Olumide Adesina, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Thu, 13 Jun 2024 08:34:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Olumide Adesina, Author at Nairametrics 32 32 201037849 Why global banks control forex trading https://nairametrics.com/2024/06/13/why-global-banks-control-forex-trading/ https://nairametrics.com/2024/06/13/why-global-banks-control-forex-trading/#respond Thu, 13 Jun 2024 07:38:31 +0000 https://nairametrics.com/?p=491163 Bank traders account for 92% of all Forex trading activity.

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]]> https://nairametrics.com/2024/06/13/why-global-banks-control-forex-trading/feed/ 0 491163 Naira strengthens below N1,500/$ bandwidth amid U.S interest rate decision https://nairametrics.com/2024/06/12/naira-strengthens-below-n1500-bandwidth-amid-u-s-interest-rate-decision/ https://nairametrics.com/2024/06/12/naira-strengthens-below-n1500-bandwidth-amid-u-s-interest-rate-decision/#respond Wed, 12 Jun 2024 08:00:40 +0000 https://nairametrics.com/?p=491121 The naira posted some gains against the greenback as the dollar index moderated significantly while market players awaited America's inflation data and the U.S. Federal Reserve's interest rate decision due later in the day.

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]]> https://nairametrics.com/2024/06/12/naira-strengthens-below-n1500-bandwidth-amid-u-s-interest-rate-decision/feed/ 0 491121 Naira snap early gains against Euro, far right strengthens grip on Europe https://nairametrics.com/2024/06/10/naira-snap-early-gains-against-euro-far-right-strengthens-grip-on-europe/ https://nairametrics.com/2024/06/10/naira-snap-early-gains-against-euro-far-right-strengthens-grip-on-europe/#respond Mon, 10 Jun 2024 07:12:27 +0000 https://nairametrics.com/?p=490952 Euro skidded against the naira in the unofficial market on Monday after French President Emmanuel Macron called a snap election following a defeat in the European Union vote by the far-right.

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]]> https://nairametrics.com/2024/06/10/naira-snap-early-gains-against-euro-far-right-strengthens-grip-on-europe/feed/ 0 490952 Nigeria crude settles at $81 a barrel despite meltdown in global crude oil market https://nairametrics.com/2024/06/09/nigeria-crude-settles-at-81-a-barrel-despite-meltdown-in-global-crude-oil-market/ https://nairametrics.com/2024/06/09/nigeria-crude-settles-at-81-a-barrel-despite-meltdown-in-global-crude-oil-market/#respond Sun, 09 Jun 2024 12:36:06 +0000 https://nairametrics.com/?p=490937 Nigeria’s Brass River, Bonny Light, and Qua Iboe are trading above $81.55 a barrel, about two dollars higher than the active Brent contract.

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]]> https://nairametrics.com/2024/06/09/nigeria-crude-settles-at-81-a-barrel-despite-meltdown-in-global-crude-oil-market/feed/ 0 490937 Naira approaches N1500/$ border line as dollar index surged by 80 basis point https://nairametrics.com/2024/06/08/naira-approaches-n1500-border-line-as-dollar-index-surged-by-80-basis-point/ https://nairametrics.com/2024/06/08/naira-approaches-n1500-border-line-as-dollar-index-surged-by-80-basis-point/#respond Sat, 08 Jun 2024 10:03:53 +0000 https://nairametrics.com/?p=490863 Naira posted significant losses against the haven currency at the last reading session of the week as investors increased their buying pressure on the greenback.

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]]> https://nairametrics.com/2024/06/08/naira-approaches-n1500-border-line-as-dollar-index-surged-by-80-basis-point/feed/ 0 490863 Bitcoin interest strongest in Niger Delta, Southeast lead on Ethereum, Katsina meme coin stronghold  https://nairametrics.com/2024/06/07/bitcoin-interest-strongest-in-niger-delta-southeast-lead-on-ethereum-katsina-meme-coin-stronghold/ https://nairametrics.com/2024/06/07/bitcoin-interest-strongest-in-niger-delta-southeast-lead-on-ethereum-katsina-meme-coin-stronghold/#respond Fri, 07 Jun 2024 07:12:32 +0000 https://nairametrics.com/?p=490799 Nigeria's cryptocurrency market continues to grow despite being cut off from the country's financial system and facing fresh criticism from President Tinubu's administration.

