Oil Prices Jump 3% As US-Iran Conflict Disrupts Gulf Shipping
Brent crude climbed above $90 a barrel as renewed fighting heightened fears over global oil supplies.
Markets
IPMAN Rejects New Fuel Import Licences, Warns Of Price Volatility And Naira Pressure
IPMAN opposes new fuel import licences, warning they fuel price volatility, weaken the naira and undermine local refining efforts.
Ibom Power Plant Endures 11-Month Shutdown Over N28bn FG Debt, Gas Cutoff
Ibom Power blames N28 billion federal debt for prolonged gas cutoff, generation shutdown and worsening electricity supply constraints nationwide.
Oil Prices Jump 3% As US-Iran Conflict Disrupts Gulf Shipping
Brent crude climbed above $90 a barrel as renewed fighting heightened fears over global oil supplies.
Wema Bank Wins Euromoney’s Nigeria’s Best Digital Bank For Consumers Award
Euromoney names Wema Bank Nigeria’s Best Digital Bank for Consumers, recognising innovation, customer experience and financial inclusion leadership.
NRS Gives Large Taxpayers July 31 Deadline For Mandatory E-Invoicing Compliance
The NRS orders large taxpayers to adopt e-invoicing by July 31 or face sanctions as compliance monitoring begins.
Nigeria’s online source for up-to-date information on what the stock markets are doing today. ARISE News brings you world stock market coverage along with breaking news, data analysis and comment. Whether you are at home or overseas you can rely on our coverage.
Commodities and Futures
The last couple of years have seen several agricultural products rise in importance in the Nigerian economy and cocoa beans, sesame, cashew and rice are all ones to watch this year. As well as the traditional oil. Experts will also be keeping a keen eye on the growing rise in fertillizers.
FG Launches AI-Powered Crop Monitoring System To Boost Food Security
FG unveils AI-powered crop monitoring system to provide real-time data and strengthen Nigeria’s food security planning.
Police Cane Protesters During March By India’s ‘Cockroach’ Movement
Thousands gathered in New Delhi despite authorities refusing permission for the planned march.
House Opens Probe into Alleged ‘Fake’ FG Agency Despite ICPC, Police Investigations
The House begins a public probe into the alleged fake agency as ICPC and police investigations continue nationwide.
Commodities
We watch the commodities market closely to keep you informed with the very latest information on global movements in oil, natural gas, precious and industrial metals, sugar and other agricultural products amongst others.
Currencies and Forex
Whether you are at home or part of the successful Nigerian diaspora, this is a market to keep a close watch on. ARISE News brings you the latest on the most important global currencies as well as latest news and comment on the growing strength of the Naira.
NYSE
The world’s largest stock exchange. Technology is now at the heart of the NYSE, which prides itself as the market for innovation, with an average of 2.4 billion shares exchanging hands every day. With it’s famous trading floor and opening and closing bell, it is now the only in-person trading venue for global equities exchange.
NASDAQ
The largest electronic stock market in the world and second largest in terms of securities’ values. One to watch for energy, finance, healthcare, technology and transportation as well as being well-known for high-tech stocks. Using the NASDAQ Composite Index to measure the change in the over 3,000 stocks traded on NASDAQ. Look out for the likes of Apple, Microsoft and Amazon.
FTSE
The FTSE 100, colloquially known as the ‘Footsie’, is an index made up of share of the 100 largest companies on the London Stock Exchange (LSE). Historical ties between our nation and the UK make it a popular choice for many Nigerian investors wishing to invest in established companies such as Barclays, HSBC, BP and BAE. As well as the wildly successful younger companies such as AstraZeneca.
JSE
The largest stock exchange in Africa, it has come along way from its roots in the South African Gold Rush, having been established in 1887. The natural home for African investors, we watch with excitement as we see the rise in stocks such as Master Drilling Group, Sentova Ltd and Novus Holdings Ltd.
