In Monday's trading session, the cryptocurrency market witnessed a significant decline, resulting in more than $164 million worth of crypto assets being liquidated within 24 hours. Notably, Bitcoin's ...
The Central Bank of Nigeria (CBN) today imposed a limit on how much local banks can hold in foreign currencies. It expressed concern about the increase of forex exposures on its balance sheet followin...
Ghana recently experienced a noticeable spike in its inflation rate, hitting a four-month peak of 43.1% in July. The surge in inflation is being primarily linked to the surging costs of food within th...
On August 17th, 2023, the unofficial market for currency exchange in Nigeria displayed further positive movement in the naira-dollar exchange rate. Similarly, the official Investors and Exporter...
What is Petro? By definition, Petro is a cryptocurrency proposed by Venezuelan President Nicolas Maduro in December 2017. The value of petro would be based on the country’s oil, natural gas, an...
Technology is rapidly transforming our daily lives. Fintech, blockchain, and cryptocurrencies are reshaping the financial system in developed nations, opening up new avenues for financial service deve...
A financial market is a marketplace that offers a platform for the selling and purchase of assets including bonds, equities, currency trading, and derivatives. In the United States and ...
A lender of last resort is, as the name implies, a lender that will offer credit to institutions when they cannot find it anywhere else. The most common lender of last resort is the Central Bank, the ...
The Fed’s only Black President Raphael Bostic said the Federal Reserve needs to do more in fighting racial economic disparities caused by the coronavirus pandemic. “The Fed has an importa...
If you don't know about Michael Burry, please read his biography, click this link to read about him. With that said, he is going against Bitcoin investment, he thinks Bitcoin is a bubble waiting to bu...