Concerns As 121 Firms Delisted From Nigeria’s Stock Exchange In 20 Years
According to data got from the Exchange; they has delisted 121 quoted companies from the official list of Nigerian Exchange…
Month: July 2022
FG Approves N22.45bn For Petroleum, Environment Ministries- Nigeria.
The Federal Government, approved of N22.45bn for projects in the Ministries of Petroleum Resources and Environment. The Minister of Environment,…
Kenyan Court Freezes Accounts Belonging To Flutterwave, Others Over Alleged Money Laundering
A Kenyan High Court has seized Sh7 Billion ($59 million), from 56 accounts belonging to fintechs including Nigeria’s Flutterwave; stating…
Bitcoin Above $20K For Third Day In A Row As Avalanche Posts Decent Gains.
The price of the most valuable crypto by market value was around $20.5K, as it stayed above the key support…
Senate Vows To Support AMCON’s Debt Recovery Drive
The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani; has reiterated the willingness of the…
Bears Maintain Dominance In The Stock Market As Valuation Dips By N16 Billion.
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 6…
Merck In Advanced Talks To Buy Seagen In Nearly $40-Billion Deal – WSJ
Drugmaker Merck & Co is in advanced talks to buy cancer-focused biotech company Seagen Inc in a deal; that could…
Brent Falls Below $100 For The First Time Since April 2022.
The price of the global benchmark has fallen to a level not traded in 12 weeks. As a result of…
Rihanna Breaks Records To Become The Youngest Self-Made Billionaire At $1.7 Billion Networth.
Musician turned business mogul, Rihanna has just become America’s youngest self-made billionaire with $1.7 billion. In the past year, Forbes…
UK House Prices Surge By 13%, Most Since 2004, Halifax Says
House prices in Britain rose by the most since 2004 in the 12 months; leaping by 13% as better-off households…
Tesla Sold 78,000 China-Made Vehicles, Up 142%
U.S. electric vehicle maker Tesla Inc (TSLA.O) sold around 78,000 China-made vehicles; preliminary estimates published by the China Passenger Car…
Credit Suisse Names New Head Of Swiss Private Banking.
Credit Suisse (CSGN.S) said it was naming Roger Suter its new head of private banking in Switzerland. Succeeding current manager…
Sri Lanka c.Bank Raises Rates, Targets Inflation Despite Contraction In Economy
Sri Lanka’s central bank raised key interest rates to the highest in two decades to bring down record inflation; despite…
Logistics Firm Declares Profit Growth Of 87%
Red Star Express Plc has declared N413.9m as its group profit before tax for the year ended March 31, 2022.…
Hungary’s Retail Sales Rise By 11.1% In May
Hungary’s calendar-adjusted retail sales rose by an annual 11.1% in May following a revised 15.7% increase in April, driven by…
Greek April Retail Sales Rise 10%, Led By Apparel
Greek retail sales by volume rose 10% in April compared to the same month a year earlier after a 12.3%…
20 Directors Jostle To Replace Fired AGF
The Federal Government has issued a circular to appoint a new and substantive Accountant-General of the Federation. Emanating from the…
Nigeria’s Central Bank Says Both Merchant And Consumer Can Now Present QR Codes For Payment
The Central Bank of Nigeria has announced a significant adjustment to the Quick Response (QR) Code Framework. Allowing the usage…
Debt, Inflation, Forex killing Economy, LCCI Warns FG- Nigeria.
The Lagos Chamber of Commerce and Industry has warned the Federal Government to find urgent solutions to the issues of…
Oil Firms Not Drilling Except NNPC, Says Kyari- Nigeria.
The Group Managing Director, Nigerian National Petroleum Company Limited, Mele Kyari, announced that the decline in the funding of oil…
Fidelity Bank Takes Over Three Discos, FG Intervenes- Nigeria.
The Federal Government announced the takeover of Kano, Benin and Kaduna electricity distribution companies by Fidelity Bank. This was after…
Solid Minerals Imports Rise By 74% In 12 Months
Recently, the value of solid minerals imports rose by 74.39% from N23.56bn in the first quarter of 2021 to N41.09bn…
Nigeria’s 26 Power Plants’ Capacity Drops By 70%
There has been a drop in the combined generation capacity of Nigeria’s 26 power plants by 70%. A breakdown of…
Oil Prices Bounce Back From Tuesday Tumble As Supply Concerns Return
Oil prices rose as much as nearly 3% before paring some gains as investors piled back into the market after…
Dollar Reigns As Investors Fear Recession Pain
Asian stocks fell and the dollar stood by a two-decade high on the euro as investors’ fears deepened that the…
Exxon Profit Set To Soar Again; White House Wants More Oil
Wall Street analysts sharply increased their Exxon Mobil Corp second-quarter profit estimates; after the largest U.S. oil producer projected it…
Oil Tumbles 9% On Recession Demand Destruction Fears
Oil plummeted about 9% in the biggest daily drop since March on growing fears of a global recession and lockdowns…
U.S. Exchanges Win Court Appeal On SEC Market Data Order.
A U.S. appeals court struck down an order by the Securities and Exchange Commission that would have allowed some financial…
Bridgewater’s Flagship Fund Posts Gains Of 32% Through June
Hedge fund manager Bridgewater Associates’ flagship Pure Alpha 18% volatility fund gained 32.2% in the first half of the year;…
Global Corporate Debt To Drop Amid Higher Funding Costs, Study Finds
Global corporate net debt has fallen by 1.9% to $8.15 trillion in the past year. As higher borrowing costs reduce…