Capital market

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Business Planning Trade

China to derail Trump’s tariffs

Beijing, April 27, 2025 – Chinese President Xi Jinping has announced a new plan to counter the tariffs imposed by the Trump administration.  A meeting was held this Friday by the Politburo to address the country’s economic situation, which has been suffering since the COVID-19 pandemic triggered a real estate crisis and an unusually high youth unemployment rate. According to the state-run outlet Xinhua, the country’s economy has shown a “positive trend” despite the impact of the new American tariffs. “We must strengthen bottom-line thinking, fully prepare emergency plans and do …

Capital market Money market

CBEX: SEC advises Nigerians to report suspected illegal investment schemes

Abuja, April 25, 2025 – The Securities and Exchange Commission (SEC) has urged the public to report any suspected illegal investments scheme for proper investigation and necessary action. SEC gave the advice on Thursday in a public notice.  It warned that Ponzi investment schemes posed great danger to the growth of the capital market, highlighting the growing threats and risks posed by Ponzi schemes, illegal investment operations, and unregistered digital assets platforms. The notice reads in part: “The public is strongly advised to be wary of investment opportunities that promise …

Business Solutions Money market Uncategorized

Moody’s cuts profit forecast on market volatility after solid first quarter 

New York, April 22, 2025 – Moody’s reported higher first-quarter profit on Tuesday, on strong momentum in its analytics unit and a pickup in bond issuance, but it tempered expectations for the year due to the market volatility. Shares of the financial insights company, best known for rating the creditworthiness of corporate and government bonds, fell 2% before the opening bell. The forecast cut comes as fears of disruption from fluctuating U.S. trade policy have led companies to pause debt issuance. Moody’s results are closely scrutinized by traders looking to assess …

Business Planning Money market Trade

$6.84bn balance of payment surplus, an indication of economic stability – TDF

Abuja, April 22, 2025 – The Democratic Front ( TDF) says the $6.84 billion Balance of Payment (BOP) surplus recorded by Nigeria in 2024 is yet another indication of economic prosperity on the watch of President Bola Tinubu’s administration. The group made the observation in a statement signed by its Chairman, Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo, It said the development would boost investors’ confidence in the country  The statement reads: “In addition to increasing the country’s foreign exchange reserve, improving the nation’s creditworthiness, and enhancing monetary policy flexibility …

Capital market

Market Review: Transactions dip on NGX as capitalisation slides by 0.32%

Lagos, April 22, 2025 – Transactions dropped in volume and value terms on the NGX last week with the market indicators sliding by 0.32%. The All-Share Index and market capitalisation closed at 104,233.81 and N65.499 trillion, respectively The exchange recorded a total turnover of 1.525 billion shares worth N43.006 billion in 51,156 deals in contrast to the 2.094 billion shares valued at N52.967 billion traded in 64,612 deals in the preceding week. The market opened for four trading days last week as the Federal Government of Nigeria declared Friday April …

Capital market Money market

CBN, NGX Group showcase Nigeria’s reform-driven growth story at Nasdaq

New York, April 22, 2022 – Some leaders in Nigeria’s financial sector presented a unified front at the just concluded strategic investment forum hosted by the Nasdaq MarketSite in New York in the bid to boost investor confidence and woo global capital to Nigeria. The event, held on Thursday, April 17, 2025, was organised by the Central Bank of Nigeria (CBN) in collaboration with Nigerian Exchange Group (NGX Group), JPMorgan, and the African Private Capital Association (AVCA). The gathering brought together leaders from the Nigerian diaspora, global investment institutions, and …

Business Planning Politics Trade

China opens to talks if US shows respect, names point person

Beijing, April 16, 2025 – China wants to see a number of steps from President Donald Trump’s administration before it will agree to trade talks, including showing more respect by reining in disparaging remarks by members of his cabinet, according to a person familiar with the Chinese government’s thinking. Other conditions include a more consistent US position and a willingness to address China’s concerns around American sanctions and Taiwan, said the person, who asked not to be identified to discuss internal thinking. Beijing also wants the US to appoint a …

Capital market

US stock futures edge up on hopes of more tariff exemptions

New York, April 15, 2025 – U.S. stock index futures were slightly higher on Tuesday, as investors assessed the possibility of tariff relief for the auto sector after President Donald Trump floated the idea of more exemptions. Trump on Monday suggested potential exemptions for the 25% tariffs imposed on foreign imports of autos and auto parts, saying he was “looking at something to help some of the car companies.” Ford edged 0.6% higher, while General Motors slipped 1.1% after a brokerage downgrade. Movements in the pharma sector, however, kept investors …

Business Planning Commodities

US tariffs may change to silver lining for African economies – Alake

Lagos, April 14, 2025 – The current wave of tariffs from the United States may change into silver lining for African economies. Dele Alake, the Minister of Solid Minerals Development, made the observation while speaking at the Fireside Chat on Foreign Direct Investment during the 14th Annual Investment Meeting (AIM) Congress in Abu Dhabi.   He urged African nations to seize the opportunity being offered by the deluge of tariffs from the US for stronger intra-African trade. Alake said African countries must change their long-standing practice of exporting Africa’s rare …

Capital market

Market Review: NGX traded N53bn shares last week

Lagos, April 14, 2025 – The Nigerian Exchange (NGX) traded 2.094 billion shares worth N52.967 billion in 64,612 deals last week. This was in contrast to the 1.183 billion shares valued at N28.868 billion that exchanged hands in 42,397 deals in the preceding week. The Financial Services Industry, measured by volume, led the activity chart with 1.539 billion shares valued at N36.353 billion traded in 36,013 deals. The sector contributed 73.49% and 68.63% to the total equity turnover volume and value, respectively. The Agriculture Industry followed with 98.884 million shares …


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