Lagos, Jan. 9, 2025 – The Nigerian currency, the Naira, remained stable at N1,421 to the dollar at the official foreign exchange market on Thursday; The currency had depreciated to N1,421 to the dollar on Wednesday from N1,416 on Tuesday. Bid rates quoted by dealers in the market on Thursday ranged from N1,418 to N1,422 to the dollar. Meanwhile, the naira is being traded at the black market in Lagos at between N1,485 and N1,495 to the dollar.
Dollar drifts near 2-1/2-month lows as labour data leaves rate path uncertain
Singapore, Dec 17, 2025 – The U.S. dollar inched away from its lowest level since the start of October on Wednesday after data showed the labour market remained soft, leaving investors on edge about when the next rate cut from the Federal Reserve is likely to come. The euro was 0.14% weaker at $1.173, but stayed close to the 12-week high it touched in the previous session ahead of the policy decision from the European Central Bank on Thursday, where the central bank is expected to hold rates steady. …
China’s central bank vows crackdown on virtual currency, flags stablecoin concerns
Bejing, Nov. 29, 2025 – China’s central bank reaffirmed its tough stance on virtual currencies on Saturday, warning of a resurgence in speculation and vowing to crack down on illegal activities involving stablecoins. The People’s Bank of China (PBOC) said at a coordinating meeting on virtual currency regulation on Friday that crypto speculation has recently increased due to various factors, presenting new challenges for risk control, according to a statement released by the central bank. “Virtual currencies do not hold the same legal status as fiat currency and cannot …
Bitcoin drops below $90,000 in sign of souring mood
Singapore, Nov. 18, 2025 – Bitcoin slipped below $90,000 for the first time in seven months on Tuesday in the latest sign that investor appetite for risk-taking is drying up across financial markets. The risk-sensitive cryptocurrency has erased 2025 gains and is now down nearly 30% from a peak above $126,000 in October. It traded down 2% at $89,953 in the Asia afternoon, having collapsed through chart support around $98,000 last week. Market participants said a combination of doubts around future U.S. interest rate cuts and the mood in …
US Treasury, Taiwan reaffirm pledges against currency manipulation
Washington, Nov. 14, 2025 – The U.S. Treasury and Taiwan’s central bank on Friday said they agreed to continue close consultations on macroeconomic and foreign exchange rate matters and both pledged to avoid manipulating the value of their currencies to gain a competitive advantage. In a joint statement issued by the U.S. Treasury, they said that there were cases where intervention in foreign exchange markets could be considered. But this “should be reserved for combating excess volatility and disorderly movements in exchange rates, with the expectation that this tool …
Crypto market sheds $150bn as China hits back at US
London, Oct. 14, 2025 – Cryptocurrencies continued to lose ground after a historic round of liquidations that triggered a sharp selloff over the weekend. Bitcoin, the largest digital asset by market value, slumped as much as 3.75% to about $111,500 on Tuesday morning in London, while Ether fell 7.5% to below $4,000, according to data compiled by Bloomberg. Smaller, more volatile tokens sank further still, dragging the combined market value of all cryptocurrencies down by more than $150 billion over a 24-hour period, according to CoinGecko data. The slide …
Bitcoin hits record high amid U.S. fiscal uncertainty
Washington, Oct. 6, 2025 – Bitcoin surged to a new record on Sunday, climbing past $125,000 as investors sought safe havens amid mounting concerns over a potential U.S. government shutdown. The cryptocurrency reached $125,689, surpassing its previous all-time high of $124,500 recorded in August, according to Bloomberg. Analysts said the rally was supported by broader market optimism, with U.S. stocks also rising as lawmakers in Washington continued tense negotiations over federal funding. “With multiple assets, including equities, gold, and even collectibles like Pokémon cards, reaching unprecedented highs, it’s not …
Trump unveils gold, platinum visas to cost up to $5 million
Washington, Sept. 21, 2025 – President Donald Trump announced a new visa program for the world’s wealthy, a much-anticipated effort to encourage them to immigrate to the US by offering residency permits for a hefty price tag. “They’re going to spend a lot of money to come in,” Trump told reporters Friday in the Oval Office as he signed the order to create the visa program. “It’s going to raise billions of dollars, billions and billions of dollars, which is going to go to reduce taxes, pay off debt and …
Trump’s sons land $5b fortune after taking massive crypto gamble
Washington, Sep. 2, 2025 – Donald Trump’s sons have made a new fortune of around $5 billion after launching a bitcoin mining venture. Don Jr., Eric and Barron are co-founders of World Liberty Financial Investments which launched as a way for the three brothers and their partners to allow people to access financial services using cryptocurrencies and without intermediaries like banks. The venture opened for public trading on Monday and it gained WLFI $5billion in paper wealth, making it likely the Trump family’s most valuable asset, WSJ reported. The co-founders include …
Zuma urges Africa to adopt single currency for economic independence
Accra, Aug. 21, 2025 – Former South African President Jacob Zuma has called on African nations to purue a unified currency to strengthen intra-continental trade and economic sovereignty. Addressing the 2025 Annual Leadership Lecture at the University of Professional Studies, Accra (UPSA), Zuma declared, “One Africa, one currency, one destiny,” warning that continued reliance on the dollar undermined Africa’s autonomy and perpetuates colonial structures. Speaking on the theme “The Geopolitics and Geo-economics of De-dollarisation: BRICS+ Currency Strategy, Lessons for Africa’s Common Currency and Beyond,” Zuma urged the continent to harness …