Iran Halts Authorized Crypto Mining To Save Energy For Winter
Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in summer. Amid…
Category: Trade
Naira Falls At Official And P2P Forex Market
The exchange rate between the naira and the US dollar closed at N415.1/$1 at the Investors and Exporters (I&E) window,…
Turkish Lira Weakens, Further Eroding Last Week’s Gains
Turkey’s lira weakened as much as 2% on Tuesday, extending sharp losses seen a day earlier and eroding massive gains…
Christmas Week Trades Add $77.89bn To Bitcoin Market Cap
The market capitalisation of Bitcoin increased by $77.89bn during the week leading up to Christmas. On December 19, BTC had…
1.3 Million Bitcoin Left Circulating On Crypto Exchanges
In glad tidings for an orange Christmas, Bitcoin (BTC) supply is drying up to lows not seen for years. In…
Nigeria’s External Reserves Fall By $440m In Two Weeks
The nation’s external reserves fell by $440m in two weeks from $41.15bn at the start of this month, figures obtained…
UK Shares Head For Weekly Loss On Omicron Concerns, Inflation Risks
UK’s FTSE 100 slipped on Friday and was on course for a weekly loss, as concerns surrounding the fast-spreading Omicron…
Uber looking to sell Didi, China market has little transparency, CEO says
Uber Technologies Inc (UBER.N) is looking to sell stakes in non-strategic assets, including its stake in Didi Global Inc, based…
Stock Futures Tick Higher Ahead Of Key Inflation Data, Fed Meeting
U.S. stock index futures rose during early morning trading Tuesday after the major averages started the week in the red…
There’s No Reason Why Ford Shouldn’t Break Above $20, Trader Says
Ford’s fate looks rosy to Inside Edge Capital Management founder Todd Gordon. Ford’s stock was just above $20 a share…
Nigeria, Others Seal $42.1 Billion Trade Deals At IATF
Nigeria and other African countries sealed trade-related investment deals worth $42.1 billion at the recently concluded second Intra-African Trade Fair…
Report: Nigeria’s Exports Trade To Hit $112bn By 2030 — Tops Volume For Africa
A new research by Standard Chartered Bank has projected that Nigeria’s export trade would hit $112 billion in 2030, topping…
Dismantle Trade Barriers To Grow Africa’s Economy, Dangote Urges Leaders
African leaders have been urged to dismantle trade barriers stifling their individual countries, in a bid to ensure smooth flow…
Trade Deficit Declined To $340m In July – CBN
Nigeria’s trade deficit declined to $340m in July from $2.4bn in June, figures obtained from the Central Bank of Nigeria…
Nigeria’s GDP Growth Fell To 4.03% In Q3 -NBS
The nation’s economy grew more slowly in the third quarter of the year than it did in the second quarter,…
Nigeria’s Remittance Inflow Rebounds, Hits $17.6bn, Says W’Bank
Nigeria’s remittance inflow is set to hit $17.6bn and push inflows to Sub-Saharan Africa to $45bn in 2021, a new…
Dollar Soars On Upbeat U.S. Data But Asian Stocks Wobble
The dollar strengthened through key resistance levels on Wednesday, propelled by better-than-expected U.S. retail data, although the upbeat news was…
Insurance Firms Rake In N2.1tn Premiums In Five Years – Report
Nigerian insurance companies earned a total gross premium of N2.1tn between 2016 and 2020, according to figures obtained from the…
Bitcoin Drops Nearly 7% Toward $60,000 As Major Cryptocurrencies Plunge
Bitcoin and other cryptocurrencies fell sharply on Tuesday retreating from near-record highs. Bitcoin fell toward $60,000 during late morning trade…
Musk Continues To Sell Shares After Twitter Poll
Tesla Inc Chief Executive Officer, Elon Musk, has sold an additional portion of his share in his company worth about…
Alibaba, JD Enjoy Record Singles Day Despite Tech Crackdown
Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving a much-needed boost to the firm…
Foreign Investors Prefer Nigerian Banks’ Eurobonds To Their Stocks
Foreign investors can’t get enough of Nigerian banks’ Eurobonds but won’t touch their stocks with a ten-foot pole. First, it…
Biden Signs Legislation To Tighten U.S. Restrictions On Huawei, ZTE
U.S. President Joe Biden on Thursday signed legislation to prevent companies like Huawei Technologies Co or ZTE Corp that are…
Twitter To Launch Dedicated Crypto Team
Twitter is expanding further into the world of cryptocurrencies as the social media giant is setting up a team dedicated…
Equities Extend Losses As Capitalisation Dips Further By N82 Billion
The market capitalisation of listed equities depreciated further by N82 billion yesterday, following the extension of losses on the Nigerian…
