Nigeria’s banking sector might be a big beneficiary as inflation decelerates, and markets anticipate a cut in the Monetary Policy Rate (MPR). So far in 2025, the NGX Banking Index has rallied from 7% in Q1 to 18% by June, and surged to 48% as of August 15, adding about N6 trillion ($3.9 billion) in
By Francisco Rodrigues (All times ET unless indicated otherwise) Crypto markets rallied in the past 24 hours, with the CoinDesk 20 (CD20) index rising 5.3% as fresh U.S. policy signals and regulatory clarity supported risk appetite across the sector. Bitcoin (BTC) gained a relatively muted 1.3% to $116,500. The rally took off after President Donald
Mutual Fund Return vs Inflation: A 1 lakh lump sum investment at a 12 per cent annualised return creates an estimated corpus of Rs 17 lakh in 25 years! But adjusted against a 6 per cent inflation, the estimated value of the same investment is just Rs 3,96,100 in today’s terms. Investment eats up a large
On 19 June, the Bank of England announced that the base rate would remain steady at 4.25%. This rate serves as a benchmark for banks and lenders to set interest rates on savings accounts, mortgages, and credit cards. Although the inflation rate remains above the bank’s target of 2%, the committee opted for a cautious