FTSE 100 Rebounds On Energy, Earnings Lift.
London’s blue-chip stock index bounced off two-week closing lows, as energy stocks received a lift from rising crude prices and investor sentiment steadied ahead of an annual conference of world…
Low-Growth, High-Inflation Era Beckons Post-Pandemic America.
On paper, T.J. Semanchin’s Wonderstate Coffee business seems more productive than ever; with fewer workers generating higher sales at the company’s three cafes and wholesale roastery in Wisconsin. Under the…
German Economy Jumps To 0.1% Growth In Q2.
The German economy grew in the second quarter, propped up by household and government spending and beating analyst expectations that saw it on the edge of a downturn. Europe’s largest…
Naira Depreciates To N692.9/$1 At P2P Forex Market.
Wednesday, 24th August 2022: The exchange rate between the naira and the US dollar closed at N431/$1; at the Investors and Exporters window, where forex is traded officially. Naira depreciated…
Stanbic IBTC Posts N31 Billion PAT In H1 2022.
Stanbic IBTC Holdings Plc has posted a profit of N31 billion for the first half of the year 2022; a 36% high from the N23 billion it reported in the…
Hackers Stole $44billion From Cryptocurrencies Since June 2021.
Latest report from Acronis, a global leader in cyber protection, has revealed that cybercriminals are now focusing more on cryptocurrencies and decentralized finance (DeFi) platforms. Through these attacks, Acronis said…
Investors Of Three Top Cement Firms Lose N291 Billion As Sell Pressure Heightens.
Race to sell-offs for portfolio rebalancing ahead of the 2023 elections saw the shares of Dangote Cement Plc, BUA Cement Plc and Lafarge Africa Plc in the past seven trading…
Bitcoin Struggles At $21.5K Amid Weak Volatility.
The anticipation of Federal Reserve Chair, Jerome Powell’s upcoming remarks about inflation; and the economy led to more cryptocurrency anxiety. Bitcoin and Ether traded sideways. Recently, Bitcoin was trading at…
Why Chiliz The Sports-Based Crypto Is Defying The Bearish Market.
The price of Chiliz (CHZ) had increased by around 35% week-to-date (WTD), reaching $0.26 per token. As a result, the token has done better than Bitcoin (BTC) and Ether (ETH),…
TotalEnergies Shifts Drilling On Egina, Akpo To December.
TotalEnergies has said it will start a major drilling campaign on Egina and Akpo oil fields in December. With 200,000 barrels per day crude oil expected from the Egina field;…
Russian Cenbank Says Business Improved In August.
Russia’s central bank said on Wednesday that its business climate index remained in the positive range for the second month running in August; with future expectations improving as businesses see…
Ford Cuts 3,000 Jobs As It Pivots To EVs, Software.
Ford Motor Co(F. N) said it will cut a total of 3,000 salaried and contract jobs, mostly in North America and India, as it restructures to catch up with Tesla…
Shanta Eyes Sh60 Million West Kenya Gold Licences.
London-listed exploration firm Shanta Gold is eyeing three additional prospecting licences from Canadian miner Barrick Gold in the West Kenya project; once the seller receives operating approvals from the government.…
Honda Considering Decoupling Supply Chain From China -Sankei.
Honda Motor Co Ltd (7267. T) is considering building a separate supply chain that would reduce its dependence on China, the Sankei newspaper reported, in what would be a high…
Major Gulf Bourses Gain On Rising Oil Prices.
Major stock markets in the Gulf rose in early trade, in response to a surge in oil prices in the previous session, with the Qatari index on track to end…
Nike, Gucci, Others Have Made $260 Million From NFT Sales In 2022.
Leading brands including Nike, Gucci, Dolce & Gabbana, Adidas and Tiffany have amassed a combined $260 million worth of sales from NFTs, according to data from Dune Analytics. Iconic brands…
Sterling Maintains Stable Value Against Dollar.
Sterling was steady against the dollar holding above a 2-1/2 year low touched a day earlier after data added to signs; that a recession may be looming in Britain. The…
Analysis: The Rise In Gas Prices Has Caused Inflation Fears For European Markets.
Another dramatic spike in natural gas prices appears to have ended any hopes that Europe’s inflation battle is set to ease; with financial markets now bracing for higher prices, a…
Nigerian Stocks: List Of Dividends Announced In 2022.
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders; as recommended by their respective boards of directors. It is also important to track these…
Rouble Steadies Near 60 Vs Dollar, Stocks Down.
The rouble eased but still traded near 60 against the dollar as it retained some support from month-end tax payments that prompt export-focused firms to step up conversion of foreign…
Global Growth Worries Keep FTSE 100 Lower For Third Day.
UK’s blue-chip stock index slipped on Wednesday after a slew of global data highlighted growing risks of a recession, with investors looking for comments from central bank policymakers which could…
Stanbic IBTC Announces Interim Dividend Of N1.50 Per Ordinary Share Of N50k.
Stanbic IBTC Plc has announced an interim dividend of N1.50 per ordinary share of 50 kobo each; subject to deduction of appropriate withholding tax and regulatory approval. In a disclosure…
Zenith Bank Announces Interim Dividend Of N0.30k For Every 50k Share Held By Shareholders.
Zenith Bank plc has announced an interim dividend of N0.30k for every share of 50k held by shareholders of the group. In a disclosure signed by Michael Osilama Otu, Company…
So That One Dollar Does Not Sell For N1,000 By 2023.
The dollar has risen more than 100% to the naira since 2015 and seems poised to continue value addition against the naira. With the currency now selling for N430.33 officially…
South African Rand Weakens Against Strong Dollar.
South Africa’s rand was weaker in early trade on Monday, as the dollar hit a new five-week high after more Federal Reserve officials flagged the likelihood of aggressive interest rate…
Gas Crisis Sends Euro Back Below Parity Against Dollar.
The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows; weighed down by concern that a three-day halt to European gas…
Apple Expands Self-Repair Support To MacBooks.
Apple Inc (AAPL. O) said it would offer customers tools and know-how to repair and service their MacBook laptops at home, months after launching the service for iPhones. Apple said…
China To Forgive 23 Interest-Free Loans To 17 African Countries.
China has stated that it will forgive 23 interest-free loans to 17 African countries; and will also provide food assistance to the struggling nations. This was disclosed by the Chinese…
Uganda To Refund Kenya 60mw Of Electricity Supplied.
Uganda will pay back Kenya in kind the electricity that Kenya Power supplied; following power disruption in one of their dams that created a deficit in demand. The landlocked neighbour…
Toyota Sells Stake In Kenya IT Firm After Row With State.
A unit of Japanese multinational Toyota has sold its stake in Kenyan information technology firm Seven Seas Technologies; after the company went into a legal fight with the government over…