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Brent crude drops, as COVID-19 caseloads rise in the world’s largest economies

Crude oil plunged on Monday morning at London’s trading session, amid increasing concerns of the second wave of COVID-19 cases in many nations around the world. Brent oil futures fell 3.16% to $38.02 by 4am local time in an attempt to pull back some of its losses of about 8% from the last trading session.

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Forex: U.S dollar plunges against major currencies, investors remain jittery

The U.S dollar dropped on Monday at London’s trading session, amid mounting fears of a second wave of the coronavirus pandemic.

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Naira weakens by N2.00k on black market

The foreign exchange market opened on Monday with the Naira weakening by N2.00k as the dollar was trading at N450 as against N448 on Friday last week on the black market.

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Julius Berger, Nigerian Breweries, UACN, others drive NSE ASI to negative close

In line with market analysts’ expectations, the Nigerian Stock Exchange (NSE) All Share Index (ASI) closed south on Thursday June 11, 2020 amid continued profit taking actions by investors.

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GCC asset managers ‘resilient’ to Covid-19

Asset managers in the GCC will be “somewhat resilient” to the impact of the Covid-19 pandemic and falling oil prices, according to a report from rating agency, Moody’s.

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Rent Payment In COVID-19 Period

The virus has caused a lot of loses and many measures have been put in place to solve some of these problems, but one other problem that has to be looked at is Tenant and rent.

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Mortgage rates fall below three percent for the first time ever

CNBC’s Diana Olick reports on what’s behind the fall in mortgage rates as the markets continue to head lower.

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Niger government secures N5 billion for road projects

Niger State Governor, Abubakar Sani Bello said he has secured a Bridge Finance loan facility to the tune of N5 billion to be expended on road projects in the state.

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Grit Real Estate will delist from JSE to focus on London and Mauritius

The group — which has a portfolio of 46 assets and operates in Botswana, Ghana, Kenya, Mauritius, Morocco, Mozambique, Senegal and Zambia — said its JSE shares have not received enough support from investors since listing in 2014, then as Delta International. And being on three exchanges has become costly.

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UPDC gears for unbundling, repositions for growth

In order to allow her operate as an independent group; UACN Property Development Company Plc (UPDC) is poised to expand with greater flexibility and a solid foundation for growth.

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