Goldman, Roubini and Novogratz explain where they stand on bitcoin and ether
The world appears to be firmly divided into two camps: those who are bullish on cryptocurrencies and those who…
Apple gets rare sell rating as New Street downgrades and predicts nearly 30% stock…
Apple could see a significant decline in sales of its flagship iPhone, and investors should get out before the…
Credit Suisse Scandals Prompt Switzerland To Think Unthinkable: Punish Bankers
Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in…
Canadian Dollar Gains As Investors Cheer Higher Commodity Prices
The Canadian dollar strengthened against its U.S. counterpart on Thursday, moving closer to a recent 6-year high,…
EMERGING MARKETS-Turkey’s Currency Hit All-Time Low; EM Stocks At 1-Month…
Emerging market currencies touched new highs on Friday but a rising dollar ahead of U.S. inflation data tempered…
Turkish Lira Falls To Record As Rising U.S. Yields Add To Woes
The Turkish currency sank to a record low, weighed down by rising U.S. yields and concern that monetary policy…
Dollar Edges Up Ahead Of Inflation Data; Yen Falls
The dollar strengthened further on Friday following its rise from more than four-month lows in recent sessions, as…
China’s Warnings Come In Thick And Fast To Curb Inflation, Yuan
China has dialed up its rhetoric about surging commodity prices and a strong currency with almost daily commentary…
World Bank Approves $700m Loan For Nigeria
The World Bank has approved a $700 million loan for the Nigeria Sustainable Urban and Rural Water Supply,…
Oil Rallies Above $67 As Demand Optimism Outweighs Iran Concerns
Oil extended gains from the highest close in more than two years as optimism over burgeoning U.S.-led…
ABCON: ‘Corporate Governance Compliance Key In BDCs’ Operations’
Association of Bureaux De Change Operators of Nigeria (ABCON) has urged Bureaux De Change (BDC) to carry out their…
Cathie Wood Sees Deflation Returning, Boosting Innovation Stocks And Bitcoin
Cathie Wood is going against the grain yet again — this time on inflation.
The founder and CEO of Ark…
Bank Of America Hikes Price Target For Nvidia To $750 After Earnings Beat
The latest earnings report from Nvidia should help the semiconductor giant’s stock continue its hot streak,…
France In Double-Dip Recession At Start Of 2021 After Revisions
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France’s…
CBN Moves To Curb $580m Annual Cassava By-Product Imports
Despite being the world’s largest producer of cassava, Nigeria imports over $580 million worth of cassava…
Dangote: Nigeria To Earn $700m Annually From Sugar Backward Integration
The Chairman of Dangote Sugar Refinery(DSR) Plc Aliko Dangote, has urged government to faithfully follow…
Bitcoin Falls Back Below $40,000 As Cryptos Plunge Yet Again
Major cryptocurrencies plunged into the red on Friday morning as the crypto market continues its volatility since…
Illegal Oil Deals: FG Fails To Recover $69bn Loot In American Banks
An American assets recovery firm, Forensic Assets Investigation and Recovery Services LLC, has traced $69bn …
Pound Ticks Up On Bank Of England Policymaker’s Rates Rise Comment
The pound (GBPUSD=X) rose against the dollar on Thursday afternoon, after Bank of England (BoE) policymaker Gertjan…
China’s Yuan Rises To Strongest Since ‘16 Versus Basket Of Peers
The yuan’s rally gathered pace on Thursday, with the Chinese currency rising to its strongest level since March…
Nigeria’s President Appoints New Army Chief After Predecessor’s Death…
Nigeria's president has appointed a new army chief, the ministry of defence said in a statement on Thursday,…
Debt Rises By N20.8tn Under Buhari, Servicing Gulps N10.26tn
The country’s debt rose by N20.8tn between July 2015 and December 2020, data obtained from the Debt Management…
Experts Fault Naira Devaluation, Say Prices’ll Rise, Poverty Deepened
Against the backdrop of the recent devaluation of the naira by the Central Bank of Nigeria, economic and financial…
Govt Seeks Single-Digit Interest For MSMEs
The Minister of State, Industry Trade and Investment, Mariam Katagum has called for single digit rate financing for…
Stock Market Extends Losses By N12 Billion
The stock market extended losses to three consecutive sessions yesterday, causing market capitalisation to…
Nigeria Needs $2b Monthly For Fiscal Sustainability As FG Builds Oil Reserves
The Department of Petroleum Resources (DPR) has stated that the country needs over $2 billion monthly revenue to…
Yuan Advances To New 3-Yr High As PBOC Yet To Show Discomfort With Recent Gains
China's yuan advanced further to a new three-year high against the dollar on Thursday, as investors increased their…
Dollar Firms As Traders Brace For U.S. Inflation Gauge
The dollar found support on Thursday from a sense that the Federal Reserve is slowly but surely edging towards a…
PSSP Capital Base Jacked Up To N250m
The Central Bank of Nigeria (CBN) has raised the minimum capital requirement for payment solutions service…
More Than Half Of Europeans Want To Replace Lawmakers With AI, Study Says
LONDON — A study has found that most Europeans would like to see some of their members of parliament replaced by…