Analysts Foresee Marginal Uptick In Capital Importation In 2021
Investment and financial analysts at Cordros Securities Research has projected marginal uptick in capital importation (CI) in 2021 after a decline of 56.7 per cent in 2020. The CI for…
US Sells A Million Barrels Of Iranian Oil Seized Under Sanctions
The United States has sold more than a million barrels of Iranian fuel seized under its sanction programme last year, a Department of Justice official said, as another ship with…
China-Backed Trade Deal Seen Helping Investors, Not Workers
A China-backed trade and investment deal representing about a third of the global economy is unlikely to bring immediate significant benefits for its developing member countries, analysts and economists say.…
Just Six Feet Wide, ‘London’s Skinniest House’ Is For Sale For $1.3 Million
A house billed as “possibly the skinniest house in London” is up for sale for £950,000 ($1.3 million). Just six feet wide and covering 1,034 square feet, the five-story property…
Dollar Steadies After Soft U.S. Inflation, Dovish Fed
The dollar fell during a quiet Asian session on Thursday, after softer-than-expected U.S. inflation data for January and a reiteration of the Federal Reserve’s dovish policy stance, but recovered some…
Global Equity Funds Secure Biggest Inflows In Two Years In Week Ended February 10
Global equity funds led inflows in the week to Feb. 10, bolstered by upbeat corporate earnings and the prospects of a U.S. stimulus package. Investors purchased $43.1 billion in equity…
Foreign Exchange Inflow Drops To $5.7bn In One Month
Nigeria recorded $5.7bn foreign exchange inflow into the country in November 2020. This was a drop from $6.47bn and $7.34bn recorded in October and September respectively. The Central Bank of…
Mastercard To Open Up Network To Select Cryptocurrencies
Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.…
Yellen Eyes Innovation To Battle Misuse Of Cryptocurrencies, Narrow Digital Gaps
U.S. Treasury Secretary Janet Yellen on Wednesday warned about an “explosion of risk” from digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight…
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 into bitcoin will be as good for the company as it has been for the…
How Nigerians Can Exploit China’s $22tn Market –Chinese Director
The Director, Centre for China Studies, Mr Charles Onunaiju, has said that Nigerians could exploit the huge economic opportunities in the $22tn Chinese market if the Federal Government implements certain…
Bitcoin Pushes Closer To $50,000, Global Stocks Mixed
Bitcoin moved closer to $50,000 for the first time on Tuesday, while the dollar declined as equity traders monitored anticipated US fiscal stimulus and Covid-19 vaccine developments. Asia’s main stock…
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 in producing a barrel of crude oil despite the undulating price of the commodity…
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 pan-European Stoxx 600 hovered 0.2% above the flatline by early afternoon trade, with basic resources…
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 two years, supported by producer supply cuts and hopes that vaccine rollouts will drive a…
Heineken To Cut 8,000 Jobs To Restore Pre-Pandemic Margins
Heineken NV plans to cut about 8,000 jobs, the Dutch group said on Wednesday, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of…
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 U.S. fiscal stimulus and a prolonged period of low interest rates fanned optimism about a…
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 in 2021 and are extending their gains thanks to Tesla’s $1.5 billion bet on the…
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 half of 2021 will see higher yields on federal government’s bonds. He said this yesterday…
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 starting to worry about the world’s institutions, most notably the stock market and…
Minister: Investment In Sugar Industry Will Provide Jobs For Youths
Minister of Industry, Trade Investment, Chief Niyi Adebayo, has reiterated commitment of the federal government to partner with private and public investors in the sugar industry to accelerate the nation’s…
9 Fundamental Principles That One Must Follow While Investing
Almost everybody knows that wealth creation is a marathon race, but still many practice sprints. While a marathon focuses on the long run, a sprint focuses on the short run.…
Egypt Capitalises On Bond Boom With $3bn Borrowing Plan
Egypt will raise $3 billion by selling dollar bonds maturing in as long as 40 years as it seeks to take advantage of low borrowing costs and investors’ hunger for…
South Korean Boy Invest With 43% Gains Is New Retail Trading Icon
Watching the business news first thing is a new routine for 12-year-old South Korean Kwon Joon, as he dreams of becoming the next Warren Buffett after earning stellar returns of…
Tesla Says You Could Soon Pay For One Of Its Cars With Bitcoin
Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars. And the most valuable car company on the stock market said…
Exclusive: Congressional Democrats Set To Back More Than $50 Billion For Transportation Sector
Democrats in the U.S. Congress are to release a sweeping plan on Monday to provide more than $50 billion in additional assistance to U.S. airlines, transit systems, airports and passenger…
Capital Calls: Macquarie’s Relief Rally
Concise insights on global finance in the Covid-19 era not too foul. Macquarie gave investors some good news on Tuesday. Australia’s largest investment bank unveiled a relatively decent set of…
Neimeth International Pharmaceuticals Plc Declares First Dividend In 10 years
Neimeth International Pharmaceuticals Plc is set to declare its first dividend in 10 years following the 20 percent growth in revenue recorded in its financial year ended September 30, 2020.…
Reddit’s Valuation Doubles To $6 Billion After New $250 Million Funding
Reddit Inc, which has been at the heart of a recent social media-driven retail trading frenzy, said on Monday it raised more than $250 million in a new round of…
Bitcoin Rockets To New Highs As Tesla Takes It Mainstream
Bitcoin extended gains on Tuesday to a record high as the afterglow of Tesla Inc’s investment in the cryptocurrency had investors reckoning it would become a mainstream asset class for…