Stock Market Halts Losing Streak, Investors Gain N35bn
Investors in the equities market of the Nigerian Exchange Limited gained N35.44bn fueled by buyer…
Category: Market
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 Govt Unveils Two Aircraft For Data Collection
The Federal Government has unveiled two aircraft earmarked for Airborne Geophysical Survey activities to enhance…
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…
Naira Sinks To 530 Against Dollar, Pound Hits N720
The naira plunged to a fresh record low against the dollar, the British pound sterling…
European Stocks Muted As Markets Monitor Key Economic Data
European markets were fractionally lower on Friday morning as investors awaited key economic indicators out…
China’s Stock Trading Volume Surges Above 1 Trillion Yuan For Weeks As Other Investment Options Dry Up
Chinese investors are turning to the local stock market as once-lucrative options like real estate…
Emerging Markets-Peso, Baht Lead Asia FX Declines, Indian Rupee Gains Ahead Of U.S. Jobs Data
Asian currencies were largely mixed on Thursday, with the Philippine peso and the Thai baht…
Sterling Driven Higher By Dollar Weakness, Still Stuck Below $1.38
Sterling edged higher on Thursday, driven by dollar weakness after disappointing U.S. labour data, while…
Naira Trades At N528/$1 In Streets Despite Oil Price Uptick Ahead OPEC+ Meeting
The Nigerian Naira has slumped to an all-time low of N528 to the dollar in…
OPEC+ Sticks With Planned Supply Hike As Oil Demand Improves
OPEC and its allies agreed to stick to their existing plan for gradual monthly oil-production…
France Fines U.S. Bank JP Morgan $29.6 Mln In Tax Fraud Settlement
U.S. bank JP Morgan has agreed to a 25 million euros ($29.6 million) fine in…
President Xi Says China To Set Up Stock Exchange In Beijing
China’s President Xi Jinping on Thursday (Sept 2) said the country would set up a…
Stock Futures Are Muted as September Gets Off To a Slow Start
U.S. stock futures were little changed early Thursday morning after the S&P 500 finished the…
European Markets Lackluster As Markets Gear Up For U.S. Jobs Data; Swedish Orphan Biovitrum Up 24%
European stocks edged higher on Thursday morning as investors geared up for the next reading…
S&P 500 Closes Flat On First Day Of September, Nasdaq Ekes Out A Record Close
The S&P 500 closed the first trading day of September near the flatline as the…
Shares In Asia-Pacific Mixed; Australia Records Higher-Than-Expected Trade Surplus In July
Shares in Asia-Pacific were mixed in Thursday trade as Australia reported a higher-than-expected trade surplus…
Nigeria: NNDC’ll Pay Shareholders Dividend, Says Chairman
The Chairman, Board of Directors of New Nigeria Development Company Limited, Tanimu Yakubu, has said…
Virgin Galactic ‘Could Really Take Off’ If It Breaks Above This Level, Trader Says As Space Stock Gets Analyst Love
Virgin Galactic could be setting up for a sustained move higher. Jefferies initiated coverage of…
Stocks Making The Biggest Moves Midday: Uber, Apple, Wells Fargo And More
Ambarella — Shares of the semiconductor company surged 20% after Ambarella beat expectations on the…
New Law Stokes Tension In Nigeria’s Blighted Oil Delta
Local communities in Nigeria’s Delta Region have spent years waiting for lawsuits against foreign oil…
Dollar Weakens After ADP Miss, Euro Hits Fresh One-Month High
The dollar fell against a basket of major currencies on Wednesday after a report on…
Dangote Refinery Complex In Nigeria Set To Cost $19 Billion
A giant oil refinery complex being built in Nigeria by a company owned by Aliko…
External Reserves Gain $500m In One Week, Near $34bn
Nigeria’s external reserves rose by $500m in one week to the highest point in more…
Uniform Men Extorting Importers At Ports, Says NPA Boss
The Acting Managing Director, Nigeria Port Authority (NPA), Mohammed Bello-Koko, on Tuesday accused Naval personnel…
‘$3.35b SDR To Bring Forex Market Under Control’
EFG Hermes, financial services corporation in frontier emerging markets, says the release of the $3.35…
CBN Announces New Appointments
The Central Bank of Nigeria (CBN) has confirmed the appointment of Mr. Osita Nwanisobi as…
Yuan Edges Down After Weak Factory Activity, Awaits More Cues
China’s yuan softened against the U.S. dollar on Wednesday, after signs of slowdown in factory…
Online Dating Company ParshipMeet Prepares For IPO In 2022
Rivals such as Bumble and Tinder-owner Match Grouping trade at about 50 times their expected…
Nigerian Banks Ask Customers To Return Unutilised Dollars Within 2 Weeks
Nigerian banks have asked customers to return unutilised dollars within two weeks from the day…