Wall Street lifted by tech shares, heavyweight Boeing pares losses

March 11, 2019

Boeing Co, the best performing Dow component this year by a wide margin, dropped 6.7 percent after many airlines grounded the company’s new 737 MAX 8 passenger jet. Helping markets gain ground was the heavyweight Dow component’s stock bouncing off its session lows, while the Dow Jones Airlines index reversed course to trade 0.34 percent […]

Wall Street dips at open after ECB decision

Chris IkosaMarch 7, 2019

U.S. stocks opened slightly lower on Thursday led by financial stocks as investors digested the European Central Bank’s move to push out its first post-crisis rate hike until at least 2020 and a new round of cheap loans to boost the euro zone economy. The Dow Jones Industrial Average fell 28.01 points, or 0.11 percent, […]

US stocks slip as dollar strengthens, oil sinks

March 6, 2019

U.S. equities edged lower as investors awaited fresh catalysts on trade and monetary policy. The dollar advanced for a sixth day and oil fell. Energy producers led losses on the S&P 500 Index as reports showed the U.S. trade deficit widened in 2018 to a 10-year high and private companies added fewer jobs than analysts […]

Equities market climbs on interests in banking stocks

Adesola AfolabiMarch 5, 2019

Nigeria’s equities market maintained a positive performance at the close of trade Tuesday as price upticks in Guaranty Trust Bank, GTB (+1.1%), Union Bank of Nigeria, UBN (+4.5%) and Zenith Bank (+0.8%) drove the benchmark index 0.14 percent higher to 32,173.66 points. Consequently, market capitalisation increased by N16.3 billion to N12.0 trillion while year to […]

Wall St subdued with U.S.-China trade talks in focus

February 26, 2019

U.S. stocks struggled for direction on Tuesday after rallying strongly last week, as investors focused on the latest round of trade talks between the United States and China. Hopes that the two countries will hammer out a deal to end their protracted trade war had helped the S&P 500 and the Nasdaq log their best […]

Fidson announces N3bn right issue to begin in March

February 19, 2019

Fidson Healthcare Plc., Tuesday, announced that it will be commencing it’s N3 billion right issue on 6th of March 2019. The pharmaceutical company stated that it will be issuing 750 million ordinary shares at 0.50K each at N4 per share on the basis of one new ordinary share for every two ordinary shares held as at […]

SEC shuts down another illegal fund management firm in Lagos

Adesola AfolabiFebruary 19, 2019

The Securities and Exchange Commission (SEC), Tuesday, announced that it has sealed off the premises of another company- Growing Circle, operating from Lagos for engaging in illegal fund management activities. According to the Commission, the company was shut down for carrying out investment operations that falls within fund management without registration with the apex regulator. […]

Wall St subdued with U.S.-China trade talks in focus

February 19, 2019

U.S. stocks struggled for direction on Tuesday after rallying strongly last week, as investors focused on the latest round of trade talks between the United States and China. Hopes that the two countries will hammer out a deal to end their protracted trade war had helped the S&P 500 and the Nasdaq log their best […]

U.S. stocks slump on surprise retail-sales decline

February 14, 2019

U.S. stocks opened lower, treasuries extended their advance and the dollar retreated after disappointing American retail sales data suggested the country’s economic growth is slowing. The S&P 500 Index and Dow Jones Industrial Average sank Thursday after the U.S. Commerce Department reported the worst drop for retail sales in nine years, while initial jobless claims […]