Currencies
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...
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MAN tackles CBN over N1tn low-interest loan
Manufacturing companies have said they cannot access loans at the Central Bank of Nigeria’s five per cent lending rate under...
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Ethereum breaks below $1,800 as selling pressure accelerates
The world's second most valuable cryptocurrency continued its slide in early trading in Europe on Friday, as participants fretted about...
Read moreCBN’s N143 billion treasury bills auction records 47% oversubscription
The Central Bank of Nigeria’s (CBN) Treasury Bills for a 1-year tenor worth N143.88 billion, which was auctioned on Wednesday,...
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5 cryptos that could strengthen your portfolio in June
Understand The Crypto Market Some new additions in crypto space, such as Logarithmic Finance (LOG), have captivated investors’ interest. While,...
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Naira Depreciates at all Markets: Naira Hits N610/$1 at B2B Market
On Thursday, 19 May 2022, The Nigerian naira closed at N420.33/$1 to the dollar at the official Investors and Exporters...
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Naira Depreciates Further at the Parallel Market Amidst Foreign Reserves Massive Dip
On Tuesday, the 17th May 2022, The Nigerian naira closed at N418.50/$1 to the dollar at the official Investors and...
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IMF increases the weight of US dollars and Chinese yuan in the SDR Basket
The International Monetary Fund has increased the weighting of the dollar and the Chinese yuan during its review of the...
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FX Supply Crisis Weakens the Naira to N421.50/$1 at Official I&E Window
On Monday, the 16th May 2022, The Nigerian naira closed at N421.50/$1 to the dollar at the official Investors and...
Read moreNaira depreciates in all FX Markets: Naira hits N600/$1 at B2B market
On Thursday, the 12th May 2022, The Nigerian naira closed at N420/$1 to the dollar at the official Investors and...
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Nigeria’s debt-to-GDP ratio hits 23.3% as debt stock rises to N41.6 trillion in Q1 2022
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Central Bank Digital Currencies: South Africa and Ghana to Launch Digital CBDCs
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Cadbury Nigeria says it faced huge challenges in sourcing US dollars for importation
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IMF says Forex premium in the black market limits the benefits of increased exports
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