Author: Marketforces Africa

The Nigerian local currency, naira, traded stronger against the United States dollar at the investors

Spot rates on Open Market Operations (OMO) Bills were steady as the Central Bank of Nigeria

The US dollar declined modestly against its major trading partners early Friday

Gold retreated back under the US$1,800 mark early on Thursday as bond yields rose to the highest

Since I am a Nigerian, Naira remains a means of transaction but I don’t like how the local currency

Manchester United (MANU) said Thursday Richard Arnold has been appointed as its chief executive

The U.S dollar firmed against its major trading partners early Thursday

In line with global development, the Federal Government of Nigeria has said that it would be charging

Embraer and Overland Airways from Nigeria have signed a firm order for three new E175 aircraft

Bitcoin to Hit $100K, if Replaces Gold as SOV, Says Goldman Sachs Bitcoin adoption will continue to take market share from gold and price could reach $100,000, according to analysts at the leading global investment bank, Goldman Sachs. The analyst noted that if Bitcoin continues to eat into the market share of gold as a “store of value” (SOV) asset, it could rise to the price tag within the next five years. Goldman estimates that Bitcoin’s float-adjusted market capitalization is just under $700 billion. That accounts for a 20% share of the “store of value” market which it said is…