Retail Trading Apps In Nigeria Face A Defining Moment
There are four startups that allow Nigerians to invest in shares of public companies on US exchanges. But unlike Trove,…
Day: August 24, 2021
Smuggling: NCS, NSA Grant Border Stations Waivers, Says DPR
The Department of Petroleum Resources has faulted the claim by the Nigeria Customs Service that it was partly responsible for…
South African Unemployment Rate Rises To Highest In The World
South Africa’s unemployment rate surged to the highest on a global list of 82 countries monitored by Bloomberg. The jobless…
IMF’s $650bn Reserves Liquidity Support For Nigeria, Others Takes Off
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right…
Oil Extends Gains On Brighter Demand Outlook, Mexico Outages
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right…
Discos Beg Customers As Blackout Worsens On Grid Collapse
The national power grid has collapsed for the second time in less than a month, worsening the blackout being experienced…
Investors’ Lose N25bn As Stock Market Open Week Negative
Trading at the Nigerian equities market extended last week’s negative performance to the beginning of business for the week yesterday,…
Gas Consumption Lowest In Nigeria Despite 206 Tcf Reserves
Despite boasting of a 206 trillion standard cubic feet of gas reserves and topping major countries, Nigeria’s per capita consumption…
Dollar Holds Near Five-Day Low; Kiwi Dollar Picks Up After Hawkish Comments
The dollar was steady on Tuesday, holding near the previous session’s five-day low, as markets appeared less concerned by the…
Sterling Holds Gains Vs. Dollar After Risk-Led Rebound
Sterling edged lower against the dollar on Tuesday, but held most gains made against the greenback on the back of…
Agusto Report: CBN’s Standardised CRR Shook Banks’ Profitability In 2020
Nigeria’s foremost research house and rating institution, Agusto & Co Limited has disclosed that Central Bank of Nigeria’s (CBN) standardised Cash…
Exclusive U.S. SEC To Scrutinize Firms’ Digital-Eengagement Practices As Investor Worries Grow
The U.S. Securities and Exchange Commission (SEC) will seek input on whether digital customer engagement innovations used by financial firms…
Goldman Sachs Raises Odds On U.S. Fed Taper Announcement In Nov
Goldman Sachs economists have raised the odds that the U.S. Federal Reserve will announce the start of tapering its bonds…
S&P 500, Nasdaq Hit Record Highs On Recovery Optimism
The S&P 500 and Nasdaq hit record highs on Tuesday, boosted by oil and travel-related stocks, after a full U.S.…
Lagos Building Investment Coy. PLC (LBIC) Records Profit, Defies Tough Operating Environment
—Fixes date for 16th Annual General Meeting (AGM) The Lagos Building Investment Company Plc. (LBIC), defied the tough operating environment…
Stocks Making The Biggest Moves In The Premarket: Best Buy, Palo Alto Networks, Camping World And More
Best Buy (BBY) – Best Buy shares rallied 4.3% in the premarket after the electronics retailer beat estimates on the…
China’s Cyberspace Regulator Lays Out Two Main Conditions For Companies Wanting To Go Public
Chinese companies wanting to go public — including overseas — must comply with two main aspects of a wider set…
Stocks Are Getting A Delta Peak And Growth Slowdown Wrong, Market Bull Jim Paulsen Says
There may be a new reason to follow the smart money. According to The Leuthold Group’s Jim Paulsen, the stock…
Best Buy Shares Rise On Earnings Beat, Retailer Says Consumers Are Upgrading Tech To Work At Home
Best Buy said Tuesday fiscal second-quarter sales rose nearly 20% as consumers continued upgrade devices and equipment to support habits…
S.Korea Set To Curb Google, Apple Commission Dominance
South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping…
Nigeria: FG Earned N1tn from Digital Economy in Two Years, 5G 95% Ready For Deployment
The Minister of Communication and Digital Economy, Dr. Isa Pantami, yesterday said the communication and digital sector generated over N1…
Nigeria: 1.2 Million Subscribers Changed Mobile Service Providers – NCC
The number of subscribers that left their mobile telecommunications service providers for other mobile networks rose to 1,222,124 in June…
IMF’s $650bn Reserves Liquidity Support For Nigeria, Others Takes Off
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right…
Nigeria: FG To Unveil Five-Year Development Plan In October
The Federal government on Monday disclosed plans to unveil the Medium-Term National Development Plan 2021-2025 in October. According to the…
Fintech Has The Potential To Change The Capital Market – NGX
Nigeria’s financial technology companies have a huge potential to transform the capital markets and effectively build a digital economy. This…
Nigeria: United Capital Increases Issuance of CPs to N50bn
United Capital Plc has notified the Nigerian Exchange Limited (NGX) that it has secured the approval of FMDQ Securities Exchange…
Airbnb Says It Will Host 20,000 Afghan Refugees
CEO Brian Chesky said Tuesday that the program would begin immediately, and that Airbnb would pay for the stays. “The…
SoftBank Makes First Africa Bet On OPay At $2 Billion Valuation
SoftBank Vision Fund 2 led a $400 million funding round for OPay, valuing the Nigerian mobile-payments platform at $2 billion and marking…
Chinese Electric Carmaker Xpeng Starts Exporting Flagship P7 Sedan For The First Time
Xpeng Inc. began shipping its flagship P7 sedan to Europe on Tuesday, underscoring the Chinese electric carmaker’s ambitions to expand…
World Leaders Prepare For Emergency G-7 Meeting On Afghanistan As U.S. Withdrawal Deadline Nears
British Prime Minister Boris Johnson will host an emergency meeting of G-7 leaders Tuesday to address the chaotic situation in…