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Local currencies
The naira loses against the dollar on the official market
The naira fell slightly against the US dollar in the official market on Monday due to the drop in the supply of currencies.
According to data released by the FMDQ Stock Exchange where forex is officially…
The rupee resumes its downward spiral
Traders can trade notes of Rs1,000. - AFP / FileKARACHI: The rupee resumed its tumble against the US dollar on Monday, falling by around 53 paisas or 0.31% to reach Rs 168.72 on the interbank market.
The rupee began its descent…
Chinese assets
Chinese stocks have had a tumultuous year as a wave of stricter regulation rocked tech, education and gaming stocks.Yet China's general attractiveness to investors remains unchanged. Individual stocks suffered massive sell-offs and…
Currencies can solve global economic problems
Bitcoin has proven to be a security asset to date, it has responded to the need for savings and freed people from the hassle of traditional safe-haven assets.In the past, the value of money was measured in terms of the number of times that…
Interswitch recruits more Quickteller Paypoint agents
By Dipo Olowookere
The popular website that tracks the exchange rate of the Naira against major foreign currencies, AbokiFX, has announced it will suspend its pending updates when it gets "better clarity" of the currency…
Naira trades N412.88 / $ 1 as CBN Roars at Illegal FX Traders
By Adedapo Adesanya
The Naira appreciated against the greenback on Friday in the Investor and Exporter (I&E) segment of the forex (FX) market as the Central Bank of Nigeria (CBN) said it no longer recognizes exchange…
South African Rand, stocks fall on strong dollar, commodity prices drop
JOHANNESBURG, Sept. 17 (Reuters) - The South African rand weakened on Friday, reversing some initial gains and was expected to end the week with an overall loss of nearly 3.8% as the US dollar rose and weak data national economies…
Looming inflation and how to protect yourself from it
There are many ways to successfully hedge against inflation, one of which is to invest heavily in an asset class that has the potential to outperform the market during the time of inflation. Gold is a real world asset that is able to…
Online gambling everywhere
Online gambling has emerged as a major threat stretching from urban to remote rural areas, as various racket rackets…
TETFUND and the call for local training of academics, By Zubaida Baba Ibrahim
At this point in our national life, there is a need for various higher education institutions in Nigeria to review and assess the cost of staff training and further look for cost effective ways to build…