July 2022

Oil prices erase gains as U.S. Fed raises rates

Oil prices were trending down slightly on Wednesday following the 2:30p.m. EST Federal Reserve’s announcement of another hike in interest rates by three-quarters of a percentage point for the second time in a row, while Wall Street continued to flounder…

NGX market capitalisation drops by N137bn 

By Philemon Adedeji Bearish sentiments still occurred in the Nigerian equities market, yesterday as losses in MTN Nigeria Communications (MTNN), Custodian Investment, Prestige Assurance, Jaizbank and 30 others dragged the market overall capitalisation  lower by N137 billion as investors sought…