Financial Services

February 1, 2018

World Update: Bitcoin’s big wipeout erased $44 billion of value in January

Digital currency lost 30% in January on series of setbacks. Monthly dollar loss the biggest in history for a digital asset. Bitcoin is proving that cryptocurrencies […]
February 1, 2018

Nigeria Update: January PMI index records slow growth, says CBN

The Central Bank of Nigeria (CBN) yesterday reported that the January 2018 Purchasers Manager Index (PMI) – a survey which measures the productive activities in the manufacturing […]
January 31, 2018

Africa Update: World Bank raises $14 billion for ‘economically weak’ African nations’

The World Bank Group has allocated over $14 billion to help weak economic activities in African Countries in order to meet the target of achieving its […]
January 31, 2018

Nigeria Update: CBN sells $514 million in two trading days

In just two trading days, Friday and yesterday, the Central Bank of Nigeria (CBN) made a $514.4 million intervention in the foreign exchange (forex) market.Of the […]