Stocks Making The Biggest Moves Premarket: Moderna, Cigna, Penn National, Wayfair and others
Moderna (MRNA) – Moderna shares fell 2.4% in the premarket, despite reporting better-than-expected earnings and revenue and saying its Covid-19…
Year: 2021
Sterling Steady Above $1.39 Before Bank Of England Meeting
Sterling steadied around $1.39 against the dollar on Wednesday, buoyed by risk sentiment in markets, optimism over the outlook for…
Robinhood Retreats After Monster Rally This Week As Sockholders File To Sell 97.9 Million Shares
Robinhood said on Thursday in an amended filing that existing shareholders will sell up 97.9 million shares over time. The…
Huawei Cloud Ranked World’s 5th Largest LaaS Provider
Huawei Cloud IaaS revenue surged by 202.8 per cent, placing it in the top five list of cloud IaaS providers…
Google’s New Policy Allows Crypto Ads To Be Run Again
Following the enforcement of Google’s new policy set out in its financial products and services section on Aug. 3, the company…
Koo, India’s Microblogging Platform Begins Move To Register In Nigeria
Indian microblogging app, Koo, has disclosed plan to formally register in Nigeria. The app became popular in June when the…
Twitter ban: Nigerians Lose N150.46bn In Two Months
Nigeria businesses may have lost N150.46bn ($366.88m) since the Federal Government’s ban on Twitter took effect in the country on…
Federal Executive Council Approves $11.174bn For Construction Of Lagos-Calabar Coastal Rail
The Federal Executive Council (FEC) has approved $11.174 billion for the construction of a standard-gauge coastal railway from Lagos to…
Privatization: Nigeria Aims To Put 36 State Assets In Private Hands
The Bureau of Public Enterprises (BPE), Nigeria’s privatisation agency, intends to sell 36 state-owned assets in 2021. This is according…
Nigeria’s Foreign Reserve Rises By $79.1 Million In July 2021
Nigeria’s foreign reserve closed the month of July 2021 at $33.4 billion, appreciating marginally by $79.1 million compared to $33.32…
‘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…
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…