Federal Government Raised N669billion From Capital Market Via SUKUK Bonds
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said the Federal Government raised about N669billion from the Nigerian…
Author: akintunde
Securities and Exchange Commission (SEC) Woos Investors To Nigerian Commodities Exchange (NCX Via De-risked AAssets
The Securities and Exchange Commission (SEC) has announced plans to partner with the National Insurance Commission (NAICOM) to de-risk certain…
Stock Market Hits Four-Month High, Investors Gain N65billion
Equity investors in the Nigerian Exchange Limited gained N64.93bn on Thursday as the NGX All-Share Index rose by 0.32 per…
Warren Buffett Says These Businesses Do The Best During Periods Of High Inflation
From used cars to gas to groceries, inflation continues raise the price of goods in the U.S. The consumer price…
Education Department Will Cancel Student Debt For More Than 320,000 Borrowers
The U.S. Department of Education announced Thursday it will cancel $5.8 billion in student debt for more than 320,000 borrowers. The debt…
Sports Tech Firm Sportradar Renews Deal With FanDuel After Announcing $100 Million IPO
First came the IPO. Now, data supplier Sportradar has extended a critical partnership to keep pace in the sports betting…
Oil Falls For A Sixth Straight Day, Sinks To The Lowest Level Since May On Fears Of Slowing Growth
Oil dropped for a sixth-straight session on Thursday, falling to the lowest level since May as demand fears and comments…
Maersk Inks Deal To Secure Supply Of ‘Green’ e-methanol For Vessel, Targets 2023 Launch
Maersk said it has secured a supply of “green” e-methanol for what it described as “the world’s first container vessel…
Jobless Claims Hit New Pandemic-era Low In A Sign Of Hope For The Employment Picture
First-time filings for unemployment insurance hit a new pandemic-era low last week, a sign that the jobs market is improving…
Dow Futures Drop 200 Points, Commodities Retreat On Concern About The Fed’s Move To Remove Stimulus
Stock futures were sharply lower on Thursday as concern grew that the Federal Reserve’s move to remove stimulus this year…
Chinese Firm Behind The Purchase Of The United Kingdom’s Largest Chip Plant Warns Deal Is At Risk
The Chinese firm behind the purchase of Britain’s largest chip manufacturing facility earlier this summer has admitted that the acquisition…
Treasury Yields Fall Despite Fed Taper Talk
U.S. Treasury yields fell on Thursday morning, despite the Federal Reserve’s latest policy meeting minutes showing that the central bank…
Soaring Demand For The World’s Least-Liked Commodity Sees Thermal Coal Prices Jump 106% This Year
Soaring electricity demand, infrastructure woes and a surge in global gas prices have triggered an extraordinary rally for the world’s…
Stocks, Oil Sink On Growth Worries; Dollar Gains: Markets Wrap
Asian stocks fell to the lowest this year, crude oil sank and the dollar rallied on a weakening global growth…
Nigerian City Bans Beggars And Hawkers
The Lagos state government in Nigeria has banned street begging and has formed a special team to stop the “menace”,…
Facebook Is Ready To Launch Digital Wallet
Facebook is prepared to launch the Novi digital wallet tied to Diem blockchain-based payment system, said the head of the…
Market Bull Sees New Highs Ahead, Says Don’t Bet Against United State Consumers
John Stoltzfus encouraged investors to remain optimistic despite this week’s wild market swings. The Wall Street bull, who serves as…
Biden Administration’s Booster Shot Guidance ‘Prudent Thing To Do To Stay Ahead Of This Virus,’ Says United State Surgeon General
U.S. Surgeon General Dr. Vivek Murthy told CNBC that the Biden administration is recommending Covid booster shots for most vaccinated…
Hard Lesson For United State Investors: Chinese Companies Don’t Make The Rules In China
American investors’ shock at an ongoing regulatory crackdown in China points to a fundamental difference between the two countries that…
Nigeria’s Central Bank Reportedly Freezes Accounts Of Chaka, Bamboo; What Happens To Your Investments?
A Federal High Court sitting in Abuja has granted the Central Bank of Nigeria an order to freeze the accounts…
Naira Abusers Risk Jail Terms, Central Bank Of Nigeria Warns
The Central Bank of Nigeria (CBN) has disclosed that it is working with the Nigeria Police Force (NPF), Federal Inland…
Central Bank Of Nigeria Moves To Strengthen Cybersecurity In Other Financial Institutions
The Central Bank of Nigeria (CBN) yesterday moved to strengthen cyber resilience of Other Financial Institutions (OFIs) under its regulation…
Experts Raise Concern As Nigeria’s Inflation Falls To 17.38%
Economic experts have expressed concerns over the reported decline in the country’s inflation rate to 17.38 per cent in July.…
TY Holdings Acquires 72% Stake In BOC Gases Nigeria
TY Holdings Limited yesterday announced to investing public that it has acquired 72 per cent stake in BOC Gases Nigeria…
Stock Market Rebounds As Investors Gain N23bn
The equities market on the Nigerian Exchange Limited rebounded from the loss recorded on Monday with investors gaining N23.04bn as…
Dollar Settles Near 4-1/2 Month Highs As Risk Appetite Cools
The dollar held near a 4-1/2 month high versus a basket of major currencies on Wednesday as simmering concerns about…
Mortgage Rates Hit Their Highest Level In A Month, And Weekly Demand Drops
Borrowers backed away from the mortgage market last week, as higher interest rates chilled a recent revival in refinances. The…
PayPal And Fiserv Partner To Allow Paycheck Deposits Into Venmo Accounts
Getting gig economy workers to send their paychecks directly to a PayPal or Venmo wallet is one of the goals of a…
Chinese Tesla Rival Xpeng Expands Production Capacity As Competition Heats Up
Chinese electric carmaker Xpeng is doubling the production capacity at one of its key plants as competition heats up. Xpeng said it…
Tesla Is Facing A Critical Technical Support Level — And A Break Below Could Mean ‘Bulls Are No Longer In Charge,’ Trader Warns
Tesla’s recent declines are taking the stock to treacherous territory, one trader warns. Shares of the electric vehicle manufacturer fell nearly…