Stocks Making The Biggest Moves In The Premarket: Under Armour, Twitter, Bunge & More
Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 47 cents per share, 5 cents a share above estimates. The beverage giant’s revenue…
Day: February 10, 2021
International Monetary Fund Sees Dangote Refinery’s Potential Of Bailing Nigeria From Economic Downturn
The International Monetary Fund (IMF), the global financial watchdog is projecting that Nigeria’s Dangote Refinery would provide an elixir for…
How Nigerians Can Exploit China’s $22tn Market –Chinese Director
The Director, Centre for China Studies, Mr Charles Onunaiju, has said that Nigerians could exploit the huge economic opportunities in…
Bitcoin Pushes Closer To $50,000, Global Stocks Mixed
Bitcoin moved closer to $50,000 for the first time on Tuesday, while the dollar declined as equity traders monitored anticipated…
Oil Production Still 300% Higher Than Nigeria’s Projection
Minister of State for Petroleum Resources, Timipre Sylva, yesterday revealed that Nigeria still spends around $30 in producing a barrel of…
European Markets Mixed As Traders Digest Earnings News; Maersk Down 7%
European stocks were mixed Wednesday as traders digested a slew of new corporate earnings. The pan-European Stoxx 600 hovered 0.2% above the…
GM Warns Chip Shortage Could Cut 2021 Earnings By Up To $2 Billion
General Motors on Wednesday reported fourth-quarter earnings that easily beat Wall Street expectations, but the company warned a global semiconductor chip…
Mizuho Predicts How Much Self-Driving Cars Should Add To Baidu’s Share Price
Shares of Chinese technology company Baidu are at an all-time high and could climb further, a managing director at an…
Europol: 10 Held For Alleged $100m Cryptocurrency Theft From Celebs, Others
Europol, the European police agency, said on Wednesday it had assisted in the arrest of 10 hackers suspected of stealing…
Oil Rally Extends For 9th Day On OPEC+ Cuts, Demand Hopes
Oil extended its rally for a ninth day on Wednesday, its longest winning streak in two years, supported by producer…
Walt Disney Shares Near Record High, Investors Eye Streaming Update
Walt Disney Co, which wowed investors in December with ambitious streaming TV plans, will update Wall Street on Thursday about…
Experts Seek Support For Local Technology Production
Technology and engineering experts have emphasised the need for the government to expedite policies that would aid local production of…
Nigeria Rejects Advice To Devalue Currency –International Monetary Fund
The Federal Government has rejected advice by the International Monetary Fund (IMF) to further devalue the Naira which the latter…
Nigeria Government To Crash Oil Production Cost To $10
The Federal Government yesterday launched the Nigerian Upstream Cost Optimisation Programme (NUCOP) to cut down the cost of crude oil production…
Nigeria Stock Exchange Equities Down By 0.34% As Investors Lose N74Bn
Proceedings on the floor of the Nigerian Stock Exchange (NSE) kick started the new week on a bearish note as…
Stockbrokers Proffer Ways To Nigeria’s Economic Progress
Leading experts and stakeholders in capital market yesterday called on the Federal Government to rethink national economic development plan and…
Macquarie Taps Renewables Trend With $2 Billion Infrastructure Fund
Macquarie, the world’s largest infrastructure investor, has raised 1.6 billion euros ($1.93 billion) for its second global renewables fund, driven…
Maersk Boosted By Trade Recovery, But Misses Forecasts
A surge in demand for goods like furniture and exercise equipment from locked-down consumers has sparked a jump in shipping…
Heineken To Cut 8,000 Jobs To Restore Pre-Pandemic Margins
Heineken NV plans to cut about 8,000 jobs, the Dutch group said on Wednesday, seeking to restore operating margins to…
Asian Stocks Hit Record High as Earnings, Stimulus Boost Recovery Hopes
Asian stocks hit a record high on Wednesday as upbeat earnings, hopes of a large U.S. fiscal stimulus and a…
Recovery In Global Trade To Stall Again In First Quarter: U.N. Report
A recovery in global trade is expected to slow again in the first quarter of 2021 as the coronavirus pandemic…
Nasdaq, New York Stock Exchange Sue SEC Over Planned Overhaul Of Public Data Feeds
Nasdaq Inc and the New York Stock Exchange have each sued the Securities and Exchange Commission, seeking to block a…
Musk’s Bitcoin Bet Fuels Gains In Companies Already Invested
The Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending…
Analysts Forecasts Higher Bond Yields in Second Half of 2021
The Chief Investment Officer, Afrinvest Asset Management, Mr. Robert Omotunde has predicted that the second half of 2021 will see…
Nigerian Stocks In Longest Losing Streak So Far In 2021
Nigerian equities mounted further loss on Monday as the bourse of Africa’s largest economy saw its longest losing streak so…
Dollar Wallows At Two-Week Low; Bitcoin Steadies After Surge Past $48,000
The dollar traded near two-week lows as demand for safer assets ebbed on Wednesday, with traders looking ahead to an…
Sterling Continues To Make Headway Against Basket Of Curriencies
The British pound is currently relishing the success the vaccine rollout has provided, leading to strength against a number of…
Nigeria-Niger Rail Line To Boost Trans-Saharan Trade – Buhari
The President, Major General Muhammadu Buhari (retd.), on Tuesday justified the decision of his regime to construct a rail line…
What Tesla’s Bitcoin Purchase Means For The Future Of The Dollar
Large and respected institutions, including a $1 trillion company run by the richest person on earth are starting to worry about the…
Federal Government Of Nigeria Urges China To Intensify Support For $5bn Mambilla Power Project
The Nigerian Investment Promotion Commission (NIPC), has called on the Chinese Government to intensify its support for Nigeria’s infrastructural development, especially…