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]]> https://nairametrics.com/2024/06/07/bitcoin-interest-strongest-in-niger-delta-southeast-lead-on-ethereum-katsina-meme-coin-stronghold/feed/ 0 490799 Bitcoin breaks $71k resistance, as 41,265 traders lose all their money https://nairametrics.com/2024/06/05/bitcoin-breaks-71k-resistance-as-41265-traders-lose-all-their-money/ https://nairametrics.com/2024/06/05/bitcoin-breaks-71k-resistance-as-41265-traders-lose-all-their-money/#respond Wed, 05 Jun 2024 09:28:40 +0000 https://nairametrics.com/?p=490644 Bitcoin broke the $71,000 resistance line on Wednesday morning, causing significant losses for a large number of short sellers.

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]]> https://nairametrics.com/2024/06/05/bitcoin-breaks-71k-resistance-as-41265-traders-lose-all-their-money/feed/ 0 490644 Naira lurks within N2,000 price mark against British Pounds https://nairametrics.com/2024/06/04/naira-lurks-within-n2000-price-mark-against-british-pounds/ https://nairametrics.com/2024/06/04/naira-lurks-within-n2000-price-mark-against-british-pounds/#respond Tue, 04 Jun 2024 08:53:47 +0000 https://nairametrics.com/?p=490574 Naira languished against the British pound near the N2,000 support line, as the fortunes of the British currency gained momentum in global FX markets.

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]]> https://nairametrics.com/2024/06/04/naira-lurks-within-n2000-price-mark-against-british-pounds/feed/ 0 490574 Nigeria’s interest in Bitcoin immune to FG clampdown on crypto market https://nairametrics.com/2024/06/02/nigerias-interest-in-bitcoin-immune-to-fg-clampdown-on-crypto-market/ https://nairametrics.com/2024/06/02/nigerias-interest-in-bitcoin-immune-to-fg-clampdown-on-crypto-market/#respond Sun, 02 Jun 2024 08:44:46 +0000 https://nairametrics.com/?p=490455 Nigerians are still outraged by President Tinubu's administration's clampdown on P2P trading in the cryptocurrency industry

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]]> https://nairametrics.com/2024/06/02/nigerias-interest-in-bitcoin-immune-to-fg-clampdown-on-crypto-market/feed/ 0 490455 Naira drops 5.6% against dollar in May in official market https://nairametrics.com/2024/06/01/naira-drops-5-6-against-dollar-in-may-in-official-market/ https://nairametrics.com/2024/06/01/naira-drops-5-6-against-dollar-in-may-in-official-market/#respond Sat, 01 Jun 2024 08:42:59 +0000 https://nairametrics.com/?p=490409 The Nigerian currency ended the month weaker, despite a monthly decline in the dollar index.

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]]> https://nairametrics.com/2024/06/01/naira-drops-5-6-against-dollar-in-may-in-official-market/feed/ 0 490409 Naira holds N1500/$ line amid EFCC clampdown on street trading https://nairametrics.com/2024/05/25/naira-holds-n1500-line-amid-efcc-clampdown-on-street-trading/ https://nairametrics.com/2024/05/25/naira-holds-n1500-line-amid-efcc-clampdown-on-street-trading/#respond Sat, 25 May 2024 07:10:10 +0000 https://nairametrics.com/?p=489891 The naira held its ground on the unofficial market, appreciating against the dollar on the parallel market as the dollar index posted some losses amid profit-taking.

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]]> https://nairametrics.com/2024/05/25/naira-holds-n1500-line-amid-efcc-clampdown-on-street-trading/feed/ 0 489891 Naira shows stability, aftermath of CBN’s MPC meeting https://nairametrics.com/2024/05/23/naira-shows-stability-aftermath-of-cbns-mpc-meeting/ https://nairametrics.com/2024/05/23/naira-shows-stability-aftermath-of-cbns-mpc-meeting/#respond Thu, 23 May 2024 07:59:29 +0000 https://nairametrics.com/?p=489706 The naira traded within a tight range on Thursday following the recently concluded Monetary Policy Committee (MPC) meeting.

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]]> https://nairametrics.com/2024/05/23/naira-shows-stability-aftermath-of-cbns-mpc-meeting/feed/ 0 489706 Naira breaks below 1500/$ as CBN decides on interest rates today https://nairametrics.com/2024/05/21/naira-breaks-below-1500-as-cbn-decides-on-interest-rates-today/ https://nairametrics.com/2024/05/21/naira-breaks-below-1500-as-cbn-decides-on-interest-rates-today/#respond Tue, 21 May 2024 08:30:51 +0000 https://nairametrics.com/?p=489514 The naira stayed around a key support line in the country's unofficial market as analysts expect Nigeria’s apex bank to increase interest rates later today.

