Nigeria Financial News

₹6,204 per bbl, having swung between ₹6,175 and ₹6,321 per bbl during the session so far, compared to their previous close of ₹6,246 per bbl.   The U.S. dollar index edged higher after hitting a 15-month low during the session, as investors consolidated ahead of the weekend.

A post shared by Asser Malik (@asser.malik) Actress Priyanka Chopra also extended her birthday wishes to Malala on Instagram, hoping for the best for her always. To commemorate Malala Day, Michelle Obama took to Twitter to express her admiration for Malala Yousafzai and the impact she has made on girls worldwide. Michelle Obama, through her organization Girls Alliance, reached out to members from Namibia, India, Nepal, Guatemala, and Uganda, asking them to share why Malala inspires them.

Investing.com — Crude oil prices edged lower Friday but remained on course for hefty weekly gains on the back of disrupted global supplies, hopes for higher U.S. demand and a weaker dollar.

DUBAI (Reuters) — Standard Chartered said on Friday it has reached an agreement to sell its subsidiaries in sub-Saharan Africa to Nigeria's Access Bank, putting into motion a plan announced last year to divest those businesses.

New Delhi: International crude oil prices traded flat on Friday after a surge in the previous session due to concerns of supply disruption. At 5.25 pm, the September contract of Brent on the Intercontinental Exchange was trading at $81.40 per barrel, higher by 0.05% from its previous close. The August contract of West Texas Intermediate (WTI) was just 0.01% higher at $76.90 a barrel.

By Natalie Grover

Investing.com-- Oil prices rose in Asian trade on Friday, hovering near 10-week highs on the prospect of tighter supplies, amid disruptions in Libya and Nigeria, while data showing a drop in U.S. inflation also supported sentiment. 

inflation data raised hopes that the Federal Reserve was close to the end of its rate hike cycle. The dollar index, which measures the US currency against six major rivals, was down to 99.64, the lowest since April 2022.

Brent crude futures rose 27 cents, or 0.3%, to $81.63 per barrel at 0028 GMT. U.S. West Texas Intermediate crude futures rose 35 cents, or 0.5%, to $77.24.

central banks across emerging and advanced economies are expected to have digital currencies in circulation by the end of the decade, the Bank for International Settlements (BIS) found in a survey published on Monday. Central banks around the globe have been studying and working on digital versions of their currencies for retail use to avoid leaving digital payments to the private sector amid an accelerating decline of cash. Some are also looking at wholesale versions for transactions between financial institutions. Most of the new Central Bank Digital Currencies (CBDCs) will emerge in the retail space, where eleven central banks could join peers in the Bahamas, the Eastern Caribbean, Jamaica and Nigeria which already run live digital retail currencies, the BIS found in its survey of 86 central banks conducted late 2022. On the wholesale side, which in future could allow financial institutions to access new functionalities thanks to tokenisation, nine central banks could launch CBDCs, the BIS said.

As 93% of the central banks are already conducting research on central bank digital currencies (CBDCs), the uncertainty about this form of digital money among them fades. There could be up to 15 retail and 9 wholesale CBDCs in circulation by 2030. 

According to Schengen Statistics, Algerian nationals were refused Schengen visa applications the most in 2022, with a total of 179,409 visas not being issued with the total rate of not issued uniform visas reaching 45.8 per cent. The list of top ten countries with the highest Schengen visa rejection rates for 2022 also included countries like Turkey, Morocco and Russia, which had 120,876, 119,346 and 68,753 visa applications rejected, respectively.

The president of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), Obinna Iwunna, has commented on the implementation of the Finance Act, 2023, which was signed into law on May 28. According to Iwunna, the successful execution of the law will be challenging due to its premature introduction.

New Delhi: Disney+ Hotstar, the video streaming platform owned by the Walt Disney Co, has announced that its new show, The Trial starring Kajol, will stream on 14 July. Over-the-top streaming platforms are increasingly relying on the innate urge of Bollywood A-listers to find an audience and reach out to the masses, to expand their subscriber base, said media experts.

economy has been growing steadily for a decade, last year by 4.7%. In 2010 GDP per person, adjusted for prices, was 53% of the EU average; by 2021 it was 74%. Meanwhile the population shrank from 23.2m in 1990 to 19m today.

The Associated Press.  Grave violations include the recruitment and use of children by combatants, killings and injuries, sexual violence, abductions, and attacks on schools and hospitals. UNICEF also expressed particular concern about their plight in Haiti, Nigeria, Ethiopia, Mozambique, and Ukraine, where Russia has been put on the UN blacklist.

New U.S. legislation would ban imported products containing critical green transition minerals mined by child labor in Congo

By Libby George

While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and "corruption," executives told Cointelegraph.

The Australian government needs to quicken its pace in developing crypto regulation or risk falling behind developing markets, according to the chair of a new crypto think tank.

Crypto giant Binance has issued a cease and desist notice against Binance Nigeria Limited, a “scam entity.” purporting to be associated with Binance.