Economy

43 Posts
Bitcoinmagazine
Bitcoinmagazine
· May 21

Bitcoin Price Breaks Record All Time High With Surge Above $109,000

Bitcoin reached a new all-time high, surpassing $109,000 and peaking at $109,800, driven by significant institutional inflows and positive policy developments. Nearly $1 billion flowed into Bitcoin ETFs over two days, highlighting strong institutional demand, while traditional financial institutions like JPMorgan facilitate greater client access to Bitcoin. In Washington, bipartisan...
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Business
Cnbcafrica
Cnbcafrica
· May 20

South African rand steady ahead of budget, US meeting

The South African rand remained steady against the dollar as investors awaited the upcoming budget speech and a crucial meeting between President Cyril Ramaphosa and US President Donald Trump. Finance Minister Enoch Godongwana aims to pass the budget on Wednesday after two previous unsuccessful attempts due to coalition disagreements over...
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Business
Dailytrust
Dailytrust
· May 20

CBN: Expanding financial inclusion access with Non-Resident BVN gateway

The Central Bank of Nigeria (CBN) has launched the Non-Resident Biometric Verification Number (NRBVN) platform to enhance financial inclusion for Nigerians in the diaspora, enabling remote access to banking services such as account opening and funds transfer. Developed with the Nigeria Inter-Bank Settlement System (NIBSS), the platform draws inspiration from...
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Business
Legit
Legit
· May 20

CBN opens up on state of health of UBA, Access, other bank, speaks on safety of depositors’ funds

The Central Bank of Nigeria (CBN) has dismissed misleading reports concerning a licensed financial institution, affirming the banking sector’s robustness and the safety of depositors’ funds. CBN emphasized its ongoing monitoring of financial institutions through risk-based oversight and early warning systems to promptly address any issues. The bank urged the...
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Business
Arise
Arise
· May 20

Nigeria to Begin N3.3trn Fibre Rollout, 7,000 Telecom Towers in Q4 2025 – Arise News

Dr. Bosun Tijani, Nigeria’s Minister of Communications, Innovation, and Digital Economy, announced the commencement of a N3.3 trillion investment to deploy 90,000 kilometers of fiber optic infrastructure and 7,000 telecom towers nationwide starting in Q4 2025, aiming for 98% connectivity coverage. The telecommunications sector has seen significant growth under President...
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Business
Vanguardngr
Vanguardngr
· May 20

Petrol: Dangote assures price stability despite increase in oil prices

Dangote Petroleum Refinery has announced its consistent efforts to reduce the price of Premium Motor Spirit (PMS) despite fluctuations in global crude oil prices, emphasizing its commitment to supporting Nigeria’s economy and consumers. The company’s policy aligns with Nigeria’s government initiatives like the Nigeria First policy and President Bola Tinubu’s...
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Business
Bitcoinmagazine
Bitcoinmagazine
· May 19

JPMorgan To Allow Clients To Buy Bitcoin, Jamie Dimon Says

JPMorgan Chase CEO Jamie Dimon reaffirmed his personal disapproval of Bitcoin, despite announcing that the bank will allow clients to purchase Bitcoin, though it will not custody the digital asset. Dimon compared buying Bitcoin to smoking—acknowledging clients’ rights to invest while expressing skepticism about Bitcoin’s intrinsic value and its use...
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Business