‘Investors To Exploit Opportunities In N100b Infrastructure Fund’
Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc has stated that its N100 billion Infrastructure Fund…
Month: August 2021
Federal Government Of Nigeria Appoints Eight Transaction Advisers For $6.2bn Eurobonds
Preparatory to the issuance of N2.343 trillion ($6.2 billion) Eurobonds in the International Capital Market (ICM) to partly finance its…
Markets Are Set For A Correction And Japan Could Be Among The Hardest Hit, Warns Scandinavian Bank
Stock markets are set to see losses ahead, and Japanese stocks could wind up being the hardest hit, warns SEB’s…
Biden To Push For Electric Vehicles To Make Up 40% Or More Of United State Auto Sales By 2030
President Joe Biden will set a new national target for the adoption of electric vehicles on Thursday, calling for them…
European Markets Inch Higher As Investors Watch Earnings, Bank Of England; Adidas Down 5%
European markets inched cautiously higher on Thursday morningas investors digested more corporate earnings and await a key monetary policy decision…
JAIZ Bank’s Profit Grows By 70%
Jaiz Bank Plc has said its profit after tax rose by 70.1 per cent growth to N1.9bn in the first…
SEC, Issuers Parley To Attract More Listings As Index Rises By 0.03%
The Director General of the Securities and Exchange Commission (SEC), Lamido Yuguda has stated that the Securities Issuers Forum (SIF)…
Banking, Industrial Stocks Drive N5bn Market Gain
The banking and industrial indices drove a N5.13bn gain for stock investors amidst negative market sentiment. Nineteen stocks recorded losses…
Adidas Raises Outlook Despite Falling Sales In China As Boycott There Continues
Adidas has increased its outlook for the year, despite a drop in sales in China where some consumers have boycotted…
NNPC Buys $2.76bn Stake In Dangote Refinery
The Nigerian National Petroleum Corporation(NNPC) is forging ahead with its plans to buy 20 percent stake in the Dangote Petroleum…
Different From Bitcoin’ — What You Need To Know About ENaira, CBN’s Proposed Digital Currency
The Central Bank of Nigeria (CBN) has announced that it will launch the pilot scheme of its digital currency (eNaira)…
Oil Settles Lower In Volatile Trade On Worries About Delta Variant
Oil settled lower on Tuesday, as concern about rising cases of the Delta coronavirus variant outweighed expectations for another weekly…
JPMorgan Blames Turkey’s Volatile Lira For Investor Misgivings
The lira’s best month this year may only serve to highlight the volatility that still haunts Turkish assets. For JPMorgan…
Oritsejafor: Domestic Investors Will Continue To Dominate Equities Market
Managing/Chief Executive Officer of United Capital Securities Limited, Mr. Bawo Oritsejafor in this interview with Goddy Egene speaks on the…
Shipping Losses At Historic Lows, As Covid, Mega-Ship Remain Challenge – Allianz
The international shipping industry continued its long-term positive safety trend over the past year but has to master Covid challenges,…
Mambilla: FG Directs NSIA To Source $200m Judgment Debt For Chinese Firm
The Federal Government has directed the Nigerian Sovereign Investment Authority to source $200m for settlement of International Court of Arbitration…
Yen Libor Death Knell Sounds As Traders Close In On Replacement
The hunt for a benchmark to replace yen Libor is gaining ground, with Japan’s traders leaning toward the Tokyo Overnight…
Foreign Investors Withdraw N116.72bn From Stock Market In Six Months
The Nigerian Exchange Limited has revealed that foreign investors in the equities market withdrew a total of $116.72bn from Janury…
DMO Offers FG Savings Bonds For Subscription At N1,000 Per Unit
The Debt Management Office (DMO) has announced an offering for the federal government of Nigeria (FGN) savings bonds at N1,000…
Zainab Ahmed: Nigeria Imported 400,000 Vehicles In 5 Years
Ahmed said this during a sensitisation programme on the national vehicle registry (VREG) platform in Kano on Tuesday. She said…
Cargo Haulage Cost Falls By 70% In 1 Month Over Low Import
The cost of cargo haulage from the Lagos ports has dropped by about 70 percent in the last one months,…
CBN Sets N1m As Application Fee For Payment Service Holding Company Licence
Musa Jimoh, CBN’s director of payments system management department, announced this in a circular on Tuesday. The guideline requires companies…
BDC’s Damage To Nigeria’s Economy Colossal – Finance Expert
International finance expert and CEO, FB Services Group, Canada Dr. Akin Oladeji John Brown has decried what he described as…
Mixed Reactions Trail CBN’s Hammer On Forex Sales To BDCs
The Central Bank of Nigeria’s (CBN) decision to stop forex sales to Bureau De Change (BDC) operators has continued to…
Wall Street Set To Pull Back After S&P Hits Record High
Wall Street’s main indexes were set to open lower on Wednesday following a record close for the S&P 500, while…
U.S. Crime App Citizen Rolls Out First Paid Tool, Connecting Users To Safety Agents
U.S. crime alert app Citizen is launching its first paid feature, offering subscribers access to a live safety agent when…
U.S. Private Payrolls Growth Slows In July- ADP
U.S. private payrolls increased far less than expected in July, likely constrained by shortages of workers and raw materials. Private…
Brazil Retailers Hunt For M&A Deals To Compete For E-Commerce Dominance
In March last year, Oziel da Silva Santos needed a new TV but with stores closed due to COVID-19 restrictions…
New York Times Digital Subscription Growth Slows To Lowest In Three Years
The New York Times Co’s (NYT.N) quarterly digital subscription growth slowed to its lowest in three years as the news cycle cooled…
Facing Calls To Quit, Malaysia’s Prime Minister Says He Will Prove His Legitimacy In Parliament
Malaysia’s embattled Prime Minister Muhyiddin Yassin said Wednesday he will put himself through a vote of confidence when parliament reconvenes…