Stock Market Experiencing Gradual Slow Down
The land mines for the markets are becoming more numerous. Seasonal weakness is combining with continuing uncertainty over the impact…
Category: Trade
Naira Depreciates Further In The parallel market; Exchanges At N557 To $1
Naira depreciates as the exchange rate at the parallel market depreciated again to another all-time low on Tuesday to close…
Nigeria’s Inflation slides For Five Consecutive Month
The Consumer Price Index which measures inflation rate fell to 17.01 per cent in August, the National Bureau of Statistics…
Intra-African Trade Slows, Raises Concern For Stakeholders
Stakeholders have highlighted the underlying issues hampering the growth of intra-African trade despite the ratification of the African Continental Free…
Oil Rallies To $73 On Tight U.S. Supplies
Oil rose to around $73 a barrel on Friday, supported by growing signs of supply tightness in the United States…
Oil Bounce, Futures Push Upwards After Biden-Xi Call
U.S. stock index futures rose on Friday, as signs of an easing in tensions between the United States and China…
Nigeria: Investors Wealth Continues To Dip
Following sustained sell-off in the shares of most highly capitalised stocks, the Nigeria Exchange Limited (NGX), extended losses to three…
Stock Futures Open Slightly Higher After Dow Slips Following August Jobs
U.S. stock futures opened slightly higher Monday night after the Dow slipped from a record high on Friday before the…
United Oil & Gas Signs Binding Deal To Sell North Sea Assets
United Oil & Gas PLC (AIM:UOG, FRA:1UO) is advancing its deal to sell its North Sea licences, signing a binding agreement…
Nigeria: Investors Lose N4.23bn As Consumer Goods Stocks Decline
The equities market of the Nigerian Exchange Limited declined by N4.23bn at the end of trading on Monday amid selloffs…
Nigeria: Oil And Gas Free Trade Zone Attracts $16.6bn Foreign Investments In 20 Years
The Oil and Gas Free Trade Zones Authority has attracted the sum of $16.6bn foreign direct investment into the economy…
Stock Market Sheds N117bn As Investors Take Profits
The equities listed on the Nigerian Exchange Limited shed N117.03bn last week, with analysts attributing the market downturn to profit-taking…
Match Shares Soar On News It Will Join S&P 500
Shares of Match Group rose more than 8% after hours, following news that the company is joining the S&P 500.…
Africa’s Cross-Border Trade is Worth $93b – Osinbajo
The Vice President, Professor Yemi Osinbajo, has estimated the value of informal trade in the African Continent to be in…
Chevron Braces For Activist Challenge; Meets Engine No.1 Representatives- WSJ
Chevron Corp (CVX.N) is preparing to defend itself against a potential activist challenge and met with representatives of the pro-environment fund which…
President Xi Says China To Set Up Stock Exchange In Beijing
China’s President Xi Jinping on Thursday (Sept 2) said the country would set up a stock exchange in its capital,…
Financials Took S&P 500 Leadership In August, And Traders See Continued Strength In Two Stocks
Financials led the market in a red-hot rally in August. The sector gained 5% last month, narrowly edging out communications…
Virgin Galactic ‘Could Really Take Off’ If It Breaks Above This Level, Trader Says As Space Stock Gets Analyst Love
Virgin Galactic could be setting up for a sustained move higher. Jefferies initiated coverage of the space travel stock with…
Slumping Asian Currencies Face More Risk From Slowdown In China
Hong Kong’s shopping districts are dotted with money changers advertising their remittance services and conversion rates. There are 1,891 licensed money operators in the city, Hong Kong customs data show.
Africa Lacks Production Capacity To Meet Local Demand For Oil Palm
The Secretary, National Action Committee on Africa Continental Free Trade Agreement (AfCFTA), Mr. Francis Anatogu has stated that Africa lacks…
Nigeria: ICT Sector Contributes N5.5tn To GDP In Six Months
The Information, Communication and Technology sector contributed N5.5tn to real Gross Domestic Product in the first half of 2021. This…
Atedo Peterside Doubts Nigeria’s NNPC N287bn Profit, Challenges Corporation
Founder of IBTC Stanbic Bank, Atedo Peterside, has challenged the Nigerian National Petroleum Corporation to clarify allegations that it dipped…
The U.S. Is Reviewing Its Trade Policy With China
Seven months since U.S. President Joe Biden took office, his administration has yet to establish a trade policy with China. U.S. Trade…
Retail Trading Apps In Nigeria Face A Defining Moment
There are four startups that allow Nigerians to invest in shares of public companies on US exchanges. But unlike Trove,…
Stocks Are Getting A Delta Peak And Growth Slowdown Wrong, Market Bull Jim Paulsen Says
There may be a new reason to follow the smart money. According to The Leuthold Group’s Jim Paulsen, the stock…
Shareholders Disagree With SEC Over N170bn Unclaimed Dividend
Shareholders of quoted companies in the country have disagreed with Securities and Exchange Commission (SEC) on the use of the…
Stocks Drop, But One Seasonal Stock Could Weather A Fall Downturn
Travel stocks have taken a hit this week as fears over the delta variant grow. As of Thursday’s close, hotel…
Market Bull Sees New Highs Ahead, Says Don’t Bet Against United State Consumers
John Stoltzfus encouraged investors to remain optimistic despite this week’s wild market swings. The Wall Street bull, who serves as…
Tesla Is Facing A Critical Technical Support Level — And A Break Below Could Mean ‘Bulls Are No Longer In Charge,’ Trader Warns
Tesla’s recent declines are taking the stock to treacherous territory, one trader warns. Shares of the electric vehicle manufacturer fell nearly…
Bill Ackman SPAC Sued , Plaintiffs Say Sponsors Got ‘Staggering Compensation’
Bill Ackman’s troubled SPAC was hit with a lawsuit Tuesday that alleged the blank-check company awarded “staggering compensation” to its…