A little like Bitcoin and a little like PayPal, Libra will be a new digital currency, one available to people without bank accounts or credit cards, but that could potentially be a major force for …
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Hopes for a trade deal rise in China as Trump and Xi prepare to meet at the G-20
Analysts with ties outside China see major obstacles, notably on how both sides can come to terms over the treatment of Chinese telecom giant Huawei. But the calculus of some with ties to the Chinese …
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How Nigeria, others lose $4.2tr savings over poor infrastructure, by World Bank
The cost of not investing in strategic infrastructure may not only pose challenge to ease of doing business, but also Nigeria and other economies classified as low and middle-income countries of …
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Libra is warped hybrid that seeks to consolidate Facebook’s vast power
Excepting some Instagram influencer posting selfies while wearing an ethereum T-shirt, or your grandfather getting a bitcoin wallet, is there any more sobering sign that we have reached peak …
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Share market update: PSU Bank shares gain; Canara Bank rises 1%
Among the 50 stocks in the Nifty index, 26 were trading in the green, while 24 were in the red. NEW DELHI: Shares of PSU banks were trading with gains in Thursday’s morning session. Shares of Canara …
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China’s Xi arrives in North Korea with senior economic official in tow
Xi and Kim will meet just a week before a G20 summit in Osaka where Xi and U.S. President Donald Trump are due to meet in a bid to reset ties poisoned by a bitter trade dispute. The timing of Xi’s …
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FG nets N3.7tr against CBN in five year operations
“We wish, therefore, to reassure the investing community and the general public that the CBN remains faithful to its statutory mandate as banker and financial adviser to the Federal Government …
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The Badla Financier is Dead. Or is He?
In the old order, you bought stocks on margin (part payment, usually 15%) and kept the trade open for a fortnight. At the end of the fortnight, you informed your broker whether you wanted delivery of …
Bitcoin faces technical hurdle as Facebook’s Libra steals crypto spotlight
While it seems like everyone’s fixated on the Libra cryptocurrency championed by Facebook Inc., Bitcoin aficionados are looking toward the $10,000 mark as the next price hurdle for the largest digital …
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