Kiwi Dollar, Aussie Jump On Central Bank Talk
The New Zealand and Australian dollar were the biggest gainers among major currencies on Tuesday,…
Category: Market
Oil Falls A Second Day With Delta’s Spread Threatening Demand
Oil fell for a second day as the spread of the delta coronavirus variant, including…
UK Inflation Forecast To Hit 3.9% In Early 2022
UK consumer price inflation has been forecast to hit 3.9% next year, a think tank…
SolarEdge Shares Surge After Quarterly Earnings Top Estimates
Shares of SolarEdge jumped nearly 12% during premarket trading on Tuesday after the company topped…
Stock Investors Reap N30bn As 18 Firms Gain
Equities listed on the Nigerian Exchange Limited gained N30.03bn at the end of trading on…
Anxiety Over Earnings Pushes Indices Up By N327 Billion In July
Anticipation of improved half-year (H1) earnings and accompanied dividend declarations triggered bargain-hunting on the equities…
Crypto Sector Sees Outflows For 4th Week In A Row, CoinShares Data Shows
Cryptocurrency investment products and funds posted outflows for a fourth consecutive week, the bulk of…
SSE Makes $1.7 Bln Scotia Gas Exit In Low-Carbon Push
Britain’s SSE (SSE.L) on Monday agreed to sell its entire 33.3% stake in Scotia Gas Networks (SGN)…
CBN FX Policies Discouraging Foreign Investors—Muda Yusuf
The immediate past director-general (DG) of the Lagos Chamber of Commerce Industry (LCCI), Mr Muda…
ABCON Keeps Mum On CBN’s Sanction
Alhaji Aminu Gwadabe, the President of the Association of Bureaux de Change Operators of Nigeria…
External Reserves Gain $280m In Two Weeks
The country’s external reserves have returned to a growth path with a gain of $280m…
Apapa, Tin Can Ports Independent Marketers Send SOS Over Customs’ Activities
Independent marketers at the Apapa and Tin Can Island seaports in Lagos have sent a…
Canada GDP: Economy Shrank In May But Picked Up In June With Reopening
Statistics Canada says real gross domestic product (GDP) contracted 0.3 per cent in May during lockdowns,…
Russia’s Oil, Condensate Output Rises Amid Higher OPEC+ Quotas
Russia increased oil production in July for the first time in three months, after more…
The Restriction Of Forex To BDC Operators
In a major policy shift, the Central Bank of Nigeria (CBN) last week halted the…
NNPC Continues FAAC Deductions, To Withhold N174.4bn In August
The Nigerian National Petroleum Corporation (NNPC) is continuing its regime of deduction from the federation…
Foreign Investors Exit Takes Toll As Stock Market Decline By N973.2bn In Seven Months
Profit-taking on price appreciation of stocks recorded last year and foreign investors exit Impacted the…
Airtel Money Secures New investment From Qatar’s Sovereign Wealth Fund
Airtel Africa Plc has announced that it has secured a $200m investment for its mobile…
FUGAZ Stocks Investors Lose N50.45 Billion During The Week
The market capitalization of the top five banks, referred to as the Tier-1 banks decreased…
Seven African Exchanges Inch Towards Shared Trading
Cross-border trading is set for a lift as the African Securities Exchanges Association (ASEA) has…
Asian Shares Try To Stabilise, China Growth A Worry
Asian shares were seeking a modicum of stability on Monday as a run of stellar…
France’s Axa Rebounds From Pandemic With A 180% Spike In Net Income
French insurer Axa posted on Monday a 180% surge in net income in the first…
AON’S Looking At Up To $1.4 Bln In Costs Over Scrapped Willis Deal
Insurance broker Aon Plc (AON.N) said on Friday it could have to expend up to $400 million…
HSBC Profit More Than Doubles As Economies Rebound, Loan-Loss Fears Ebb
HSBC Holdings (HSBA.L) on Monday reported forecast-beating first-half pretax profit that more than doubled from a weak…
Federal Government Of Nigeria Cuts Gas-To-Power Price To $2.18/Mmbtu
The Federal Government, on Thursday said it has reviewed downward the price of gas-to-power from $2.50/mmbtu…
NGX Key Indicators Drop Further By 0.79% On Profit-Taking
Trading at the nation’s bourse extended a losing streak on Thursday, with key market indicators…
Investors Bought Chinese Stocks In The Last Week, Despite Regulatory Concerns
Investors bought into Chinese stocks in the last week, despite mounting concerns about harsh regulation,…
Amazon Sales Growth Slows In Tame Start To Jassy’s Tenure As CEO
Amazon.com Inc (AMZN.O) on Thursday said sales growth would slow in the next few quarters as customers…
Robinhood Closes At $34.82 In Grim Stock Market Debut
Robinhood Markets Inc’s shares (HOOD.O) closed more than 8% lower at $34.82 per share on their first…