Author: Marketforces Africa

The dollar retreated against its major partners in early-Thursday trading, as appetite for risk-taking

GCR Ratings has affirmed Coronation Merchant Bank Limited’s national scale long-term

Amidst low-sentiment driven slowdown, Cryptoassets prices jump after Elon Musk

Oando Plc has entered into a settlement with the Securities and Exchange Commission

Dollar-Backed Stablecoins to Become Part of Payment Universe Asset-backed stablecoins are to become part of the payment universe amidst increasing interest of the United States regulator’s oversight despite some shortcomings noted. Recently, US Federal Reserve Chairman Jerome Powell in testimony to the House Financial Services Committee discussed introducing regulation and increasing oversight of stablecoins, Moody’s said in a report. Noting that stablecoins might become “a significant part of the payments universe,” Powell argued the clear need for a strong regulatory framework and said that the Federal Reserve plans to publish a white paper on digital currency in early September. Fed’s…

The Department of Petroleum Resources (DPR) has warned that the pump price of petrol

Nigeria’s local currency, naira, gains as dollar volume traded at the investors and exporters

Weak consumption spending, low importation from the manufacturing sector

Inflation rate slowdown will ruffle treasury yield adjustment in the third quarter of 2021

Nigerian stocks rally Friday as inflation rate slowdown drives buying interest at the local bourse