Tag Archives: market

The Enugu State Police Command has arrested two members of a criminal gang involved in the m8rder of Ogbete Market Traders Association’s chairman, Mr Stephen Aniagu.   The market leader was shot d3ad on Saturday, September 14, 2024 in the Topland area of the state.    The spokesperson of the command, DSP Daniel Ndukwe, confirmed the arrest in a statement …

China released economic data revealing a boost in retail sales and slower declines in home prices, signalling economic recovery amid recent stimulus efforts. This recovery could benefit European luxury and mining stocks, as China’s demand strengthens. ADVERTISEMENT China’s latest economic data showed recovery momentum in the world’s second-largest economy, largely influenced by a range of recent stimulus measures. October’s retail …

A lower battery-electric vehicle market share in 2025 is likely to make it much more difficult for the EU to meet its carbon emission targets as increasing the BEV market share and sales is one of the key ways car makers were planning to meet those goals. ADVERTISEMENT The outlook for the battery-electric vehicle (BEV) in the EU is continuing to …

Bitcoin, the world’s largest cryptocurrency by market capitalization, soared to a new record high of $89,360 on Tuesday, November 12, rising 9.6% in a single morning. The latest data from CoinMarketCap highlights Bitcoin’s continued rally following the U.S. presidential election.   Bitcoin’s sharp climb began on November 6, when Republican candidate Donald Trump won the election. On that day, Bitcoin …

A businesswoman has shared her frustrations over the regular increase in price of goods.   She took to X on Monday, Nov. 11, to write: “On Saturday I supplied 50 cartons of Malta Guinness for N13,500. My gain per carton was N500. Meaning I profited N25k.  “Today I went for restock and they’re telling me it’s now N15k cost price per …

As Donald Trump returns as the 47th US president, several markets respond strongly to his policy shift. Here are five winners and losers as investors adjust to the new US administration. ADVERTISEMENT Donald Trump has returned to the White House as the 47th US president, making him the first to serve two non-consecutive terms since Grover Cleveland in the late …

Markets are poised for high volatility this week due to the upcoming US election and key central bank decisions. Below is an outline of crucial market events and potential trends for the days ahead. ADVERTISEMENT The US presidential election is set to drive significant market volatility this week, as investors brace for risk hedging and position adjustments depending on the …

Market sentiment soured amid uncertainties surrounding next week’s US election, exerting pressure on stock markets. The euro strengthened due to rising inflation, while the US dollar weakened ahead of the upcoming non-farm payroll report. ADVERTISEMENT Global markets extended their losses for the week, with uncertainties surrounding the impending US presidential election. Major benchmarks across the US and Europe appear set …

Virgin Music’s partnership with Dapper Music & Entertainment has helped it capture the largest streaming market share in Nigeria across five major platforms. This feat comes a year after Virgin Music Group, a division of Universal Music Group’s global network launched operations in Nigeria, with Olukorede ‘Kay’ Ikazoboh leading the company while Motolani Alake was tapped to lead its A&R …

Reviving securitisation, the controversial banking mechanism linked to the 2008 financial crisis, will put taxpayers at risk without boosting lending, Finance Watch said. ADVERTISEMENT The EU’s hopes of boosting finance via the controversial practice of securitisation could prove futile, according to a report published on Tuesday by think tank Finance Watch.  Banks have argued they should once again be allowed to …