Business

“Most Asian Markets Follow Wall St Gains, Bitcoin Nears $100,000”

Ihesiulo Grace 24 November 2024 0

The financial markets ended the week on a high note, driven by strong corporate earnings and investor optimism: Stock Market Highlights: S&P 500: Gained 0.3% to close at 5,969.34, marking continued strength in the broader market. Dow Jones Industrial Average: Climbed 1% to a new record high

Business

Naira falls to N1720/dollar at parallel market

DailyTimesNGR DailyTimesNGR 20 February 2024 0

By Temitope Adebayo Having declined by 4.4 per cent and 9.5 per cent at the official and parallel markets respectively, the value of the naira continued to plummet reaching new lows at both ends of the market. By the close of business on Monday, the naira was selling at N1,720 on the streets. This is […]

Business

Emerging markets brace for wave of elections with fiscal discipline at stake

DailyTimesNGR DailyTimesNGR 8 January 2024 0

By Godwin Anyebe Emerging markets are gearing up for their biggest election year in decades, with investors focused on fiscal discipline and populist shifts that could stir markets and blur the outlook for some key economies. Countries home to more than half the world’s population and accounting for more than 60% of global economic output […]

Business

Why this revamped emerging markets trust stables at 15% discount

DailyTimesNGR DailyTimesNGR 29 October 2023 0

By Godwin Anyebe The value of investments and the income from them can go down as well as up, so you may get back less than you invest. For some investors the emerging markets can feel like a step too far out of their comfort zone, but it might be an area worth reconsidering, as […]

Business

Distressed debt anxiety is spreading across emerging markets

DailyTimesNGR DailyTimesNGR 15 October 2023 0

By Godwin Anyebe Rapidly rising Treasury yields have brought back fears of a potential wave of defaults across emerging markets, with investors questioning which countries struggling with heavy debt loads will miss payments or be forced to restructure first. A total of 21 emerging-market nations have sovereign dollar debt trading near distressed levels, as measured […]

Capital Market

Interest rates in emerging markets start to diverge, says Fitch

Ihesiulo Grace 27 August 2023 0

By Godwin Anyebe The direction of policy interest rates in emerging markets has begun to diverge, Fitch Ratings said in a report late Thursday. The majority of central banks in emerging markets are either keeping interest rates on hold, while some are starting to cut rates, it said. “Policy rates look to be on hold […]

Business

Frontier markets: Despite risk levels, huge rewards await smart investors

Ihesiulo Grace 8 May 2023 0

By Godwin Anyebe The risk-off environment that largely characterised equity markets last year could hardly be expected to favour an asset class whose very name means ‘out there’. However, to quote from a frontier markets report published by emerging markets boutique Ashmore, “if the idea of investing in markets that have historically produced strong long-term […]

Business

Frontier markets’ inefficiency raises risk levels amidst big rewards for investors

Ihesiulo Grace 30 April 2023 0

By Godwin Anyebe The risk-off environment that largely characterised equity markets last year could hardly be expected to favour an asset class, whose very name means ‘out there’. However, to quote from a frontier markets report published by emerging markets boutique Ashmore, “if the idea of investing in markets that have historically produced strong long-term […]

Headlines

FEC approves N24.2bn for free Internet facilities in airports, markets

Ihesiulo Grace 30 March 2023 0

By Ukpono Ukpong No fewer than 75 public places, including 20 airports, tertiary institutions and markets nationwide have been earmark for the provision of free internet services. Addressing State House Correspondents after the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari at the Presidential Villa, Abuja, the Minister of

Business

Emerging-Market Debt Outlook 2023: A shifting balance of risks

Ihesiulo Grace 29 January 2023 0

By Godwin Anyebe Financial markets offered few opportunities for refuge in 2022, and emerging-market bonds were no exception. Analysts expect the past year’s difficult conditions to gradually unwind in 2023, but risks remain, and investors will need to be selective. Global growth is expected to face stiff headwinds this year, which could pressure commodity prices. […]

