Analysis: Investors Lukewarm On Tesla’s $1.5 Billion Bitcoin Splurge
Investors in high-flying electric carmaker Tesla Inc are questioning whether Elon Musk’s $1.5 billion outlay…
Category: Business
Stocks Making The Biggest Moves In The Premarket: Under Armour, Twitter, Bunge & More
Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 47 cents per share, 5 cents a share above…
International Monetary Fund Sees Dangote Refinery’s Potential Of Bailing Nigeria From Economic Downturn
The International Monetary Fund (IMF), the global financial watchdog is projecting that Nigeria’s Dangote Refinery…
Oil Production Still 300% Higher Than Nigeria’s Projection
Minister of State for Petroleum Resources, Timipre Sylva, yesterday revealed that Nigeria still spends around $30…
European Markets Mixed As Traders Digest Earnings News; Maersk Down 7%
European stocks were mixed Wednesday as traders digested a slew of new corporate earnings. The…
GM Warns Chip Shortage Could Cut 2021 Earnings By Up To $2 Billion
General Motors on Wednesday reported fourth-quarter earnings that easily beat Wall Street expectations, but the company…
Mizuho Predicts How Much Self-Driving Cars Should Add To Baidu’s Share Price
Shares of Chinese technology company Baidu are at an all-time high and could climb further,…
Oil Rally Extends For 9th Day On OPEC+ Cuts, Demand Hopes
Oil extended its rally for a ninth day on Wednesday, its longest winning streak in…
Walt Disney Shares Near Record High, Investors Eye Streaming Update
Walt Disney Co, which wowed investors in December with ambitious streaming TV plans, will update…
Nigeria Rejects Advice To Devalue Currency –International Monetary Fund
The Federal Government has rejected advice by the International Monetary Fund (IMF) to further devalue…
Nigeria Government To Crash Oil Production Cost To $10
The Federal Government yesterday launched the Nigerian Upstream Cost Optimisation Programme (NUCOP) to cut down the…
Nigeria Stock Exchange Equities Down By 0.34% As Investors Lose N74Bn
Proceedings on the floor of the Nigerian Stock Exchange (NSE) kick started the new week…
Stockbrokers Proffer Ways To Nigeria’s Economic Progress
Leading experts and stakeholders in capital market yesterday called on the Federal Government to rethink…
Macquarie Taps Renewables Trend With $2 Billion Infrastructure Fund
Macquarie, the world’s largest infrastructure investor, has raised 1.6 billion euros ($1.93 billion) for its…
Maersk Boosted By Trade Recovery, But Misses Forecasts
A surge in demand for goods like furniture and exercise equipment from locked-down consumers has…
Asian Stocks Hit Record High as Earnings, Stimulus Boost Recovery Hopes
Asian stocks hit a record high on Wednesday as upbeat earnings, hopes of a large…
Recovery In Global Trade To Stall Again In First Quarter: U.N. Report
A recovery in global trade is expected to slow again in the first quarter of…
Nasdaq, New York Stock Exchange Sue SEC Over Planned Overhaul Of Public Data Feeds
Nasdaq Inc and the New York Stock Exchange have each sued the Securities and Exchange…
Musk’s Bitcoin Bet Fuels Gains In Companies Already Invested
The Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street…
Analysts Forecasts Higher Bond Yields in Second Half of 2021
The Chief Investment Officer, Afrinvest Asset Management, Mr. Robert Omotunde has predicted that the second…
Nigerian Stocks In Longest Losing Streak So Far In 2021
Nigerian equities mounted further loss on Monday as the bourse of Africa’s largest economy saw…
Dollar Wallows At Two-Week Low; Bitcoin Steadies After Surge Past $48,000
The dollar traded near two-week lows as demand for safer assets ebbed on Wednesday, with…
Sterling Continues To Make Headway Against Basket Of Curriencies
The British pound is currently relishing the success the vaccine rollout has provided, leading to…
Nigeria-Niger Rail Line To Boost Trans-Saharan Trade – Buhari
The President, Major General Muhammadu Buhari (retd.), on Tuesday justified the decision of his regime…
What Tesla’s Bitcoin Purchase Means For The Future Of The Dollar
Large and respected institutions, including a $1 trillion company run by the richest person on earth are…
Federal Government Of Nigeria Urges China To Intensify Support For $5bn Mambilla Power Project
The Nigerian Investment Promotion Commission (NIPC), has called on the Chinese Government to intensify its…
Oil Holds Rally After Report Points To Shrinking U.S. Stockpiles
Oil was steady near $58 a barrel as an industry report pointed to a drop…
Bitcoin ‘Can’t Be Stopped’: Nigerians Look To P2P Exchanges After Crypto Ban
“There’s no stopping crypto, [it’s] the future and we won’t let some old fools take…
Central Bank Of Nigeria Diaspora Remittance Policy And How Nigerians Are Reacting
AS part of measures to promote transparency in the management of diaspora payments, the Central…
Goldman Sachs Boosts U.S. GDP Estimate, Sees COVID Relief At $1.5 Trillion
Economists at Goldman Sachs Group Inc on Monday bumped their U.S. GDP forecast for the…