Nigeria’s Inflation Soars to Highest Level in Decades
Nigeria's inflation rate has skyrocketed to a staggering 33.95%, the highest level in 28 years, according to official data released ...
Tag: Finance
Nigerian Equities Market Experiences Significant Decline, Investors Lose N206 Billion
Lagos, Nigeria - The Nigerian equities market experienced a significant decline on Friday, with investors losing a total of N206 ...
MicroStrategy Plans to Raise $500 Million to Boost Bitcoin Holdings
Business intelligence firm MicroStrategy has announced plans to raise $500 million through the sale of its class A common stock, ...
MoonPay Announces Strategic Collaboration with PayPal for Cryptocurrency Purchases
MoonPay, a global digital asset payment provider, has announced alliance with PayPal, a leading online payment processor, to enable users ...
Central Bank of Nigeria Spends $2.2 Billion on Debt Servicing in 5 Months
The Central Bank of Nigeria (CBN) has spent a staggering $2.2 billion on debt servicing in the first five months ...
The World Bank confirms 3.3% GDP growth prediction for Nigeria
The World Bank reaffirmed its 3.3% economic growth prediction for Nigeria in 2024, saying the country's economy was slightly upbeat ...
Stocks Slip as Banking and Tech Sectors Feel the Pinch
Stocks fell from all-time highs, with a slide in banks leading the decline, as investors positioned themselves for the US ...
China Considers Proposal to Stabilize Slumping Stock Market
China's securities regulator is considering a package of measures to stabilize the slumping stock market, sources familiar with the matter ...
Nigeria’s Current Account Balance Shows Resilience, Reaches $1.432 Billion In 2024
Despite the prevailing economic downturn in Nigeria, the country's current account balance has demonstrated a remarkable surge, reaching a substantial ...
Bitcoin Rally Reinvigorates Crypto Market, Sparking Renewed Interest And Investment
A notable development in the cryptocurrency space has occurred, as Bitcoin's recent surge to near record highs has precipitated a ...
IMF projects Nigeria’s GDP to reach $1.85 trillion by 2029
Nigeria's GDP is predicted to grow to at least $1.852 trillion in Purchasing Power Parity terms by 2029, according to ...
NDIC Assures Heritage Bank Depositors of Swift Repayment
Abuja, Nigeria - The Nigerian Deposit Insurance Corporation (NDIC) has moved to allay the fears of depositors of the recently ...
Fidelity Bank Shares Experience Significant Decline Amidst Plans for Fresh Equity
Lagos, Nigeria - Fidelity Bank Plc's shares suffered a significant decline of 9.7% to ₦9.75 in Lagos trading, following the ...
UK Interest Rates Remain Steady Despite Inflation Decrease
London, UK - The Bank of England (BOE) has opted to maintain its key interest rate, despite the UK's inflation ...
Rand Rises as ANC Scrambles to Patch Up Their Election Blunder
In a slight rebound, South Africa's rand edged higher early Thursday after a previous dip triggered by the African National ...
