Construction Sector Leadership Award Goes to Julius Berger for the Seventh Time in a Row.
Julius Berger Nigeria Plc, ostensibly the most innovative and reputable engineering construction company in the nation, has triumphantly taken home…
Category: Market
Profit for NPF Pension Fund Managers Reaches Five-Year High.
The rise in the return on equity, which is a sign that the Fund is managing investors’ money successfully, has…
Otedola’s Geregu Power Will Feature On The Nigerian Stock Exchange.
Geregu Power Plc will be listed on the Nigerian Exchange Group (NGX)’s Main Board. According to NGX, 2.5bn shares of…
CBN’s Multiple Exchange Rate Deters Foreign Investment In Nigeria, Says FG.
A major barrier to the operation of enterprises is the multiple exchange rate system and restricted access to foreign exchange.…
US Treasury Says Cryptocurrency Industry Might Endanger Financial Stability.
The US Treasury Dept’s Financial Stability Oversight Council (FSOC) has concerns on cryptocurrencies; and also their ability to affect the…
NATO Worries About Russian Plans to Test Belgorod Poseidon Nuclear Torpedo.
Initially intended to be a Project 949A Antey submarine, the nuclear submarine BS-329 Belgorod came to live. The longest submarine…
Oil and Gold Suffered Significant Q3 Losses.
After a surprise stronger U.S. Inflation reading for August bolstered predictions for more astronomical Federal Reserve rate rises, oil investors…
NNPC Increases Revenue to N674 Billion in 2021.
The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Mele Kyari, said that the NNPC’s corporate profit after tax…
Russian Oil Price Cap Adopted by EU.
According to Politico Europe, which cited diplomatic sources, the EU has tentatively agreed to set a price ceiling on the…
Nigerian Banks Experience Earnings Drop Following Latest Policy Rate Increase – S&P.
The Central Bank of Nigeria (CBN) increased its main monetary policy rate by 150 basis points (bps) on September 27.…
Musk Introduces a Humanoid Robot.
Elon Musk, the founder of Tesla and SpaceX, unveiled a prototype robot dubbed “Optimus”; that will likely be produced in…
Ethiopian Airlines Becomes A key Investor In Nigeria Air.
The Nigerian government announced that Ethiopia Airlines is the preferred bidder for Nigeria Air; as it gets ready for the…
Drone Assassinations Are Legal in Israel.
IDF commanders will be permitted to employ drones “to carry out strikes should armed individuals be recognized as posing an…
Stocks Slide, Dollar Spikes.
September got off to a bumpy start as persistent worries about rising global interest rates and recessions hounded stock and…
Jobs Jolt In The United State.
A look at the day ahead in U.S. and global markets from Mike Dolan. Whatever quarterly growth statistics are showing,…
Europe’s Alternatives If Russia Cuts Off Gas Supply.
The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo maintenance from Aug. 31-Sept. 2, prompting concerns…
Why China Locked Kenya Out Of New Debt Relief Deal.
The elevation of Kenya to the middle-income status saw China lock the country out of a new list of African…
German Economy Jumps To 0.1% Growth In Q2.
The German economy grew in the second quarter, propped up by household and government spending and beating analyst expectations that…
Major Gulf Bourses Gain On Rising Oil Prices.
Major stock markets in the Gulf rose in early trade, in response to a surge in oil prices in the…
Rouble Steadies Near 60 Vs Dollar, Stocks Down.
The rouble eased but still traded near 60 against the dollar as it retained some support from month-end tax payments…
Global Growth Worries Keep FTSE 100 Lower For Third Day.
UK’s blue-chip stock index slipped on Wednesday after a slew of global data highlighted growing risks of a recession, with…
China To Forgive 23 Interest-Free Loans To 17 African Countries.
China has stated that it will forgive 23 interest-free loans to 17 African countries; and will also provide food assistance…
Saudi Says Oil Price Plunge Ignores Extremely Tight Global Crude Supply.
OPEC’s leading oil producer, Saudi Arabia, says the recent oil price decline is by poor futures market liquidity; and macro-economic…
Canada Inflation Eases To 7.6% In July, But Analysts Eye Oversized Rate Hike.
Canada’s inflation rate eased slightly in July, as lower gasoline prices outweighed fast-rising food prices; but economists said hot core…
After the Fed minutes, Asia’s Shares Decline But The Dollar Remains Stable.
Asian shares fell, tracking Wall Street’s losses as the U.S. Federal Reserve looked set to maintain its path of interest…
Oil Prices Turn More Volatile As Investors Exit The Market.
Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the…
Skeptical On U.S. Stocks, Equity Hedge Funds Sit Out Market Rally.
Still uncertain on where U.S. Stocks are headed, equity hedge funds are sitting out the market rally; despite taking big…
By The End of 2022, The U.S. Claims That Roughly 20 Models Will Receive EV Credits.
The Biden administration said about 20 models will still qualify for electric vehicle tax credits; of up to $7,500 through the end…
Russian Stocks Rise As The Rouble Reaches A One-Week High Against The Euro.
The Russian rouble strengthened to a one-week high against the euro, boosted by upcoming tax payments; that usually boost demand…
Tencent Stops Sales On Its NFT Platform Huanhe A Year After Launch As Scrutiny Mounts.
Chinese internet giant Tencent Holdings’ (0700. HK) non-fungible token (NFT) platform Huanhe will no longer release digital collectibles to the public, as…