Fear fades in US stocks, but history shows quick return to calm unlikely
Last week, U.S. stocks experienced significant volatility, but the market is now calming down. The Cboe Volatility Index (VIX), which…
Day: August 13, 2024
Futures rise as PPI set to kick off data deluge
Futures for major U.S. stock indexes increased on Tuesday as investors awaited producer price data, which could provide insights into…
US small business sentiment near 2-1/2-year high
U.S. small-business confidence rose to its highest level in nearly 2.5 years in July, indicating that concerns about a recession…
US shale companies produce more crude using fewer rigs
U.S. shale producers are increasing oil output by enhancing drilling efficiency without additional spending, as they extend wells and use…
Naira rises to N1,580/$ in parallel market
The Naira gained value in the parallel market, reaching N1,580 per dollar, up from N1,585 per dollar last weekend. It…
Alleged 5.4bn shares: CBN, FBN Holdings ask court to dismiss Barbican Capital’s suit
The Central Bank of Nigeria (CBN) and FBN Holdings Plc are asking a Federal High Court in Lagos to dismiss…
DMO offers two new FGN bonds
The Debt Management Office (DMO) has launched two new Federal Government of Nigeria (FGN) savings bonds for subscription, priced at…
Equity market begins week with N404bn loss
The Nigerian equity market ended the first trading day of the week with a decline, as the All Share Index…
Nigeria’s fiscal deficit drops 29% to N2.82trn
Nigeria’s budget deficit decreased by 29% in the first quarter of 2024, falling to N2.83 trillion from N3.96 trillion in…
Providus Bank pays Unity price for national dreams
Providus Bank is set to acquire Unity Bank, a financially troubled but strategically important bank, following approval from the Central…
Q2: Demand for crude oil by local refineries rises to 597,700 bpd
However, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has only managed to secure 177,777 bpd from oil producers during the…
Air Peace: FG writes UK, threatens to bar British carriers from Lagos, Abuja airports
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has escalated the issue of Air Peace’s lack of slots at…
Inflation: 67% of MSMEs report decline in demand for their products and services – Report
A new report by Price Waterhouse Coopers shows that 67% of Nigerian Micro, Small, and Medium Enterprises (MSMEs) have seen…
We’re raising capital for expansion, SME support –Umeoji, Zenith Bank CEO
Zenith Bank Plc plans to raise N290 billion through its current offer to boost its operations across Africa and international…
Nigeria’s crude oil production now 1.3mbpd – OPEC
Nigeria’s average daily crude oil production saw a minor increase to 1.307 million barrels per day in July, as per…