Development Partners International (DPI) Sells Stake In Food Concepts To ACA
Private equity firm Development Partners International (DPI) said on Thursday it has sold about a third of its stake in…
Category: Market
Africa Startup “Andela” Attains Unicorn Status
Andela, a startup that connects African software engineering talent to global companies has raised $200 million from investors led by…
Pressure On Cost Leads To Purchase Price Inflation
Unfavorable exchange rate movement exerted pressure on cost, leading to a rise in purchase price inflation. Stanbic IBTC Bank Nigeria…
Evergrande Crisis Is Affecting China’s Property Market
On the heels of Evergrande’s debt crisis, there are increasing signs of stress in China’s property market after one developer…
Insurance Industry’s Gross Premium Income (GPI) Grew By 15%
The Insurance Industry’s Gross Premium Income (GPI) grew by 15 per cent year-on-year to N592.3 billion in the financial year…
Investors Gain N521.46 Billion
Investors in the Nigerian Exchange Limited equities market recorded N521.46bn gain in September despite losses in 85 firms against 35…
OYO To Issue New Shares Worth $1.16 Billion
Indian hotel chain Oyo is planning to raise about 84.3 billion rupees ($1.16 billion) in an initial public offering, according…
Nigeria Debt Hit N35 Trillion
Nigeria spent N445.4bn on debt servicing payments in the second quarter of this year, the latest data obtained from the…
NNPC Incorporation Have Been Completed: Corporate Affairs Commission
The Corporate Affairs Commission (CAC) on Wednesday, said that it has completed the incorporation of Nigerian National Petroleum Company (NNPC)…
NGX Market Capitalization Gains N382.06 Billion
At the end of Wednesday trading session, the Nigerian Exchange market closed positive amidst sell-offs and buy-interests as the benchmark…
U.S. Stock Index Futures Rose, Tech Stocks Dipped
U.S. stock index futures rose during early morning trading on Thursday, after tech stocks dipped again as investors digest the…
Local Chinese Government Halt Factory Production
Abrupt power cuts in parts of China are pushing some foreign companies to invest in other countries instead. In the…
Mortgage Application Volume Fall By 1.1%
Higher interest rates took some recent wind out of the sails in the mortgage market. After gains the previous week,…
Naira Exchange At 414.83 To $1 Officially
The exchange rate between the naira and the US dollar closed at N414.83/$1, at the official Investors and Exporters window.…
Oil Prices Climbed To The Highest Level In Three Years
Oil prices climbed, Tuesday, to the highest level in three years on mounting expectations that the global natural gas crisis…
Asia-Pacific Stocks Mixed After China’s GDP Forecasts
Stocks in Asia-Pacific were mixed in Tuesday trade, as various firms downgraded China’s GDP forecasts. Goldman Sachs on Tuesday slashed…
E-Naira Will Aid Revenue Collection: CBN
The Central Bank of Nigeria has said the e-Naira will provide a secure and cheaper Diaspora remittance option, this was said…
Nigerian: Investors Record N51.03 Billion Loss
Stock market activities on Monday declined as trading volume and value of shares dropped by 77.99 per cent and…
Uphold Quality Standards:Standard Organisation Of Nigeria
The Standard Organisation of Nigeria has asked electrical dealers to uphold the quality standards for them to benefit from the…
Singapore’s Logistics Startup Ninja Van Is The Newest Unicorn
Ninja Van raised $578 million from investors including Chinese e-commerce giant Alibaba Group, making the logistics startup Singapore’s newest unicorn.…
Inflows From Foreign Portfolio Investors Dropped By N37.85bn: Nigerian Exchange Limited
The Nigerian Exchange Limited, formerly Nigerian Stock Exchange, revealed in its latest report that year-to-date inflows from foreign portfolio investors…
capital Market Raised N176bn In Four Years: The Securities and Exchange Commission
The Securities and Exchange Commission has said that the capital market raised N176bn in four years and has the potential…
Naira Exchange At N580 To $1
The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel…
Brent Oil Futures Close At It Highest Level Since October 2018
The price of crude oil was up in London on Friday morning, climbing for a fourth day amid tighter supplies…
China Intensifies Crackdown On Cryptocurrencies
Bitcoin and ethereum tumbled Friday, with traders rattled by tough talk out of China. The price of bitcoin fell 8%…
Nigerian Stocks Extend Decline Amid Investors’ Hesitation To Hold Bank Shares
Nigerian stocks encountered more strain on Wednesday as the benchmark index slowed 0.05 percent to its lowest point in more…
OPEC Nations Warn Of Oil Market Instability From Gas Crisis
As the global natural gas crunch hits suppliers and consumers alike, OPEC nations are warning of the knock-on impact for…
Chinese Estate Share Soared High After China Evergrande Group Announcement
Hong Kong-listed shares of investment holding firm Chinese Estates surged on Thursday after the firm announced plans to potentially dispose…
