U.S. Stock Futures Retreat, Boeing Faces New Woes, Nvidia Hits Record High
U.S. stock futures are poised for a potential pullback after Monday’s rally, influenced by gains in chip designer Nvidia. However,…
Day: January 9, 2024
U.S. Dollar Rebounds, Euro Falters on Weak German Data
The U.S. dollar makes a comeback in early European trade, reclaiming ground lost after slipping from its three-week high. The…
Citi Downgrades Netflix, Cites “Lofty Expectations”
Citi strategists downgrade Netflix (NFLX) from Buy to Neutral, leading to a 2% pre-market decline. The rationale behind the downgrade…
Global Markets Hold Gains, Eyes on CPI Data and Rate Cut Expectations
Global markets maintained their gains on Tuesday following a tech-led rally on Wall Street and lower oil prices. U.S. benchmark…
Global X Optimistic about Brazil’s Economic Prospects, Sees Investment Opportunities
Global X, a leading exchange-traded funds (ETF) provider with assets of around $48 billion worldwide, expresses optimism about Brazil’s economic…
European Equities Slip Amid Losses in Tech and Financial Stocks
European equities experienced a decline on Tuesday, primarily driven by losses in technology and financial stocks. Investors are awaiting more…
Dollar Rally Paused as U.S. Inflation Expectations Decline
The U.S. dollar rally faced a pause on Tuesday as a decline in U.S. consumer inflation expectations influenced traders’ bets…
UBA Hits N1 Trillion Market Capitalization
United Bank for Africa (UBA) achieved a significant milestone as its market capitalization surpassed the N1 trillion mark on the…
Equity Market’s Rally Surpasses N3.5 Trillion in Seven-Day Streak
The Nigerian Exchange Limited’s bullish run continued into its seventh day on Monday, yielding a daily gain of N365 billion…
cNGN Delays Launch Pending Regulatory Approval
The Africa Stablecoin Consortium has officially postponed the launch of its cNGN stablecoin, originally scheduled for February 27, 2024. The…
UN Highlights Downward Risks to Nigeria’s Growth in 2024
The United Nations, in its ‘World Economic Situation and Prospects 2024’ report, has revealed that Nigeria faces downward risks to…
Dangote Petroleum Refinery Nears Production with 6th Batch of Crude Oil
The Dangote Petroleum Refinery announced its imminent entry into refined petroleum production as it received the 6th batch of one…
NCC Threatens Call Disruption: Globacom Faces Bar from Making Calls to MTN
The Nigerian Communications Commission (NCC) has issued a public notice indicating its intent to bar Globacom customers from making calls…
NERC Dissolves Kaduna Electricity Distribution Company Board Over N110bn Debt
The Nigerian Electricity Regulatory Commission (NERC) announced the dissolution of the board of directors of Kaduna Electricity Distribution Company on…
Cash Scarcity Causes Sharp Decline in ATM Usage- KPMG
A report titled “In Pursuit of Value,” by KPMG reveals a significant drop in the weekly usage of Automated Teller…
MAN Criticizes EFCC’s Armed Invasion of Dangote Industries
The Manufacturers Association of Nigeria (MAN) has strongly criticized the armed invasion of Dangote Industries Limited by operatives of the…