Oil Price Firms Before OPEC+ Policy Meeting
Oil prices rose on Wednesday before an OPEC+ meeting at which the producer club is…
Category: Market
Dutch E-bike Maker Van Moof Raises $128 Million To Expand
Dutch electric bicycle maker Van Moof on Wednesday said it has raised $128 million to…
China To Step Up Financing Support For Small Firms
China will boost financing support for small firms by increasing annual relending quotas by 300…
OPEC, Other Meet To Decide On Production Increase
The Organisation of the Petroleum Exporting Countries and its allies will meet on Wednesday (today)…
Asia stocks mixed; private survey shows Chinese factory activity shrinking in August
Shares in Asia-Pacific were mixed on Wednesday, as a private survey showed shrinking Chinese factory…
Stock Futures Rise Following Another Record-Setting Month For The S&P 500
U.S. stock futures were higher in early morning trading on Wednesday after the S&P 500…
European Markets Advance, Looking Past Inflation Data
The pan-European Stoxx 600 gained 0.8% in early trade, with retail stocks climbing 1.5% to lead…
Google Delays Office Return Until January As COVID-19 Worries Linger
Alphabet Inc-owned (GOOGL.O) Google is extending its voluntary return-to-office policy through January next year, CEO Sundar Pichai…
Dollar At 3-Week Lows As Traders Await Tapering Clues
The dollar was trading near three-week lows against a basket of currencies on Tuesday, as…
Gold Prices Edge Back Towards 1-Month Peak As Dollar, Yields Slip
Gold prices rose back towards the previous session’s four-week high on Tuesday, supported by a…
Dollar Crunch Turns Nigerian Banks Into Africa’s Cheapest Stocks
Nigerian banks are some of the cheapest stocks in Africa, more evidence of how a…
Stocks Sit Near Record Highs As Jobs Report Looms
A gauge of global equities headed for its seventh consecutive month of gains on Tuesday,…
Euro Zone Inflation Surges To 10-Year-High, In Headache For ECB
Euro zone inflation surged to a 10-year-high in August with further rises likely, challenging the…
Prosus Doubles Down On India With $4.7 Bln Deal For BillDesk
Prosus NV (PRX.AS) doubled down on its investment in India on Tuesday with a $4.7 billion deal…
Canada’s Economy Posts Surprise Contraction In Q2 Amid Election Campaign
Canada’s economy unexpectedly shrank in the second quarter and likely had far less momentum than…
Digital Currency Gains Traction As Central Bank Of Nigeria Appoints Technical Partner
The Central Bank of Nigeria (CBN) yesterday announced the formal engagement of global fintech company,…
Treasury Yields Dip As Jobs Data Remains In Focus
Treasury yields dipped on Tuesday morning, as investor focus remained on a key jobs report…
Robinhood Shares Tumble After PayPal News, SEC Scrutiny Of Key Revenue Stream
Shares of Robinhood Markets Inc (HOOD.O), a popular gateway for trading meme stocks, tumbled nearly 7%…
Dollar Scarcity Drives Naira Further Down At Black Market
Naira weakened significantly against the U.S. dollar at the black market on Monday, as it touched…
Nigeria: CBN States Transfer Limits As E-Naira Begins Oct 1
The Central Bank of Nigeria has announced the formal engagement of the global Fintech Company,…
CBN Selects Bitt Inc Digital Currency As Technical Partner For Digital Currency Project
The Central Bank of Nigeria (CBN) has engaged Bitt Inc., a global Fintech company, as…
Foreign Portfolio Investments Drop On Forex Crisis
Foreign portfolio investments (FPIs) in Nigeria have dropped to their lowest level in more than…
Banks To Promote Adoption Of ENaira As CBN Mulls October 1 Pilot
Nigerian deposit money banks (DMBs) are set to market and promote the adoption of eNaira…
Slumping Asian Currencies Face More Risk From Slowdown In China
Hong Kong's shopping districts are dotted with money changers advertising their remittance services and conversion…
Emirates Extends Suspension Of Flights From Nigeria Till September 5
Emirates Airlines has extended the suspension of flights from Lagos State and Abuja airports to…
Dangote’s $2bn Petrochemical Plant To Produce 77 Grades Of Polypropylene
Dangote’s $2 billion Petrochemical Plant located in Ibeju-Lekki, Lagos State, is designed to produce 77…
European Markets Trade Higher, Reflecting Buoyant Global Sentiment
European stocks were trading slightly higher on Monday, reflecting broadly positive trade in global markets…
Australian Miner Fortescue’s Shares Soar After Reporting Record Profit
Shares of Australian miner Fortescue soared over 6% on Monday, as the mining giant reported full-year…
Atedo Peterside Doubts Nigeria’s NNPC N287bn Profit, Challenges Corporation
Founder of IBTC Stanbic Bank, Atedo Peterside, has challenged the Nigerian National Petroleum Corporation to…