CRe Investment to acquire all outstanding shares of CRe Nigeria

November 27, 2018

 Afolabi Oluwaseun The board of directors of Continental Reinsurance Plc (CRe Nigeria) has announced that it has received an offer from CRe African Investment (CRe Investments), to acquire all the outstanding and issued shares of CRe Nigeria. In a bid to consolidate CRe Nigeria’s operations and repositioning it for enhanced competitiveness in the global insurance […]

Exploring the capital market window for universities’ funding

November 27, 2018

Uche Uwaleke The kernel of the current industrial action embarked upon by the Academic Staff Union of Universities is funding of public universities in Nigeria. The university teachers are not happy over the non-implementation of the Memorandum of Action (MOA) signed with the Federal Government with respect to revitalisation of public universities. Owing to increasing […]

Only 8.5% of bitcoin, cryptocurrency traders are female

Joel EneogweMay 14, 2018

A new demographic analysis of people trading in cryptocurrencies has shown that only very few – 8.5 percent – are female, with most having little to no previous experience. The study also showed that many of this 8.5 percent are students or working in sales and marketing roles. The research, conducted by Etoro, a social […]

CME Group ups operations with instant ethereum reference rate, price index

Businessam StaffMay 14, 2018

CME Group, a derivatives exchange operator has upped its operations with the introduction of an ethereum reference rate and a real-time ethereum-dollar index in partnership with UK-based digital asset trading service, Crypto Facilities. The group on Monday said it would make available daily benchmark price in U.S. dollars each 24 hours, as well as the […]

Vietnam’s foreign currency lending skyrockets in 8 months

Businessam StaffSeptember 19, 2017

Vietnam’s lending in foreign currencies grew 11.5 percent in the first eight months of this year, 6.7 fold higher than the same period last year. Meanwhile, lending in Vietnamese dong (VND) grew 11 percent, according to the country’s National Financial Supervision Commission on Tuesday. Local experts attributed the significant growth in foreign currency credit to […]

China’s yuan rebounds as economic optimism returns

Businessam StaffSeptember 11, 2017

U.S. Dollar

For those who worry about the state of the world economy, China has long been a major reason to lose sleep. Its financial system labours under a mountain of loans, while weaker growth has prompted many Chinese people and companies to move their money overseas in recent years. China still faces hefty debt and slowing […]

Bitcoin jumps after first solution to major ideological divide

Businessam StaffJuly 18, 2017

Bitcoin reversed steep losses as miners began using new software which aims to bridge an ideological gap that has threatened to divide the crypto-currency. Bitcoin’s community has been at bitter odds for more than two years about how to solve its scaling problem, which has hampered the cryptocurrency’s growth and allowed rivals like ethereal to […]