Business & Finance
Philippine Central Bank Pushes Back On Aggressive Rate-Cut Calls
The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), has rejected calls for aggressive rate cuts, dismissing a forecast made...
Japan’s Finance Minister Defends Currency Intervention, Citing Speculative Excessive Moves
In his first public acknowledgment of the government's record intervention in the currency market, Japan's Finance Minister Shunichi Suzuki defended...
External reserves drop by $1.8 billion in 10 weeks
According to figures from the Central Bank of Nigeria, Nigeria's foreign exchange reserves have declined by $1.8 billion in the...
Dangote Refinery Brings Hope Amid Nigeria’s Economic Challenges
Despite the economic hurdles facing Nigeria, a silver lining emerges in the form of the country’s rich mineral resources and...
Market Mood Swing: Stocks Slip on Weak Manufacturing Data, GameStop Soars
The U.S. stock market experienced a decline today, driven by weaker-than-expected manufacturing data. The ISM Manufacturing PMI Index fell to...
Nigeria’s Economic Growth Hinges On Leveraging National Assets
Ayo Teriba, a prominent economist, has stressed the importance of Nigeria harnessing its national assets to attract foreign exchange inflows...
Spotify Stock Surges as Company Announces US Price Hikes
Spotify's stock price soared as much as 4% in early trading on Monday following the company's announcement of its latest...
Market Snapshot: Bull Market Shows Resilience Despite Rate Hikes
The U.S. stock market has continued its upward trajectory despite higher interest rates. The S&P 500 index, a key benchmark,...
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The Central Bank of Nigeria (CBN), has repealed the banking licence of Heritage Bank Plc with immediate effect.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...
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