currency

Seplat Energies raked in N885.1 billion in total comprehensive income – the combined earnings that companies receive from unexpected gains in addition to profit – after the energy giant turned Nigeria’s foreign exchange crisis into its advantage. According to the corporation’s audited books released on Thursday, total comprehensive income surged more than eight times from N106.5 billion the preceding year. For an energy giant that generates its revenue mostly from the dollar, the pretty strong performance owed…

Explore this guide to cash out your crypto to fiat currency Cryptocurrencies, such as Bitcoin, Ethereum, and Dogecoin, have been gaining popularity and value in recent years, as more people and businesses adopt them as a form of digital money. However, there may come a time when you want to convert your crypto assets into fiat currency, such as US dollars, euros, or yen, for various reasons, such as paying bills, buying goods and services, or taking profits. In this article, we will explore some of the ways…

Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals.The world's biggest cryptocurrency reached $52,749, a high since December 2021. Its market capitalisation also went back above $1 trillion this week, according to cryptocurrency data platform CoinGecko. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate…

Take-Two Interactive has an interesting response to gamers upset with what the company does with the in-game currency they buy. In an ongoing dispute over whether money is essentially stolen when a game’s servers shut down, Take-Two characterized in-game virtual currency as “fictions created by game publishers.” Currently Take-Two is facing a class-action lawsuit in California related to microtransactions in the NBA 2K games. Particularly, the lawsuit takes issue with the fact that when Take-Two takes down servers for…

The Central Bank of Nigeria on Wednesday raised concerns over the increase in foreign currency exposures among Nigerian banks. In a bid to manage risks and prevent potential losses with systemic implications, the CBN issued stringent lending requirements for commercial banks. The requirements are contained in a circular addressed to all banks and signed by the duo of the apex bank’s Director of Trade and Exchange, Hassan Mahmud, and the Director of Banking Supervision, Rita Sike. The bank expressed worry over the…

Rocksteady is in the process of compensating players with $20 in-game currency for those who purchased the digital deluxe version of Suicide Squad: Kill The Justice League.The reasoning behind it is that shortly after the game went live in early access for those with the digital deluxe edition, there was a bug that caused players to "auto-complete" the game, and the only way to solve this was for Rocksteady to pull it offline. Since the game is always online, pulling it offline meant that it would become…

Happy Republic Day! To widen the use cases of central bank-backed digital currency, the RBI is exploring tokenisation of government bonds and securities. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Swiggy axes more jobs■ Byju’s dragged to NCLT, again■ Ola Cabs CEO on future plansE-rupee push: RBI looks to tokenise G-secs, customer deposits The RBI is exploring new use cases to be built on top of CBDC, or central bank-backed digital currency, and early conversations around asset…

FY23 results for Myntra, ZestMoney, Curefoods, Unacademy, Sugar Cosmetics, and Kapiva presented a mixed picture on Wednesday, with surging revenues being mostly offset by wider losses. This and more in today's ETtech Top 5.Also in this letter:■ Byju’s general counsel Roshan Thomas quits■ Retailers flag concerns over Samsung’s upgrade offer■ Norms for moving used IT hardware from SEZs easedFY23 financials for Myntra, ZestMoney, Unacademy, Curefoods, others While a host of new-age companies such as…

Google provided information that incorrectly undervalued the Polish currency the zloty by over a fifth, prompting authorities on Tuesday to calm the public and demand the search engine giant provide an explanation. On Monday evening, Google's currency converter showed a rate of up to 5.20 zloty per euro and 4.70 zloty per dollar, which represented a drop in value of more than a fifth from the rate on the previous trading day on Friday. The information set off a storm of speculation on X, formerly Twitter, and although…

A proposed class-action lawsuit against 23andMe could include more people in Canada than originally anticipated, experts say, after the genetic testing company said a data breach affected millions more customers than initially believed.A statement from the company on Tuesday said hackers have gained access to roughly 6.9 million profiles on the site — nearly half its client base. Those profiles contain delicate personal data ranging from birth year, geographic location, health information and the percentage of DNA users…