Nigerian Stock Exchange’s Demutualisation Excites Corporate Affairs Commission DG
The Registrar-General/Chief Executive Officer (CEO) of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has expressed excitement at the demutualisation…
Category: Investing
Renesas Boosts Power And Connectivity Prowess With $6 Billion Dialog Deal
Renesas Electronics Corp has agreed to buy Dialog Semiconductor for 4.9 billion euros ($5.9 billion) in cash, boosting its position…
Why We Banned Cryptocurrency Trading In Nigeria – CBN
Transactions in cryptocurrencies are largely speculative, volatile and should be discouraged, the Central Bank of Nigeria (CBN) says. The apex…
Asia-Pacific Stocks Mostly Rise; China Announces New Anti-Monopoly Rules Aimed At Tech Giants
Stocks in Asia-Pacific were mostly higher on Monday, as investors monitored shares of China’s tech giants following the release of new…
Brent Approaches $60 Per Barrel As Supply Cuts, Stimulus Hopes Lift Prices
Oil prices rose on Monday, with Brent futures nearing $60 a barrel, boosted by supply cuts among key producers and…
Hyundai, Kia Say Apple Car Deal Now Off, See $8.5 Billion Wiped Off Market Value
South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric…
Stock Conversion Allows China’s Wanda To Sell AMC Shares Amid Retail Frenzy
China’s Wanda Group, the major shareholder in AMC Entertainment Holdings Ltd, conducted a share conversion to permit sales of its…
SoftBank Posts Third-Quarter Profit Gain As Vision Fund Rallies
SoftBank Group Corp on Monday recorded an 844 billion yen ($8 billion) profit at its Vision Fund unit in the…
Purchasers Managers Index Hits Six-Month Low As Output Prices Rise – Report
Stanbic IBTC Purchasers Managers Index report for January 2021 showed that output prices increased at a substantial rate during the…
European Markets Inch Higher As Global Stocks Near Record High
European stocks were modestly higher Friday as investors look to vaccine rollouts for hopes of normalization, while global markets flirt…
METALS-Industrial Metals Rise On Risk Appetite, Firm Dollar Weighs
Most industrial metals rose on Friday as appetite for riskier assets returned following a fading GameStop-style frenzy, although a stronger…
China Shares Post Weekly Gains On Economic Recovery; Sino-U.S. Tensions Weigh
China stocks ended higher for the week on Friday, as investors found support from a continued economic recovery, though Sino-U.S.…
Asia-Pacific Stocks Fall; Hyundai, Kia Shares Nudge Higher After Report Of Potential Apple Deal
SINGAPORE — Shares in major Asia-Pacific markets slipped on Thursday, with South Korea leading the losses. The Kospi in South Korea declined…
Gold, Silver Retreat As Dollar Gains Upper Hand
Gold and silver slipped on Thursday, as the dollar and U.S. Treasury yields gained and markets awaited clarity on U.S.…
Deutsche’s Trim Investment Bank Is Model For Peers
In recent years, the mere mention of Deutsche Bank’s wholesale business has been enough to elicit a titter from rival…
Nigeria’s Security Exchange Commission Releases New Rules On Collective Investment Schemes
The Securities and Exchange Commission (SEC) has released rules for collective investment schemes (CIS) prescribing that units of a collective…
China’s Big Tech Companies Are Now Fighting With Each Other
As China sharpens its antitrust crackdown on the country’s massive tech companies, two of the industry’s biggest players are taking the fight…
Alibaba Revenues Soar But Ant Group Float Uncertain
The company founded by Jack Ma saw revenues up 37% against the same quarter of 2019 to 221bn yuan ($34.2bn,…
US Treasury’s Yellen To Meet Regulators About GameStop Volatility
United States Treasury Secretary Janet Yellen is calling a meeting of top financial regulators this week to discuss market volatility…
SpaceX’s Starship Test Flight Ends In Fiery Crash, Again
A prototype of a SpaceX rocket the company hopes will one day journey to the moon and Mars has exploded…
How To Get The Most Covid Financial Relief When Filing Your Taxes This Year
No one likes doing their taxes. But there is very good reason for everyone to file a federal tax return this year,…
Uber Is Betting $1.1 Billion On Alcohol Deliveries
Uber’s future used to be self-driving cars. Now it’s delivering alcohol. On Tuesday, the company announced that it is acquiring alcohol delivery…
Europe Stock Futures Track Asia, U.S. Losses On Retail Trading Frenzy Jitters
European stock index futures fell more than 1% on Friday, tracking declines in Asian and U.S. equity markets on caution…
Ferrovial Launches New Attempt To Offload UK Outsourcer Amey
The process will put into play a business which has held government contracts ranging from prisoner transportation for the Ministry…
Oil Settles Near $55 A Barrel, Highest Level In Over A Year
Oil climbed to the highest level in over a year as tightening global supplies and signs of strength in physical…
Amazon Gets Court To Block $3.3 Billion Retail Deal Involving India’s Richest Man
Amazon has been handed a major legal victory in its fight to block a multibillion-dollar deal between two of India’s biggest retailers.…
China Shares End Lower As Losses In Tech Stocks Offset Auto Gains
BEIJING, Feb 3 (Reuters) – China shares ended lower on Wednesday, as profit-taking in tech stocks with high valuations outweighed…
A Good Start For The Nigerian Stock Market
Goddy Egene writes that the 5.3 per cent gain recorded by the equities market in January is a positive development…