OPINION/EDITORIAL

The Cryptocurrency frenzy; A call for caution

July 7, 2021/CSL Research A Guardian news report says an increasing number of Nigerian youths are investing in cryptocurrencies despite a financial regulatory restriction imposed on dealings in the digital currencies by the Central Bank of Nigeria (CBN) in February and the recent crash that saw Bitcoin, the flagship asset, […]

Oil Rally Grinds To A Halt

July 6, 2021/OilPrice.com U.S. WTI futures are retreating after having reached a six-year high on Tuesday morning. The OPEC+ standoff has been the latest in a string of bullish events that has sent crude prices up by almost 60 percent since the beginning of the year. In this week’s newsletter, […]

CBN Funding the Government

July 6, 2021/Coronation Research In times of recession, and of budget shortfall, it is only normal to expect a central bank to lend money to its government. However, in Nigeria it appears to have become a habit. And the stock of debt is mounting. FX Last week, the exchange rate […]