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Finance
Dollar Scarcity Looms in Nigeria as Direct Remittances Drops by 62.4% to $1.96bn in 10 Months
The latest data by Central Bank of Nigeria (CBN) has said that total direct remittances from Nigerians in Diaspora came…
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Finance
Naira loses at official market
Naira fell marginally from the U.S. dollar at the state market on Thursday, since the currency exchanged hands with the greenback…
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Energy
Why Nigeria is not fully benefitting from current oil boom – World Bank
The World Bank has stated that Nigeria is not fully benefitting from the current oil boom. This was disclosed in…
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News
South Korea’s financial regulators to impose tax on NFTs
South Korea’s Financial Services Commission (FSC) earlier announced that nonfungible tokens (NFTs), will be taxed starting from next year. According…
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Blogging
Cryptocurrency market rebounds from Black Friday’s sell-off
The cryptocurrency market rebounded late Sunday from Friday’s sell-off which saw the cryptocurrency market capitalization lose 8.78%, from trading 2.62…
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Spotlight
FUGAZ stocks investors gain over N15 billion in trading week
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, increased to N2.53 trillion…
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Blogging
$630 million longs get liquidated as bitcoin falls by $5,000
Leveraged longs are having a rough day as they lose over $630 million in liquidation as Bitcoin falls after yesterday’s…
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Blogging
El Salvador buys the dip again amid market sell-offs due to COVID-19 concerns
The President of El Salvador, Nayib Bukele took to Twitter to announce that his nation has bought the dip to…
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Blogging
Zinari Finance: Utilizing Blockchain to solve problems
Zinari Finance is an African-founded technology company that uses the Blockchain to provide corporate solutions in Africa. The company has…
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Currencies
Relationship between inflation and the unending devaluation of the Naira
Backstory Across every stakeholder spectrum in the Nigerian economy (i.e. investors, consumers, policymakers or economic observers), one persistent recurring topic…
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Commodities
Oil down by over 6% as new strain of COVID-19 virus causes panic selling
The black liquid declined by over 5% today, hitting a two-month low as investors reacted to the new COVID-19 variant,…
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