Despite 17.7% inflation rate, investors stake N391 billion in treasury bills at average interest rate of 6%
Investors in the Central Bank of Nigeria’s treasury bills have invested a total sum of about N390.9 billion in treasury...
Bitcoin falls below $20k, causing an earthquake in the crypto market
Bitcoin fell below $20,000 for the first time since December 2020, as evidence of escalating stress in the crypto industry...
IMF says Forex premium in the black market limits the benefits of increased exports
The International Monetary Fund (IMF) has stated that improving trade balanceis having a limited impact on Foreign Exchange (FX) strains...
US Federal Reserve says rate hike is not meant to induce recession
After intensifying interest rate hikes, Federal Reserve Chairman, Jerome Powell indicated on Wednesday that the central bank hopes to prevent...
Crypto market loses $2 trillion from its peak as Bitcoin struggles to stay above $20K
The Bitcoin market has seen significant price volatility, especially after the US central bank issued the largest interest rate hike...
Cadbury Nigeria says it faced huge challenges in sourcing US dollars for importation
Cadbury Nigeria has said that the company faced huge challenges in sourcing US dollars for the importation of key raw...
US Federal Reserve hikes benchmark interest rate by 0.75%
The United States Federal Reserve raised its target interest rate by three-quarters of a percentage point to combat a disruptive...
Bill Gates says crypto, NFTs 100% based on greater fool theory
Microsoft co-founder, Bill Gates has stated that investment in crypto like nonfungible tokens (NFTs) is based on the greater fool...
Nigeria’s inflation rate surges to 11-month high at 17.71% in May 2022
Nigeria’s inflation rose to its highest level in 11 months, rising from 16.82% recorded in April 2022 to 17.71%. This...
CBN plans to launch non-oil export optimisation framework
The CBN said it had developed a comprehensive non-oil export optimisation framework, which would be launched at its maiden summit...
