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…
Author: akintunde
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…
HSBC Ups Price Targets On Greek Banks, With Eurobank, Piraeus Top Picks.
HSBC raised its price targets on shares of Greece’s four largest lenders after they posted strong performances in the first…
OPEC+ Missed Output Targets By 2.9 Million Barrels Per Day In July.
OPEC+ produced 2.892 million barrels per day (bpd) below their targets in July, two sources from the producer group said;…
BoG Rolls Out Urgent Measures To Fight Inflation, Cedi Depreciation.
The Bank of Ghana (BOG) has raised the policy rate by 300 basis points (bp) to 22% in a historic…
FTX Reportedly Grew Its Revenue By Over 1,000% In 2021.
FTX, one of the largest cryptocurrency exchanges by transaction volume, has seen its revenue grow by 1,046% in 2021; from…
Nigeria FG Records N643.09bn Fiscal Deficit In One Month.
The Federal Government’s fiscal deficit rose from N491.28bn in March to N643.09bn in April, according to the Central Bank of…
Oil Snaps 3-day Winning Streak On Strong Dollar, China’s Sluggish Demand.
After three days of gains, oil prices dropped considerably due to concerns that aggressive interest rate increases; by the United…
5G: New Operator Won’t Launch In August.
Mafab Communications Limited is set to miss the Nigerian Communications Commission 5G rollout commencement date of August 24, 2022. This…
Why Nigeria Exports Electricity To Niger, Benin, Togo — TCN.
As Nigerians continued to worry about the continued exportation of electricity to neghbouring countries amid shortage in national supply; the…
Ethereum Drops Below $1,600, Posts Weekly Loss Of Over 20%.
The majority of popular digital assets declined during the course of the week, and by the weekend, market leaders; Ethereum and Bitcoin…
Bitcoin Up From Mid-August Lows Amid Growing Economic Uncertainty.
As investors continued to mull over the most recent inflation figures and lingering macroeconomic uncertainties; most crypto assets breathed heavily…
Undisbursed Loans Raise Nigeria’s World Bank Debt To $21.15bn.
Undisbursed loans may drive Nigeria’s debt to the World Bank from $12.72bn to $21.15bn, the PUNCH has learnt. This shows…