Why Bitcoin is Failing at Being an Inflation Hedge
In recent years, Bitcoin has been acclaimed as an inflation hedge, because of its stellar performance against other asset classes in general. In fact, there has...
CBN’s foreign reserves decline by $2.2 billion (YTD)
Nigeria’s foreign reserves have fallen by $2.202 billion to $38.318 billion as of September 29, 2022, from $40.520 billion as of December 31, 2021. This...
How To Make Money,Earn Dollars By Trading Forex In Nigeria
The number of Nigerians interested in making money online is growing by the day. Many of our youths (between the ages of 21 to...
Breaking: Court orders arrest of Wema Bank MD, Adebise over alleged forgery, issuance of...
An Abuja court has ordered the arrest of Wema Bank MD, Adebisi over alleged forgery, issuance of dud cheques.
A Chief Magistrates’ Court in Wuse,...
CBN urges Nigerians to shun Forex speculative activities
The Central Bank of Nigeria (CBN), has advised Nigerians not to succumb to speculative activities of some players in the foreign exchange market.
Mr Osita...
Fifteen months after its introduction, Naira4dollar promo fails to save Naira
Since the introduction of the Central bank of Nigeria’s (CBN) “Naira4Dollar Scheme” in March 2021, the Naira rate has fallen by a whopping N127...
FX scarcity continues to bite hard in Nigeria
The recent shortage in Dollar supply amidst increased demand has worsened the pressure on the Naira. Though the exchange rate at the I&E window...
Bitcoin Fear & Greed Index Points to a BTC Return to Sub-$20,000
It was another bearish Monday session, with bitcoin (BTC) falling by 1.49% to end the day at $20,718.
Bitcoin and the broader crypto...
Coinbase to launch first crypto derivatives product in June
Coinbase, one of the world’s largest cryptocurrency exchanges by volume, is launching its derivatives exchange, known as Coinbase Derivatives Exchange, formerly known as FairX,...
Crypto market has lost $2 trillion from its peak as Bitcoin struggles to stay...
The Bitcoin market has seen significant price volatility, especially after the US central bank issued the largest interest rate hike since 1994.
Despite this, bitcoin...