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…
Category: Market
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…
European Markets Set For Muted Open As Investors Assess Data, Covid
European markets are heading for a cautious open Friday, as investors assessed global economic indicators and rising Covid-19 cases in…
Stock And Forex Trading Regulations In Nigeria
Nigerian trading market: a brief overview Although somewhat similar, it is important to note the difference between stock and Forex trading.…
Fixed Income, FX Markets Sustains Momentum Recording N15.31trn, $10.12bn Turnover In One Month
Investors’ interest in the fixed income and currencies markets has continue to soar as both markets recorded significant increase in…
Wall St Set To Rise As Inflation Growth Slows
Wall Street’s main indexes were set to open slightly higher on Wednesday after data showed that growth in inflation appeared…
Analysis: Peak OPEC? Climate-Focused Production Shift To Pile Pressure On Pact
Moves to mitigate climate change are drawing peak oil demand closer, current and former OPEC officials told Reuters, potentially giving…
Dow Futures Jump 120 Points After Inflation Report Is Not As Bad As Feared
U.S. stock index futures rose on Wednesday after inflation jumped, but not by quite as much as investors feared when…
As Gas Prices Rise, White House Says OPEC Action Is ‘Simply Not Enough,’ Calls For Federal Trade Commission Scrutiny
The White House will call on OPEC and its oil-producing allies to boost production in an effort to combat climbing…
Treasury Yields Climb Ahead Of Consumer Price Index Inflation Data
U.S. Treasury yields climbed on Wednesday morning, ahead of the release of the July consumer price index, a key inflation…
Analysis-Investors Look Under The Radar For Winners From U.S. Infrastructure Bill
Investors are ramping up the search for stocks that could benefit from a potential splurge in infrastructure spending, as a…
Dutch Bank ABN Amro’s Q2 Net Profit Beats As Economy Recovers
Dutch bank ABN Amro reported on Wednesday a better-than-expected net profit of 393 million euros ($460.48 million)for the second quarter,…
Nigeria Experienced Increase In Export Of Manufactured Goods, Employment And Productivity In July – Report
The Stanbic IBTC Bank Nigeria’s Purchasing Manager Index (PMI) report has stated that the export of Nigerian manufactured goods, employment…
Exclusive: Exxon Launches U.S. Shale Gas Sale To Kick-Start Stalled Divestitures
Exxon Mobil Corp (XOM.N) has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to raise…
Stocks Are Little Changed After Democrats Release Budget Proposal
Democrats unveiled their $3.5 trillion budget proposal on Monday, calling for significant spending increases for social programs and climate policy.…
Equities Market Commences Week On Negative Note, Drops By N126.86bn
The Nigerian equities market commenced this week on a bearish note, as investors profit-taking in mid-high capitalised companies down the…
Worry As Insecurity, Uncertainty Trigger N116b Outflow From NGX
…Investors seek initiatives to reverse weak macro-economic scenario With the N116.7b pulled from the nation’s stock market from the month…
China’s Covid Lockdown Could Have Economic Costs To The World, Says Strategist
China has tightened Covid-19 measures to combat an uptick in daily cases — a move that could hold back the…
British Asset Manager Abrdn Reports Surge In Profits
Asset manager abrdn’s (ABDN.L) earnings jumped over 77% in the first half of 2021, its first set of results since a rebranding…
Japan’s SoftBank Reports 39% Fall In Q1 Net Profit
Japan’s SoftBank Group Corp (9984.T) on Tuesday reported a 39% fall in first-quarter net profit, even as Vision Fund returns were boosted…
Dollar Buoyed As Healthy U.S. Jobs Fuel Fed Taper Talk
The dollar was buoyant on Tuesday, pushing the euro to a four-month low, as a run of strong U.S. job…
Ireland Stares Down Major Changes To Its Tax System
As the OECD’s deadline for finalizing major reforms to the global tax system draws near, the Irish government recently opened…
Oil Recovers After Hitting Three-Week Low Amid Surging COVID-19 Cases
Oil prices rose on Tuesday, edging up from a three-week low in the previous session, but gains are likely to…
Treasury Yields Little Changed Ahead Of Inflation Data, Infrastructure Vote
United State Treasury yields were little changed early on Tuesday, as investors digested jobs data and comments from Federal Reserve…
Asian Stocks On Backfoot As Concern Over Delta Variant Saps Confidence
Asian stocks started off on a weak footing on Tuesday after a largely soft performance on Wall Street and as…
Sterling Slips As Currency Markets Weigh Up Tapering Timelines
The pound slipped slightly in early trading on Monday, but was still close to its strongest versus the euro since…
Customs To MDAs: Only Items Imported By President Are Exempted From Taxes
Timi Bomodi, NCS deputy national public relations officer, said this in a statement on Friday. Bomodi said this while raising…