CATEGORY
Markets
MicroStrategy Now Down $1B on Its Bitcoin Bet
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Michael Saylor's MicroStrategy (MSTR) is sitting on an unrealized loss of more than $1 billion on its bitcoin (BTC) holdings as the price of...
US ‘Quietly’ Pressing Firms to buy Russian Fertilizer – Bloomberg
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US officials are “quietly” urging agricultural firms to boost Russian fertilizer imports amid growing shortages and a looming international food crisis, Bloomberg reported on Monday, citing unnamed sources familiar with...
Nigeria’s Largest Stock Exchange Plans to Adopt Blockchain for Settling Trades
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The largest stock exchange in Nigeria – Nigerian Exchange Ltd. – will reportedly roll out a blockchain-enabled trading platform next year to facilitate the...
Nigeria Stock Market Looks Overvalued as Bond Yields Rise
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Bond yields are on the rise and, among other factors, they are threatening equity returns. A sharp rise in bond yields so far has...
Nigerian Banks Fee Income Surge on Economic Recovery
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The relaxation of the lockdown measures that accelerated economic recovery and gradual improvement in consumer spending have helped lift Nigerian Banks’ fee income as...
Russia Becomes India’s 2nd Largest Oil Supplier
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Russia became India’s second biggest crude oil supplier in May, as New Delhi has been stocking up on the discounted Russian commodity, Reuters reported...
Dow Slides 700 Points as S&P 500 Falls Back into Bear market
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Stocks tumbled Monday, pushing the S&P 500 back into bear market territory, as the major averages came off their worst week since January.
The Dow...
Bitcoin Plunges Below $25,000 to 18-month Low
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The world’s top cryptocurrency, Bitcoin, plunged below $25,000 per token on Monday morning, falling more than 43% so far this year from nearly $49,000...
TikTok Videos Stoke Tensions Ahead of Kenya Vote – Mozilla Report
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As Kenya’s general election draws closer, an increasing number of TikTok videos featuring “hate, incitement and other political disinformation” have been on the rise,...
How Otedola Used Structured Finance to Gain Control of First Bank
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Femi Otedola the largest shareholder in FBN Holdings the parent company of First bank of Nigeria used a sophisticated form of financing known as structured finance...