Asian Stocks On Backfoot As Concern Over Delta Variant Saps Confidence
Asian stocks started off on a weak footing on Tuesday after a largely soft performance on Wall Street and as…
Fed Officials Say Tapering Is Near, Advancing Discussion On Rate Hike
Two Federal Reserve officials said on Monday that the U.S. economy is growing rapidly and that while the labor…
Sterling Slips As Currency Markets Weigh Up Tapering Timelines
The pound slipped slightly in early trading on Monday, but was still close to its strongest versus the euro since…
Debt Servicing Consuming Nigeria’s Revenues, Says LCCI
The Lagos Chamber of Commerce and Industry has advised the Federal and State Governments to liberalise…
Customs To MDAs: Only Items Imported By President Are Exempted From Taxes
Timi Bomodi, NCS deputy national public relations officer, said this in a statement on Friday.
Bomodi said this…
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…
Nigeria Still Imports Dirty Fuel Four Years After Ban
Nigeria is still importing petroleum products with high sulphur content as the ban imposed on the importation of…
CBN Charges Bank Customers On Their Rights, Privileges
The Central Bank of Nigeria (CBN) has charged customers of commercial banks to know their rights and…
NEPZA, Delta Move To Revive Koko Port FTZ
The Nigeria Export Processing Zones Authority on Sunday disclosed that discussions were ongoing with the Delta…
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…
NIPOST Alleges Shady Deals In Capital Market, Raids Firm Over N15m Illegal…
The Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST), at the weekend,…
Stocks Making The Biggest Moves In The Premarket: Sanderson Farms, U.S. Foods,…
Sanderson Farms (SAFM) – The poultry producer agreed to be acquired for about $4.5 billion, or $203 per share, by…
Deliveroo Shares Rise After German Rival Takes Stake In The Business
Shares of food delivery firm Deliveroo climbed over 10% Monday after the company announced larger German rival…
Treasury Yields Start The Week Higher With Job Openings And Inflation Data In…
Treasury yields rose early on Monday, with investors focusing on job openings data set to come out later in the…
Helios Fairfax Taps Ujiri As Non-Executive Director
Helios Fairfax Partners Corporation (“Helios Fairfax”) (TSX:HFPC.U) announces that it has appointed Masai Ujiri as…
Oikocredit Provides Loan To Malian Mango Processor
Social impact investor Oikocredit provided a loan of € 1.6 million to Comafruits, a fruit processing company in…
Kenya Wapi Pay Secures $2.2m Pre-Seed Round To Ease Payments Between Africa And…
Investors that took part in the round include MSA Capital, EchoVC, Kepple Africa, Future Hub, Transsion Holdings…
Naspers Foundry Makes Second Insuretech Deal In Two Weeks
Naspers has been making news headlines in the past few weeks, with Naspers’ subsidiary Prosus coming under pressure…
Kuda Valued At $500 Million After Quick Series B
The Nigerian fintech company, Kuda, announced Monday it has closed a $55 million Series B funding co-led by Valar…
African Utilities Group Eranove Gains New Key Shareholder
Africa-focused public utilities manager Eranove Group has a new key shareholder after a $200 million investment by…
Asia-Pacific Markets Advance, With Hong Kong Shares Up Almost 1%
Asia-Pacific markets traded mostly higher on Monday, with indexes in Australia, Hong Kong and the Chinese mainland…
Stock Futures Are Flat After Dow Closes At Record Friday
Stock futures were flat in overnight trading Sunday after the Dow Jones Industrial Average notched a record close…
Southeast Asia’s Tech Start-Ups Could be valued at $1 trillion By 2025,…
Southeast Asia’s technology start-ups had a combined valuation of $340 billion last year and that figure may jump…
European Markets Set To Start The Week On A Negative Note
European stocks are expected to open in negative territory on Monday, bucking more positive sentiment overnight in…
Dollar Hits Four-Month High On Euro As Markets Bet On Earlier Fed Taper
The dollar climbed against major peers on Monday, reaching a four-month high versus the euro, as traders positioned…
Capitalism Alone Won’t Deliver Herd Immunity
Get the shot or stay away: That’s what U.S. companies from United Airlines (UAL.O) to BlackRock (BLK.N) are telling…
Exxon Suspended From Climate Advocacy Group It Helped Form
Exxon Mobil Corp (XOM.N) was suspended from advocacy group Climate Leadership Council (CLC) that looks to make…
Oil Slides On China COVID-19 Curbs, Strengthening U.S. Dollar
Oil prices fell nearly 2% on Monday, extending last week's steep losses on the back of a rising U.S. dollar and…
Ritchie Bros To Buy Euro Auctions For $1 Bln
Asset management company Ritchie Bros (RBA.TO) said on Sunday it would acquire plant and machinery auction house…