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Robinhood Closes At $34.82 In Grim Stock Market Debut
Robinhood Markets Inc's shares (HOOD.O) closed more than 8% lower at $34.82 per share on their first day of…
Uber Delays Office Return, Makes Vaccination Mandatory For U.S. Employees
Uber Technologies Inc (UBER.N) is pushing back its back-to-office date to late October globally, and all employees…
CBN: BDC Promoters To Get Refund On Deposits, Fees With Pending Applications
In the aftermath of the Monetary Policy Committee (MPC) meeting, the Central Bank of Nigeria (CBN) has said it will…
Nigeria’s Capital Import Dips To $875.62m In Q2
The total value of capital importation into Nigeria declined to $875.62million in the second quarter of 2021 from…
Federal Government Urged To Adopt Bangladesh’s Export-Demand Industrial Policy…
The Director-General, Nigerian Institute of International Affairs (NIIA), Professor Eghosa Osaghae has advised the…
Nigeria To Refund Deposits To Exchange Bureaux Applicants After FX Sale Ban
Nigeria's central bank will refund exchange bureaux that have paid deposits and licence fees which have yet to be…
Central Bank Chief Says Canadians Should Not ‘Overreact’ To Temporary…
Bank of Canada Governor Tiff Macklem, writing in a column for the Financial Post newspaper on Thursday, said…
Canadian Dollar Hits 2-Week High As Fed Stance Bolsters Sentiment
The Canadian dollar touched a two-week high against its broadly weaker U.S. counterpart on
Thursday, as the…
Nigerian Manufacturers Battling Stunted Growth Blame Forex Scarcity
The manufacturing sector has seen woeful growth in the last five years, and a key problem is businesses can't find…
IMF Retains 2.5% Growth Estimate For Nigeria
The International Monetary Fund (IMF) has retained Nigeria’s 2.5 per cent economic growth forecast for 2021.
The…
OPEC: Nigeria May Be Hard-Hit By Declining Investment In Oil Sector
The Organisation of Petroleum Exporting Countries (OPEC) yesterday warned that with declining investments in the…
Ban On Forex Sale: NESG, Rewane Ask CBN To Ensure Policy Success, Cushion Effects
Following the cancellation of the sale of about $5.7 billion foreign exchange (forex) annually to about 5,500…
NYSE-Owner ICE’s Second-Quarter Profit More Than Doubles
Intercontinental Exchange Inc (ICE.N), the owner of the New York Stock Exchange, on Thursday reported that its…
Analysis: As Fed Tiptoes Around Tapering, Investors Look To Jackson Hole Meeting…
Investors looking for clear guidelines on when the Federal Reserve will begin tapering its massive bond purchases…
Merck Revenue Beats Estimates On Keytruda Demand
Merck & Co Inc (MRK.N) reported quarterly revenue on Thursday ahead of analysts' estimates, as a recovery in…
S&P 500, Dow Set To Rise As Economic Growth Heats Up
The S&P 500 and the Dow indexes were set to rise on Thursday as a slate of strong corporate earnings reports…
China Buyers Re-emerge, Patient Fed Saps Dollar
World share markets were back on the climb on Thursday as the U.S. Federal Reserve signalled it was in no rush to…
U.S. Economy Contracted 19.2% During COVID-19 Pandemic Recession
The U.S. economy contracted at a record average annualized rate of 19.2% from its peak in the fourth quarter of…
Mastercard Profit Beats Estimates On Overall Spending Boost
Mastercard Inc (MA.N) reported a 36% rise in second-quarter profit on Thursday that comfortably beat estimates,…
Carlyle’s Second-Quarter Earnings Double On Asset Sales
U.S. buyout firm Carlyle Group Inc (CG.O) said on Thursday its second-quarter distributable earnings nearly…
Oil Prices Slip But Remain Near $75 After Large Inventory Drawdown
Oil prices slipped but remained near $75 per barrel on Thursday as crude stockpiles in the United States, the…
Shoprite Out, Pick ‘N Pay in – The Nigeria Strategy For S.A’s 2nd Largest Retailer
At the beginning of the month, the Shoprite Group announced the completion of their exit from Nigeria after a few…
Investors Lose N5.80bn As 24 Firms Suffer Decline
Investors in the Nigerian Exchange Limited lost N5.80bn as 24 firms saw their share prices decline at the close of…
IMF Retains 2.5% Economic Growth Projection For Nigeria
The International Monetary und, IMF, has retained its 2.5 per cent projection for Nigeria’s economic growth in…
‘Private Sector Aids 60% Illicit Financial Flows From Africa’
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji…
Experts Blame COVID-19 As States’ IGRs Shrink By 22% In Two Years
The aggregate internally generated revenue of the 36 states in the country and the Federal Capital Territory…
Nigeria’s Capital Importation Fell To $875.62m In Q2
The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn…
German Insurers Expect Up To $6.5 Billion In Storm Claims
German insurance industry association GDV estimates that there will be up to 5.5 billion euros ($6.5 billion) in…
Banks’ Credit To Economy Hit N24.23tn, Says CBN
The total credit from the banking sector to the economy rose to N24.23tn as of the end of May, the…
Naira Falls After CBN Stops Forex Sales To BDCs
The CBN says it will not sell dollars to BDCs because they had become a conduit for illicit forex flows and graft.…