G7 and Allies Pause Reviews of Russian Oil Price Cap Scheme
The G7 and its allies have halted their regular reviews of the Russian oil price cap scheme, despite Russian crude…
Category: Market
IFC Plans $50 Million Investment in Emerging Markets Infrastructure Fund II
The International Finance Corporation (IFC) is considering an investment of $50 million in the Emerging Markets Infrastructure Fund II, a…
Biden Administration Offers $12 Billion to Automakers to Retrofit Plants for EV Production
The Biden administration is providing $12 billion in grants and loans to auto manufacturers and suppliers to retrofit their plants…
China Takes Measures to Boost Economy Amidst Slowdown
As China grapples with an economic slowdown and a debt crisis in the property sector, authorities have rolled out a…
Surprising Surge: Kenyan One-Year Treasury Bill Interest Rates Spike to 14% Despite Government’s Borrowing Cut Plans
In an unexpected twist, the interest rate on the one-year Treasury bill in Kenya soared to a remarkable 14% during…
War Risk Premiums Surge for Shipping in Russia’s Black Sea Ports Amid Escalating Tensions
Insurance companies have informed ship charterers operating in Russia’s Black Sea ports of a significant increase in “war risk premiums,”…
European Business Lobby Urges China for Clarity on Economic Plans and National Security
The European Chamber of Commerce in China, an influential business lobby, is calling on Beijing to provide a clear message…
U.S. Stock Futures Rise on Nvidia Optimism and Easing Bond Yields”
U.S. stock index futures have shown positive movement as optimism regarding Nvidia’s upcoming earnings report continues to bolster megacap growth…
China Cuts One-Year Lending Rate, But Surprises by Keeping Five-Year Rate Unchanged
China has taken steps to stimulate credit demand by reducing its one-year benchmark lending rate, lowering it by 10 basis…
Oil Prices Rise on Tightening Supply Amid Global Demand Concerns
Oil prices increased on Monday due to tightening global supply resulting from lower exports by major oil-producing countries like Saudi…
Petroleum Traders May Benefit from Falling Oil Prices and Strengthening Naira
Major petroleum product traders and independent traders could potentially experience relief from rising gasoline importation costs due to a combination…
Transcorp Group: A Driving Force for Nigeria’s Energy Transformation
Transcorp Group, under the leadership of Chairman Tony Elumelu, is emerging as a pivotal force in propelling Nigeria and Africa…
Seplat Energy Clarifies Ownership Amidst Oil Rig Incident Controversy
Seplat Energy, an independent oil producer, has responded to controversies surrounding the ownership of the Majestic oil rig, which was…
ECOWAS Prepared to Intervene Militarily in Niger Republic’s Political Crisis
The Economic Community of West African States (ECOWAS) has announced its readiness to intervene militarily in Niger Republic if diplomatic…
Nigerian Stock Exchange Continues Bearish Trend, Market Capitalization Drops by N58 Billion
The Nigerian Stock Exchange (NSE) has extended its bearish performance from the previous trading session, resulting in a decline of…
Binance Shuts Down Fiat-to-Crypto Platform Amidst Crypto Market Fluctuations
Binance, a prominent cryptocurrency exchange, has announced the closure of its fiat-to-crypto payments platform, Binance Connect. This decision comes as…
China’s Reluctant Response to Economic Challenges Raises Concerns
China’s economy is facing challenges such as a potential property crisis and stagnation, leading to concerns over the government’s tepid…
Ghana $13 billion Eurobond Restructuring to be Concluded by Year End – Government
Ghana’s government aims to reach an agreement with its commercial creditors to restructure Eurobonds totaling $13 billion by the end…
Petrol Prices Set to Surge Further as International Crude Oil Market Gains
International market data reveals that the price of Brent crude oil has increased by 20%, signaling a potential further rise…
FocusEconomic Analysts Forecast 2.8% GDP Growth for Nigeria in 2023 Despite Fuel Subsidy Removal
According to the August 2023 FocusEconomics Consensus Forecast report, Nigeria’s economy is projected to expand by 2.8% in 2023 and…
NECA Raises Concerns Over Rising Inflation and Public Debt in Nigeria
The Nigeria’s Employers Consultative Association (NECA) has voiced apprehension about the country’s surging inflation and burgeoning debt, stating that these…
Financial Services Stocks Drag Nigerian Bourse, Market Capitalization Declines by N257bn
The Nigerian bourse experienced a downturn last week as losses in FBN Holding Plc, Ecobank Transnational Incorporated, and other financial…
Nigeria’s Capital Importation Witnesses a 28% Decrease in Q1 2023: NBS Report.
The recent report released by the National Bureau of Statistics (NBS) on capital importation in Nigeria reveals a significant decline…
Equity is the first bank to increase loan interest rates to take into account the new CBK rate.
Equity Bank, Kenya’s most profitable bank, has announced an increase in loan prices following the Central Bank of Kenya’s (CBK)…
The World Bank Endorses Kenya’s New Digital Tariffs.
The World Bank has expressed its support for Kenya’s efforts to expand the reach of taxation in the digital marketplace.…
European stock markets experience losses to start the new week.
The new week brought losses to European stock markets, mirroring the decline in Tokyo, as investors monitored inflation updates and…
Emefiele’s Suspension: An Increase of N1.2 trillion in Market Capitalization.
On Tuesday, the market capitalization of the Nigerian stock market increased significantly by 4% (N1.22 trillion) to N31.6 trillion. When…
Nigerian Stocks Exhibit the Region’s Greatest Returns.
The majority of quoted securities in Nigeria outperformed their peers in Sub-Saharan Africa despite the country’s high inflation and negative…
Stock Investors Seek Change as Capital Flight Continues.
The effects of fiscal and monetary policies on the Nigerian equities market have raised concerns among stakeholders, despite the fact…
Kenya Reignites African Nations’ Push to Abandon the Dollar.
President William Ruto has challenged African leaders to take the first steps toward abandoning the globally-strong US dollar by joining…