Equities Suffer Sixth Weekly Loss As Index Slumps Further By 1.74%
Although the stock market closed positive twice, last week, the gains were not enough to push the indices as the…
Category: Business
Stockbrokers Want FG To Leverage Capital Market
The Federal Government (FG) has been urged to focus on raising bonds from the capital market to finance revenue-generating projects…
After US Sanctions, Huawei Turns To New Businesses To Boost Sales
Six months after the Trump administration dealt a crushing blow to Huawei Technologies Co.’s smartphone business, the Chinese telecommunications giant…
Xiaomi Wins Temporary Reprieve From US Ban On American Investment
Xiaomi has won at least a temporary reprieve from a US ban on Americans investing in the Chinese smartphone maker.…
Taiwan Central Bank Seen Holding Fire Again With Economy Strong
Taiwan’s central bank is expected to keep its policy rate steady at a record low this week as the economy…
H&M Sales Recover In March As Stores Reopen After Lockdown
Sales at fashion group H&M fell slightly less than expected in the three months through February and rose in the…
Dollar Gains Further As Treasury Yields Resume Climb
The dollar gained for a second consecutive session on Monday as rising U.S. Treasury yields forced traders to cut their…
Take Five: Week Of The Central Banks
After a stunning selloff in U.S. Treasuries took benchmark 10-year yields above 1.6%, the highest in a year, the March…
Deliveroo Aims To Sell $1.4 Billion Of New Shares In Upcoming IPO
British food delivery company Deliveroo said on Monday that it plans to sell around 1 billion pounds ($1.39 billion)of new…
Roche Agrees To Buy GenMark Diagnostics In $1.8 Billion Deal
Roche will buy GenMark Diagnostics, a U.S.-based maker of molecular diagnostic tests in a $1.8 billion deal, the Swiss pharmaceuticals…
World Stocks Inch Up On Stimulus, Vaccines Hopes
Global stock prices inched higher while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S.…
Danone Confirms Ousting Of Faber As Chairman And CEO After Activist Pressure
The board of French food group Danone said on Monday that Emmanuel Faber would step down as chairman and CEO,…
Demutualisation: Stockbrokers Urged To Adjust Models With New Market Structure
Stockbroking companies in Nigeria have been urged to align their business models with the newly demutualised Nigerian Stock Exchange (NSE) to…
All-Share Index Falls 1.7% As Demutualisation Fails To Lift Market
The stock market recorded its sixth consecutive decline last week with the Nigerian Stock Exchange (NSE) All-Share Index (ASI) declining…
Crypto Exchanges Move To Control Scam Activities In Nigeria
Cryptocurrency exchanges in Nigeria are taking measures to ensure a safe trading environment for investors with upgraded security protocols. The…
China’s Factories, Consumers Drive Recovery Into 2021
China’s factory and retail sector activity surged in the first two months of the year, beating expectations, as the economy…
Naira’s Free Fall: Insurance Industry Capital Base Crashes To $1b
Naira’s depreciation has taken a toll on the capital base of the insurance industry. The capital has dropped to $1…
Emerging Markets Brace For Rate Hikes With Debt At Records
After an unprecedented period of rate cuts to prop up economies shattered by Covid-19, Brazil is expected to raise rates…
Oil Marketers Seek Reactivation Of 21 Depots Across Nigeria
Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for the reactivation of the 21 petrol depots across the country.…
Global Central Banks Confront Enthusiasm Of Investors: Eco Week
Central bankers from Washington to Tokyo will this week confront the enthusiasm of investors betting on a return of inflation,…
N42bn Debt: Federal Government Of Nigeria Stops Telcos From Disconnecting USSD Services
The Federal Government, on Saturday, asked telecommunication operators to put on hold, their impending suspension of Unstructured Supplementary Service Data…
British Airways Calls For Vaccinated People To Travel Without RestrictionsBritish Airways Calls For Vaccinated People To Travel Without Restrictions
British Airways’s new boss said vaccinated people should be allowed to travel without restriction and non-vaccinated people with a negative…
ICAN To FG: Poor Forex Management Hurting Investor Confidence
The top hierarchy of the Institute of Chartered Accountants of Nigeria (ICAN) has impressed on the federal government the need…
Nigeria To Benefit From $6.95m Africa Digital Financial Inclusion Facility Grant
The Africa Digital Financial Inclusion Facility (ADFI) is offering six grants valued at USD6.95 million to finance digital financial inclusion…
Nigeria’s Rising Debt Servicing, An Economic Threat
The increasing debt service of Nigeria is an economic threat to the country, the Securities and Exchange Commission declared on…
U.S. Stocks Edge Higher; Yield Spike Hits Tech
U.S. stocks eked out a record, though rising Treasury yields continued to weigh on technology stocks. The dollar jumped. The…
MAN: Banks Delaying CBN’s N1tr Stimulus Package
The Manufacturers Association of Nigeria (MAN) has accused Money Deposit Banks (DMBs) of making it difficult for manufacturers to access…
Nigerian State Oil Company Rows Back Regulator’s Fuel-Price Hike
Nigeria’s state oil company ruled out higher gasoline prices this month, less than a day after the fuel regulator signaled…
Harnessing The Power Of Mobile Marketing To Drive The Growth Of Fintech Across Africa
Although relatively new, fintech has become a hit with Africa’s mobile-first population. While traditional financial services institutions have been unable…
ECB Doesn’t Intend Faster Bond-Buying To Mean More Stimulus
The European Central Bank (ECB) headquarters in Frankfurt, Germany, on Wednesday, Oct. 21, 2020. A push for a ECB green…