Rising Transportation,Shelter And Food Price Push Canada Inflation Up By 4.4%
Canada’s annual inflation rate accelerated to an 18-year-high in September, driven by rising transportation, shelter and food prices, data showed…
Category: Trade
Bitcoin Hit $64,241 After ETF Listing
The price of Bitcoin surged, near the all-time high after ProShares Bitcoin Strategy ETF, the first bitcoin-linked exchange-traded fund (ETF)…
European Market Trading Week Start On A Dull Movement
European stocks pulled back on Monday as global markets geared up for more big earnings reports. The pan-European Stoxx 600…
Australian Shares Snapped Three Straight Sessions Of Losses
Australian shares snapped three straight sessions of losses on Thursday, helped by tech stocks and a near 5% jump by…
Despite Forex Scarcity Fuel Imports Consumed $690 Million In Eight Month
As Nigeria’s refineries continue to sit idle, fuel imports remain a major user of foreign exchange as $690.19m (about N285.95bn,…
European Market Experienced Change After A Wavy Week
The pan-European Stoxx 600 hovered around the flatline in early trade, with travel and leisure stocks shedding 1.1% while basic…
U.S. Oil Benchmark Crossed $80 Per Barrel First Time Since 2014
West Texas Intermediate crude futures, the U.S. oil benchmark, crossed $80 per barrel on Friday for the first time since…
China Forex Reserves Fall To Lowest Since April
China’s foreign exchange reserves fell almost 1% in September from the previous month, official data showed on Thursday, hitting their…
Nigeria Manufactured Import Exceed Export By 4.3 Trillion
The value of manufactured goods imported into the country exceeded exports by N4.37tn in the second quarter of 2021, according…
Bank for International Settlements Says Digital Currencies Will Reduce The Cost Of Cross-Border Payment
The Bank for International Settlements has said digital currencies will reduce the cost of cross-border payments. BIS said this in…
Pan-African Payment and Settlement System Set To Boost Intra-African Trade
African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat have announced the commencement of the Pan-African…
Uphold Quality Standards:Standard Organisation Of Nigeria
The Standard Organisation of Nigeria has asked electrical dealers to uphold the quality standards for them to benefit from the…
African Legal Support Facility Celebrates Achievements As It Begins New 14-Year Mandate
The African Legal Support Facility, which is an initiative created to help governments avert losses from business deals, saved African…
Brent Oil Futures Close At It Highest Level Since October 2018
The price of crude oil was up in London on Friday morning, climbing for a fourth day amid tighter supplies…
Chinese Estate Share Soared High After China Evergrande Group Announcement
Hong Kong-listed shares of investment holding firm Chinese Estates surged on Thursday after the firm announced plans to potentially dispose…
Chinese Glassmaker Raise $100 Million To Fund International Expansion And Development
Chinese augmented reality (AR) glasses maker Nreal has raised $100 million to fund international expansion and develop new products. Augmented…
Nigeria Exchange Market Close Negatively Amidst Sell-Offs
At the end of today’s trading session, the Nigerian Exchange market closed negative amidst sell-offs and buy-interests as the benchmark…
Housing Market Experience It’s First Increase In Three Month
Homebuilders in the single-family construction market are feeling better, as lumber prices are way down from sky-high levels and buyer…
Dollar Exchange At Different Rates In Lagos And Abuja
The dollar rose to between N572 and N575 in different parts of the country on Monday barely two days after…
Nigeria’s VAT Conundrum: What States Generated And Received In The Last 8 Months
As the Value Added Tax (VAT) war rages, Saturday Vanguard obtained details of collections made by each state and what…
Nigeria: Department of Petroleum Resources Set Additional Revenue Target Of N5 Trillion
At a period when most Ministries Departments and Agencies(MDAs) are struggling to met their 2021 revenue budget, the Department of…