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…
Category: Market
Bank Rate Maintained At 0.1% – August 2021
Monetary Policy Summary, August 2021 The Bank of England’s Monetary Policy Committee (MPC) sets monetary…
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…
Dollar Holds Gains After Hawkish Fed Comments
The dollar held most gains against basket of currencies on Thursday after hawkish comments from…
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…
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…
Futures Rise Head Of Weekly Jobless Claims Data
U.S. stock index futures rose on Thursday ahead of data expected to show fewer Americans…
ByteDance To Close Some Tutoring Ops After Clampdown – Sources
TikTok owner ByteDance told employees on Thursday it planned to lay off staff in its…
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…
Stocks Making The Biggest Moves Premarket: Moderna, Cigna, Penn National, Wayfair and others
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,…
Robinhood Retreats After Monster Rally This Week As Sockholders File To Sell 97.9 Million Shares
Robinhood said on Thursday in an amended filing that existing shareholders will sell up 97.9…
Federal Government Of Nigeria Appoints Eight Transaction Advisers For $6.2bn Eurobonds
Preparatory to the issuance of N2.343 trillion ($6.2 billion) Eurobonds in the International Capital Market…
Markets Are Set For A Correction And Japan Could Be Among The Hardest Hit, Warns Scandinavian Bank
Stock markets are set to see losses ahead, and Japanese stocks could wind up being…
European Markets Inch Higher As Investors Watch Earnings, Bank Of England; Adidas Down 5%
European markets inched cautiously higher on Thursday morningas investors digested more corporate earnings and await…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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 forecast on…
Janet Yellen, United State Treasury secretary Says Enacting Biden’s Agenda Key To Keeping America As ‘World’s Pre-Eminent Economic Power’
Treasury Secretary Janet Yellen will warn Wednesday that enacting President Joe Biden’s economic agenda is critical to…
Indian Shares Hit Record Highs As Investors Focus On Earnings And Interest Rate Decision
Indian shares hit a record high on Wednesday as investors remained upbeat in the middle…
After $75b Investments In 20 Years, Telecoms Service Still Struggling
Twenty years after the Nigerian Communications Commission (NCC) licensed the first two Mobile Network Operators…