Equities Rally N388b In Three Days
NIGERIAN equities has gained N388 billion so far this week as continuing bargain-hunting amid steady…
Category: Business
Rising Against Extortion At Airport
A Nigerian who recently arrived the country from the Nnamdi Azikiwe International Airport, Abuja has…
Sterling Pinned Near $1.29 As Investors Await Fresh Catalysts
Sterling traded in tight ranges on Friday, pinned near the $1.29 mark against the dollar…
Surge In Use Of Algorithms May Hurt Quality Of FX Prices – BIS
The growing use of computer-run algorithms to trade currencies is helping foreign exchange markets function…
Fresh Oil Doom For Nigeria As Lockdowns In Europe Crash Oil Prices
Oil prices crash below $40 as Europe imposes lockdown for virus It was another oil…
European Stocks Close Lower As ECB Hints At Further Stimulus; Nokia Down 20%
LONDON — European markets closed slightly lower on Thursday after a choppy trading session, as…
Gold Slips To 1-Month Low As Dollar Gains Upper Hand
Gold prices fell to a one-month low on Thursday, extending the previous session’s sharp slide…
Oil Falls More Than 3%, On Track For Worst Week Since April
Oil prices fell more than 3% on Thursday, extending the previous day’s sharp decline on…
Dollar Holds Ground As Rising Covid-19 Cases Boost Safe-Haven Demand
The dollar held gains against a basket of major currencies on Thursday as escalating coronavirus…
Apple One Subscription Bundles Launch On Friday Starting At $14.95 A Month
Apple will launch its Apple One subscription bundles on Friday, Apple CEO Tim Cook told…
Treasury Yields Jump After Better-Than-Expected Economic Data
Treasury yields climbed on Thursday after economic data pointed to a continuing recovery. The yield…
Amazon Reports Sales Growth Of 37%, Topping Estimates
Amazon reported better-than-expected third-quarter results after the bell on Thursday, including soaring profits and 37%…
Dollar Stabilises As Europe’s New Lockdowns Keep Risk Appetite Subdued; ECB In Focus
The dollar edged up slightly on Thursday and riskier currencies remained subdued, with markets worried…
CBN Increases Access To Mortgage Financing
The Central Bank of Nigeria has said it has removed the restriction on non-member mortgage…
Nigeria’s Earnings Threatened As Oil Sheds $2.33/Barrel
Brent, the oil against which Nigeria’s crude is benchmarked, dropped in price on Wednesday, shedding…
Naira Falls To N465/$1 At Black Market, Gains 0.09% At I&E
After maintaining stability for some days, the Naira finally recorded a movement against the United…
Wide Gulf Persists Between CBN, BDC Rates For Naira And Dollar
The Nigerian Naira remains battered by US Dollar, Euro, Sterling The Central Bank of Nigeria…
Sterling Bank Launches ‘Switch’ Free Money Transfer Service For Nigerians In Diaspora
Sterling Bank Plc has launched “a free money transfer service” for Nigerians in diaspora, called…
WTO Explains Leadership Election Quagmire
The World Trade Organisation selection committee explains the election quagmire. Link below: WTO Election committee…
U.S. States Reason For Blocking Okonjo-Iweala At WTO
The Office of the U.S. Trade Representative has explained why the Trump administration is opposed…
Bank Of Canada Holds Rate Steady, Says COVID-19 Economic Recovery Likely By 2022
OTTAWA — The Bank of Canada kept its key interest rate on hold Wednesday as…
CBN Debits Banks Of CRR Worth N926.4bn For Breaching Lending Requirements
The Lagos State Government has announced total closure of the Adekunle to Adeniji section of…
Oil Plunges 5% As Coronavirus Cases Surge, U.S. Crude Stockpiles Swell
Oil prices dropped 5% to a three-week low on Wednesday as surging coronavirus infections in…
FG To Take Over 10 Airports From State Governments
The federal has disclosed plans to take over 10 airports from State governments to help…
Cash-Strapped Customers Groan As Long Queues Return To Banks In Edo
Customers in Edo State on Wednesday, experienced difficulties in making financial transactions owing to the…
Purchasing Managers’ Index Contracts In October
The Manufacturing Purchasing Managers’ Index (PMI) stood at 49.4 index points in October, indicating slowing…
Sterling Drops Vs Dollar; One-Week Volatility Jumps Ahead Of U.S. Elections
Sterling fell against a strengthening dollar on Wednesday as markets turned risk-averse in light of…
How Emefiele Saved The Economy From COVID-19
The Coronavirus pandemic (COVID-19) took the world by storm in a manner that inflicted destruction,…
Travel Agents Bemoan Fakery, Illegal Operators
Travel agencies have again raised concerns over the activities of illegal operators, touts and fake…
Euro Dips On French Lockdown Fears, U.S. Vote Drives Volatility Gauges Up
The dollar rose against the euro on prospects of a national coronavirus lockdown in France,…