Naira’s Woes Worsen At I&E, Depreciates To N397.63/$1
The woes of the Naira continued at the Investors and Exporters (I&E) window of the foreign exchange market on…
Day: February 5, 2021
Terminals Pave Way As Nigeria Loses $43b To Oil Theft
Nigeria’s persistent crude oil loss has been linked to land terminals, as the Department of Petroleum Resources (DPR), said oil…
Africa’s Recovery From Covid-19 Will Be Slow
A second wave could play havoc with commerce, public finances and schools At first glance, sub-Saharan Africa appears to have…
Size Of Nigeria’s Economy To Increase As NBS Moves To Rebase GDP
The National Bureau of Statistics says it has begun the national business sample survey (NBSS) as part of efforts to…
Euro Optimism Losing Mojo As Strategists Make A Bearish Turn
After surging this year to the highest since 2018 against the dollar, the euro is losing its luster and strategists…
EU Electric And Plug-In Hybrid Car Sales Jump To Over 1 Million In 2020
Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles last year,…
Dollar Strengthens On U.S. Economic Outlook; Euro Dips Below $1.20
The dollar strengthened to two-month highs and the euro dropped below $1.20, as data pointed to an improvement in the…
Total Pension Assets Rose To N12.3tn in 2020 – PenCom
Total pension assets under the Contributory Pension Scheme rose by N2.1tn to N12.3tn as of the of the 2020 from…
Which Central Banks Have The Biggest Footprint In FX?
With the dollar turning into a safe haven during the pandemic, risk appetite has become one of the most crucial…
German Watchdog Orders Goldman Sachs To Comply With Money Laundering Rules
Germany’s financial watchdog has ordered Goldman Sachs’ European arm to comply with rules to prevent money laundering and terrorist financing,…
Again, Senate Summons NDDC Over N6.25bn COVID-19 Palliative Sharing
The Senate Committee on Ethics, Privileges and Public Petitions, on Thursday, issued a fresh summon on the management staff of…
Oil Climbs To Highest In A Year On U.S. Growth Optimism, Crude Supply Restraint
Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains on signs…
U.S. Employment Growth Likely Rebounded; More Government Money Still Needed
U.S job growth likely rebounded in January as authorities began easing COVID-19 restrictions on businesses with the ebbing pace of…
European Markets Inch Higher As Global Stocks Near Record High
European stocks were modestly higher Friday as investors look to vaccine rollouts for hopes of normalization, while global markets flirt…
Kuaishou Share Price Nearly Triples On Market Launch
Shares of the Chinese short-form video app Kuaishou surged more than 190% on the company’s launch on Hong Kong’s stock…
Mortgage Refinancing Suddenly Surges, But Homebuyers Stall Due To Sticker Shock
Mortgage rates fell for the first time in nearly a month, and that lit a fire under current borrowers who…
Small-Stock Mania Calls For Big-Picture Thinking
The GameStop saga is high drama, but is it an invitation to regulation? Securities sheriffs will soon decide. Newly minted…
METALS-Industrial Metals Rise On Risk Appetite, Firm Dollar Weighs
Most industrial metals rose on Friday as appetite for riskier assets returned following a fading GameStop-style frenzy, although a stronger…
Subsiding Layoffs Raise Cautious Optimism For U.S. Labor Market
The number of Americans filing new applications for unemployment benefits decreased further last week, suggesting the labor market was stabilizing…
Loan Charges Weigh On BNP Paribas Profits Amid COVID-19 Crisis
Charges linked to the COVID-19 pandemic ate into BNP Paribas’ net profit in the fourth quarter as the lender set…
China Shares Post Weekly Gains On Economic Recovery; Sino-U.S. Tensions Weigh
China stocks ended higher for the week on Friday, as investors found support from a continued economic recovery, though Sino-U.S.…