Markets

August 22, 2020

Ethereum transaction fees are calculated in gas and used in paying for ETH operations on its blockchain network.

Stock Market

UNILEVER, NIGERIAN BREWERIES record gains, as ASI rallies by 0.07%

ZENITHBANK, FBNH, and GUARANTY were the most active to boost market turnover.

Commodities

Crude oil prices rally higher as OPEC+ ramps up effort to curb oversupply

Also Brent crude soared by 0.4%, to trade at $44.07, heading for a weekly rise around 0.5%.

Currencies

Traders go short on U.S dollar over higher claims of U.S unemployment benefits

The drop is speculated to have been caused by the high number of Americans who claimed unemployment benefits.

Tether expected to surpass Ethereum, based on strength of the U.S dollar, ther mints 80,000,000 USDT to unknown wallets within 24 hours, Tether mints over a billion dollars’ worth of USDT, Tether mints over a billion dollars’ worth of USDT

Cryptos

Crypto: Why Tether became a U.S. dollar replacement for many Chinese

Tether accounts for 93% of stablecoin use in the region.

Stock Market

STANBIC, CAP, GLAXOSMITH close higher, as investors gain N18 billion

Nigerian bourse continued its bullish run on Thursday in spite of the recent downtrend in market liquidity.

Oil price decline is driven by poor market

Commodities

OPEC+ to slash production by extra 2.31 million barrels for members to limit oversupply

by William Ukpe

OPEC+ agreed to production cuts of 9.6 million barrels after record lows in April.

Stock Market

Global stocks plunge over doubts of America’s economic recovery

The pan-European STOXX 50 was down 0.85% and London’s FTSE 100 dropped 1.17% at 11.02 am GMT.

Cryptos

Bullish Signs: 2.6 million Bitcoins are being held on crypto exchanges

Bitcoin bulls have been on a bullish run, triggered by high liquidity in the global money markets.

Commodities

Oil tanker volumes dropped by 18.6% Year-Over-Year in July – Lloyd’s List Intelligence

by William Ukpe