Stock Market Rebounds As Capitalisation Rises By N15 Billion
As price gains outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited…
Category: Market
Turnover In FMDQ Exchange Drops 56% YoY As Investors Pull N29trn In T-Bills
Investment activities in the Fixed Income and Currencies (FIC) markets suffered a setback to the…
New IMF Allocation’ll Boost Nigeria, Others’ Reserves – AfDB
The President of the African Development Bank, Akinwumi Adesina, has said the International Monetary Fund’s…
Why Fed’s Powell Still Thinks High Inflation Is ‘Temporary’
Federal Reserve Chair Jerome Powell on Friday pushed back against concerns that swiftly rising prices…
CBN Drafts Guidelines To Nigerian Banks On E-Naira
The CBN recently sent a presentation to Nigerian banks about the eNaira project, revealing more…
Diaspora Remittances Hit $34bn As Nigerian Migrant Workers Top List
The Naira4Dollar policy of the Central Bank of Nigeria (CBN) may have begun to yield…
Zero-Commission Fight Reaches Canada As National Bank Ends Fees
The move to commission-free trading that’s swept through U.S. discount brokerages over the past two…
FG Yet To Recover N5.15tn Debt, Says Minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, indicated on Friday that…
Oil Heads For Biggest Weekly Gains In Over A Year Ahead Of Storm Ida
Oil prices rose more than 2% on Friday and were on track for their biggest…
France Ready To Market Nigeria Back Home-Ambassador
The France Ambassador to Nigeria, Jerome Pasquire, has said his country is fully committed to…
Dollar, Euro, Sterling Await Powell’s Jackson Hole Speech
The dollar, euro and sterling steadied on Friday as investors waited for a highly anticipated…
Oil Sector’s Contribution To Nigeria’s GDP In Q2 2021 Wanes
On Thursday, the National Bureau of Statistics (NBS) said Nigeria’s Gross Domestic Product (GDP) grew…
PIA To Strengthen Naira, Reduce Budget Deficit-PwC
PwC Nigeria said the 2021 Petroleum Industry Act (PIA) will facilitate Nigeria’s economic development by…
NNPC Declares N287bn After Tax Profit In 2020 – Buhari
President Muhammadu Buhari on Thursday disclosed that the Nigerian National Petroleum Corporation (NNPC), for the…
Pound Hits Over 1-Week High As Powell Comments Knock Dollar
Britain’s pound jumped half a percent to the dollar to more than a week’s high…
Keeping Monetary Policy Loose Can Help Labor Reallocation -Paper
Global central banks could do well to keep interest rates low for as long as…
Wall Street Rises As Powell Gives No Signal On Taper
Wall Street’s main indexes extended gains on Friday as Federal Reserve Chair Jerome Powell signaled…
Fed is Stoking Another Real Estate Price Bubble That Will Wipe Out Home Equity, Investor Peter Boockvar Warns
Investor Peter Boockvar is sounding the alarm on a housing price bubble brought on by…
Nigeria:Stock Market Rebounds As Capitalisation Rises By N15 Billion
As price gains outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited…
China’s Regulatory Crackdowns Are Already Hurting The Economy
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. China’s campaign to…
World Remit Raises $292m, Rebrands As Zepz
Digital Money Transfer firm, World Remit, now Zeps has has announced that it raised $292…
Oil Steadies After Three-Day Rally With U.S. Stockpiles Falling
Oil steadied after the biggest three-day gain since March with falling U.S. crude and fuel…
NNPC Pegs 2022 Base Oil Price At $57/Barrel
The Nigerian National Petroleum Corporation on Wednesday provided a base crude oil price scenario in…
Nigeria’s Real GDP Grew By 5.01% YoY In Q2 2021 From 0.51% In Q1 2021
Nigeria’s Gross Domestic Product (GDP) grew by 5.01%(year-on-year) in real terms in the second quarter…
Nigeria: Importation Of Petroleum Products Will Soon Be Over
Nigerian National Petroleum Corporation (NNPC), yesterday, assured Nigerians that the importation of petroleum products into…
European Stocks Set To Retreat As Global Markets Subdued Ahead Of Fed Symposium
European shares are set to pull back Thursday, with global markets striking a cautious tone…
China’s After-School Crackdown Wipes Out Many Jobs Overnight
For hundreds of thousands of Chinese people, Beijing’s crackdown on after-school tutoring this summer means…
South Korea Hikes Interest Rates, The First Developed Economy To Do So In Pandemic Erah Korea hikes interest rates, the first developed economy to do so in pandemic era
South Korea’s central bank raised interest rates on Thursday in a decision that was expected as financial…
S&P 500, Nasdaq Notch All-Time Closing Highs Ahead Of Jackson Hole
Wall Street gained ground again on Wednesday, with chipmakers and financials helping to push the…
South Africa Rebases GDP, Revises Economic Growth Figures
South Africa has rebased its gross domestic product (GDP) survey, with the new data showing…