Crypto market turns red again, as SEC appeals against Ripple
The cryptocurrency market has once again slipped into the red zone, with a notable trigger being the revelation of the...
Growing disparity between U.S. dollar index and naira performance as FX traders anticipate US inflation data
The Nigerian Naira has experienced a decline against the US Dollar on the parallel market due to a surge in...
Saudi Arabia and Russian Crude production cuts: Petrol Prices could surge above N700/Liter by September
The escalating fuel costs are a result of crude oil prices that have tripled in the past eight weeks, driven...
Black market exchange rate quotes to N895/$1, disparity with I&E Window widens to N120/$
The exchange rate between the naira and dollar was quoted for as high as N895/$1 on the black market, the...
USDT surplus reserves reach $3.3 billion in Q2
Tether, the issuer of the USDT stablecoin, released its consolidated reserves report for Q2, showing consolidated assets of at least...
Why the U.S dollar is immune to Fitch downgrade in the long term
The dollar index struggled to rise on Wednesday after Fitch downgraded the US government's credit rating raising questions about the...
Ripple anticipate the blockchain will play a bigger role among banks
A new study by payments company Ripple indicates that financial institutions can save huge amounts of money by moving their...
How to protect your business from the volatility of the naira
The latest earnings results on the NGX show that blue-chip brands that include Airtel Africa, Guinness Nigeria, Nigerian Breweries, and...
Basmati Rice Ban: India’s decision to trigger price increase in Nigeria
India announced on July 20th that it would limit exports of non-basmati rice in a bid to calm domestic rice...
Hedging Against Nigeria’s Soaring Food Inflation: Strategies for the Average Nigerian
Nigeria's food inflation has surged to alarming levels, reaching a year-on-year rate of 25.25% as of June 2023 a significant...
