GTI Group Research Financial Possbilities
Oil holds near three-month highs as vaccines stoke demand recovery hopes
24 ViewsOil prices held gains on Tuesday as news of a third promising vaccine candidate spurred hopes of a quick recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin...
Biden to name Yellen to Treasury to lead U.S. from sharp economic downturn
25 ViewsPresident-elect Joe Biden is expected to nominate former Federal Reserve Chair Janet Yellen as U.S. Treasury secretary, breaking a 231-year gender barrier and putting a seasoned economist and labor market expert in charge...
Stocks rise as Biden transition, vaccine progress lift confidence
24 ViewsAsian shares climbed on Tuesday as news U.S. President-elect Joe Biden was given the go-ahead to begin his White House transition added to an already brighter mood from progress made on COVID-19 vaccine...
Naira plunges further, exchanges for 483/$ over speculation
24 ViewsThe naira exchanged to the dollar for 483 in the parallel market on Monday. This was despite the regular interventions in terms of forex injections by the Central Bank of Nigeria. Bureau de...
MPC: Experts expect no rise in interest rate
21 ViewsFinancial experts have said they expect the lending rate to either be retained or reduced at the end of the meeting of the Monetary Policy Committee of the Central Bank of Nigeria on...
Nigeria’s per capita income could fall to 40-year low – W’Bank
25 ViewsTHE World Bank said on Monday that Nigeria’s per capita income could fall in 2020 to its lowest level in 40 years. The bank also raised concern about the debt service cost being...
Buhari to inaugurate 5,000bpd refinery in Imo today
23 ViewsThe President, Major General Muhammadu Buhari (retd.), will lead a team of other top government officials, oil industry regulators and stakeholders to Imo State on Tuesday (today) for the inauguration of the 5,000...
Market Cap Down by 0.05% as Investors’ Extend Profit-Taking Sentiment on the Local Bourse
59 ViewsTrading activities on the domestic bourse today (Monday) resumed for the week on a bearish note, as the ASI and Market Capitalization value dipped by 0.50% amid profit-taking which has now stretched to...
Dollar little moved by optimistic news on another COVID vaccine
33 ViewsThe dollar was little changed on Monday after pharmaceutical firm Moderna MRNA.O became the second U.S. company in a week to report positive results from its COVID-19 vaccine trials. Optimism about the vaccine lifted...
Oil prices extend gains on COVID vaccine hopes
31 ViewsOil prices extended their gains on Monday as traders were optimistic about a recovery in crude demand thanks to successful coronavirus vaccine trials, but price gains were contained by renewed lockdowns in several...
Insurance sector contracts by 16.54% in Q3
32 ViewsThe insurance sector contracted by 16.54 per cent in the third quarter of 2020 financial period, latest figures from the National Bureau of Statistics have shown. The NBS revealed on Saturday that the...
