Author: GTI Research
Bulls Reign On The Stock Market, As ASI Rises By 0.14% To Close The Week
39 ViewsNGX The Nigeria Equity Market wind up dealings for the week on a positive note for the third consecutive trading day. The positive outcome was impacted by investors’ buy interest in all major...
World Bank sees crude oil prices rising till June 2022, fuelling inflation
22 ViewsEnergy prices soared in the third quarter of 2021 and are expected to remain elevated in 2022, adding to global inflationary pressures and potentially shifting economic growth to energy-exporting countries from energy-importing ones,...
Hike in Cost of Sales Plunges UPDC Loss to N1.04bn
21 ViewsUPDC Plc continued to sink in losses following its hike in cost of sales and credit loss expenses that eroded profits in its unaudited result and accounts for nine months ended September 30,...
External reserves gain $3.98bn in three weeks, hit $40.76bn
21 ViewsNigeria’s external reserves gained $3.98bn in three weeks, rising above the $40bn mark, according to data obtained from the Central Bank of Nigeria. The CBN data showed that the reserves rose to $40.76bn...
World Bank approves $100m for poor, vulnerable in North East
16 ViewsWorld Bank has announced a $100 million additional credit to assist the poor and the vulnerable in the North East. The affected north east states include, Borno, Yobe, Adamawa, Taraba, Bauchi, and Gombe states....
Asian tech shares jump, China property stocks rally as Evergrande makes payment
16 ViewsTech stocks climbed in Asia on Friday, following U.S. peers higher, while Chinese property stocks rallied following a surprise interest payment by debt-ridden property developer China Evergrande Group. Meanwhile cyclical stocks dragged amid worries that...
China coal prices dive as govt plans intervention to ease power crunch
16 ViewsChina’s thermal coal futures sank about 13% on Friday, extending their losses since Tuesday when Beijing said it would intervene to cool surging prices of the commodity to help electricity producers out of a widespread...
AIRTELAFRI, MTNN and 21 Others Spur Equity Market to Gain N237.13 Billion
58 ViewsNGX The Nigerian Local Bourse today (Thursday) closed transactions on a bullish note, thereby extending the positive sentiment to two consecutive trading sessions, as NGX-ASI grew by 1.10%.The positive performance was driven by...
Multichoice begins appeal on ₦1.8 trillion tax liability Nov 17
24 ViewsThe Tax Appeal Tribunal (TAT) has ruled in favour of MultiChoice Nigeria, stating that the pay television company has fulfilled the conditions required for the hearing of its appeal against the N1.8 trillion...
No reprieve for Naira yet as rate hovers around N570/$1
20 ViewsAs demand for foreign exchange continues to surge ahead of December purchases, there seem to be no respite for the Naira yet against and the US dollar with the Nigerian currency still trading at N570/$1,...
Piracy on Nigerian waters falls by 77%, says NIMASA
17 ViewsThe Nigerian Maritime Administration and Safety Agency has said the country has witnessed its lowest level of piracy since 1994, with piracy dropping by 77 per cent. NIMASA disclosed this in a statement...
Insurance firms put #EndSARS claims at N20bn, probe delays payment
17 ViewsInsured individuals and firms that suffered losses from last year’s public protests against police brutality, popularly known as #EndSARS, have filed for over N20bn claims with insurance companies, it has been learnt. The...
Analysis: China’s silence on yuan’s swift gains keeps markets buzzing
16 ViewsAs China’s yuan climbs rapidly to its strongest levels in six years against the currencies of the country’s trading partners, a notable absence of concern and intervention by the authorities is unnerving investors....
