Alongside Broader Market Rally
Oil resumed gains alongside a broader market rally and after a weekly U.S. inventory report showed signs of an uptick…
Tugs Work To Free Giant Container Ship Stranded In Suez Canal
The shortest shipping route from Europe to Asia remained blocked on Wednesday as eight tug boats struggled to free one…
Yuan Going Global: China Tests Its Digital Currency On E-Commerce Platforms
As part of a push to internationalize the yuan, China has been testing its digital currency on trading platforms around…
Bank Of Canada Sees More Investor Activity, Flipping In Housing -Deputy Governor
The Bank of Canada is seeing evidence of investor activity and “a lot more flipping” in some Canadian housing markets…
Naira 4 Dollar: Nigerians In Diaspora Remit $40 Million In One Week
The Central Bank of Nigeria’s Naira4Dollar scheme may have attracted about $40 million in foreign remittances in one week, according…