Browsing Category
Business
Strong Disney Earnings Push S&P 500, Dow To New Peaks
The Dow and the S&P 500 opened at record highs on Friday, boosted by Walt Disney and tech-related shares, while…
Banks Take Steps To Reduce Potential Cloud Computing Risks, Google Survey
Banks are taking steps to mitigate risks from their increasing use of external cloud computing services, a survey…
Analysis: As Fed Shifts Gears, Shaping Consensus Gets Trickier For Powell
In his nearly six years on the Federal Reserve's board of governors before becoming its chair, Jerome Powell never…
Italy Gets 25 Billion Euros In First Tranche Of EU Virus Recovery Fund
Italy on Friday received 24.9 billion euros ($29.3 billion), its first tranche of money from the 800 billion euro…
Pension Assets To Hit N20trn In 2023 –Agusto & Co
The Nigerian pension industry’s net assets will hit the N20 trillion mark by 2023, recording an average growth rate…
Federal Government Of Nigeria Okays $2.5m, N498.2m For Four Power Projects
The federal government has approved a total sum of $2.54 million and N498.23 million for four power projects across…
Singapore To Deepen Investments In Nigeria, Others
Singapore is looking at deepening its economic ties with Nigeria and other West African countries as its…
Federal Government Reintroduces Toll Plazas, Nigerians To Pay N500, N200 Per Trip
The Federal Executive Council has approved the reintroduction of toll collections on some selected dual…
Stock And Forex Trading Regulations In Nigeria
Nigerian trading market: a brief overview Although somewhat similar, it is important to note the…
AMCON Rubbishes Reports Of Possible Seizure Of Dangote Refinery
The Assets Management Corporation of Nigeria (AMCON) has rubbished reports that it was planning to take over the…
Fixed Income, FX Markets Sustains Momentum Recording N15.31trn, $10.12bn Turnover…
Investors’ interest in the fixed income and currencies markets has continue to soar as both markets recorded…
FG Generates N512 Billion VAT In Second Quarter Of 2021
The National Bureau of Statistics (NBS) says the federal government generated N512.25 billion as Value Added Tax…
Exclusive-Fed’s Barkin: U.S. “Closing In” On Taper, But Could…
It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can reduce its…
Wall St Set To Rise As Inflation Growth Slows
Wall Street’s main indexes were set to open slightly higher on Wednesday after data showed that growth in inflation…
Analysis: Peak OPEC? Climate-Focused Production Shift To Pile Pressure On Pact
Moves to mitigate climate change are drawing peak oil demand closer, current and former OPEC officials told…
Analysis-Investors Look Under The Radar For Winners From U.S. Infrastructure Bill
Investors are ramping up the search for stocks that could benefit from a potential splurge in infrastructure…
Dutch Bank ABN Amro’s Q2 Net Profit Beats As Economy Recovers
Dutch bank ABN Amro reported on Wednesday a better-than-expected net profit of 393 million euros ($460.48…
Fed’s Evans: Wants “Few More” Job Reports Before Bond Taper
The current inflation spike shouldn't push the Federal Reserve to tighten monetary policy prematurely, with more…
FG Targeting 50 Billion-Barrel Oil Reserves – DPR
The target of the Federal Government is to increase Nigeria’s oil reserves from 36.91 billion barrels to 50 billion…
Why Forex Supply To BDCs Cannot Be Sustained Now
Some of the main aims for the sales of forex to operators of licenced Bureau de Change outlets was to ease pressure…
Nigeria Experienced Increase In Export Of Manufactured Goods, Employment And…
The Stanbic IBTC Bank Nigeria's Purchasing Manager Index (PMI) report has stated that the export of Nigerian…
Travellers Told To Expect Delays At Pearson As Border Reopens To Fully Vaccinated…
Travellers are being told to expect delays at Toronto's Pearson International Airport as Canada reopens…
Exclusive: Exxon Launches U.S. Shale Gas Sale To Kick-Start Stalled Divestitures
Exxon Mobil Corp (XOM.N) has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that…
Nigeria To Exit Recession At Slow Growth Of 2.3% –GlobalData
Leading data and Analytics Company GlobalData, has predicted that Nigeria, Africa’s largest economy by GDP, will…
Central Bank Of Nigeria: Digital Currency Would Be Critical National…
The Central Bank of Nigeria (CBN) has said its proposed digital currency, known as e-Naira, will be treated as a…
Shakeup In NNPC, Senior Management Staff Redeployed, COO Sacked
The Nigerian National Petroleum Corporation on Monday announced the promotion and redeployment of some staff to…
Bitcoin’s Rebound To 3-Month High Has Bulls Eyeing $50,000 Again
Bitcoin surged Monday to a nearly three-month high as policy makers hashed out last-minute compromises over how to…
U.S. Senate To Vote On Passage Of $1 Trillion Infrastructure Bill
The U.S. Senate has set a Tuesday vote on passage of a $1 trillion bipartisan infrastructure bill that is one of…
British Asset Manager Abrdn Reports Surge In Profits
Asset manager abrdn's (ABDN.L) earnings jumped over 77% in the first half of 2021, its first set of results since…
Japan’s SoftBank Reports 39% Fall In Q1 Net Profit
Japan's SoftBank Group Corp (9984.T) on Tuesday reported a 39% fall in first-quarter net profit, even as Vision…