Category: Market
Electric Vehicle Start-Up “Rivian Automotive” Targets $54.6 Million
Electric vehicle start-up Rivian Automotive is targeting a market valuation of as much as $54.6 billion in its upcoming initial…
Introduction Of Hostile Economic Policies Drops Nigeria Volume Of Import Via Benin Republic By 95%
The volume of imports into Nigeria through its neighbor, Benin Republic, has continued on a downward slide through July and…
SEC Urge Stockbrokers To Create Innovative Financial Products
The Securities and Exchange Commission (SEC) has urged operators to create innovative financial products that would support businesses, boost market…
Equities Market Resumes November Trading On A Downturn Note
The equities market resumed trading for the month of November on a downturn note yesterday, as market capitalisation declined by…
Canadian Dollar Steadies As Speculators Turn Bullish On The Currency
The Canadian dollar barely moved against its U.S. counterpart on Monday as data showed speculators turning bullish on the currency…
Insecurity, Others Cut Nigeria’s Foreign Investments To $875m, Lowest In 5 Years
The spate of security crises, a tough business climate, and policy inconsistency are among the factors that cut Nigeria’s Foreign…
Oil Drops At Start Of Key Week As Biden Boosts Pressure On OPEC+
Oil fell as pressure mounted on OPEC+ to boost production when it meets this week and China released reserves of…
Oil Falls After China Releases Reserves Of Gasoline, Diesel
Oil prices fell on Monday after China said it released reserves of gasoline and diesel to boost supply, while investors unwound…
Manufacturers Lament Forex Crisis Impact On Raw Materials Import
Manufacturers have lamented the impact of foreign exchange (forex) crisis on importing raw materials. Speaking during the tour of Hayat…
Forex Volatility, Inflation Hampering Investor Confidence
The volatility of the dollar in the forex market is taking its toll on micro, small and medium enterprises (MSMEs),…
China’s Yuan Steadies After Best Month In Five, Market Awaits Fed Meeting
China’s yuan steadied against the dollar on Monday after posting it biggest monthly rise in five in October, as investors…
Malaysia Stock Drops After Government Announcement Of One Off Windfall Tax
Malaysia stocks fell on Monday as the government announced a one-off “windfall” tax on companies to raise revenue for the…
Xpeng Hong Kong Shares Soar High After Delivery Of More Than 10,000 Cars
Xpeng said it delivered more than 10,000 cars in October, sending its Hong Kong shares higher on Monday The electric…
TLcom And 4DX Ventures Make Follow-On Deal For Autochek
Autochek, the automotive technology company facilitating auto financing across Africa, has today secured $13.1mn in seed funding. Co-led by follow-on…
Price Of Domestic Fuel Is Indexed To International Pricing Model: Nigeria LNG
Following worries over the hike in the price of cooking gas, the Nigeria LNG has explained that the price of…
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…
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…
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’…
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…
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…
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…
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…
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…
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…
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…
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…
