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Dollar Stands Tall As U.S. Yields Resume Climb
The U.S. dollar gained on Monday, climbing towards a 3-1/2-month high, as a broad rise in Treasury yields spooked…
Brent Hops Past $70 For First Time Since Pandemic Began After Saudi Attack
Brent crude futures climbed above $70 a barrel on Monday for the first time since the COVID-19 pandemic began,…
Iran Slips Record Volume Of Oil Into China, Reaches Out To Asian Clients For Trade…
Iran has quietly moved record amounts of crude oil to top client China in recent months, while India’s state…
Oil, Travel Stocks Boost European Shares
European shares rose on Monday, catching up with a late Friday rally on Wall Street, while oil majors like Royal…
Bitcoin’s Next Top Could Be Between $75K And $306K, Kraken Research Suggests
A reading of the historical data paints a promising picture for Bitcoin's potential growth in 2021.
Analysis of…
Nigeria’s Risk Premium Hits 1yr High Despite Rising Oil Prices
Investors are demanding higher returns from Nigeria to be holders of its debt as compensation for tolerating its…
Crude Oil Hits $68 As Goldman Sachs Projects Prices May Rise To $80 By Q3
The price of Brent crude, against which Nigeria’s crude oil is priced, has risen to $68.03 per barrel following the…
How Cryptocurrency Trading Keeps Nigerians Engaged
Nigerians have continued to the Central Bank of Nigeria (CBN) over its directive to banks to stop the provision of…
Oil Soars Above $67, Nigeria Earns Additional N318bn/Month
Nigeria may have earned over N318bn additionally in February as a result of the increase in crude oil price in the…
US Companies Plan $2.37Bn Investments In Nigeria
United States companies in Nigeria plan to invest over $2.37bn in Nigeria in the next three years, according to a…
A New Era Of Volatility Begins, But Tech Inflows Continue: BofA
Investors poured billions of dollars into high-flying stocks even as the ongoing bond market rout led to sharp…
Credit Suisse Winding Down Greensill-Linked Funds
Credit Suisse is winding down its supply chain finance funds which held most of their roughly $10 billion in notes…
Bond scares linger, investors look to Powell
Worries about lofty U.S. bond yields hit global shares on Thursday as investors waited to see if Federal Reserve…
Nigeria Records N4.9tr Investment Inflows In 5 Yrs
The Nigeria Investment Promotion Commission (NIPC) has said Nigeria’s annual investment inflows averaged $13…
Apple-Supplier Foxconn Flags Strong Start To Year As Lockdowns Spur Electronics…
Apple supplier Foxconn said it expects first-quarter revenue to rise more than 15% from a year earlier, boosted by…
Volkswagen CEO Tweets, Musk-Style, On Market-Cap Milestone
When the market value of Germany’s Volkswagen rose above the 100-billion-euro mark on Wednesday for the first time…
Tangerine Life Completes Merger With ARM Life
Tangerine Life Insurance Limited (previously known as Metropolitan Life Insurance Nigeria Limited), has, concluded…
Samsung Considers Four Sites In U.S. For $17 Billion Chip Plant: Documents
Samsung Electronics Co Ltd is considering two sites in Arizona and another one in New York in addition to Austin,…
Stock Market Reverses Gains As Index Drops By 0.59%
The Nigerian Stock Exchange (NSE) has reversed positive sentiment to close on a downturn yesterday as the shares of…
European Telcos Cash In On Tower Assets As High-Cost 5G Investment Looms
European telecoms firms are cashing in on the money-making power of masts, as tower companies line up to pay…
Las Vegas Sands To Sell Properties For About $6.25 Billion
Casino operator Las Vegas Sands Corp said on Wednesday it would sell its Las Vegas real estate property and…
Investors Lose N120bn As Stocks Resume Decline
The Nigerian stock market, which began the month on a positive note, resumed its decline on Tuesday as 26 firms…
We’re Treating Agriculture As Money Making Business — Federal Government Says
The Federal Government, Tuesday, assured that agriculture is being treated as moneymaking business and to create…
Dollar On Defensive As Risk Sentiment Recovers Amid Retreat In U.S. Yields; Aussie…
The safe-haven U.S. dollar remained broadly weaker on Wednesday as Treasury yields retreated further, restoring…
Japan’s SMFG Likely To Halt All New Lending To Coal-Powered Plants, Sources…
Japan’s Sumitomo Mitsui Financial Group is likely to halt all new financing to coal-fired power plants, including…
Pandemic-Era Investment Rules Pose Hurdles For Sovereign Funds, Report Says
Sovereign wealth funds will have to navigate growing regulatory scrutiny across some of their favoured areas for…
Asian Stocks Perk Up On Economic Cheer As Treasuries Stabilise
Asian shares edged higher on Wednesday as investors shrugged off concerns that stocks may have rallied too far too…
Abercrombie & Fitch Profit Beats On Lower Costs, Higher Holiday Pricing
Abercrombie & Fitch Co reported a better-than-expected quarterly profit on Tuesday and said it would resume…
Hertz Set To Ride Out Of Bankruptcy With $4.2 Billion From Investment Firms
Two investment firms will buy a majority stake in Hertz Global Holdings Inc for $4.2 billion under a restructuring…
Imperial Acquires SA E-commerce Startup ParcelNinja
Logistics company Imperial recently announced that it has acquired 60% of ParcelNinja. The deal took effect on 1…