BY GODWIN ANYEBE The looming barrage of fresh US tariffs is leaving traders in emerging markets ready to bolt at the slightest whiff of renewed risk. Levies set to land on April 2, combined with a deteriorating outlook for the US and signs of an economic renaissance in China and Europe, mean investors are preparing […]
By Godwin Anyebe With the increase in AI-generated search results and the growing popularity of answer engines, multinational businesses experience declining organic traffic and revenue from organic searches in more established markets. It might be time to take a page from the investment market’s playbook and focus resources to target emerging markets. Market volatility in […]
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 of 44,296.51, supported by robust performance in retail […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 Communications and Digital […]
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. […]
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 […]
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. […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]