Senate Proposes Ban on Dollar Salaries and Foreign Currency Transactions
The Nigerian Senate has introduced a bill to amend the Central Bank of Nigeria Act, 2007, prohibiting the use of…
Category: International
Social dialogue crucial for economic development – ILO
The International Labour Organisation (ILO) has emphasized the critical role of social dialogue in addressing global labor, economic, and social…
Africa Faces $74 Billion Debt Servicing Challenge in 2024 – AfDB
African nations, including Nigeria, require approximately $74 billion for debt servicing in 2024, highlighting the continent’s worsening debt crisis. Speaking…
Bitcoin buyer MicroStrategy jumps on Nasdaq 100 entry
MicroStrategy’s shares surged 4% in premarket trading as the company prepared to join the Nasdaq 100 index, a milestone that…
Morning Bid: Making Bitcoin Great – and above $105,000
Bitcoin has reached a new milestone, soaring above $105,000 for the first time in history, spurred by comments from U.S.…
Rupee slips to record low but central bank steps in to curb losses
On December 12, the Indian rupee reached an all-time low of 84.88 to the U.S. dollar, marking a 0.04% decline.…
Stocks Rise as Investors Bet on Fed Rate Cut Euro Firms Ahead of ECB Decision
Global stock markets saw a slight uptick on December 12, supported by expectations of a U.S. Federal Reserve interest rate…
Stocks steady as investors cautiously await US inflation data
Stocks remained steady on December 11 as investors awaited key U.S. inflation data, which could influence future Federal Reserve rate…
Access Bank UK bolsters Europe-Africa trade, unveils Malta branch
Access Holdings Plc has announced the launch of The Access Bank Malta Limited, a fully owned subsidiary of The Access…
Algeria, Angola Others Still Owe $1.7bn In Foreign Airlines Blocked Funds – IATA
The International Air Transport Association (IATA) has highlighted Algeria, Angola, and Eritrea as countries that still owe foreign airlines a…
India rupee hits record low, bond yields dip as a change of guard at RBI spurs rate cut bets
The Indian rupee slipped to a historic low of 84.85 per U.S. dollar on Tuesday, while 10-year bond yields dropped…
Chinese Policy Signals Lift Global Stocks as Bonds Reflect Caution
China’s equity markets rallied to near one-month highs after a Politburo announcement signaled a shift toward “moderately loose” monetary policy,…
Equinor ends 31years Nigerian journey for profitable markets
Norwegian energy company Equinor has exited Nigeria after 31 years, finalizing its divestment from the West African country. The move…
Asia stocks slip on South Korea turbulence, China disinflation
Asian stock markets faced a challenging start to the week as South Korean stocks tumbled by 2.4%, driven by political…
Asian Stocks Stumble Amid South Korean Political Turmoil and Global Market Uncertainty
Asian markets faced turbulence as South Korean political upheaval weighed heavily on sentiment. The imposition and subsequent lifting of martial…
Asia and Europe stocks climb on the US lead while dollar dips
Asian and European stock markets saw strong gains on December 3, following a rally in US tech stocks that pushed…
Euro Steadies as France Political Crisis Worsens Investor Concerns
The euro stabilized on Tuesday, recovering slightly after political turmoil in France heightened market volatility. French Prime Minister Michel Barnier…
Norway Wealth Fund to Probe Shoe Producers and Crypto Firms for Ethical Breaches in 2025
Norway’s $1.8 trillion sovereign wealth fund, the world’s largest, will investigate ethical concerns surrounding shoe manufacturers, cryptocurrency companies, and gambling…
Singapore Central Bank Fines JPMorgan Over Misconduct by Relationship Managers
Singapore’s Monetary Authority (MAS) has fined JPMorgan Chase S$2.4 million (USD 1.79 million) for failing to prevent misconduct by its…
Bitcoin Faces Volatility as Traders Hedge Against Decline
Bitcoin’s recent failure to surpass the $100,000 milestone has prompted a wave of caution among investors, evidenced by a shift…
Euro’s bruising leaves global investors on edge
The euro has dropped by over 3% against the U.S. dollar in November, heading toward its worst month since early…
African countries pay 500% higher costs on global market debt – AfDB
African countries are enduring a 500% rise in debt servicing costs when borrowing from international markets, according to the African…
Bitcoin options trade shows more bets on retreat after failing to breach $100,000
Bitcoin recently reached a record high of $99,830 but fell 8% to $91,377, with investors now betting on further declines.…
Dollar Climbs as Trump’s Tariff Threats Hammer European Stocks
The U.S. dollar surged on Tuesday, while European stocks suffered sharp declines. President-elect Donald Trump vowed to impose tariffs on…
TD Bank prepares to hire compliance monitors as US CEO reassures staff
Toronto-Dominion (TD) Bank is taking significant steps to address its compliance shortcomings after becoming the largest U.S. bank in history…
Dollar dips with Treasury yields after Bessent pick
The U.S. dollar fell from a recent high after President-elect Donald Trump nominated Scott Bessent, a fiscal conservative and Wall…
Dollar recovers after three-day slide as investors await cues on Trump policies
The U.S. dollar gained back some ground after a three-day slide, reaching a one-week high. The recovery followed a period…
London Stocks Edge Up as Inflation Data Dents Rate Cut Hopes Sage Shares Surge
London’s stock markets showed modest movements on Wednesday, with the FTSE 100 edging up by 0.07% and the FTSE 250…
NGX banking index records 17.4% year-to-date growth
The Nigerian Exchange Limited (NGX) banking index has shown a strong growth of 17.38% year-to-date, reflecting the increasing value of…
Foreign inflow on NGX drops to N11bn
Foreign inflows into the Nigerian Exchange Limited (NGX) experienced a notable decline in September 2024, dropping to N11.26 billion, the…