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…
Category: Investing
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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.…
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…
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…
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…