HSBC Ups Price Targets On Greek Banks, With Eurobank, Piraeus Top Picks.
HSBC raised its price targets on shares of Greece’s four largest lenders after they posted strong performances in the first…
Day: August 22, 2022
OPEC+ Missed Output Targets By 2.9 Million Barrels Per Day In July.
OPEC+ produced 2.892 million barrels per day (bpd) below their targets in July, two sources from the producer group said;…
BoG Rolls Out Urgent Measures To Fight Inflation, Cedi Depreciation.
The Bank of Ghana (BOG) has raised the policy rate by 300 basis points (bp) to 22% in a historic…
FTX Reportedly Grew Its Revenue By Over 1,000% In 2021.
FTX, one of the largest cryptocurrency exchanges by transaction volume, has seen its revenue grow by 1,046% in 2021; from…
Nigeria FG Records N643.09bn Fiscal Deficit In One Month.
The Federal Government’s fiscal deficit rose from N491.28bn in March to N643.09bn in April, according to the Central Bank of…
Oil Snaps 3-day Winning Streak On Strong Dollar, China’s Sluggish Demand.
After three days of gains, oil prices dropped considerably due to concerns that aggressive interest rate increases; by the United…
5G: New Operator Won’t Launch In August.
Mafab Communications Limited is set to miss the Nigerian Communications Commission 5G rollout commencement date of August 24, 2022. This…
Why Nigeria Exports Electricity To Niger, Benin, Togo — TCN.
As Nigerians continued to worry about the continued exportation of electricity to neghbouring countries amid shortage in national supply; the…
Ethereum Drops Below $1,600, Posts Weekly Loss Of Over 20%.
The majority of popular digital assets declined during the course of the week, and by the weekend, market leaders; Ethereum and Bitcoin…
Bitcoin Up From Mid-August Lows Amid Growing Economic Uncertainty.
As investors continued to mull over the most recent inflation figures and lingering macroeconomic uncertainties; most crypto assets breathed heavily…
Undisbursed Loans Raise Nigeria’s World Bank Debt To $21.15bn.
Undisbursed loans may drive Nigeria’s debt to the World Bank from $12.72bn to $21.15bn, the PUNCH has learnt. This shows…
Nigeria FG Concludes Takeover Of Four DisCos.
The Federal Government has completed the takeover of four electricity distribution companies; and constituted the board of the Nigeria Electricity…
Power Production Was Reduced By Striking Workers To 43 MW-FG.
The recent one-day strike by workers of the Transmission Company of Nigeria crashed Nigeria’s power generation from a peak of…
FG To End Petrol Subsidy In June 2023.
The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2022; grilled the…
Vodafone To Sell Hungarian Business For $1.8 Billion.
Britain’s Vodafone (VOD.L) will sell its Hungarian business for 715 billion forints ($1.8 billion) in cash, it said on Monday, in a…