Tag: interest
GTCO Reports Interest Income of N458bn Despite Rising Costs
Guaranty Trust Holding Company (GTCO) reported a rise in interest income to N458.5 billion for the first quarter of 2026, up from N386 billion last year. The growth was driven by increased interest from loans and advances to customers, which rose by around 25%. However, the banking group saw a 15.4% drop in net profit
Bank of Canada set to keep interest rate unchanged as oil prices push inflation higher
The Bank of Canada is expected to keep its benchmark interest rate unchanged at 2.25 percent when it announces its latest decision.The central bank will also release its updated economic outlook in its quarterly monetary policy report.Economists say the decision comes as policymakers weigh...
High Interest Rates Threaten Growth, Stakeholders Warn CBN
CBN Governor, Olayemi Cardoso High interest rates remain a major concern for businesses, with stakeholders warning that persistently tight monetary policy could slow economic growth and limit access to credit. President of the Enugu Chamber of Commerce, Industry, Mines and Agriculture, Nnanyelugo Onyemelukwe, said the Central Bank of Nigeria’s (CBN) reforms have strengthened transparency and
All about TAO’s 15% hike and how its Open Interest hit new highs
Bittensor (TAO) is making waves. Especially since a t press time, TAO stood out as one of the day’s biggest gainers. The altcoin recorded a 15% daily surge, sparking fresh interest from both traders and investors. Needless to say, this sharp move has triggered a noticeable shift in market activity, with buyers further extending their dominance.
Interest in Lookman soars despite Atalanta scuffle
Soccer
Monza, Italy, 4th May 2025. Ademola Lookman of Atalanta during the AC Monza vs Atalanta Serie A match at U-Power Stadium, Monza. .
Super...
“There was interest”
Soccer
Super Eagles midfielder Alex Iwobi has admitted that he could have joined Nottingham Forest in 2023, but the transfer did not work out,...
NBE, Banque Misr cut interest rate on US dollar CDs
Banque Misr and the National Bank of Egypt (NBE) on Tuesday announced a reduction in the interest rate for the three-year dollar-denominated certificates of deposits (CDs) with a quarterly return to five percent – down from six percent annually. The interest rate on the three-year CDs with a prepaid return...
Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy
OTTAWA —The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the tariff battle with the United States starts to weigh on the Canadian economy. The policy rate stands at 2.75 per cent after the central bank’s seventh consecutive rate cut...
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Bitcoin
Bitcoin Rallies as US Crypto Bill Nears Finish Line, AI Trade Cools
Bitcoin rose about 2% to trade above US$66,800 on Tuesday, and Coinbase shares closed up 9.6% at US$175.85. Treasury Secretary Scott Bessent said Congress was at the “1-yard line” on the CLARITY Act and pressed lawmakers to pass it before the August recess. The bill passed the House 294-134 in July 2025 but sits on
Peter
PHOTOS: Peter Obi Reveals Outcome of Meeting with Swiss Ambassador
Presidential candidate of the National Democratic Congress (NDC), Peter Obi, has revealed the outcome of his meeting with the Swiss Ambassador to Nigeria, Patrick Egloff. Obi disclosed that his discussions with the Swiss official focused on strengthening development partnerships and advancing Nigeria’s growth through investments in education, healthcare and poverty reduction. In a post shared
Bitcoin
Bitcoin is NOT Changed by Proof Of Node
You might have heard about BIP-110; here’s why this fork is not just bad for Bitcoin, but it is built on a misunderstanding of what a Bitcoin node is and what it is good for. As well as why, because of this misunderstanding, BIP-110 will fail. This article is a Take . Opinions expressed are
Bitcoin
Bitcoin Maxi Jack Dorsey Unveils New Open Source Group Chat App
Tech entrepreneur Jack Dorsey has announced a new group chat platform aimed at reducing teams’ reliance on platforms like Slack, in the Bitcoin maxi’s latest push for decentralization. The Block co-founder wrote Tuesday on X that the new app, named Buzz, was “for teams of people and agents of all sizes” and “model-agnostic, decentralized, self-sovereign
Coinbase
Coinbase Wants To Be Canada’s ‘Everything Exchange’ — With Crypto, Stocks, and Prediction Markets
Crypto giant Coinbase is making its “everything exchange” push in Canada. Eric Richmond, country director and CEO of Coinbase Canada, told BNN Bloomberg in a Tuesday interview that the move would allow Canadians to not only buy crypto but also trade tokenized stocks and put money on prediction markets. “Coinbase believes we have a new