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Have a great Friday
What just happened?
The S&P 500 just erased nearly -$2 TRILLION of market cap just hours after 3rd strongest US jobs report in 18 months.
Meanwhile, Bitcoin is officially down over -50% from its record high in October 2025.
What's happening? Let us explain.
(a thread)
Dangote Refinery says it processed 700,000 barrels of crude oil per day in a performance test, above its 650,000 barrels per day nameplate capacity.
The company is targeting 1.4 million barrels per day within 30 months, with exports already reaching Africa, Europe, the US, and Saudi Arabia.
I am not saying do away with Nominee accounts, I am saying disclose the beneficial owners of those Nominee Accounts esp when ownership is above a certain threshold.
Every month there is a block trade on the market but you can’t know who is trading.
Plus we need any insider buys/sells disclosed in time.
All developed exchanges do this.
Hey @Coopbankenya, please do something about the service delivery for the Executive Banking at T-Mall. Only one teller, and frankly quite slow service.
Asante.
Business Daily reports that about 90% of KPC’s top owners bought shares through nominee accounts during the company’s IPO, keeping the identity of the beneficial owners anonymous.
Only two of the top 20 shareholders were disclosed, even as the top 20 investors hold a combined 94.27% stake in KPC.
BREAKING: Iran announces it is ending all negotiations with the US and vows to "completely" block the Strait of Hormuz, per CNBC.
Iran says it is ending negotiations due to repeated ceasefire violations including Israeli strikes in Lebanon.
Iran also threatens to block the Bab el-Mandeb Strait.
BREAKING: President Trump says the US Navy is lifting its "blockade" of the Strait of Hormuz and he is meeting in the Situation Room to make a "final determination" on the Iran deal.
BREAKING: Iranian state media announces initial details of the "Memorandum of Understanding" for the US-Iran peace deal.
INITIAL DETAILS OF THE DEAL, PER IRAN:
1. US Military forces will withdraw from the vicinity of Iran
2. The US Navy will lift its blockade of the Strait of Hormuz
3. Iran has committed to restoring the number of commercial transit ships through the Strait of Hormuz to pre-war levels within 1 month
4. Iranian state media says military vessels are not included in this draft agreement
5. The management and routing of ship traffic through the Strait of Hormuz will be handled by Iran in cooperation with Oman
6. If a final deal is reached within 60 days, this agreement will be approved in the form of a binding UN Security Council resolution
US oil prices extend losses to drop below $89/barrel.
About a month ago, I picked my first Toyota, left the Nissan and the Mazda for city drives only.
Off-roading has never felt any better, the reliability of the #Hilux is amazing, everyday. 🛻
HF Group PLC has announced a change of its name to HFCB Group PLC (@hfcbkenya), marking another step in the Group’s transformation journey as it continues strengthening its position in Kenya’s financial services sector.
https://t.co/5fqVjtskPm
BREAKING: US stock market surge in anticipation of a peace deal between the US and Iran after a highly eventful weekend:
1. S&P 500: +0.6%
2. Nasdaq 100: +0.7%
3. Dow Jones: +0.5%
4. WTI Crude: -5.0%
5. Brent: -2.0%
6. Gold: +1.0%
We expect a busy week ahead.
BREAKING: US officials say Iran has agreed to give up its highly enriched uranium under the deal which President Trump said will “soon” be announced, per NYT.
Iran has yet to make any public statements on the supposed agreement.
BREAKING: President Trump says an agreement with Iran has been “largely negotiated” and will be announced shortly.
Trump says the Strait of Hormuz will be reopened under the agreement.