Global oil prices continued their upward trajectory for the fifth consecutive day on Tuesday, driven by growing concerns over supply disruptions following the latest U.S. tariffs targeting countries that purchase oil from Venezuela. Market Movement By 9:50 AM WAT, Brent crude futures had risen by 31 cents to $73.28 per barrel, while U.S. West Texas…
Bitcoin and other leading cryptocurrencies extended their gains on Monday, driven by strong investor sentiment despite looming U.S. tariffs and key economic data releases later this week. As of 7:00 AM WAT, Bitcoin climbed 3.2% to $86,590, while Ethereum followed suit with a 2.3% gain, trading at $2,047. The global cryptocurrency market capitalization surged by…
Asian markets experienced volatility on Monday as investors braced for the White House’s impending tariffs on key trading partners—an economic move that many fear could have far-reaching consequences. With the levies set to take effect on April 2, uncertainty continues to cast a shadow over global markets, dampening investor confidence. A recent report suggesting that…
UK Finance Minister Rachel Reeves has set an ambitious goal to reduce government operational costs by 15% within four years, a move aimed at addressing the country’s strained public finances. Speaking ahead of her highly anticipated Spring Statement on Wednesday, Reeves outlined her commitment to streamlining government spending while maintaining key fiscal rules. In an…
The Federal Account Allocation Committee (FAAC) has shared approximately N1.7 trillion in revenue among Nigeria’s federal, state, and local governments for February 2025. According to a statement released by the Director of Press and Public Relations, Bawa Mokwa, the total sum distributed was N1.678 trillion. The revenue-sharing process took place at the March 2025 FAAC…
Binance, the world’s largest cryptocurrency exchange, has announced its decision to remove five digital assets from its platform following a periodic evaluation of their compliance with industry standards. The affected tokens—Aergo (AERGO), AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA)—are set to be delisted from all spot trading pairs on March 28, 2025,…
The Swiss National Bank (SNB) remains firm in its decision to exclude Bitcoin and other digital assets from its foreign exchange reserves, according to Governor Martin Schlegel. Speaking to Bloomberg, Schlegel cited Bitcoin’s extreme volatility, instability, and regulatory challenges as key reasons for the SNB’s stance, emphasizing that such assets do not align with the…
Asian equities mostly advanced on Thursday, buoyed by comments from US Federal Reserve Chair Jerome Powell that suggested any inflationary impact from tariffs would likely be short-lived. However, concerns linger as the Fed revised its growth outlook downward while raising its inflation projections. Recent weeks have seen heightened market volatility, driven largely by US President…
The U.S. is about to witness a major milestone in the crypto market as Solana exchange-traded funds (ETFs) tracking futures make their official debut. According to Bloomberg, Volatility Shares, a Florida-based asset management firm, has secured approval to launch the first-ever Solana futures ETFs in the country. The funds are set to begin trading on…
Asian stock markets surged on Tuesday, buoyed by another strong session on Wall Street and renewed investor confidence in China’s economy. The rally came as fresh U.S. economic data eased recession fears, while Chinese tech stocks powered another impressive upswing in Hong Kong. Investor sentiment received a lift after Beijing announced a series of measures…
