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Asian Shares Fall As Delta Variant Casts Shadow Over Growth
Asian shares failed to catch a firm lead from a bumper Wall Street session on Friday as the spread of the Delta…
The New Forex Ban And Its Short Term Market Reaction
The CBN in a twist of events has discontinued its forex sale to BDCs with immediate effect. This…
Nigeria’s Financial System Sound, Stable, Resilient – CBN Governor
The Central Bank of Nigeria, CBN, has revealed that it has so far recovered 89.2 billion nairas of customer’s money…
Bank Rate Maintained At 0.1% – August 2021
Monetary Policy Summary, August 2021
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to…
Yuan Inches Up, Market Awaits Policy Guidance At Home And Abroad
China's yuan inched up against
the dollar on Thursday, although trade was thin as market
participants awaited…
Dollar Holds Gains After Hawkish Fed Comments
The dollar held most gains against basket of currencies on Thursday after hawkish comments from the U.S. Federal…
Merits In CBN Stoppage Sales Of Forex To BDCs
The latest Central Bank of Nigeria’s (CBN) decision to stop the sale of forex to Bureau De Change (BDC) operators…
Biden To Aim For 50% EVs By 2030 With Industry Support
U.S. President Joe Biden will sign an executive order on Thursday aimed at making half of all new vehicles sold in…
Futures Rise Head Of Weekly Jobless Claims Data
U.S. stock index futures rose on Thursday ahead of data expected to show fewer Americans filed for unemployment…
ByteDance To Close Some Tutoring Ops After Clampdown – Sources
TikTok owner ByteDance told employees on Thursday it planned to lay off staff in its education business and close…
Tesla Chair Denholm Sells Shares Worth More Than $22 Mln
Tesla Inc (TSLA.O) chair Robyn Denholm sold more than $22 million worth of shares in the electric-car maker after…
Stocks Making The Biggest Moves Premarket: Moderna, Cigna, Penn National, Wayfair…
Moderna (MRNA) – Moderna shares fell 2.4% in the premarket, despite reporting better-than-expected earnings and…
Sterling Steady Above $1.39 Before Bank Of England Meeting
Sterling steadied around $1.39 against the dollar on Wednesday, buoyed by risk sentiment in markets, optimism over…
Robinhood Retreats After Monster Rally This Week As Sockholders File To Sell 97.9…
Robinhood said on Thursday in an amended filing that existing shareholders will sell up 97.9 million shares over…
Federal Government Of Nigeria Appoints Eight Transaction Advisers For $6.2bn…
Preparatory to the issuance of N2.343 trillion ($6.2 billion) Eurobonds in the International Capital Market (ICM)…
Markets Are Set For A Correction And Japan Could Be Among The Hardest Hit, Warns…
Stock markets are set to see losses ahead, and Japanese stocks could wind up being the hardest hit, warns SEB’s…
European Markets Inch Higher As Investors Watch Earnings, Bank Of England; Adidas…
European markets inched cautiously higher on Thursday morningas investors digested more corporate earnings and…
Adidas Raises Outlook Despite Falling Sales In China As Boycott There Continues
Adidas has increased its outlook for the year, despite a drop in sales in China where some consumers have boycotted…
JPMorgan Blames Turkey’s Volatile Lira For Investor Misgivings
The lira’s best month this year may only serve to highlight the volatility that still haunts Turkish assets.
For…
Oritsejafor: Domestic Investors Will Continue To Dominate Equities Market
Managing/Chief Executive Officer of United Capital Securities Limited, Mr. Bawo Oritsejafor in this interview with…
Yen Libor Death Knell Sounds As Traders Close In On Replacement
The hunt for a benchmark to replace yen Libor is gaining ground, with Japan’s traders leaning toward the Tokyo…
Zainab Ahmed: Nigeria Imported 400,000 Vehicles In 5 Years
Ahmed said this during a sensitisation programme on the national vehicle registry (VREG) platform in Kano on…
Cargo Haulage Cost Falls By 70% In 1 Month Over Low Import
The cost of cargo haulage from the Lagos ports has dropped by about 70 percent in the last one months, importers…
CBN Sets N1m As Application Fee For Payment Service Holding Company Licence
Musa Jimoh, CBN’s director of payments system management department, announced this in a circular on Tuesday.…
BDC’s Damage To Nigeria’s Economy Colossal – Finance Expert
International finance expert and CEO, FB Services Group, Canada Dr. Akin Oladeji John Brown has decried what he…
Wall Street Set To Pull Back After S&P Hits Record High
Wall Street's main indexes were set to open lower on Wednesday following a record close for the S&P 500, while…
Factbox: China’s Key Commodities Targeted By Beijing’s Recent Measures
As a key producer, importer and consumer of most of the world's major commodities, China is uniquely sensitive to…
Tyson Foods, Microsoft Mandate Vaccinations, U.S. Automakers Mask Up
Tyson Foods Inc (TSN.N), Microsoft Corp (MSFT.O) and Detroit's Big Three automakers joined a growing list of U.S.…
Toyota, Honda Beat Profit Estimates But Warn Of Extended Chip Crunch
Toyota Motor Corp (7203.T) posted record quarterly earnings and Honda Motor Co (7267.T) raised its annual profit…
Janet Yellen, United State Treasury secretary Says Enacting Biden’s Agenda Key To…
Treasury Secretary Janet Yellen will warn Wednesday that enacting President Joe Biden’s economic agenda is…