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…
Year: 2022
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.…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Food Prices Rose In July 2022 – NBS.
The National Bureau of Statistics says prices of selected food items increased in July. It made the declaration in its…
Anxiety In Banks As Loans To Power Sector Hit Over N800bn.
There appears to be no end sight to the woes of the power sector with economic experts expressing concerns over…
Aggregate FX Inflow Down 17.3% to $6.58bn On Decrease In Non-Oil Components.
The aggregate foreign exchange inflow into the Nigerian economy dropped by 17.3% to $6.58 billion in April 2022; compared with $7.95 billion in March, the…
$20 Billion Indian Investments In Nigeria – Foreign Minister.
Indian Minister of State for External Affairs Shri Vellamvelly Muraleedharan has disclosed that Indian investments in Nigeria amount to $20…
Nigerian Stock Market Starts The Week Shedding N14 billion.
The Nigerian stock market started the first trading session of the week bearish, shedding approximately N14 billion in market capitalization.…
Saudi Says Oil Price Plunge Ignores Extremely Tight Global Crude Supply.
OPEC’s leading oil producer, Saudi Arabia, says the recent oil price decline is by poor futures market liquidity; and macro-economic…