Thai Baht Gains Among Muted Asian Currencies; S.Korea’s Won Slips
Thailand’s baht edged up among mostly muted Asian currencies on Friday, after a short-lived retreat in the dollar this week…
Category: Business
Port, Shipping Firms Divert Vessels After A Ningbo Terminal Shuts
Ports and shipping companies are diverting vessels from a container terminal in China’s busiest marine transportation hub which was forced…
U.S. Consumer Sentiment Plummets In Early August To Decade Low
U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade, in a worrying sign for…
Virgin Galactic Falls As Billionaire Branson Sells Stake Worth $300 Million
Shares of Virgin Galactic Holdings Inc (SPCE.N) fell nearly 3% on Friday after its founder and British billionaire Richard Branson sold a…
Peloton Is Sued For Improperly Charging Sales Tax
Peloton Interactive Inc (PTON.O) subscribers have filed a proposed class action lawsuit accusing the maker of at-home stationary bicycles of improperly charging…
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 by Harris…
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 once…
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 EU…
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 of 18…
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 the…
Singapore To Deepen Investments In Nigeria, Others
Singapore is looking at deepening its economic ties with Nigeria and other West African countries as its enterprises promise to…
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 carriageways across the country. This…
Stock And Forex Trading Regulations In Nigeria
Nigerian trading market: a brief overview Although somewhat similar, it is important to note the difference between stock and Forex trading.…
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 Dangote Refinery…
Fixed Income, FX Markets Sustains Momentum Recording N15.31trn, $10.12bn Turnover In One Month
Investors’ interest in the fixed income and currencies markets has continue to soar as both markets recorded significant increase in…
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 (VAT) in the second quarter…
Exclusive-Fed’s Barkin: U.S. “Closing In” On Taper, But Could Still Take A Few Months
It may take a few months more for the U.S. job market to recover enough that the Federal Reserve can…
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 appeared…
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 Reuters, potentially giving…
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 spending, as a…
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 million)for the second quarter,…
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 months of labor data…
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 barrels…
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…
Nigeria Experienced Increase In Export Of Manufactured Goods, Employment And Productivity In July – Report
The Stanbic IBTC Bank Nigeria’s Purchasing Manager Index (PMI) report has stated that the export of Nigerian manufactured goods, employment…
Travellers Told To Expect Delays At Pearson As Border Reopens To Fully Vaccinated Americans
Travellers are being told to expect delays at Toronto’s Pearson International Airport as Canada reopens its border to fully vaccinated…
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 aims to raise…
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 exit recession in 2021. GlobalData…
Central Bank Of Nigeria: Digital Currency Would Be Critical National Infrastructure
The Central Bank of Nigeria (CBN) has said its proposed digital currency, known as e-Naira, will be treated as a…