Oil Rally To Stall As Recession Risks Counter Tight Supplies.
A rally in oil prices could stall as recession fears and COVID flare-ups in China slow demand and counter supply…
Category: Market
Ether Rallies Above $1,700 As Developers Announce Date For “Goerli Testnet Merger”
Looks like Ether, the native token of the Ethereum blockchain is leading the end-of-month rally in the cryptocurrency space; as…
Debt Management Office Lists Triple-Tranche Bonds On Nigerian Exchange
The Debt Management Office (DMO) has listed a triple-tranche of $4 billion Eurobonds, $1.25 billion Eurobonds; and N250 billion Sukuk…
Prada’s mid-term targets look closer after strong first half
Luxury fashion group Prada beat first-half sales and profit forecasts and said it could reach its mid-term targets earlier than…
Exchange Rate Falls Further To N718/$1 At Black Market.
Naira has depreciated to a record low at the black market after the local currency closed trading at N718/$1. This…
Central Bank Of Nigeria’s July 2022 Treasury Bills Auction Records 23% Oversubscription.
It is worth noting that, despite the rise in the interest rate, increased inflationary pressure to 18.6% in June 2022;…
Nigerians Run To Crypto Amid Falling Naira, Bitcoin P2P Trading Surge By 258% In 7 Days.
Many Nigerians are hedging against collapsing local currency by amassing dollar-denominated digital assets, in particular stablecoins and bitcoins. Thereby causing…
Atiku Proposes $10 Billion Economic Stimulus Fund To Support Agriculture, Manufacturing And MSMEs- Nigeria.
Atiku Abubakar, the presidential candidate for the Peoples Democratic Party, has stated that within the first 100 days in office;…
Nigeria Has The Second Largest Market For Cryptocurrencies In Africa In 2022- Bitget Report.
A new cryptocurrency market report titled, “What Does the Future Hold for Crypto Exchanges,” has revealed that; in terms of the cryptocurrency…
UK Retailers Downbeat About Outlook For August – CBI.
British retailers are downbeat about the outlook for August as the cost-of-living squeeze weighs on demand. Despite a relatively modest…
Shanghai Bourse Vows Market Stability Before Communist Party Congress.
The Shanghai Stock Exchange (SSE) vowed over the weekend to maintain market stability; ahead of the politically significant 20th Party…
Due To Tighter Budgets, Consumers Avoid Candles And Barbecue Kits.
Whether they make strawberry pound cake-scented candles or $300 brisket barbecue delivery meal kits, U.S. Companies are telling investors to…
Gazprom Bond Payments Trickle Through To Some Creditors As Sanctions Rise
Payments due on international bonds issued by Russia’s Gazprom (GAZP.MM) have been transferred to some creditors, a source familiar with…
Global Equity Funds See Biggest Weekly Outflow In Five Weeks
Global equity funds recorded their biggest weekly outflow in five weeks in the week to July 20, on investor caution…
German Manufacturing, Services Sectors Shrink In July -flash PMI.
German business activity unexpectedly shrank in July, a preliminary reading of a purchasing managers survey showe;, as companies were hit…
Euro Zone Firms See Continued Inflation, Wage Pressures – ECB Survey.
Businesses across the euro zone continued to report mounting inflation pressures and an acceleration in wage growth. Even as the…
Gogo Inc. To Report Second Quarter 2022 Financial Results On August 5, 2022
Gogo Inc. the world’s largest provider of broadband connectivity services for the business aviation market, today announced that it will…
Bitcoin Rises 5.11% to $23,564.93
Bitcoin rose 5.11% to $23,564.93 at 22:05 GMT, adding $1,145.77 to its previous close. Bitcoin, the world’s biggest and best-known…
Buffett’s Berkshire Edges Closer To 20% Occidental Stake.
Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) purchased another 1.94 million shares of Occidental Petroleum Corp (OXY.N), giving it an $11.4…
Oil Prices Extend Losses As Demand Concerns Outweigh Tight Supply.
Oil prices fell for a second straight session, as demand concerns outweighed tight global supply after U.S. Government data showed…
China Takes Steps To Ease Up On Regulatory Crackdown As Economy Slows
Chinese authorities imposed a $1.2 billion fine on ride-hailing firm Didi Global Inc, a move that signalled an end to…
Unilever’s India unit warns of higher prices as costs pressure margins
Hindustan Unilever Ltd, India’s largest consumer goods maker, warned on Tuesday that high inflation will dent its margins in the…
Exchange Rate Skyrockets To N644/$1 At Peer-To-Peer Market As Forex Scarcity Lingers.
Wednesday, 20th July 2022: The exchange rate between the naira and the US dollar closed at N426.58/$1; at the Investors…
Investors Of Nigerian Breweries Lose N27 Billion In A Trading Day.
Sustained sell pressure witnessed on shares of some blue-chip firms quoted on the Nigerian Exchange; has resulted in shareholders of…
Exxon Mobil Dividend Yield Pushes Past 4%
In trading on Wednesday, shares of Exxon Mobil were yielding above the 4% mark based on its quarterly dividend (annualized…
Buhari unveils NNPC Limited, agency halts FAAC remittances.
The Nigerian National Petroleum Company Limited on Tuesday made it clear that it would no longer remit any money; to…
Crypto Market Reclaims Trillion Dollar Status With Altcoins Leading The Charge.
Despite the increase in the U.S. inflation rate to 9.10%, a multi-year high; the cryptocurrency market capitalization has reclaimed its…
Asset Manager GAM Warns On Profit Citing Market Turbulence.
GAM Holding (GAMH.S) expects to post a loss for the first half of 2022, the Swiss asset manager said; citing…
US Stock Futures Gain As Earnings Season Moves Past Banks
U.S. stock futures edged higher as investors looked past quarterly results from financial companies to earnings reports from other sectors…
UK Lenders Expect Biggest Fall In Mortgage Demand Since Q2 2020
British lenders expect the biggest fall in demand for mortgages since mid-2020 during the three months to the end of…