Equities Market Declines By N9bn On Profit-Taking In Banking, Oil & Gas Stocks
Trading on the Nigerian equities market yesterday started the week marginally lower, as investors profit-taking in Banking and Oil &…
Category: Trade
Afghanistan Is A ‘Disaster,’ But These Two Market Risks Are Higher On Invesco’s Radar
There are two risks high on Invesco’s radar, but the Taliban takeover in Afghanistan isn’t one of them. Kristina Hooper,…
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 the world as…
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 December 2020, the International…
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 bank’s Director…
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 mid-May. Both…
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 compared to $33.32…
Oil Settles Lower In Volatile Trade On Worries About Delta Variant
Oil settled lower on Tuesday, as concern about rising cases of the Delta coronavirus variant outweighed expectations for another weekly…
Mixed Reactions Trail CBN’s Hammer On Forex Sales To BDCs
The Central Bank of Nigeria’s (CBN) decision to stop forex sales to Bureau De Change (BDC) operators has continued to…
Stock Market Dips by 0.3 Per Cent
Trading in the shares of Transnational Corporation of Nigeria, Oando and Fidelity Bank Plc dominated in volume terms at the…
BUA Cement Posts N21.03 Billion Profit After Tax For Q2 2021
Bua Cement Plc has released its financial statement for the second quarter ending June 30, 2021, which revealed the company…
Seven African Exchanges Inch Towards Shared Trading
Cross-border trading is set for a lift as the African Securities Exchanges Association (ASEA) has signed a contract to roll…
China Lifts Yuan Midpoint By The Most Since January
China’s central bank lifted its yuan midpoint to a one-month high on Friday to reflect a bounce in the spot…
Forex Sale: ABCON To Identify Erring Members For Sanction
Bureau De Change (BDC) operators that violated Central Bank of Nigeria (CBN’s) guidelines on foreign exchange (forex) sales will be…
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 nosediving by 0.79 per cent…
Nigerian Manufacturers Battling Stunted Growth Blame Forex Scarcity
The manufacturing sector has seen woeful growth in the last five years, and a key problem is businesses can’t find…
Coffee Prices Surge As Unusual Cold Threatens Brazilian Production
Arabica coffee prices rose 10% more on Monday, after jumping nearly 20% last week, to their highest in nearly…
China Is Still Falling Short Of Meeting An Agreement To Reduce Its United State Trade Surplus
China’s purchases of U.S. goods are still falling short of trade agreement levels, even as overall Chinese imports from the…