The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against the Central Bank of Nigeria (CBN) over the recent increase in Automated Teller Machine (ATM) transaction fees. The organization filed a lawsuit at the Federal High Court in Lagos, seeking to prevent the implementation of what it describes as an unjust policy that…
In a significant move to boost Nigeria’s financial technology sector, President Bola Tinubu has reaffirmed his administration’s commitment to supporting businesses that provide payment infrastructure services for Nigerians and Africans. During a meeting held at the Presidential Villa in Abuja on Saturday, President Tinubu welcomed key stakeholders from Flutterwave and Alami Capital, where he emphasized…
The cryptocurrency market displayed a mix of movements on February 21, with Bitcoin (BTC) making headlines by surpassing the $98,000 threshold. Meanwhile, Ethereum (ETH) and Solana (SOL) recorded modest gains, contributing to a slight uptick in the overall market. The global crypto market capitalization reached $3.23 trillion, reflecting a nearly 1% increase from the previous…
Thursday saw a sharp decline in global equity markets, while gold surged to near-record highs. Investors marked two key milestones: one month since Donald Trump returned to the White House and five years since COVID-19 first sent shockwaves through financial markets. Gold prices soared, inching close to the $3,000 per ounce mark as fears of…
Canadian stock futures dipped on Wednesday as investors reacted to U.S. President Donald Trump’s latest tariff threats and awaited the release of the Federal Reserve’s January meeting minutes. The uncertainty surrounding trade policies and monetary decisions has heightened market caution, affecting global economic sentiment. As of 6:11 a.m. ET (11:11 GMT), futures linked to Canada’s…
The U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a shift in market sentiment on February 18, as net outflows took center stage. This downturn coincided with Bitcoin briefly dipping below the $95,000 mark, a move largely attributed to declining optimism regarding the potential establishment of a Strategic Bitcoin Reserve (SBR) under a possible Trump administration….
Asian stock markets saw modest gains on Monday, with Hong Kong’s tech sector leading the way. Optimism surrounding China’s AI industry helped sustain momentum, while Japan’s surprisingly strong economic growth lifted the yen against the dollar. Meanwhile, a weaker U.S. retail sales report added to global economic concerns. Investors also closely monitored geopolitical developments, particularly…
As Bitcoin soared 47% in the fourth quarter of 2024, institutional investors—including wealth management firms, hedge funds, and pension funds—dramatically increased their exposure to U.S. exchange-traded funds (ETFs) linked to Bitcoin’s price, according to recent regulatory filings. One of the most notable moves came from the State of Wisconsin Investment Board, which more than doubled…
Canada’s main stock index took a hit on Wednesday, dragged down by technology stocks, after a key U.S. inflation report dampened hopes for interest rate cuts by the Federal Reserve this year. The S&P/TSX Composite Index dropped 0.46%, closing at 25,514.73, as investors reacted to the latest economic data from the U.S. New figures revealed…
In a significant development for the crypto industry, Federal Reserve Chair Jerome Powell acknowledged concerns over the debanking of crypto businesses and suggested it was time for regulators to reassess the issue. Speaking before the Senate Banking Committee on February 11, Powell responded to growing criticism that crypto firms are being unfairly denied access to…
