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Category: Market

Saudi Arabia Oil Giant “Aramco” Record 158% Increase In Q3
MarketTradeWorld

Saudi Arabia Oil Giant “Aramco” Record 158% Increase In Q3

Saudi Arabia’s oil giant Aramco has posted a 158% increase in third quarter net income to $30.4 billion, as the…

byakintundeNovember 1, 2021
American Airlines Canceled Over 1400 Flight , Plan To Increase Staffing
AfricaBusinessLocalMarketTechnologyWorld

American Airlines Canceled Over 1400 Flight , Plan To Increase Staffing

American Airlines said on Saturday it has canceled more than 1,400 flights over the weekend due to staff shortages and…

byakintundeNovember 1, 2021
Zenith Bank Profit Before Tax Gain 1 Percent
AfricaBankingBusinessLocalMarket

Zenith Bank Profit Before Tax Gain 1 Percent

Zenith Bank Plc has reported a one per cent increase in its profit before tax to N180bn in the nine…

byakintundeNovember 1, 2021
Euro Hovers Ahead Of ECB Meeting, Yen Looks Past BOJ Doves
BusinessInvestingMarketWorld

Euro Hovers Ahead Of ECB Meeting, Yen Looks Past BOJ Doves

The euro dipped below $1.16 ahead of the European Central Bank meeting on Thursday as investors wait to hear policymakers’…

byEkeminiOctober 29, 2021
Net Foreign Exchange Flow Increased By $0.7 Billion In July
AfricaLocalMarket

Net Foreign Exchange Flow Increased By $0.7 Billion In July

Net foreign exchange (FX) flow through the Nigerian economy increased to US$3.08 billion in July 2021 from US$2.38 billion in…

byakintundeOctober 29, 2021
Meta Material Share Spike After Facebook Change Of Name To Meta
BusinessMarketTechnologyWorld

Meta Material Share Spike After Facebook Change Of Name To Meta

Meta Materials spiked late on Thursday, for the same reason that Zoom Technologies rallied in 2019 and Signal Advance surged…

byakintundeOctober 29, 2021
Diesel Landing Cost Has increased To N336.45 Per Litre: Oil Marketers Association Of Nigeria
AfricaBusinessLocalMarket

Diesel Landing Cost Has increased To N336.45 Per Litre: Oil Marketers Association Of Nigeria

The pump price of Automotive Gas Oil, also known as diesel, may rise further as the Major Oil Marketers Association…

byakintundeOctober 29, 2021
Panic As Bitcoin Crashes, Wiping Millions Of Pounds In Cryptocurrency Markets
BusinessInvestingMarketWorld

Panic As Bitcoin Crashes, Wiping Millions Of Pounds In Cryptocurrency Markets

Bitcoin’s price has crashed yet again, wiping hundreds of millions of pounds from cryptocurrency markets and sending traders into a…

byEkeminiOctober 28, 2021October 28, 2021
Net Foreign Exchange(FX) Inflow To Nigeria Economy Increased To $3.08Billion In July – CBN
BusinessLocalMarket

Net Foreign Exchange(FX) Inflow To Nigeria Economy Increased To $3.08Billion In July – CBN

Net foreign exchange (FX) flow through the Nigerian economy increased to US$3.08 billion in July 2021 from US$2.38 billion in…

byEkeminiOctober 28, 2021October 28, 2021
World Bank Disagrees With CBN On Multiple Exchange Rates, Others
BusinessLocalMarket

World Bank Disagrees With CBN On Multiple Exchange Rates, Others

The World Bank has said it disagrees with the Central Bank of Nigeria on how it is going about to…

byEkeminiOctober 28, 2021
Crypto Startup QuickNode Raises $35 Million In Series A Funding Round
InvestingMarketTechnologyTradeWorld

Crypto Startup QuickNode Raises $35 Million In Series A Funding Round

Blockchain development platform QuickNode has raised $35 million in a Series A funding round, the company said Wednesday. The round was…

byakintundeOctober 27, 2021
World’s Biggest Maker Of Electric-Vehicle Batteries Report Profit That Exceed Analyst Estimate
BusinessMarketTechnologyWorld

World’s Biggest Maker Of Electric-Vehicle Batteries Report Profit That Exceed Analyst Estimate

Contemporary Amperex Technology Co. Ltd., the world’s biggest maker of electric-vehicle batteries and a key supplier to Tesla Inc., reported…

byakintundeOctober 27, 2021
GTCO Report Profit Before Tax Of N151.91 Billion 2021 Q3
AfricaBankingBusinessInvestingLocalMarket

GTCO Report Profit Before Tax Of N151.91 Billion 2021 Q3

Guaranty Trust Holding Company Plc has reported a profit before tax of N151.91bn for the third quarter of 2021, down…

byakintundeOctober 27, 2021
Oil Drops Ahead Of Stocks Data, Iran Talks
BusinessMarketWorld

Oil Drops Ahead Of Stocks Data, Iran Talks

Oil prices edged lower on Tuesday after rising earlier in the day and analysts said prices were set to sustain…

byEkeminiOctober 27, 2021
Nigeria’s Per Capita Income Static In 40 Year – World Bank
BusinessMarketWorld

