OPEC chief warns that global oil output is decreasing.
Haitham Al Ghais, Secretary General of the Organization of Petroleum Exporting Countries, has warned that world oil production capacity is…
Category: Market
According to a report, forex turnover has dropped by 47%.
In April, the foreign exchange turnover of Naira against the US dollar in the Investors & Exporters market fell by…
Nigeria to Become Top Middle Income Economy By 2050, Says Buhari.
The Nigeria Agenda 2050 was officially unveiled on Wednesday in Abuja, with the statement that its implementation will “ensure that…
The Purchase of EABL Shares by Diageo Offers Brokers a Boost.
UK multinational Diageo’s recently completed additional purchase of 22.7 billion shillings of EABL shares helped generate millions of dollars in…
SEC Moves to Prioritize the Updated Capital Market Master Plan.
The First Capital Market Committee meeting in 2023 will be dominated by the implementation of the updated master plan of…
Four Days of Bearish Trading Result in Investor Losses of N674bn.
After four days of trading last week, investors on the Nigerian Exchange Limited lost N674 billion.Due to the Federal Government…
Nigerian Stock Market Draws $19.2 Billion in Investment Over Five Years.
According to a National Bureau of Statistics research, the Nigerian stock market drew a total of $19.2 billion (N8.83 trillion)…
March Sees Continued Combat Against Inflation by Global entral Banks.
Most developed and emerging market central banks continued to raise interest rates at a strong clip in March, albeit the…
Investors Make N10 billion as the Market Recovers.
The Nigerian Exchange Limited’s downward trend came to an end on Tuesday as the market recovered and investors gained N10…
PAPSS will Promote Capital Market Diversity – SEC
The execution of the Securities and Exchange Commission’s agreement with the Pan-African Payment Settlement System is expected to promote intra-African…
Nigeria’s First Women’s Capital Markets Publication, Bourseladies, Debuts
The World Economic Forum, or WEF, estimates that it will take more than 100 years to close the gender gap…
First Abu Dhabi Bank may Increase its $35 billion Offer for StanChart – Bloomberg.
First Abu Dhabi Bank (FAB.AD) (FAB), the United Arab Emirates’ biggest lender, could renew a potential offer for Britain’s Standard Chartered (STAN.L), once…
Nigerian Bonds Decrease Ahead of the S&P Credit Rating Review.
Following the West African oil producer’s downgrading by another rating agency, Moody’s, a week earlier, Nigeria’s dollar-denominated government bonds declined…
Stanlib’s Infrastructure Fund Purchased Upington Solar Farm For Over R1 Billion.
Asset management Stanlib’s Infrastructure Fund II, which invests in infrastructure projects including renewable energy, transportation infrastructure, and logistics, is acquiring…
In 2022, Migrant Workers Sent about $800 billion Home.
People in low and middle income countries depend on migrant workers money sent home, which is expected to have increased…
Addax’s Property Is Acquired By NNPCL.
After fulfilling closing obligations, NNPC Limited (NNPCL) and Addax Petroleum Development (Nigeria) Limited have amicably terminated their 24-Year Production Sharing…
After Moody’s Downgrading, Investors Sell Off Nigerian Bonds.
According to the report, “Nigeria’s sovereign-risk premium jumped the most in three months after Moody’s Investors Service downgraded the country…
Central Bank of Nigeria Recovers N1.9 trillion Following Naira Redesign.
The United Nations has said the Nigerian economy will grow to three percent in 2023 because of robust commodities trade…
India’s Adani Dollar Bonds Hit Lowest Since November.
Dollar bonds issued by subsidiaries of the Indian conglomerate Adani Group fell after a scathing report by a U.S. short seller…
Stock Investors Lose N24 billion as Lending Rates Rise.
The Nigerian stock market reacted sharply to the interest rate hike, with market capitalisation rapidly falling in comparison to the…
Bearish Trading Closes with N47 billion Loss In the Stock Market.
Due to profit-taking actions by Dangote Cement Plc and 20 other companies, the Nigerian stock market ended down by N47…
15% of Developing Nations have Debt Problems, According to the IMF.
According to the International Monetary Fund, 15% of low-income countries are already experiencing debt distress. According to Nairametrics, the IMF…
European Shares Decline as China Data Renews Economic Concerns.
Following China’s announcement of its weakest annual economic growth in nearly 50 years, which increased investors’ concerns about an economic…
China’s 2022 Economic Growth One of the Worst on Record.
As a result of severe COVID restrictions and a downturn in the real estate market in the fourth quarter of…
Inflation Rate in Nigeria Drops for the First Time in 11 Months.
The inflation rate in Nigeria decreased to 21.34 percent for the first time in 11 months. Up until November 2022,…
Wells Fargo Predicts that Inflation will Decline to 2.2% by Year’s End.
According to a note from Wells Fargo, inflation is anticipated to continue to ease and could drop by an astounding…
The World Bank Lowers its Forecast for Nigeria’s Economic growth.
The World Bank Group has once more revised downward its estimate of Nigeria’s economic growth, primarily due to a weakened…
Kenya: The Majority of NSE Companies do not Pay Dividends.
In the most recent financial year cycle, almost half of the Nairobi Securities Exchange (NSE) listed companies did not pay…
Following a Fed Inflation Nudge, Global Shares Decline.
The first decline in global shares in three days occurred as a result of remarks made by two Federal Reserve…
Plension Capital Firm Launches and Discloses First Transaction.
Plesion Capital announced its establishment as a social impact venture capital company dedicated to collaborating with entrepreneurs and businesses with…