Champion Breweries, Eterna Others Drag Capitalisation Of The Nigerian Stock Exchange By N83b
The Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses incurred by most blue-chip stocks, especially…
Year: 2021
Nigeria: United Capital Lists N20b Commercial Papers
United Capital Plc has listed three series commercial papers worth about N19.72 billion on the FMDQ Securities Exchange, paving the…
Treasury Yields Dip As Jobs Data Remains In Focus
Treasury yields dipped on Tuesday morning, as investor focus remained on a key jobs report due out later in the…
Market’s Record Price Action Is Mimicking Late 1999 And It Could Spark a 10% to 20% Correction,Long-Term bull Julian Emanuel Warns
A dicey situation reminiscent of the dot-com bubble may be unfolding on Wall Street. According to BTIG’s Julian Emanuel, the…
Tencent and NetEase Shares Pare Losses After China Tightens Gaming Rules For Kids
Shares of China’s second-largest gaming company NetEase fell on Tuesday after regulators dramatically cut down the amount of time children…
SoftBank-Backed Ride-Hailing Firm Ola Plans To Raise $1 Billion In India IPO
Indian ride-sharing firm Ola is planning to raise up to $1 billion through an initial public offering, a source familiar…
Young Chinese Gamers Vent At Beijing’s New Rules As Shares In Gaming Companies Slide
China’s new rules forbidding under-18s from playing video games for more than three hours a week knocked shares in Tencent…
PayPal Exploring Stock-Trading Platform For U.S. Users
Shares of PayPal Holdings Inc (PYPL.O) jumped on Monday after a report that it is exploring ways to let its U.S. customers…
Google, Facebook, Microsoft Top EU Lobbying Spending – Study
Alphabet Inc’s (AAPL.O) Google unit, Facebook Inc (FB.O) and Microsoft Corp (MSFT.O) are the three biggest lobbying spenders in Europe in a battle against tough new…
Australia Considering New Laws For Apple, Google, WeChat Digital Wallets
The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such…
Robinhood Shares Tumble After PayPal News, SEC Scrutiny Of Key Revenue Stream
Shares of Robinhood Markets Inc (HOOD.O), a popular gateway for trading meme stocks, tumbled nearly 7% on Monday on news that…
Dollar Scarcity Drives Naira Further Down At Black Market
Naira weakened significantly against the U.S. dollar at the black market on Monday, as it touched an all-time low of 527.…
Nigeria: CBN States Transfer Limits As E-Naira Begins Oct 1
The Central Bank of Nigeria has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical…
CBN Selects Bitt Inc Digital Currency As Technical Partner For Digital Currency Project
The Central Bank of Nigeria (CBN) has engaged Bitt Inc., a global Fintech company, as the Technical Partner for its…
Foreign Portfolio Investments Drop On Forex Crisis
Foreign portfolio investments (FPIs) in Nigeria have dropped to their lowest level in more than eight years as foreign exchange…
Banks To Promote Adoption Of ENaira As CBN Mulls October 1 Pilot
Nigerian deposit money banks (DMBs) are set to market and promote the adoption of eNaira as a digital version of…
Slumping Asian Currencies Face More Risk From Slowdown In China
Hong Kong’s shopping districts are dotted with money changers advertising their remittance services and conversion rates. There are 1,891 licensed money operators in the city, Hong Kong customs data show.
Tim Cook Receives Over 5 Million Shares Of Apple Stock Worth $750 Million
Apple CEO Tim Cook received more than 5 million shares of Apple stock this week, selling most of the stock for…
Africa Lacks Production Capacity To Meet Local Demand For Oil Palm
The Secretary, National Action Committee on Africa Continental Free Trade Agreement (AfCFTA), Mr. Francis Anatogu has stated that Africa lacks…
Emirates Extends Suspension Of Flights From Nigeria Till September 5
Emirates Airlines has extended the suspension of flights from Lagos State and Abuja airports to Dubai till September 5, 2021.…
Dangote’s $2bn Petrochemical Plant To Produce 77 Grades Of Polypropylene
Dangote’s $2 billion Petrochemical Plant located in Ibeju-Lekki, Lagos State, is designed to produce 77 different high-performance grades of polypropylene…
Search Fund Buys Majority Stake In Electronic Security Firm
Africa Search Capital (ASC) (www.AfricaSearchCapital.com) today announced the acquisition of a majority stake in Falcon Security Hub (Falcon). The transaction, which…
Gridworks And New GX Back SPS’s Frowth Plans
Sustainable Power Solutions (SPS) is strengthening for expansion in Africa. The clean energy solutions provider is opening its capital to…
Chinese A.I. firm SenseTime Files For Hong Kong IPO Despite Tech Crackdown And U.S. Blacklist
One of China’s top artificial intelligence firms SenseTime has filed for an initial public offering in Hong Kong. The AI…
China’s Regulatory Crackdown Has Wiped Billions Off Tech Stocks — Here Are The Risks Ahead
Chinese authorities have introduced a slew of legislation in the past few months, largely aimed at the tech sector —…
European Markets Trade Higher, Reflecting Buoyant Global Sentiment
European stocks were trading slightly higher on Monday, reflecting broadly positive trade in global markets overnight. The pan-European Stoxx 600…
Australian Miner Fortescue’s Shares Soar After Reporting Record Profit
Shares of Australian miner Fortescue soared over 6% on Monday, as the mining giant reported full-year profits that hit another record…
Startup In Nigeria Secures $26.5m Financing to Boost Female Students’ Inclusiveness
Decagon, the tech startup which combines lending, training, and job placement to help exceptional people launch careers as software engineers…
Nigeria: ICT Sector Contributes N5.5tn To GDP In Six Months
The Information, Communication and Technology sector contributed N5.5tn to real Gross Domestic Product in the first half of 2021. This…