Culled—Proshare March 4, 2017/Bloomberg After assembling a research team in 2014, the People’s Bank of China has done trial runs of its prototype cryptocurrency. That’s taking it a step closer to becoming one of the first major central banks to issue digital money that can be used for anything from […]
Updates
Can we be Optimistic on our Economic Expectation?
Culled—Proshare March 4, 2017/NASD Plc Despite an aggregate contraction of 1.51% GDP in December 2016, some industries ran counter to the downturn. Agriculture and Mining grew by 4.03% and 1.89% in the last quarter of the year. This implies they may be important catalysts in reversing the downward trend of […]
Forex: CBN to inject fresh $350m into interbank market
4/3/2017/Punch Gbenro Adeoye The Central Bank of Nigeria is set to pump more United States dollars into the foreign exchange market this weekend, in continuation of its strategy to further strengthen the value of the naira, Saturday PUNCH has learnt. A source at the apex bank told our correspondent on […]