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]]> https://nairametrics.com/2024/05/21/naira-breaks-below-1500-as-cbn-decides-on-interest-rates-today/feed/ 0 489514 Bitcoin hits highest point since halving https://nairametrics.com/2024/05/20/bitcoin-hits-highest-point-since-halving/ https://nairametrics.com/2024/05/20/bitcoin-hits-highest-point-since-halving/#respond Mon, 20 May 2024 08:08:47 +0000 https://nairametrics.com/?p=489415 Bitcoin's price shot up to its highest point since the much-discussed halving event on April 19, reaching a recent high of $67,000

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]]> https://nairametrics.com/2024/05/20/bitcoin-hits-highest-point-since-halving/feed/ 0 489415 Does the risk of investing in meme assets make sense?  https://nairametrics.com/2024/05/18/does-the-risk-of-investing-in-meme-assets-make-sense/ https://nairametrics.com/2024/05/18/does-the-risk-of-investing-in-meme-assets-make-sense/#respond Sat, 18 May 2024 11:38:20 +0000 https://nairametrics.com/?p=489312 This week’s meme-stock pop hit the U.S. equity markets once again.

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]]> https://nairametrics.com/2024/05/18/does-the-risk-of-investing-in-meme-assets-make-sense/feed/ 0 489312 Naira breaks key resistance amid improved dollar supply, weak inflation readings https://nairametrics.com/2024/05/16/naira-breaks-key-resistance-amid-improved-dollar-supply-weak-inflation-readings/ https://nairametrics.com/2024/05/16/naira-breaks-key-resistance-amid-improved-dollar-supply-weak-inflation-readings/#respond Thu, 16 May 2024 08:20:33 +0000 https://nairametrics.com/?p=489106 The naira clawed back some of its losses against the dollar amid prospects for rate cuts in the world's largest economy improved, and U.S. core inflation and weaker-than-expected inflation readings in Nigeria.

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]]> https://nairametrics.com/2024/05/16/naira-breaks-key-resistance-amid-improved-dollar-supply-weak-inflation-readings/feed/ 0 489106 Naira loses key support despite U.S dollar index at monthly low https://nairametrics.com/2024/05/15/naira-loses-key-support-despite-u-s-dollar-index-at-monthly-low/ https://nairametrics.com/2024/05/15/naira-loses-key-support-despite-u-s-dollar-index-at-monthly-low/#respond Wed, 15 May 2024 09:43:49 +0000 https://nairametrics.com/?p=488988 The Naira continued its decline across the country's unofficial FX market, depreciating to a new low of 1,540 per dollar on the parallel market despite a falling U.S. dollar index.

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]]> https://nairametrics.com/2024/05/15/naira-loses-key-support-despite-u-s-dollar-index-at-monthly-low/feed/ 0 488988 Naira at 7th week low with U.S inflation data insight https://nairametrics.com/2024/05/13/naira-at-7th-week-low-with-u-s-inflation-data-insight/ https://nairametrics.com/2024/05/13/naira-at-7th-week-low-with-u-s-inflation-data-insight/#respond Mon, 13 May 2024 08:27:15 +0000 https://nairametrics.com/?p=488710 The dollar consolidated against major peers on Monday as market participants while the naira oscillated near its March 20 lows as traders await a key inflation report to assess the prospects of U.S interest rate cuts this year

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]]> https://nairametrics.com/2024/05/13/naira-at-7th-week-low-with-u-s-inflation-data-insight/feed/ 0 488710 Naira within N1500/$ mark once again https://nairametrics.com/2024/05/11/naira-within-n1500-mark-once-again/ https://nairametrics.com/2024/05/11/naira-within-n1500-mark-once-again/#respond Sat, 11 May 2024 06:37:19 +0000 https://nairametrics.com/?p=488590 The Nigerian currency breached the N1,450 mark against the greenback on the black market amid evolving market dynamics in Nigeria's fragile FX market.

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]]> https://nairametrics.com/2024/05/11/naira-within-n1500-mark-once-again/feed/ 0 488590 Naira settles above N1,750 against British pound as Bank of England meets today https://nairametrics.com/2024/05/09/naira-settles-above-n1750-against-british-pound-as-bank-of-england-meets-today/ https://nairametrics.com/2024/05/09/naira-settles-above-n1750-against-british-pound-as-bank-of-england-meets-today/#respond Thu, 09 May 2024 09:51:59 +0000 https://nairametrics.com/?p=488414 The naira traded at the lower end of its range against the British pound sterling, edging lower ahead of a Bank of England interest rate decision.

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]]> https://nairametrics.com/2024/05/09/naira-settles-above-n1750-against-british-pound-as-bank-of-england-meets-today/feed/ 0 488414