Tag Archives: Weekly

You should be getting steady monthly or weekly maintenance funds from your man. It’s your right – Nigerian lady tells women

You should be getting steady monthly or weekly maintenance funds from your man. It

A Nigerian lady, Elohor Ijeoma Isoni, has said that women are entitled to a steady weekly or monthly maintenance funds from their men. Elohor, who stated this in a Facebook post on Thursday said that being in a s3xual relationship comes with “financial implications as a woman needs money to take care of her body, double up on her feminine …

Read More »

CBN allows BDCs to buy $25,000 weekly from banks to meet yuletide demand

CBN allows BDCs to buy $25,000 weekly from banks to meet yuletide demand

The Central Bank of Nigeria (CBN) has announced that eligible Bureau de Change (BDC) operators will have temporary access to the Nigerian Autonomous Foreign Exchange Market (NAFEM) to purchase $25,000 weekly. This arrangement, aimed at addressing seasonal foreign exchange (FX) demand, will be effective from December 19, 2024, to January 30, 2025.   In a statement signed by T.G. Allu, …

Read More »

Weekly recap: Markets in sea of red as the Fed dims Santa Rally hopes

Weekly recap: Markets in sea of red as the Fed dims Santa Rally hopes

Global markets are set to end the week lower following the Fed’s hawkish rate cut on Wednesday, which sent government bond yields soaring, draining liquidities. ADVERTISEMENT Global stock markets ended Thursday in a sea of red following the Fed’s hawkish pivot, leading to a broad-based selloff not seen since August. The souring sentiment caused major benchmarks on both sides of …

Read More »

Weekly recap: Stock market rally stalls amid bond market jitters

Weekly recap: Stock market rally stalls amid bond market jitters

Global markets saw a slide in weekly performance due to rising government bond yields, following the US inflation data release and the ECB’s hawkish rate cut. ADVERTISEMENT The rally on the European stock markets stalled, with a flat weekly performance, due to rising global government bond yields. The US CPI data for November showed that inflation rose for the second …

Read More »

Weekly recap: Geopolitical tensions weigh on European market sentiment

Weekly recap: Geopolitical tensions weigh on European market sentiment

The European stock markets rebounded on Thursday but remained in negative territory for the week as rising geopolitical tensions weighed on sentiment. ADVERTISEMENT Stock markets on both sides of the Atlantic diverged this week. The European equities remained under pressure amid rising geopolitical tensions, while Wall Street sustained the upside momentum following robust Nvidia’s quarterly earnings result. The escalation in …

Read More »

Weekly Recap: European markets see a resurgence on tech optimism

Weekly Recap: European markets see a resurgence on tech optimism

Global stock markets faced sell-offs this week, as Wall Street’s rally began losing momentum amidst fading optimism around Trump. European markets managed a modest rebound on Thursday, spurred by positive outlooks from tech giants ASML and Siemens. ADVERTISEMENT Global markets appear likely to end the week on a sour note as Wall Street’s Trump-led rally began to falter. Despite a …

Read More »

Weekly Recap: European stocks underperform global peers

Weekly Recap: European stocks underperform global peers

Global stock markets are set to end the week on a strong note amid the US election and China’s highly anticipated additional stimulus measures. However, European benchmarks underperformed global peers due to economic concerns and political instability. ADVERTISEMENT Despite a broad rebound in European stock markets on Thursday, major benchmarks remained under pressure following Trump’s victory in the US election …

Read More »

Weekly recap: Uncertainty moves markets into retreat from highs

Weekly recap: Uncertainty moves markets into retreat from highs

Global markets are set to finish the week lower due to uncertainties surrounding the economic and political landscape ahead of the US presidential election and the Japanese general election. Risk-off sentiment shaped market trends as precious metal prices surged. ADVERTISEMENT Both European and US markets retreated from all-time highs and are likely to end the week lower as the rally …

Read More »

Weekly recap: Stocks mixed as geopolitical tensions appear to be ease

Weekly recap: Stocks mixed as geopolitical tensions appear to be ease

Global stock markets rose on optimism surrounding potential ceasefire talks in the Middle East. However, the rally lost steam after the US reported a hotter-than-expected CPI by the end of the week. Notably, the semiconductor sector posted gains due to strong demand forecasts for AI chips. ADVERTISEMENT Global markets posted gains this week as fears of a wider conflict in …

Read More »