Dollar Steadies After Weak China Data; Fed Minutes Eyed
The dollar held its ground against major peers on Monday as disappointing monthly activity data from China helped the greenback…
Category: Market
Ranking The Currencies That Could Unseat The Dollar
This is the second installment in a series on global currencies. The first part details the forces eroding the U.S. dollar’s…
BOE’s Inflation Alarm Deemed Overly-Cautious By Economists
Bank of England policy makers are being overly-alarmist on their outlook for inflation, economists’s forecasts suggest, casting doubt on the…
Cardano’s ADA Token Is Now World’s Third-Largest Cryptocurrency
A little-known digital token linked to the Cardano blockchain has just become the third-largest virtual currency in the world as…
China’s Oil Refining Tumbles To 14-Month Low Amid Crackdown
China’s oil refining slumped to the lowest level in 14-months as private processors scaled back operations amid a crackdown by…
Australian Dollar Down On Weak China Data. Is AUD/USD Ready To Break Out?
The risk-off sentiment from early Monday morning in Asia continued after the release of Chinese data that was lower than…
Oil Prices Drop Amid Faltering Demand Outlook In China
Oil prices fell by about 1% on Monday, dropping for a third session, after official data showed that refining throughput…
Is Shell Oil’s $110 Million Payment For Spill A Slap Or Remedy?
Second, The consequence of oil spills and environmental damages are reflected in the wreckage and mangled landscape and tortured lives…
Import Duties Evasion: MDAs, Others Under Fire
Worried by the rising evasion of import duties and tariffs by some Ministries, Departments, and Agencies (MDAs) who collude with…
Nigeria’s Buhari Signs Bill To Overhaul Oil Industry Into Law
Nigerian President Muhammadu Buhari signed into law long-awaited legislation to overhaul the oil and gas industry in Africa’s biggest crude…
Nigerian Stocks Hit 14-Week High Amid Investors’ Wild Scramble For Shares Of Flour Makers
Nigerian stocks jumped 0.08 per cent on Friday, taking the benchmark index to 39,522.34 basis points, a height last reached…
Sterling Slips As Global Markets Turn Cautious
The British pound slipped in early trading on Monday, hurt by a fall in risk appetite globally, after economic data…
Nigeria Recorded $85.21bn Net Foreign Liabilities – IMF
Nigeria’s foreign liabilities stood at $187.36bn while the country’s foreign assets amounted to $102.15bn as of December 2020, the International…
Nigeria’s Inflation Rate Projected To Drop To Single Digit In 2022 – CBN Official
The Central Bank of Nigeria has said that Nigeria’s inflation rate may drop to single digit in 2022. The apex bank’s Director…
Foreign Reserves Resume Decline After Rising To $33.59bn
The foreign exchange reserves in Nigeria have started declining again after rising to $33.59bn, the highest level in more than…
In 5 Days, I&E FX Turnover Jumps 0.5% To $681m
Last week, the total value of transactions recorded at the Investors and Exporters (I&E) window of the foreign exchange (FX)…
Old Mutual’s ULIMI Fund Invests In Malawian Macadamia Producer
ULIMI Fund, a private equity fund managed by Old Mutual Investment Group Malawi, has made an undisclosed amount of investment in…
Securities Dealers To Discuss Market Recovery Strategies
Securities dealers in Nigeria have concluded arrangements to review strategies to reactivate the nation’s economic growth and development at a forum…
Stock Market Investors Gain N371bn In One Week
THE equities listed on the Nigerian Exchange Limited saw its their market capitalisation rise by N370.75bn last week amid bullish…
Thai Baht Gains Among Muted Asian Currencies; S.Korea’s Won Slips
Thailand’s baht edged up among mostly muted Asian currencies on Friday, after a short-lived retreat in the dollar this week…
Virgin Galactic Falls As Billionaire Branson Sells Stake Worth $300 Million
Shares of Virgin Galactic Holdings Inc (SPCE.N) fell nearly 3% on Friday after its founder and British billionaire Richard Branson sold a…
Peloton Is Sued For Improperly Charging Sales Tax
Peloton Interactive Inc (PTON.O) subscribers have filed a proposed class action lawsuit accusing the maker of at-home stationary bicycles of improperly charging…
Strong Disney Earnings Push S&P 500, Dow To New Peaks
The Dow and the S&P 500 opened at record highs on Friday, boosted by Walt Disney and tech-related shares, while…
Banks Take Steps To Reduce Potential Cloud Computing Risks, Google Survey
Banks are taking steps to mitigate risks from their increasing use of external cloud computing services, a survey by Harris…
Analysis: As Fed Shifts Gears, Shaping Consensus Gets Trickier For Powell
In his nearly six years on the Federal Reserve’s board of governors before becoming its chair, Jerome Powell never once…
Italy Gets 25 Billion Euros In First Tranche Of EU Virus Recovery Fund
Italy on Friday received 24.9 billion euros ($29.3 billion), its first tranche of money from the 800 billion euro EU…
Markets No Longer Fear Inflation And Stocks Will Continue To Rally, HSBC says
Markets no longer fear inflation and are now focused on the spread of the delta Covid-19 variant, according to HSBC…
The Securities and Exchange Commission (SEC), African Development Bank (AfDB) Commence Implementation Of Risk-Based Supervision Project
The Securities and Exchange Commission (SEC) and African Development Bank (AfDB) have commenced the implementation of the regulatory capacity improvements…
The Nigerian Exchange Limited(NGX) Sustains Bullish Profile As Index Inches Further By 0.7 Per Cent
The Nigerian Exchange Limited (NGX) sustained rising profile, as more blue-chip stocks appreciated at price, resulting to a further increase…
Asia-Pacific Stocks Mostly Decline; Samsung Shares Fall As Heir Lee Is Released From Prison
South Korean and Taiwanese stocks led losses among major Asia-Pacific markets in Friday trade, with shares of firms related to…