Markets

Sudan’s sovereign council, which has been ruling the country since Omar al-Bashir was ousted, has just declared an economic “state of emergency”. The announcement was made by the Minister of Finance, Hiba Mohamed Ali, during a press conference held on Thursday, September 10 in Khartoum. According to the official, this …

Mr Timipre Sylva, the Minister of State for Petroleum Resources says the Federal Government’s decision to fully remove subsidy from petrol will save the country ₦1trn annually and create massive jobs. Sylva, who said this on Thursday, while speaking with newsmen in Abuja, said that beginning from October, Nigerians “can …

Trading on the Nigerian Stock Exchange (NSE) maintained negative mood on Tuesday with the All-Share Index losing 0.33 per cent, amid sell pressure in banking equities. Specifically, the NSE All-Share which opened at 25,582.23 lost 84.91 points or 0.33 per cent to close at 25,497.32. Similarly, the market capitalisation shed …

President Muhammadu Buhari Monday in Abuja assured Nigerians of the willingness and determination of the Federal Government to provide stable electricity to every home and industry, while considering the economic challenges before individuals, families and businesses, explaining that “implementation of a Willing buyer, Willing Seller Policy for the power sector …

Trading on the Nigerian Stock Exchange (NSE) maintained positive trend on Thursday for the third consecutive days, as its indices increased further by 0.13 per cent. Specifically, the All-Share Index increased by 33.28 points 0.13 per cent to close at 25,204.60 compared with 25,171.32 achieved on Wednesday. As a result, …

Ghana’s Producer Price Inflation (PPI) rate fell slightly in July to 9.3 percent compared with a revised 9.5 percent recorded in June. The month-on-month change in producer price index between June 2020 and July 2020 was 1.7 percent. The Ghana Statistical Service explained that the marginal decrease in all Industry …

Annual inflation rate in the UK jumped to 1% in July of 2020 from 0.6% in June, beating market forecasts of 0.6%. It is the highest reading since March, as the restrictions caused by the coronavirus pandemic have been eased. The largest contributions came clothing (-0.1% vs -2.2%), rising prices …

The Nigerian Stock Exchange (NSE) opened trading for the week on Monday with a loss of N35 billion, amid weak sentiments. Market Capitalisation, which opened at N13.145 trillion inched lower by N35 billion or 0.27 per cent, to close at N13.110 trillion. Also, the All-Share Index (ASI) lost 67.17 points …

U.S. Treasury Secretary Steven Mnuchin on Monday said companies from China and other countries that do not comply with accounting standards will be delisted from U.S. stock exchanges as of the end of 2021. Mnuchin and other officials recommended the move to the U.S. Securities and Exchange Commission last week …

Activities on the trading floor of the Nigerian Stock Exchange (NSE) maintained a bullish posture on Friday with the market indicators appreciating further by 0.45 per cent. Specifically, the All-Share Index rose by 111.06 points or 0.45 per cent to close at 25,041.40 compared with 24,930.34 achieved on Thursday. Also, …