Bitcoin’s Steep Drop Knocks $110bn off Tesla’s Value
A dive in Bitcoin’s price this week spilled onto Tesla shares, shaving more than $110 billion off the electric carmaker’s value and some $20 billion from CEO Elon Musk’s net
A dive in Bitcoin’s price this week spilled onto Tesla shares, shaving more than $110 billion off the electric carmaker’s value and some $20 billion from CEO Elon Musk’s net
Nigeria’s Securities and Exchange Commission (SEC) says it is collaborating with the Central Bank of Nigeria and critical stakeholders to create a regulatory framework for cryptocurrencies and other digital assets. Lamido Yuguda, the Director-General of SEC
Nigeria’s economy will continue to sink as long as the country continues to practice deregulation, and that is according to Bala Zakka. Mr Zakka, a petroleum engineer and public affairs
South Africa’s unemployment rate jumped to a record high in the fourth quarter of last year, the statistics agency said on Tuesday, as the economy was further battered by the
The unemployment rate in the UK increased to 5.1% in the three months to December of 2020 from 5% in the previous period and in line with forecasts. It remains
The Nigerian National Petroleum Corporation (NNPC) has extended until June its contracts with private companies to swap crude oil for fuels, Reuters quoted a company spokesman, as saying yesterday. That’s
The elimination of tariff following the introduction of the African Continental Free Trade Area Agreement (AfCFTA) is expected to boost intra-African trade by 52 per cent and help Nigeria and
French conglomerate LVMH has purchased a 50% stake in rapper-mogul Jay-Z’s Champagne house, Armand de Brignac. Popularly known as ‘Ace of Spades’ for the vibrant metallic bottles that house the
British Airways owner IAG raised total liquidity by 2.45 billion pounds ($3.4 billion), through a loan and deferred pension contributions, and said it continued to explore other debt opportunities to
Oil prices rose on Monday as the slow return of US crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from
The Financial Derivatives Company Limited (FDC) has stressed that Nigeria’s high unemployment (27.1%), its large youth population, as well as its poverty rates, mean that the country is effectively seating
There are strong indications that Tuesday’s injunction of a Federal High Court, Lagos, barring Royal Dutch Shell’s Nigerian subsidiary from withdrawing money at 20 local banks until it ring-fences potential
Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier. The world’s most popular cryptocurrency
Bitcoin is an “economic side show” and a poor hedge against a decline in equity prices, analysts at JP Morgan said in a sobering assessment that could undercut the cryptocurrency’s
Analysts on Thursday called on the federal government to implement the 2021 budget to boost infrastructural development, ensure policy consistency and proper management of the Covid-19 pandemic in order to
Africa’s largest economy Nigeria, has officially exited recession helped by the gradual return of economic activities following the easing of restricted movements and stimulus packages by the Central Bank of
The International Monetary Fund (IMF) has cautioned against transacting in cryptocurrency, saying regulating the digital currency remains a concern not just to the Central Bank of Nigeria (CBN) but to
A steady rise in oil prices since late last year could presage a new ‘supercycle’ in oil as the world economy recovers from the pandemic, the Financial Times has reported.
Jeff Bezos has reclaimed his title of world’s richest person, ending Elon Musk’s roughly six-week reign on top of the list. Musk lost about $4.5 billion Tuesday after Tesla (TSLA)
The federal government of Nigeria says it is still paying over $131.14million in electricity tariff subsidy, despite the recent hike in prices paid for power by Nigerians and incessant complaints
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