Oil markets to fully achieve balance this year, says UAE oil minister

Businessam StaffJanuary 11, 2018

Oil markets still have not completely balanced supply against demand yet but 2018 will be the year when they achieve this, United Arab Emirates’ (UAE) energy and industry minister said Thursday. Speaking at the 9th Gulf Intelligence UAE Energy Forum in Abu Dhabi, according to CNBC Suhail al-Mazrouei said progress was being made, but there’s […]

African issuers raise $1.4bn in IPOs in 2017

January 10, 2018

The value of African shares issued through initial public offer (IPO) increased by $2 million in 2017 to $1.4 billion from the $1.2 billion issued in 2016. This is against $206.6 billion raised globally by 1,694 companies, according to the latest Global Cross-Border Index from law firm Baker McKenzie. The index, however, indicated that a […]

Nigeria’s economy to edge up at least 2.5% in 2018 – World Bank

Businessam StaffJanuary 10, 2018

The World Bank in its latest report forecasts that economic growth in Nigeria would edge up to at least 2.5 percent in 2018. This is contained in Bank’s January 2018 Global Economic Prospect report launched on Tuesday in Washington DC, United States. Nigeria’s Gross Domestic Product (GDP) is expected to grow by 2.8 percent in […]

Nigerian equities sustain rally as broad-based gains across sectors push index up 1.3%

January 9, 2018

Nigerian stocks sustained previous trades positive momentum Tuesday as the All Share Index rose 1.3 percent to close at 40,362.97 points while year-to-date gain expanded to 5.5 percent. Market capitalization equally gained N182.7 billion to settle at N14.4 trillion. The day’s performance was largely buoyed by a broad-based rally across sectors, with DANGCEM (+1.4%), ZENITH […]

Global Muslim demographic seen driving Islamic economy size to $3trn in 2021

Businessam StaffJanuary 9, 2018

The global Islamic economy size may grow to $3 trillion in three years due to a growing Muslim demographic, according to Thomson Reuters’ State of the ‘Global Islamic Economy Report 2016/17’ seen by businessamlive. The report indicated that Islamic economy has continued to evolve, driven by fast-growing Muslim population as well as young Muslims asserting […]

Economic inequality to get worse as the rich gets richer, study reveals

Businessam StaffJanuary 9, 2018

Economic inequality could soon get much worse than economists originally thought, according to new research on the return rate of everything. Òscar Jordà, Federal Reserve Bank of San Francisco economist, along with four other authors, looked at 16 countries in a first-ever data set to offer a complete analysis on the rate of return on […]

Nigerian stocks sustain bullish run, close 2.4% higher

January 8, 2018

The equities market Monday opened the week positive, extending gains from the previous week into the third consecutive trading session as the All Share Index rose 2.4 percent to settle at 38,849.65 points while YTD return expanded to 4.2 percent As a result, market capitalization rose by N329.7billion to settle at N14.2trillion. Today’s performance was […]