Investors Stake N8.2 Billion On Equities In Five Trading Days
At the end of last week’s transactions, a turnover of 989.6 million shares worth N8.2 billion was recorded in 9,617 deals by investors on the floor of the exchange last…
Oikocredit Provides Loan To Malian Mango Processor
Social impact investor Oikocredit provided a loan of € 1.6 million to Comafruits, a fruit processing company in Mali. Comafruits has been active for more than ten years in this…
Kenya Wapi Pay Secures $2.2m Pre-Seed Round To Ease Payments Between Africa And Asia
Investors that took part in the round include MSA Capital, EchoVC, Kepple Africa, Future Hub, Transsion Holdings and Gobi Ventures. Expressing his confidence in the startup, Tim Chen, vice president…
Naspers Foundry Makes Second Insuretech Deal In Two Weeks
Naspers has been making news headlines in the past few weeks, with Naspers’ subsidiary Prosus coming under pressure due to regulatory scrutiny from the Chinese government (and the possible impact…
Analysis: Democrats See Chance To Reset Wall St. Oversight When Top Fed Official Steps Down
The looming exit of the Federal Reserve’s top regulatory official will give Democrats an opportunity to reverse the central bank’s Wall Street-friendly course without ditching Chair Jerome Powell when his…
UK House Prices Return To Growth In July – Halifax
British house prices rose in July after falling in June as demand for bigger homes following pandemic lockdowns helped to soften the impact of a reduced tax break for buyers,…
London Stock Exchange Sales Rise As Refinitiv Integration Motors On
London Stock Exchange Group (LSEG.L) reported a rise in first-half revenue on Friday, flagging progress integrating data giant Refinitiv and rewarding investors with a dividend increase. Its shares were up…
Heirs Life, Insurance, Promise Efficient Service Delivery
Heirs Insurance Limited and Heirs Life Assurance, have confirmed that customers are now able to purchase insurance policies from their websites in mere minutes. The company in a statement said…
Credit Suisse To Repay Another $400 Mln To Greensill-Linked Fund Investors
Credit Suisse (CSGN.S) will repay another $400 million to investors in its Greensill-linked supply chain finance funds, the Swiss bank said on Friday. The payout, planned for Friday, is the…
Stock Market Ends Five-day Rally, Investors Lose N66bn
Investors in the equities market of the Nigerian Exchange Limited lost N65.18bn on Thursday, ending a rally that spanned five consecutive days. The NGX All-Share Index closed at 38,801.51 basis…
Robinhood Shares Dive 27.6%; Filing Sparks Worries Early Investors could Sell
Shares of Robinhood Markets Inc (HOOD.O) tumbled on Thursday, snapping a four-day winning streak, after the newly public online brokerage said early investors may sell nearly 98 million shares. Robinhood’s…
Stock Futures Rebound As Investors Await More Jobs Data
Futures contracts tied to the major U.S. equity indexes were mildly higher Thursday morning as Wall Street looked to improve upon a mixed week. Dow futures rose 69 points, or…
‘Investors To Exploit Opportunities In N100b Infrastructure Fund’
Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc has stated that its N100 billion Infrastructure Fund will provide an avenue for investors to gain exposure to…
NNPC Buys $2.76bn Stake In Dangote Refinery
The Nigerian National Petroleum Corporation(NNPC) is forging ahead with its plans to buy 20 percent stake in the Dangote Petroleum and Petro-Chemical Refinery. The Federal Executive Council (FEC) meeting in…
Different From Bitcoin’ — What You Need To Know About ENaira, CBN’s Proposed Digital Currency
The Central Bank of Nigeria (CBN) has announced that it will launch the pilot scheme of its digital currency (eNaira) by October 1, 2021. Rakiya Mohammed, CBN director of information…
Oritsejafor: Domestic Investors Will Continue To Dominate Equities Market
Managing/Chief Executive Officer of United Capital Securities Limited, Mr. Bawo Oritsejafor in this interview with Goddy Egene speaks on the Nigerian capital market and prospects for investors among other issues.…
Foreign Investors Withdraw N116.72bn From Stock Market In Six Months
The Nigerian Exchange Limited has revealed that foreign investors in the equities market withdrew a total of $116.72bn from Janury to June this year. According to the NGX Domestic &…
DMO Offers FG Savings Bonds For Subscription At N1,000 Per Unit
The Debt Management Office (DMO) has announced an offering for the federal government of Nigeria (FGN) savings bonds at N1,000 per unit. The FGN savings bond offer, issued by the…
Stocks making the biggest moves premarket: General Motors, CVS Health, Kraft Heinz, Tupperware and others
General Motors (GM) – General Motors missed the consensus estimate of $2.23 per share with an adjusted second-quarter profit of $1.97 per share, though revenue did top Wall Street forecasts.…
Elon Musk’s Photos Show SpaceX Rolling Out Its Massive Rocket Booster For Starship
SpaceX on Tuesday rolled out the rocket booster that the company plans to use to launch the first Starship orbital flight, and Elon Musk shared photos of the enormous vehicle,…
After $75b Investments In 20 Years, Telecoms Service Still Struggling
Twenty years after the Nigerian Communications Commission (NCC) licensed the first two Mobile Network Operators (MNOs) that birthed the revolution of Global System for Mobile (GSM) telecommunication technology in the…
Sterling Gains On Optimism For UK’s COVID-19 Restrictions Outlook
Sterling rose on Tuesday, helped by recent falls in COVID-19 infections in Britain, optimism around Britain’s easing of lockdown restrictions and market anticipation of hawkish signals when the Bank of…
Moscow Exchange To Extend Bond Trading Hours To Attract Retail Investors
The Moscow Exchange (MOEX) plans to extend the hours during which bonds can be traded from this autumn in a move aimed at attracting a greater number of retail investors,…
Dollar On Back Foot Vs Safe-Haven Peers As Delta Virus Spreads
The dollar was on the back foot against the safe-haven yen and Swiss franc on Tuesday after soft U.S. manufacturing data and rising concerns about the coronavirus Delta variant prompted…
China’s Yuan Slips As Domestic Coronavirus Cases Rise
China’s yuan weakened on Tuesday as a surge of coronavirus cases of the Delta variant in the country prompted tough measures including mass testing, fuelling worries over the potential economic…
Marvell Tech To Acquire Innovium For $1.1 Bln As It Courts More Cloud Customers
Marvell Technology Inc (MRVL.O) on Tuesday said it has agreed to acquire chip startup Innovium in a $1.1 billion all-stock deal aimed at bolstering Marvell’s share of networking chips sold…
UK Takeovers Hit 14-Year High In First Seven Months Of 2021
Takeovers of British companies hit a 14-year high by value in the first seven months of 2021, Refinitiv data shows, with no sign the buying spree is slowing after U.S.…
Hong Kong Regulator Fines UBS $1.5 Mln For Compliance Breaches
Swiss bank UBS (UBSG.S) was fined HK$11.55 million ($1.5 million) by Hong Kong’s securities regulator for failing to disclose its holdings in some companies covered in its research reports, the…
Treasury Yields Climb, 10-Year Rate Rises To 1.19%
U.S. Treasury yields climbed on Tuesday morning, with the 10-year rate rising to top 1.19%, despite concerns about a slowdown in growth. The yield on the benchmark 10-year Treasury note…
Senate Uncovers Irregularities In N1.1tr Federal Government Of Nigeria Investments At Financial Institutions
The Senate has uncovered irregularities in N1.1 trillion Federal Government investments in Crown Agents Bank and other financial institutions. Crown Agents Bank is a United Kingdom (UK) regulated provider of…