Business & Finance
CBN Shuts Down Heritage Bank; Revokes Operating License
The Central Bank of Nigeria (CBN), has repealed the banking licence of Heritage Bank Plc with immediate effect. According to...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, June 3 2024
As of today, June 3 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
OPEC+ Extends Production Cuts in Uncertain Market
The world's most powerful oil producers, the OPEC+ alliance, made a surprising move on Sunday. They decided to extend production...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, June 2 2024
As of today, June 2 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
Elon Musk: The Controversial CEO Who Just Can’t Seem To Stay Out Of Trouble
There's no denying that Elon Musk is a genius. He's viewed as a brilliant entrepreneur, a modern-day Leonardo da Vinci...
SEC Approves Ethereum ETFs, Marking Historic Shift in Crypto Investing
The United States Securities and Exchange Commission (SEC) has approved a rule change allowing for the listing of Ethereum exchange-traded...
Financial Crisis Unfolds: 85,000 Savings Account Locked, $112 Millions Frozen
Yotta Savings, a fintech startup, has revealed that 85,000 customer accounts, holding a combined $112 million, have been locked out...
Istanbul Retail Inflation Hits Highest Since December 2022
Istanbul, Turkey - Istanbul's annual retail inflation rate surged to its highest level since December 2022, reaching 82.2% in May,...
Hong Kong Regulators Advances 11 Crypto Exchange Towards Licensing
The Hong Kong Securities and Futures Commission (SFC) has moved 11 cryptocurrency exchanges closer to obtaining licenses, a crucial step...
DRC Central Bank Holds Rate at 25%: Stability or Stagnation?
The Democratic Republic of Congo (DRC) made headlines this week with its central bank's decision to maintain the policy rate...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, June 1 2024
As of today, June 1 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
Nigerian Lawmakers Seek To Curb Central Bank’s Powers Amid Soaring Inflation
Nigerian lawmakers are pushing to limit the Central Bank of Nigeria's (CBN) authority in setting interest rates. A trio of...
Nigeria Seeks World Bank Extension for $376 Million North-East Recovery Project
The Federal Government of Nigeria has requested a one-year extension from the World Bank for the Multi-Sectoral Crisis Recovery Project...
Why China Won’t Print Its Way Out Of Inflation
China has opted not to print large amounts of money to solve its economic problems, despite facing a massive housing...
Bond Market Sees Best Month In 2024 As Inflation Fears Subside
The global bond market is poised to experience its best month in 2024, buoyed by a decline in inflation concerns...
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