Author: Charlotte

In the upper echelons of the Nigerian Exchange Limited (NGX), market forces usually dictate the rhythm of stock prices – but BUA Foods Plc operates on an entirely different playlist. Despite sitting comfortably as one of the market’s most valuable consumer goods powerhouses, the stock displays a peculiar, almost frozen stoicism during broader market rallies and sell-offs. The reason is an open secret among institutional investors: an ultra-tight free float safely locked away under the direct ownership of its billionaire founder Abdul Sama In the upper echelons of the Nigerian Exchange Limited (NGX), market forces usually dictate the rhythm of…

“The stock MARKET is not the economy” might be a cliché, but it is still jarring to see quite how far the two can part ways. Surely economic growth should be good for shareholders? Yet study after study has suggested the opposite. One by Jay Ritter of the University of Florida, for instance, compared the returns on 16 countries’ stock markets with their GDP growth per person between 1900 and 2002. The two appeared, if anything, to be negatively correlated—meaning that the faster a country became richer, the worse its investors tended to do. Source link

8h40 ▪ 5 min read ▪ by Mikaia A. Summarize this article with:ChatGPTPerplexityGrok MiCA, in its current form, has already driven away crypto players of all sizes. For many of them, this regulation represents an administrative and financial desert crossing. However, European policymakers consider this framework insufficient and want to expand it. DeFi, staking, and NFTs are now in their sights. An ambition that raises its share of paradoxes and questions about Brussels’ real strategy. In Brief The European Parliament requests the extension of MiCA to DeFi, staking, and NFTs. Euro-compliant stablecoins have seen their capitalization jump 128% in one…

A plan for 16 new council homes on Grayson Road has been scrapped by Rotherham Council for being “not financially viable”.In 2024, the council cabinet approved plans for homes to be built at a site on Grayson Road, Greasbrough.The properties would have been a mixture of two and three bedroom family homes, alongside a number of bungalows or low rise apartments.A recent council housing update presented to the cabinet said that work on the project had determined that it is “not financially viable” for the council to deliver homes on this site.Rotherham Council cabinet join at their meeting on 6/7/26.…

CHICAGO, July 8, 2026 /PRNewswire/ — Formidium, a global fund administrator and technology provider for alternative investment managers, has been named Best Administrator – Innovation at the Hedge Fund Services Awards | APAC 2026, hosted by With Intelligence in association with S&P Global. Formidium’s win highlights its continued investment in technology-led fund administration, including proprietary platforms, automation-driven workflows, and a single data architecture designed to give hedge fund and alternative investment managers faster access to accurate fund data. “Fund administration is becoming a technology and data infrastructure layer for managers,” said Nitin Somani, CEO of Formidium. “This award is a…

Gold and Silver Sink as Death of US-Iran MOU Sends Oil, Rates Jumping BullionVault Source link

Elon Musk’s SpaceX (NASDAQ: $SPCX) has moved some Bitcoin (CRYPTO: $BTC) out of its digital wallet, the first such movement in six months. However, analysts have been quick to say that SpaceX is unlikely to sell the Bitcoin it has moved given that it is a very small amount.  SpaceX has transferred less than $300 U.S. worth of its $1.16 billion U.S. Bitcoin holdings.  More From Cryptoprowl: Some analysts have speculated online that the small amount of Bitcoin that SpaceX moved could be used to cover network fees before a larger BTC transaction takes place. SpaceX went public on June…

&P Dow Jones Indices (DJI) has put Indonesia on a watch list for a potential downgrade to frontier market status in its next annual review in 2027.The New York-based global index provider issued the warning in an announcement on Tuesday, adding it was continuing to monitor developments related to stock ownership transparency and guidance from the Indonesia Stock Exchange (IDX) to address disclosure-related concerns and potential liquidity impact in the country. “If circumstances worsen, S&P DJI may consider implementing special treatment for Indonesian securities,” reads the announcement. The index provider added that if these matters remained unresolved one calendar year…

(July 8): India’s market regulator has approved the launch of derivatives on an index designed specifically for foreign investors.The National Stock Exchange of India Ltd has received approval from the Securities and Exchange Board of India (Sebi) to introduce futures and options tied to the Nifty India FPI 150 Index, according to people familiar with the matter who asked not to be named discussing private information. The gauge, launched last August, tracks 150 stocks selected based on ease of accessibility for foreign investors — something global benchmark providers such as MSCI Inc. typically take into account to select their index…

** For the best experience, download the free Africa Private Equity News app Android | iOS **Swedfund is investing an additional $5 million in the TLG Africa Growth Impact Fund II (TLG II). TLG II, managed by TLG Capital, provides flexible, long-term debt to SMEs, backed by guarantees issued by banks. This allows the fund to offer loans with tenors and interest rates that give viable companies better conditions to strengthen their businesses and grow sustainably.“Through our continued engagement with TLG II, Swedfund helps address an important financing gap for SMEs in Africa. Flexible and tailored credit solutions can support…