Nigerian naira (NGN) is the
official currency of the Federal Republic of Nigeria. The Nigerian naira is
managed by the Central Bank of Nigeria. It distributes and attempts to maintain
price stability with it. One naira is subdivided into 100 kobos. As of March
2021, 1 U.S. dollar is equal to around 380 NGN, so it takes 380 NGN to buy one
dollar. The Central Bank of Nigeria has the sole authority to issue banknotes
We won’t bore you with lots of
dates and details. In this article, we’ve compiled some of the most important
facts about naira, and here they are:
- The name Naira
was first introduced by more…
Bitcoin has been
trading sideways for the entire month now. The BTC/USD pair has made 2
unsuccessful attempts to break through the bearish level of $ 40,000 and 3
failed attempts to break through the bullish $ 30,000.
While bitcoin is
stagnant, traders have switched their attention to altcoins. After the BTC rate
began to correct from $ 42,000 area, the altcoin market came to life: billions
of dollars are circulating on crypto exchanges every day.
If you are stuck with
Bitcoin trades, it’s time to take profits and look around: altcoins are
becoming more and more attractive every day. Let’s start our analysis with
Ethereum, the second most popular cryptocurrency.
1. How did the first Forex market look?
The barter system is the oldest method of exchanging goods for other goods. It was first introduced in 6000BC by Mesopotamia tribes. Back in the day, salt and spices were used as the main mediums of exchange. This is how the first-ever form of foreign exchange looked like. Eventually, the first gold coins were produced in the 6th century BC, and they acted as a currency. Although gold coins were widely accepted as a medium of exchange, they appeared to be impractical because they were quite heavy. In 1875, the countries adopted the Gold more…
Congratulations, we’ve made it through 2020! This eventful year is almost over. Let’s take a moment to look back and recall its key events.
It’s difficult to
even start to comprehend how much this expiring year has changed our lives. We
are all wearing masks and washing our hands several times a day now. If someone
told us back in 2019, that we wouldn’t be able to travel or even leave our house,
we would laugh in their face. But we did face the lockdown and spent several
months self-distancing, in isolation.
But apart from the
much-hyped coronavirus, what other key events are worth considering? We believe
that there were more…
2021 begins there are hopeful signs that the markets will continue to recover
this year. A new US president is
promising a return to normalcy and the multi-billion US stimulus package is
expected to provide a modest boost to the economy very soon.
market trends are expected to continue well into 2021. Here are a few to look
January 20, Joseph Robinette Biden Jr. will be sworn in as the 46th president
of the United States.
analysts are predicting that his administration will bring more certainty and
stability to the global economy, and that’s good news for the markets. The
outlook is positive and Wall more…