Business

S&P Global sees more weakness for emerging markets in 2023

Ihesiulo Grace 6 December 2022 0

By Godwin Anyebe The market landscape for emerging markets (EM) in 2022 has been skewed towards the downside amid rising global inflation and a stronger dollar. It doesn’t look like the pain will be subsiding soon, according to an EM forecast from S&P Global. It looks like the same headwinds for EM in 2022 will […]

Business

FBN Holdings completes sale of Insurance arm to Sanlam

Ihesiulo Grace 4 June 2020 0

FBN Holdings (FBNH) Plc and Sanlam Emerging Markets (Proprietary) Ltd (Sanlam) have announced the completion of the sale and transfer of FBNH’s 65 per cent shareholding in FBN Insurance (FBNI) to Sanlam. The Boards of Directors of both organisations stated this in a divestment announcement on Tuesday pasted on the Nigerian Stock Exchange (NSE) website. […]

Featured Headlines News

COVID-19: Benue reopens worship centers, markets

Ihesiulo Grace 22 May 2020 0

Kajo Martins, Makurdi The Benue state government has relaxed its earlier ban on churches, mosques and markets as a measure to check the spread of coronavirus in the state. Governor Samuel Ortom, who made the disclosure on Thursday in Makurdi after a joint meeting of Benue state Executive Council and the Action Committee on COVID-19, […]

News

COVID-19: Abuja markets to commence three times operations

Ihesiulo Grace 7 April 2020 0

In line with the new guidelines on the operations of markets issued by the Presidential Task Force on COVID-19, the Federal Capital Territory Administration (FCTA) has directed the Abuja Markets Management Limited (AMML) to ensure compliance with the new template. The new guideline states that only shops and stalls selling food and groceries shall be […]

News

Covid -19: Ebonyi begins fumigation of public places

Ihesiulo Grace 5 April 2020 0

Ebonyi state government has commenced fumigation of markets and other public places across the state. This is part of measures to prevent coronavirus and other epidemic in the state. The state Governor Engr David Nweze Umahi flagged off the exercise at Margaret Umahi International Market, Abakaliki. Represented by the Deputy Governor Dr Kelechi Igwe, Governor […]

News Nigeria

Umahi stops illegal collection of tax in markets, other levies

Ihesiulo Grace 20 August 2018 0

The Ebonyi state government on Monday ordered the suspension of the collection of Personal Income Tax and other illegal revenues from markets in the state. The government also announced the suspension of every revenue collection in the local government areas in the state till further notice. The state Governor, David Umahi made the announcement at […]

News

Int’l Dance Day: Obaseki makes case for multi-sectoral collaboration on export of Edo dances

Ihesiulo Grace 29 April 2018 0

The Governor of Edo State, Mr. Godwin Obaseki has sought the collaboration of dance troupes, dance teachers, creators, directors and fans of the art form as well as investors and government, to improve on the quality and packaging of the various dances in the state to boost their earning power in the domestic and international […]

News Nigeria

Okowa explains his administration’s involvement in markets’ development

Ihesiulo Grace 22 March 2018 0

Delta State Governor, Dr Ifeanyi Okowa has explained why his administration was involved in the construction of markets despite the fact that it is the function of local government councils to do so, saying markets grow rural commerce. The Governor at a quarterly interactive session with Journalists on Wednesday in Asaba stated that his administration […]

Tech

9mobile: Court sacks interim board

Ihesiulo Grace 16 January 2018 0

…as investor warns Glo, Airtel, others The Federal High Court, Ikoyi has nullified the Ex Parte Order earlier issued on 3rd July 2017 approving the appointment of an Interim Board for Emerging Markets Telecommunications Service (EMTS), now 9mobile. The company is the fourth largest telecommunications service operator in Nigeria. Document obtained by DAILY POST shows

Headlines News

Opec exit strategy, electric vehicles to set energy tone for 2018

Ihesiulo Grace 29 December 2017 0

Oil markets can see light at the end of the tunnel in 2018. A year of production cuts by the Organisation of Petroleum Exporting Countries, OPEC, and its allies has reduced global stockpiles and revived prices. A barrel of Brent crude is now worth almost a fifth more in value than it was 12 months […]