Author: GTI Research
Equity market extends negative sentiment amid price decline on bellwether stocks
50 ViewsLocal Bourse today (Friday) closed the trading week on a negative note to extend the bearish run to two consecutive days, as the market performance index, the All-Share Index (ASI) fell by 0.74%...
Oil prices drop amid U.S. dollar strength, expectations for supply gains
21 ViewsOil prices dropped on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely...
Dollar firms after U.S. yield spike, hits six-month high versus yen
17 ViewsThe U.S. dollar touched a fresh six-month high versus the yen and extended a rebound from a three-year lows to the Aussie on Thursday, lifted by a sharp increase in U.S. bond yields...
Nigeria engages other countries as OPEC moves to ease production cut
21 ViewsAs Nigeria engages key African countries ahead of the Organisation of Oil Exporting Countries and allies ((OPEC+) meeting due next week, indications emerged yesterday that the cartel may consider a reduction of the...
Wema Bank Posts N81bn Earnings, N5.1bn Profit after Tax
27 ViewsWema Bank Plc yesterday released its unaudited results for the year ended December 31, 2020, showing marginal decline in top and bottom-lines. The financial institution recorded gross earnings of N80.852 billion in 2020,...
Directors’ sack: Oando challenges SEC on court ruling
26 ViewsAn official of Oando Plc yesterday said the company has appealed a court ruling of a Federal High Court sitting in Abuja, which Thursday, struck out three cases filed by it and some...
FMDQ approves Valency Agro’s N5.12bn commercial paper
15 ViewsFMDQ Securities Exchange Limited has announced the approval of the quotation of the Valency Agro Nigeria Limited N5.12bn Series 1 Commercial Paper under its N20bn CP Programme on its platform. The Exchange said...
Stock market reverses gains as index shed 0.31%
50 ViewsThe Nigerian equity market today (Thursday) closed in the negative region to reverse the previous two days positive sentiment, as the market performance indices, the All-Share Index (ASI) and Market Capitalization fell by...
Oil prices hit 13-month highs on tighter supplies, Fed assurance on low rates
20 ViewsOil prices rose for a fourth straight session on Thursday to the highest levels in more than 13 months, underpinned by monetary easing policies and lower crude production in the United States. Brent...
Dollar languishes near three-year lows as Fed’s Powell stokes reflation bets
18 ViewsThe safe-haven U.S. dollar languished near three-year lows versus riskier currencies on Thursday as continued dovish signals from the Federal Reserve stoked reflation bets. The greenback sank to a fresh low against the...
World stocks’ dance to continue, but inflation could mute the music
14 Views The bull-run in global stocks fueled by cheap cash and reflation hopes will continue for at least another six months but a rise in bond yields as inflation expectations grow could throw a...