‘Lack Of Converted Gas Vehicles Might Undermine NGEP’
Without an active conversion industry for vehicles and other machinery, the core mandate of the Nigerian Gas Expansion Programme (NGEP)…
Category: Market
Oil Up, But Set For Weekly Decline As COVID-19 Continues To Restrict Fuel Demand
Oil was up Friday morning in Asia, climbing up from three-month lows. However, the black liquid was set for a weekly…
US Dollar Surrenders Gains Despite FOMC Minutes Taper Talk
EUR/USD rebounds and USD/JPY pivots lower. This follows the release of FOMC minutes just now, which seems to have disappointed Fed hawks. The…
Canadian Dollar Slumps To 6-Month Low As Risk Aversion Climbs
The Canadian dollar fell on Thursday for a fourth day against its broadly stronger U.S. counterpart, as investors worried that…
Hong Kong Bourse to Start Offering China A Share Index Futures
Hong Kong’s exchange was cleared to start offering long awaited A share index futures contracts, giving global investors a new…
Chinese Regulators Meet With Developer Evergrande As Scrutiny On Real Estate Grows
Chinese authorities called for indebted property giant Evergrande to resolve its debt risks during a rare meeting with executives Thursday.…
Stock Market Hits Four-Month High, Investors Gain N65billion
Equity investors in the Nigerian Exchange Limited gained N64.93bn on Thursday as the NGX All-Share Index rose by 0.32 per…
Explainer: Binance: The Crypto Giant Facing Pressure From Regulators
Financial regulators across the world have targeted major cryptocurrency exchange Binance. Some have banned the platform from certain activities, while…
SoftBank Sells 11.4 Million Shares Of DoorDash – Source
SoftBank Group Corp (9984.T) sold 11.4 million shares of food delivery company DoorDash Inc (DASH.N), marketed via Goldman Sachs Group Inc (GS.N), a source…
UAE Bars Nigeria, S’Africa, Others From Visa-On-Arrival List
The United Arab Emirates (UAE) has approved visa-on-arrival for passport holders from 70 countries except Nigeria, South Africa, Ghana and…
Euro’s Rapid Decline Puts ‘Line In The Sand’ In Sight For Bulls
The euro is on the cusp of breaking new lows against major global peers, weighed down by the prospect of…
Digital Yuan Gives Banks An Edge In Payments, Moody’s Says
China’s digital yuan will help banks become more competitive in the payments sector after steadily losing out to popular technology…
Fed Minutes Lift Dollar To A 9-Month High As Stock Mkts Swoon
The dollar index, which measures the U.S. currency’s performance against six rivals, extended gains in early London trading to rise…
Pound Plumbs Month’s Low As Stock Rout Hits Risk Currencies
Sterling hit its lowest in a month against the dollar on Thursday as a pull-back in global stock markets saw…
China’s Yuan Eases, But Basket Index Rises To 5-1/2-Year High
The Chinese yuan eased to a three-week low against a firmer dollar on Thursday, while its value against the currencies…
Gold Falls As Fed Minutes Boost U.S. Dollar
Gold prices fell on Thursday, as dollar strengthened after U.S. Federal Reserve’s policy meeting minutes showed that its officials were…
Goldman Sachs Economists Cut Q3 Growth Forecast For U.S.
Goldman Sachs economists lowered their tracking estimate of U.S. economic growth in the third quarter to 5.5% from 9% due…
Stocks, Bond Yields Down As Growth And Taper Fears Haunt Markets
Concerns about slowing global growth, coupled with signals from the Federal Reserve it was preparing to cut back its stimulus…
Wall Street Drops As Taper Fears, Commodity Losses Weigh
Wall Street indexes fell on Thursday on concerns the Federal Reserve could begin to rein in its massive monetary stimulus,…
Jobless Claims Hit New Pandemic-era Low In A Sign Of Hope For The Employment Picture
First-time filings for unemployment insurance hit a new pandemic-era low last week, a sign that the jobs market is improving…
Dow Futures Drop 200 Points, Commodities Retreat On Concern About The Fed’s Move To Remove Stimulus
Stock futures were sharply lower on Thursday as concern grew that the Federal Reserve’s move to remove stimulus this year…
Treasury Yields Fall Despite Fed Taper Talk
U.S. Treasury yields fell on Thursday morning, despite the Federal Reserve’s latest policy meeting minutes showing that the central bank…
Stocks, Oil Sink On Growth Worries; Dollar Gains: Markets Wrap
Asian stocks fell to the lowest this year, crude oil sank and the dollar rallied on a weakening global growth…
Facebook Is Ready To Launch Digital Wallet
Facebook is prepared to launch the Novi digital wallet tied to Diem blockchain-based payment system, said the head of the…
Hard Lesson For United State Investors: Chinese Companies Don’t Make The Rules In China
American investors’ shock at an ongoing regulatory crackdown in China points to a fundamental difference between the two countries that…
Crude Sinks To Three-Month Low As Fuel Demand Wanes
Crude in New York dropped to the lowest since May after a surprise increase in U.S. gasoline inventories signaled fuel…
Exchange Rate Used For Purchasing Stocks Via Fintech Apps Falls To N522/$1
The exchange rate for converting naira to dollar using FinTech apps nosedived to N522/$1 according to data collated from the…
Canadian Inflation Jumps To 3.7%, Creating Trouble For Trudeau
Canadian inflation accelerated to match its highest reading in almost two decades, threatening to become a political headache for Prime…
Fed Govt Offers N150b Long-Term Bonds
The Federal Government will today auction medium-to long-term bonds valued at N150 billion as part of government’s efforts to access…
Sterling Hovers Near Recent Lows, Unmoved By Inflation Slowdown
Sterling hovered near a 3-1/2-week low on Wednesday after UK inflation data showed a sharper slowdown than expected. The pound…