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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…
Nigeria: Oil And Gas Free Trade Zone Attracts $16.6bn Foreign Investments In 20…
The Oil and Gas Free Trade Zones Authority has attracted the sum of $16.6bn foreign direct investment into the…
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…
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…
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…
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…
Financials led the market in a red-hot rally in August.
The sector gained 5% last month, narrowly edging out…
Virgin Galactic ‘Could Really Take Off’ If It Breaks Above This Level, Trader Says…
Virgin Galactic could be setting up for a sustained move higher.
Jefferies initiated coverage of the space…
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…
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…
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…
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…
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…
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…
Stocks Are Getting A Delta Peak And Growth Slowdown Wrong, Market Bull Jim Paulsen…
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…
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…
Tesla Is Facing A Critical Technical Support Level — And A Break Below Could Mean…
Tesla’s recent declines are taking the stock to treacherous territory, one trader warns.
Shares of the…
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…
Equities Market Declines By N9bn On Profit-Taking In Banking, Oil & Gas…
Trading on the Nigerian equities market yesterday started the week marginally lower, as investors profit-taking in…
Afghanistan Is A ‘Disaster,’ But These Two Market Risks Are Higher On Invesco’s…
There are two risks high on Invesco’s radar, but the Taliban takeover in Afghanistan isn’t one of them.…
Cardano’s ADA Token Is Now World’s Third-Largest Cryptocurrency
A little-known digital token linked to the Cardano blockchain has just become the third-largest virtual currency in…
Nigeria Recorded $85.21bn Net Foreign Liabilities – IMF
Nigeria’s foreign liabilities stood at $187.36bn while the country’s foreign assets amounted to $102.15bn as of…
Nigeria’s Inflation Rate Projected To Drop To Single Digit In 2022 – CBN Official
The Central Bank of Nigeria has said that Nigeria’s inflation rate may drop to single digit in 2022.
The apex…
This Group Of Stocks Is On The Cusp Of Another Breakout, Oppenheimer Says
Momentum stocks have picked up speed to begin the week.
The MTUM ETF, which holds stocks such as Alphabet and…
Bitcoin Hits 3-Month High Above $45,000
Bitcoin gathered steam on Monday afternoon in London, heading above the $45,000 mark for the first time since…
Investors Stake N8.2 Billion On Equities In Five Trading Days
At the end of last week’s transactions, a turnover of 989.6 million shares worth N8.2 billion was recorded in 9,617…
Nigeria’s Foreign Reserve Rises By $79.1 Million In July 2021
Nigeria’s foreign reserve closed the month of July 2021 at $33.4 billion, appreciating marginally by $79.1 million…