NGX Set To Drive Listings, Technology, Investor Participation
The Chief Executive Officer, Nigerian Exchange (NGX) Limited, Mr. Temi Popoola has said it aimed to drive listings of new…
Month: July 2021
Champion Breweries Gains N1.5 Billion In Market Value, p 9%
At the end of today’s trading session, Champion Breweries Plc recorded gains of 9.00% which can be attributed to buy-interests…
Bears Resurface On NGX, Indices Down By 0.12%
Sentiments on the domestic bourse turned negative on Tuesday to halt the five consecutive days of gains, as the Central…
Nigeria’s Capital Importation Fell To $875.62m In Q2
The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in…
Oil Rises On United State Fuel Drawdowns Despite Surging Coronavirus Cases
Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week,…
UK Poised To End Amber List Quarantine For People Vaccinated In US And EU
Ministers to discuss plans, with talks also to determine if they will apply to England only or all UK nations…
Biden Plans To Speed Up Asylum Processing And Deportations At The Border
The Biden administration announced on Tuesday that it will speed up asylum claim processing for migrants at the U.S.-Mexico border…
Two dead, Several Injured In Acid Leak At LyondellBasell Plant In Texas
Two people were killed and several others injured following a leak of acetic acid at a LyondellBasell (LYB.N) chemical plant in La…
United States White House Wants Broadband Funding In Infrastructure Bill
A bipartisan group of senators and the White House are debating extending a program started early in the COVID-19 pandemic…
Nigeria Back To The Debt Trap!
“Our political leaders have suddenly developed not just a taste for, but a voracious appetite for debt. As usual, most…
German Insurers Expect Up To $6.5 Billion In Storm Claims
German insurance industry association GDV estimates that there will be up to 5.5 billion euros ($6.5 billion) in claims from…
Banks’ Credit To Economy Hit N24.23tn, Says CBN
The total credit from the banking sector to the economy rose to N24.23tn as of the end of May, the…
Naira Falls After CBN Stops Forex Sales To BDCs
The CBN says it will not sell dollars to BDCs because they had become a conduit for illicit forex flows…
North, South Korea In Talks Over Summit, Reopening Liaison Office
North and South Korea are in talks to reopen a joint liaison office that Pyongyang demolished last year and hold…
Microsoft Set To Report Earnings After The Bell
Microsoft will release its fiscal fourth-quarter earnings report after market close Tuesday. Here’s what analysts are expecting: Earnings: $1.92 per…
Gold Subdued As Investors Await Cues From United State Federal Reserve Meeting
Gold prices lingered below the key $1,800 per-ounce level on Tuesday, as investors maintained a cautious stance ahead of the…
Nigeria’s CBN Retains Key Policy Rate
The bank says increasing the rate will hinder the recovery of the economy, while an expansionary policy will make inflation…
Kenyan Entrepreneur Turns Water Hyacinth Weed Into Cooking Fuel
A project in Kenya is using biogas technology to tackle two major pollution problems with one device: a machine that…
Nigeria’s Revenue-To-GDP Ratio Lowest, Private Sector Choking – World Bank
Nigeria’s revenue-to-Gross Domestic Product ratio, which fell to between five and six per cent last year, is the lowest in…
Coffee Prices Surge As Unusual Cold Threatens Brazilian Production
Arabica coffee prices rose 10% more on Monday, after jumping nearly 20% last week, to their highest in nearly…
‘They’ve Turned Into Money Laundering Agents’ — Central Bank Of Nigeria Bans Sale Of FX To BDCs
The Central Bank of Nigeria (CBN) says it has stopped sale of foreign exchange (FX) to Bureau De Change (BDCs)…
Sterling Dips Against Dollar As Stocks Slide
LONDON (Reuters) – Sterling dipped against the dollar on Tuesday as global stock markets sank led by a heavy sell-off…
London Judges Agree To Reopen $7 Billion Brazil Dam Lawsuit Against Anglo Mining Giant BHP
London’s Court of Appeal agreed on Tuesday to reopen a major lawsuit against Anglo-Australian mining giant BHP, reviving a $7 billion…
MPC Likely To Hold Rates
The monetary policy committee (MPC) meets today and tomorrow. At its last meeting held in May, the committee was faced…
One Dead, Four Missing After Explosion Rocks German Chemicals Site
One person is dead and four are missing after an explosion rocked an industrial park in the western German city…
China Is Still Falling Short Of Meeting An Agreement To Reduce Its United State Trade Surplus
China’s purchases of U.S. goods are still falling short of trade agreement levels, even as overall Chinese imports from the…
Naira Stable At Official, Black Markets
The naira closed at N504.00 per $1 on Monday. Naira maintained stability against the U.S dollar at both the official…
External Reserves Gain $76.5 Billion In Seven Days
In a curious twist of fate last week, there was a breather for the falling foreign exchange reserves. The figures…
When Debt Service Consumes 98% Of Revenue
Oil price climbed down to $68 per barrel last week after sailing pretty close to $80 in the frenzy of demand surge. Even as…
Bitcoin Briefly Tops $40,000 For First Time Since June As Cryptocurrency Rallies After Sell-Off
Bitcoin surged above $40,000 for the first time in nearly six weeks on Monday as sentiment turned bullish following a recent…