NDIC Assures Heritage Bank Depositors of Swift Repayment
Abuja, Nigeria - The Nigerian Deposit Insurance Corporation (NDIC) has moved to allay the fears of depositors of the recently ...
Tag: Finance
Fidelity Bank Shares Experience Significant Decline Amidst Plans for Fresh Equity
Lagos, Nigeria - Fidelity Bank Plc's shares suffered a significant decline of 9.7% to ₦9.75 in Lagos trading, following the ...
UK Interest Rates Remain Steady Despite Inflation Decrease
London, UK - The Bank of England (BOE) has opted to maintain its key interest rate, despite the UK's inflation ...
Rand Rises as ANC Scrambles to Patch Up Their Election Blunder
In a slight rebound, South Africa's rand edged higher early Thursday after a previous dip triggered by the African National ...
Philippine Central Bank Pushes Back On Aggressive Rate-Cut Calls
The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), has rejected calls for aggressive rate cuts, dismissing a forecast made ...
Japan’s Finance Minister Defends Currency Intervention, Citing Speculative Excessive Moves
In his first public acknowledgment of the government's record intervention in the currency market, Japan's Finance Minister Shunichi Suzuki defended ...
Market Mood Swing: Stocks Slip on Weak Manufacturing Data, GameStop Soars
The U.S. stock market experienced a decline today, driven by weaker-than-expected manufacturing data. The ISM Manufacturing PMI Index fell to ...
Market Snapshot: Bull Market Shows Resilience Despite Rate Hikes
The U.S. stock market has continued its upward trajectory despite higher interest rates. The S&P 500 index, a key benchmark, ...
CBN Shuts Down Heritage Bank; Revokes Operating License
The Central Bank of Nigeria (CBN), has repealed the banking licence of Heritage Bank Plc with immediate effect. According to ...
OPEC+ Extends Production Cuts in Uncertain Market
The world's most powerful oil producers, the OPEC+ alliance, made a surprising move on Sunday. They decided to extend production ...
Istanbul Retail Inflation Hits Highest Since December 2022
Istanbul, Turkey - Istanbul's annual retail inflation rate surged to its highest level since December 2022, reaching 82.2% in May, ...
DRC Central Bank Holds Rate at 25%: Stability or Stagnation?
The Democratic Republic of Congo (DRC) made headlines this week with its central bank's decision to maintain the policy rate ...
Why China Won’t Print Its Way Out Of Inflation
China has opted not to print large amounts of money to solve its economic problems, despite facing a massive housing ...
Stockbrokers Express Concern Over Bill Seeking To Modify CBN’s Autonomy
The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have voiced reservations about ...
Stock Market Opens Mixed As Inflation Data Takes Center Stage
US stocks opened on a mixed note on Tuesday, with technology stocks leading the charge, as investors shifted their focus ...
