Nasdaq

The Abuja Chamber of Commerce and Industry (ACCI) has called on the Federal Government to immediately set up a Presidential Commission on Cryptocurrency in view of recent developments in the digital and Cryptocurrency space in Nigeria and internationally.

Bitcoin hit a record high, soaring past $62,000 on Tuesday as the cryptocurrency exchange Coinbase prepares to launch shares on Wall Street.

Germany’s Lilium will be the latest electric aviation startup to go public via a reverse merger with a special acquisition company, or SPAC. Lilium will merge with Qell Acquisition, a SPAC founded by former General Motors executive Barry Engle. The newly formed company will list on Nasdaq under the ticker symbol “LILM.”

Geely, the Chinese parent company of Volvo, announced the launch of “new electric mobility technology and solutions company” called Zeekr. The company, which is China’s largest private automaker, reportedly will invest $300 million into the new venture to start out. It’s the latest in a string of deals for Geely that includes satellites, drones, trucking, and partnerships with major firms like Baidu, Tencent, and Foxconn.

Democrats won one hotly contested U.S. Senate race in Georgia on Wednesday and pulled ahead in a second, edging closer to control of the chamber and the power to advance Democratic President-elect Joe Biden’s policy goals when he takes office this month.

The President of African Development Bank, AfDB, Dr. Akinwumi Adesina, has said Africa’s economic growth this year will decline by 3.4%, because of the challenges of the Covid-19 pandemic.

The U.S. government is just one step away from enacting a law that could ‘kick’ several Chinese firms off Wall Street, which can further escalate tensions between Washington and Beijing.

Most Asian markets sustained losses Thursday as worries over the growing rate of coronavirus infections around the world overshadows optimism about a possible vaccine.

Japan’s benchmark Nikkei 225 Stock Average added 0.91 per cent to end at 24,325.23, hitting the highest level in 29 years, while the broader Topix index was up 0.52 per cent to 1,658.49.

Shares in Asia Pacific rose modestly on Wednesday as U.S. President Donald Trump and Democrat Joe Biden were locked in a fierce battle for the White House.

A U.S. Senate hearing to reform an internet law and hold tech companies accountable for how they moderate content quickly turned into a political scuffle as lawmakers not only went after the companies but also attacked each other.

Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19 pandemic was lagging.

The Nikkei index in Tokyo finished Monday’s trading session with a 2.2% gain. Hong Kong’s Hang Seng index is down 0.7% in late afternoon trading, while Shanghai’s Composite index is up 1.4% after a private survey showed Chinese manufacturing activity rose in July.

Asian markets rose Monday, recovering some of the losses at the end of last week, as investors followed a strong performance on Wall Street fuelled by hopes for a coronavirus vaccine, though a spike in infections around the world capped gains.

Tokyo stocks were higher Tuesday morning, as investor sentiment was bolstered by the United States technology shares rising overnight sending the Nasdaq Composite Index to a record high.

Market shares were on the upswing in Asia on Thursday as investors once again expressed hope that the coronavirus pandemic is nearing its peak.

Stock markets in Asia were mixed Wednesday, after a day of rebound from a market plunge on worries over the oil market and a coronavirus outbreak.

Opera, Norwegian internet browser developer, has announced the launch of Opera News Hub, a new online media platform for Nigerian authors and bloggers.

Intelia, a data-first software company, has announced a new partnership with Nasdaq Governance Solutions, a business of Nasdaq, Inc., to provide its clients with access to Nasdaq Boardvantage®, an award-winning board portal and collaboration software solution.

Asian markets were in retreat Monday on dimming hopes for a deep interest rate cut by the US Federal Reserve, but all the firms on a new tech-focused board in China rallied on its opening day.

Jumia Technologies, a pan-African technology company, has listed on the New York Stock Exchange (NYSE), becoming the first-ever technology company from Africa to list on the world’s largest stock exchange.

Global stocks mostly rose Friday following strong US jobs data, though Wall Street’s rally showed signs of fatigue after the Dow finished its best January in 30 years.