Nigeria’s Per Capita Income Static In 40 Year – World Bank

The World Bank made a startling revelation that Nigeria’s per capita income (PCI) has not improved in the last 40…

byEkeminiOctober 27, 2021
Nigerians Downloaded Over 200,000 Wallet In 24 Hours
AfricaBankingInvestingLocalMarketTechnology

Nigerians Downloaded Over 200,000 Wallet In 24 Hours

Nigerians displayed massive interest in the Central Bank’s eNaira initiative downloading over 200,000 wallets in 24 hours. This is according…

byakintundeOctober 27, 2021
Shares Of FBN Holdings Plc Rise By 127 Percent To 350,541,662
AfricaBankingBusinessLocalMarket

Shares Of FBN Holdings Plc Rise By 127 Percent To 350,541,662

The volume of activities on the shares of FBN Holdings Plc, the parent company of First Bank Nigeria Limited rose…

byakintundeOctober 27, 2021
Sterling Edges Up, Stuck Within Recent Ranges
BusinessMarket

Sterling Edges Up, Stuck Within Recent Ranges

Sterling rose slightly on Monday but remained within recent ranges as analysts said concerns about economic growth and inflation limited…

byEkeminiOctober 26, 2021
E-Naira – Emefiele Announces New ‘100 For 100’ Instrument
BusinessLocalMarket

E-Naira – Emefiele Announces New ‘100 For 100’ Instrument

President Muhammadu Buhari has launched the Central Bank of Nigeria (CBN) digital currency, the e-Naira. While launching the digital currency,…

byEkeminiOctober 26, 2021
What To Know About Nigeria Digital Currency
BankingLocalMarketTechnology

What To Know About Nigeria Digital Currency

On Monday, President Muhammadu Buhari unveiled eNaira, Nigeria’s digital currency. At the launch, Buhari said the adoption of the Central…

byakintundeOctober 26, 2021October 27, 2021
World Bank Frowns At Nigeria Plan To Spend N2.9tn On PMS Subsidy
AfricaLocalMarketTradeWorld

World Bank Frowns At Nigeria Plan To Spend N2.9tn On PMS Subsidy

The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on…

byakintundeOctober 26, 2021
Analysts Projects A Spike In FBN Holdings Share Price
AfricaBankingBusinessMarket

Analysts Projects A Spike In FBN Holdings Share Price

Shareholders and analysts in the Nigerian capital market have projected a rise in the share price of FBN Holdings Plc…

byEkeminiOctober 25, 2021October 26, 2021
Nigeria: President Muhammadu Buhari Launch E-Naira
AfricaBankingBreakingBusinessLocalMarketTechnologyTrade

Nigeria: President Muhammadu Buhari Launch E-Naira

The President, Major General Muhammadu Buhari (retd.), on Monday, launched the eNaira platform. The eNaira is a culmination of several…

byakintundeOctober 25, 2021
CBN Introduces E-Naira Speed Wallet And E-Naira Merchant Wallet
AfricaBankingBreakingLocalMarketTechnologyTrade

CBN Introduces E-Naira Speed Wallet And E-Naira Merchant Wallet

The Central Bank of Nigeria has finally launched its Central Bank Digital Currency called eNaira on Monday. The eNaira was…

byakintundeOctober 25, 2021October 25, 2021
Newly listed Nigerian Exchange Group Led Gainers With 23.94 Percent
AfricaBusinessInvestingLocalMarket

Newly listed Nigerian Exchange Group Led Gainers With 23.94 Percent

Newly listed Nigerian Exchange Group Plc traded high at the end of last week’s transaction on the equities sector of the…

byakintundeOctober 25, 2021
AMCON Yet To Pay Arik Air Unsecured Debt Since It Took Over
AfricaBankingBusinessInvestingLocalMarket

AMCON Yet To Pay Arik Air Unsecured Debt Since It Took Over

The Asset Management Corporation of Nigeria “AMCON” has refused to pay to the aviation agencies N9.6 billion and $2.3 million…

byakintundeOctober 25, 2021October 25, 2021
HSBC Pre-Tax Profit For Q3 Jumped 75.8 Percent
BankingMarketWorld

HSBC Pre-Tax Profit For Q3 Jumped 75.8 Percent

HSBC on Monday reported third-quarter earnings that handily beat expectations and announced plans for a share buyback of up to…

byakintundeOctober 25, 2021
President Of Federal Republic Of Nigeria To Unveil  Central Bank Digital Currency Today
AfricaBankingBusinessLocalMarketTechnology

President Of Federal Republic Of Nigeria To Unveil Central Bank Digital Currency Today

President Muhammadu Buhari will unveil the Central Bank Digital Currency, known as the eNaira, today at the State House, Abuja.…

byakintundeOctober 25, 2021
PayPal Says It Is  Not Interested In Acquiring Pinterest
BusinessMarketTechnologyWorld

PayPal Says It Is Not Interested In Acquiring Pinterest

U.S. payments giant PayPal said that it is not currently interested in buying social media platform Pinterest. Responding to what…

byakintundeOctober 25, 2021
MFS Africa Makes “Second-Highest” Fintech Acquisition In Nigeria
AfricaBusinessInvestingLocalMarket

MFS Africa Makes “Second-Highest” Fintech Acquisition In Nigeria

MFS Africa, the largest pan-African digital payments hub, announced that it had signed an agreement to acquire Baxi, one of…

byakintundeOctober 25, 2021

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