Nigeria: Investors Lose N4.23bn As Consumer Goods Stocks Decline
The equities market of the Nigerian Exchange Limited declined by N4.23bn at the end of trading on Monday amid selloffs…
Category: Market
Chinese Stocks Rise As Data Shows China’s Exports In August Beat Expectations
Shares in Asia-Pacific were mixed in Tuesday trade, as data showed China’s August trade data came in above expectations. The…
European Markets Head For Mixed Open, Reflecting Uncertain Sentiment Globally
European stocks are expected to open mixed on Tuesday, reflecting similar trade in their Asia-Pacific counterparts overnight. London’s FTSE is…
NNPC To Sell Equity Stake From 2024
The GMD of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said the earliest the corporation can issue its…
India, Netherlands, Spain Emerge Top Export Destinations for Nigeria’s Crude Oil
India, Netherlands and Spain have now filled the vacuum left by the United States as top buyers of Nigeria’s crude…
Stock Market Sheds N117bn As Investors Take Profits
The equities listed on the Nigerian Exchange Limited shed N117.03bn last week, with analysts attributing the market downturn to profit-taking…
Nigeria: Dangote Refinery To Increase Workforce To 57,000 employees
The Founder, Dangote Industries Limited, Alhaji Aliko Dangote has said the construction of the Dangote Petroleum Refinery is a result…
Warren Buffett-Backed Electric Carmaker BYD Sees August Sales Surge More Than 300%
BYD sold 61,409 new energy vehicles in August, more than four times the amount sold a year ago, as demand…
Estate Firm Increases Access To Short-Let Apartments In Lagos
In line with its ambitions to increase access to short let rentals, Shortlethomes, a leading real estate firm, has launched…
European Markets Head For Mixed Open After U.S. Jobs Miss
European stocks are expected to open in mixed territory on Monday as investors digest jobs data from the U.S. Friday…
SPACs Offer Hope For Reviving Singapore’s Flagging IPO Market
Singapore’s stock exchange this month launched new rules allowing SPACs to list, a move it hopes will draw more firms…
Payrolls And The Stock Market: Wall Street Usually Shrugs Off Jobs Report
Markets always look to the Labor Department’s monthly employment report with great anticipation. But whether the data disappoints or surprises…
Wall St Week Ahead Investors Grow Wary As Stocks Hit New Highs
Investors are girding their portfolios for potential stock market volatility, even as equities hover near fresh highs after logging seven…
China Set To Sell 1.7 Million NEVs Between Jan-Aug, Nearly Tripling On-Year
China, the world’s biggest vehicle market, is expected to sell 1.7 million new energy vehicles (NEV) in the first eight…
Stocks End Week On a Downbeat Note After disappointing Jobs Report — Five Experts On What’s Next
Stocks looked to enter the long weekend on a dour note after a disappointing August jobs report. Nonfarm payrolls rose…
Match Shares Soar On News It Will Join S&P 500
Shares of Match Group rose more than 8% after hours, following news that the company is joining the S&P 500.…
CBN Gets Eight New Directors
Nwanisobi had been in acting capacity since last October, when his predecessor, Isaac Okorafor retired. A statement from the CBN…
Oil Set For Second Weekly Gain As Stockpiles Drop, Dollar Eases
Oil headed for a back-to-back weekly gain, supported by signs that the global crude market is tightening and a weaker…
Canada FX Debt-Canadian Dollar Climbs To 2-Week High As Oil Rallies
The Canadian dollar rose to its highest level in more than two weeks against its broadly weaker U.S. counterpart on…
Yuan Retreats After Touching Month High, Weak Services Activity Dampens
China’s yuan briefly touched a one-month high against a softer dollar before giving up all the gains by midday on…
Emirates Extends Suspension Of Nigerian Flights To September 19
Travel to and from Nigeria remains suspended as there is no testing facility available at Lagos airport Emirates has extended…
Sylva To Launch $50m Oil Industry Research, Development Fund Protocol
The Minister of State for Petroleum Resources, Chief Timipre Sylva, will next week launch the oil and gas Research and…
Brent Crude Crosses $73 Per Barrel
Oil prices rose more than $1 a barrel yesterday, rebounding on optimism about the pace of global economic growth despite…
Analysis-Weak August U.S. Jobs Report Throws Doubt On Fed Taper
The weak U.S. jobs report for August complicates what had seemed a clear path for the Federal Reserve to begin…
Increasing Spending: FG’s Three-Year Deficit Hits N15.4tn Amid Revenue Crisis
Within a three-year period covering July 2018 to June 2021, the Federal Government recorded a fiscal deficit of N15.35tn, statistics…
Stock Market Halts Losing Streak, Investors Gain N35bn
Investors in the equities market of the Nigerian Exchange Limited gained N35.44bn fueled by buyer interest in large-cap stocks on…
External Reserves Hit Two-Month High, as Naira Plunges Further
Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have shown. Sadly,…
Nigeria Govt Unveils Two Aircraft For Data Collection
The Federal Government has unveiled two aircraft earmarked for Airborne Geophysical Survey activities to enhance mining data collection in Nigeria.…
Property Market on Steroids’: Asia-Pacific’s Real Estate Boom Sees Buyers Bidding Up Prices
Housing prices have shot up across cities in Asia-Pacific this year, fueled by record low interest rates amid the pandemic.…
Naira Sinks To 530 Against Dollar, Pound Hits N720
The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid…