Nigeria Stocks Hit Record High, Rising 1.68% in First Trading Session of 2024
In a bullish start to 2024, Nigerian stocks surged by 1.68% during the first trading session, setting a new all-time…
Day: January 3, 2024
Global Stock Markets Slip as Rate Cut Hopes Fade
Global stock markets continued their decline into the new year, with the MSCI’s broad index of world equities falling by…
S&P, Nasdaq Start 2024 on a Lower Note as Tech Giants Struggle
The first trading session of 2024 witnessed a downturn in the S&P 500 and Nasdaq Composite, driven by a decline…
Hyundai and Kia Project 2% Sales Growth in 2024 Despite 2023 Challenges
South Korean automakers Hyundai Motor and Kia Corp anticipate a modest 2% increase in their combined global sales for 2024.…
Global Funds Accelerate China Equity Sell-Off in December, Marking Worst Month of 2023
Global long-only funds rapidly divested from China equities in December 2023, recording the highest monthly outflow of the year. This…
Global Shipping Giants Redirect Routes Amid Rising Red Sea Tensions
In a recent turn of events, major shipping companies, including Denmark’s Maersk and Germany’s Hapag-Lloyd, are altering their cargo routes…
Navigating 2024: Investors Brace for Economic Shifts”
As we step into 2024, global investors are anticipating a significant shift in the economic landscape, marked by transitions in…
Global Markets Extend Slide as Rate Cut Hopes Diminish
Global stock markets faced a continued decline at the start of 2024, with investor optimism regarding early U.S. interest rate…
China’s Major Banks Heighten Scrutiny and Restrict Interbank Lending Amid Property Debt Crisis
In response to the deepening property debt crisis in China, major banks in the country are intensifying their examination of…
Russian Bailiffs Remove Debts of Tech Giants Google, Meta, and TikTok – Resolving Legal Disputes
In a recent development, Alphabet’s Google, Meta, and TikTok have seemingly resolved legal issues in Russia as their fines, imposed…
Futures Dip as Investors Anticipate Fed Minutes, Tesla’s China-made EV Sales Surge
U.S. stock futures are trending lower as investors react to the Federal Reserve’s upcoming release of minutes from its December…
NNPC and Marketers Clash Over Petrol Subsidy, PMA Proposes N1,200/Litre
Tensions have risen between the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers, represented by the Independent Petroleum Marketers…
Nigeria Borrows $1.71 Billion: Impact on Exchange Rates
In the first nine months of 2023, Nigeria secured $1.71 billion in foreign loans to enhance the country’s foreign exchange…
NAFDAC Reduces Licencing Fees to N44, 200
The National Agency for Food and Drug Administration and Control (NAFDAC) has announced a significant reduction in processing fees for…