Tag
MONEY MARKETS
According to the latest data obtained from the Central Bank of Nigeria (CBN), Nigeria’s foreign exchange reserves now stand at $36.57 billion.
Nigerians hoping for transactions via the U.S dollar to countries like France would have the need to pay fewer dollars to fulfill such transactions.
Many cryptocurrency traders and investors expected that Bitcoin halving would boost Bitcoin’s bullish run in the short and mid-term
Rates in the parallel market will remain under pressure and we might see it above the N460 /$ levels it is currently trading at.
FTX is a rapidly growing cryptocurrency exchange that has been proving itself worthy by gaining a larger share of the crypto trading market.
TFUEL/USD was trading about $0.0026 on May 20th. Just 5 days later, it blew the chart by gaining a whopping 630% to about $0.019
U.S dollar stood firm against major currencies on Monday as fears over rising tensions between America and China over Beijing's plans to begin
Nigerians do have a high passion for digital currencies and are among the greatest users of cryptocurrencies in the world.
OmiseGO traded at $0.5 on April 1st and is presently trading at %1.26, with a market capitalization of about $276 million.
U.S dollar gains strength, Investors turned to the dollar as their haven asset after the report cut their hopes for a potential cure for the COVID-19 virus.
The T-bills secondary market closed on a bullish note last week as the average yield fell by 38bps to close at 2.28% compared to 2.66% the previous week due to the trading activity in the market following the auction held during the week.
Bitcoin, the world’s largest digital coin, briefly surged above the $10,000 mark, as demand for it gained momentum.