China’s Industrial Profits Fell The most in Four Years
China economic downturn continues as China’s industrial profits fell the most in four years on Monday, dragging profits in coal mining 64.9 percent lower this year…
Economy
The Urgency of Nigeria’s Economic Diversification
In 2012, Nigeria became the second African country to be listed on JP Morgan’s emerging market bond index, and quickly became the biggest economy in…
Asian Markets’ Monday Situation
Most Asian markets open lower except China after federal open market committee (FOMC) leaves interest rates near zero last week. Japanese Yen opened lower against…
FED Leaves Interest Rates Unchanged
The U.S Federal Reserve on Thursday left interest rates unchanged citing global economic slowdown amid sluggish exports. Poor exports and low energy prices continues to…
Nigerian Stock (NGSEINDX) Gained 0.17 percent
Nigerian Stock Exchange All Share Index (NGSEINDX) gained 0.17 percent to peak at 30,410.39, its highest value in a month. This marked 6 consecutive days…
Nigeria’s Inflation Rate Rises to 9.3 Percent
Nigeria’s Consumer Price Index (CPI) which measures inflation increased by 0.1% to 9.3% (year-on-year), from 9.2% recorded in July. According to the data released by…
JPMorgan: Poor Economic Decision By Okonjo Iweala
In 2012, when Nigeria was listed on JPMorgan emerging market Bond index, it was done based on a two way quote by the CBN and…
UK Interest Rate Increase is Near, BOE
Great Britain Pound (GBP) took a new direction after Bank of England (BOE) policy makers said China’s slowdown hasn’t shaken their conviction about rate increase…
JPMorgan Perfect Plans to Remove Nigeria From Emerging-Market Bond Indexes
After placing Nigeria on index watch for 9 months, JPMorgan has finally made plans to remove Nigeria from emerging-market bond indexes tracked by more than…
China Admits to Slower Economic Growth
Finally, China has admitted to slower economic growth than previously made public in 2014. The National Bureau of Statistics early this morning decided to revise…