Forex Inflows Drop 17% To $6.6bn.
Aggregate foreign exchange inflows into the economy fell by 17.3 per cent to $6.58bn in April.
The Central Bank…
China Protect Chinese Firms Following U.S. Export Control List.
China's commerce ministry said it will take the measures needed to protect the legitimate rights of Chinese…
FTSE 100 Rebounds On Energy, Earnings Lift.
London's blue-chip stock index bounced off two-week closing lows, as energy stocks received a lift from rising…
Low-Growth, High-Inflation Era Beckons Post-Pandemic America.
On paper, T.J. Semanchin's Wonderstate Coffee business seems more productive than ever; with fewer workers…
German Economy Jumps To 0.1% Growth In Q2.
The German economy grew in the second quarter, propped up by household and government spending and beating analyst…
Naira Depreciates To N692.9/$1 At P2P Forex Market.
Wednesday, 24th August 2022: The exchange rate between the naira and the US dollar closed at N431/$1; at the…
Stanbic IBTC Posts N31 Billion PAT In H1 2022.
Stanbic IBTC Holdings Plc has posted a profit of N31 billion for the first half of the year 2022; a 36% high from…
Hackers Stole $44billion From Cryptocurrencies Since June 2021.
Latest report from Acronis, a global leader in cyber protection, has revealed that cybercriminals are now focusing…
Investors Of Three Top Cement Firms Lose N291 Billion As Sell Pressure Heightens.
Race to sell-offs for portfolio rebalancing ahead of the 2023 elections saw the shares of Dangote Cement Plc,…
Bitcoin Struggles At $21.5K Amid Weak Volatility.
The anticipation of Federal Reserve Chair, Jerome Powell’s upcoming remarks about inflation; and the economy led…
Why Chiliz The Sports-Based Crypto Is Defying The Bearish Market.
The price of Chiliz (CHZ) had increased by around 35% week-to-date (WTD), reaching $0.26 per token. As a result,…
TotalEnergies Shifts Drilling On Egina, Akpo To December.
TotalEnergies has said it will start a major drilling campaign on Egina and Akpo oil fields in December.
With…
Russian Cenbank Says Business Improved In August.
Russia's central bank said on Wednesday that its business climate index remained in the positive range for the…
Ford Cuts 3,000 Jobs As It Pivots To EVs, Software.
Ford Motor Co(F. N) said it will cut a total of 3,000 salaried and contract jobs, mostly in North America and…
Shanta Eyes Sh60 Million West Kenya Gold Licences.
London-listed exploration firm Shanta Gold is eyeing three additional prospecting licences from Canadian miner…
Honda Considering Decoupling Supply Chain From China -Sankei.
Honda Motor Co Ltd (7267. T) is considering building a separate supply chain that would reduce its dependence on…
Major Gulf Bourses Gain On Rising Oil Prices.
Major stock markets in the Gulf rose in early trade, in response to a surge in oil prices in the previous session,…
Nike, Gucci, Others Have Made $260 Million From NFT Sales In 2022.
Leading brands including Nike, Gucci, Dolce & Gabbana, Adidas and Tiffany have amassed a combined $260 million…
Sterling Maintains Stable Value Against Dollar.
Sterling was steady against the dollar holding above a 2-1/2 year low touched a day earlier after data added to…
Analysis: The Rise In Gas Prices Has Caused Inflation Fears For European Markets.
Another dramatic spike in natural gas prices appears to have ended any hopes that Europe's inflation battle is set…
Nigerian Stocks: List Of Dividends Announced In 2022.
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders; as…
Rouble Steadies Near 60 Vs Dollar, Stocks Down.
The rouble eased but still traded near 60 against the dollar as it retained some support from month-end tax…
Global Growth Worries Keep FTSE 100 Lower For Third Day.
UK's blue-chip stock index slipped on Wednesday after a slew of global data highlighted growing risks of a…
Stanbic IBTC Announces Interim Dividend Of N1.50 Per Ordinary Share Of N50k.
Stanbic IBTC Plc has announced an interim dividend of N1.50 per ordinary share of 50 kobo each; subject to…
Zenith Bank Announces Interim Dividend Of N0.30k For Every 50k Share Held By…
Zenith Bank plc has announced an interim dividend of N0.30k for every share of 50k held by shareholders of the…
So That One Dollar Does Not Sell For N1,000 By 2023.
The dollar has risen more than 100% to the naira since 2015 and seems poised to continue value addition against…
South African Rand Weakens Against Strong Dollar.
South Africa's rand was weaker in early trade on Monday, as the dollar hit a new five-week high after more Federal…
Gas Crisis Sends Euro Back Below Parity Against Dollar.
The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows;…
Apple Expands Self-Repair Support To MacBooks.
Apple Inc (AAPL. O) said it would offer customers tools and know-how to repair and service their MacBook…
China To Forgive 23 Interest-Free Loans To 17 African Countries.
China has stated that it will forgive 23 interest-free loans to 17 African countries; and will also provide food…