4 ViewsAsian shares were heading for weekly losses on Friday as conflicting messages on the Sino-U.S. trade war only added to worries for the global economy, while talk of aggressive central bank stimulus drove...
44 ViewsThe Nigerian Equity Market today continued its downtrend, as the leading market performance indicator, NSE-ASI, shed 0.11%. Today’s negative performance was driven by decline in four of the five major sectors’ indices save...
10 ViewsThe total amount of energy on Nigeria’s power grid plunged by 1,669.6 megawatts in one day, as the Senate has kicked against the continuous disbursement of bailout funds by the Federal Government to...
4 Views Nigeria will fully comply with the agreement by the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC countries last July on crude oil production cuts, Nigeria’s Representative in the group, Mele Kyari,...
62 ViewsThe International Monetary Fund (IMF) wednesday reiterated the need for Nigeria and other countries that still retain the policy of subsiding fossil fuel to put an end to the policy. Precisely, the IMF...
31 Views Many indigenous underwriting firms have been taken over by foreign investors since the last recapitalisation that took place in the insurance sector, investigation has shown. The National Insurance Commission confirmed that a...
9 ViewsOil prices fell on Thursday, adding to sharp overnight losses as U.S. crude inventories unexpectedly rose, fears of recession mounted and economic data out of China and Europe disappointed. Brent crude LCOc1 was...
9 ViewsChina made no trade concessions after U.S. President Donald Trump postponed 10% tariffs on over $150 billion worth of Chinese imports, senior U.S. officials said on Wednesday, adding that talks aimed at resolving...
2 ViewsThe yen held gains against major currencies in early Asian trade on Thursday as growing signs of a global economic slump and falling Treasury yields drove investors into safe-haven assets. Gold prices also...
