FINANCE
Naira gains against dollar at official forex market
The naira recorded its first gain against the US dollar at the official foreign exchange Market this week. FMDQ data showed an appreciation of N1,390.96 per dollar o ...
What you need to know about the Japanese yen to trade better
Understanding the intricacies of the Japanese yen (JPY) is essential to excel in trading. It is recognisable by its symbol ¥ and holds immense importa ...
Dollar hits N1,400, N1,380 at NAFEM, parallel market
•CBN must find sustainable solutions –Experts By Chinwendu Obienyi ...
CBN stops account openings for Kuda, Moniepoint, OPay
The Central Bank of Nigeria (CBN) has reportedly directed Moniepoint, OPay, Kuda Bank, and Palmpay to restrict new account openings. This follows the rece ...
Bank of Ugandas ID Verification directive for transactions above $260 faces resistance
The news: The Bank Of Uganda (BoU), the East African countrys apex bank, has issued a directive that makes ID verification compulsory for all digital transactions amountin ...
Yen slides to fresh 34-year low against dollar, stocks rally
The yen has come under pressure as the Bank of Japan refuses to further tighten monetary policy and expectations for Federal Reserve interest rate cuts fade. Photo: R ...
Breaking News: Altcoins Surge as Algorand, NEAR Protocol and KangaMoon Reign Supreme
The altcoin market has seen a rally, with Algorand (ALGO), NEAR Protocol (NEAR) and KangaMoon (KANG) outperforming the wider market. While ALGO and NEAR are well-established altcoins, KANG i ...
US Fed to meet amid dwindling hopes of summer rate cuts
The US Federal Reserve is widely expected to keep rate cuts on hold until the second half of this year, at the earliest. Photo: Mandel NGAN / AFP/FileSource: AFP ...
Naira depreciation: BDC operators reveal solution
The Association of Bureaux De Change Operators of Nigeria has revealed plans for a unified retail end of the foreign currency market to tackle the recent Naira depreciation. ...
New Token Presale Leads With $5.5M Raised and 290% Price Spike – Can It Compete With Render (RNDR) and Injective (INJ)?
Render (RNDR) has seen a year-to-date (YTD) climb of 423%, and at this rate of growth could soon break past the $10 resistance to reach new heights. Alongside it, Injective (INJ) is battling ...
A timeline of Binance's troubles in Nigeria
In February 2021, the Central Bank of Nigeria (CBN) stopped banks from facilitating crypto-related transactions. This move was known popularly as a ban on crypto in Nigeria. Godwin ...
CBN disowns notice on cryptocurrency transactions
The Central Bank of Nigeria says a notice circulating on social media about the risk of cryptocurrency is fake news. The Apex disclosed this via its official X accou ...
Regulator confirms approved crypto providers for licencing in South Africa
South Africa's financial regulator, the Financial Sector Conduct Authority (FSCA), has confirmed and clarified the list of currently approved crypto service providers, stating that ...
TLcom Capital closes second fund at $154 million
Ciao, Victoria from Techpoint here, Here's what I've got for you today: TLcom Capital closes its second fund at $154 million African s ...
Access Pensions reaffirms commitment towards PBMs for Nigerians
By Chinwendu Obienyi Access Pensions has emphasised its commitment to offering thorough gu ...
Again, Naira depreciates by N64 against Dollar at forex market
Again, the Naira lost N64.5 against the US dollar in the foreign exchange market. FMDQ data indicated that the Naira depreciated to N1,234.49 per US dollar on Monday ...
Platnova Celebrates first Anniversary with Achievements
As Platnova commemorates its first anniversary, it's a time for celebration and contemplation. In just one year, this fintech leader has achieved significant milestones while maintaining ...
Nigeria to raise $30bn from inaugural forex bond
Nigeria targets up to $30 billion from its inaugural foreign currency-denominated bond issuance planned for June, 2024. Patience Oniha, Director-General of the Debt ...
Partech; its €280 million fund, backing bold founders, and being intentional about exits
In February, Partech, the global VC firm that has backed companies like TradeDepot and Wave, fully closed Partech II, a €280 million Africa-focused fund—the largest on ...
FG distributes N1.123 trillion to Federal, State, and Local Governments
The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.123 trillion to the federal, state, and local governments for the month ...
US fines Thailand-based firm $20 mn for Iran sanctions violations
Janet Yellen, Secretary of the Treasury Department, which fined a Bangkok-based firm $20 million for more than 450 possible Iran sanctions violations. Photo: SAUL LOE ...
Pepe Coin Holders Move Capital into 2 Low Market Cap Crypto on Solana Blockchain: The Next Pepe Coin for 1000x Gains?
Pepe coin holders look to Slothana and Smog on Solana for potential 1000x gains as Bitcoin halving and 4/20 approach. Holders of Pepe have endured a rough ...
Why Nigerian govt issued N8trn treasury bills – Finance Minister, Edun
Minister of Finance, Wale Edun, has said that the Nigerian Government issued N8 trillion in government security, known as treasury bills, to stabilize and boost the economy. ...
“There's a syndicate within Nigeria that was leveraging arbitrage in a heavy and hurtful manner to the naira." - Ray Youssef
The saga between Nigeria, Binance, and the crypto ecosystem has been on for two months. From blocking its websites to arresting its employees, Binance has been on the receiving end of Nigeri ...
UBA to raise fresh capital through sale of 10.8 billion ordinary shares
United Bank for Africa (UBA), a Nigerian bank valued at over ₦1 trillion, plans to raise fresh capital by selling 10.8 billion new ordinary shares. The bank will prioritise exi ...
Fraud and forgery cost Wema Bank $595,000 in 2023, launches anti-fraud campaign
Wema Bank, a Nigerian bank, reported losses of ₦685 million ($594,943) due to fraud and forgery in 2023. The losses were incurred through the bank's digital ...
Choosing the Right One: Top Best Forex Brokers of 2024
Navigating the expansive world of forex trading requires the selection of a reliable broker to facilitate your deals. As the forex market continues to develop and adapt to tech ...
Asia tracks Wall St losses as US data deals blow to rate cut hopes
The hotter-than-expected US data sent the dollar to a 34-year high against the yen. Photo: Behrouz MEHRI / AFPSource: AFPAsian markets re ...
Kenyas Pezesha and MarketForce settle dispute following a 6-month legal battle
Following a six-month legal battle, Kenyan fintech startup Pezesha and MarketForce, a B2B eCommerce platform, reached an out-of-court settlement. MarketForce will use its intangible as ...
Asian markets mostly rise as traders weigh rates outlook
Oil prices are in retreat, having hit a five-month high last week on geopolitical tensions and strong economic data. Photo: Brandon Bell / GETTY IMAGES NORTH AMERICA/ ...