Naira Sinks To 530 Against Dollar, Pound Hits N720
The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid…
European Stocks Muted As Markets Monitor Key Economic Data
European markets were fractionally lower on Friday morning as investors awaited key economic indicators out of the…
China’s Stock Trading Volume Surges Above 1 Trillion Yuan For Weeks As Other…
Chinese investors are turning to the local stock market as once-lucrative options like real estate and…
China’s Tech Giants Pour Billions Into Xi’s Vision Of ‘Common
Alibaba will invest 100 billion yuan ($15.5 billion) over the next few years into “common prosperity”…
Northern Nigerian States Limit Residents’ Movements Over Attacks
Four northern Nigerian states introduced restrictions on movement to curb attacks that have disrupted economic…
Oil Drops After OPEC+ Alliance Agrees To Return More Barrels
Oil declined after OPEC+ stuck with a plan to boost crude production, with the cartel wagering that the global…
Nigeria’s Eurobonds Debts Rise By $9.37bn In Five Years
Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of…
Central Bank Digital Currencies To Be Tested In BIS Experiment
The Bank for International Settlements will test the use of central bank digital currencies with Australia,…
Emerging Markets-Peso, Baht Lead Asia FX Declines, Indian Rupee Gains Ahead Of…
Asian currencies were largely mixed on
Thursday, with the Philippine peso and the Thai baht leading
declines as…
Remittances: Senate Accuses NNPC, CBN, Others Of Underpayment
The Senate on Wednesday accused Government Owned Enterprises of worsening the current dwindling revenues in the…
Sterling Driven Higher By Dollar Weakness, Still Stuck Below $1.38
Sterling edged higher on Thursday, driven by dollar weakness after disappointing U.S. labour data, while traders…
Foreign Investors Renewing Confidence In Economy, Says Adebayo
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo yesterday said the economy was coming back…
Naira Trades At N528/$1 In Streets Despite Oil Price Uptick Ahead OPEC+ Meeting
The Nigerian Naira has slumped to an all-time low of N528 to the dollar in street trading as pressure continues to…
OPEC+ Sticks With Planned Supply Hike As Oil Demand Improves
OPEC and its allies agreed to stick to their existing plan for gradual monthly oil-production increases after a…
France Fines U.S. Bank JP Morgan $29.6 Mln In Tax Fraud Settlement
U.S. bank JP Morgan has agreed to a 25 million euros ($29.6 million) fine in a settlement of a tax fraud case,…
U.S. Weekly Jobless Claims Fall; Layoffs At 24-Year Low
The number of Americans filing new claims for jobless benefits fell last week, while layoffs dropped to their…
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,…
WhatsApp faces $267M Fine For Breaching Europe’s GDPR
It’s been a long time coming but Facebook is finally feeling some heat from Europe’s much trumpeted data protection…
South Africa:Telkom’s Openserve Unit to Terminate DSL Services From 1 October
Telkom South Africa’s Openserve wholesale unit has informed its ISP partners of its plan to cease offering…
Nigerian Communications Commission (NCC) To Hold Public Inquiries On Three Draft…
The Nigerian Communications Commission (NCC) will hold a public inquiry on three draft regulations and…
Central Bank Of Nigeria Clarifies Reports of Non-Remittance of 80% surpluses into…
The Central Bank of Nigeria (CBN) has denied allegations that it failed to remit 80 per cent of its operational…
Banning Fossil Fuel Investments Will Hurt Nigeria
The Vice-President, Prof. Yemi Osinbajo, has said the banning or restriction by a growing number of wealthy nations…
NAICOM Stops Manual Processes For Insurance Companies
The National Insurance Commission has issued a directive to transit from manual to online processing and all…
China Bans Reality Talent Shows
China banned reality talent programmes Thursday and ordered broadcasters to promote more masculine representations…
Nigeria’s Eurobonds Debts Rise By $9.37bn In Five Years
Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of…
Stock Futures Are Muted as September Gets Off To a Slow Start
U.S. stock futures were little changed early Thursday morning after the S&P 500 finished the first trading…
Nio And Xpeng Deliveries Fall in August As Chip Shortage Hits China’s Electric…
Nio and Xpeng deliveries dropped in August as the chip shortage and supply chain constraints hit the Chinese…
European Markets Lackluster As Markets Gear Up For U.S. Jobs Data; Swedish Orphan…
European stocks edged higher on Thursday morning as investors geared up for the next reading of U.S. nonfarm…
European Central Bank To Announce Tapering In December, Analysts Say
The European Central Bank will announce the reduction of its Covid-related stimulus in December, four analysts…
S&P 500 Closes Flat On First Day Of September, Nasdaq Ekes Out A Record Close
The S&P 500 closed the first trading day of September near the flatline as the strength in technology shares…