Following the sell-off that engulfed big tech stocks last week, the Nasdaq Composite had its worst week in months.

The six biggest tech stocks (Tesla, Apple, Facebook, Amazon, Alphabet and Microsoft) briefly lost more than $1 trillion in their collective market cap at one point this week, sparking fears over the tech bubble.

All three of the major averages posted steep declines for the week...

Read full article at https://investogist.com/big-tech-selloff-drags-nasdaq-to-worst-week-in-months/

Afreximbank disburses US$200 million to Zenith Bank Plc

African Export-Import Bank (Afreximbank) has disbursed US$200 million to Zenith Bank Plc Nigeria, to help the bank cushion the impact of the Covid-19 pandemic and maintain foreign currency trade flows.

The fund will also allow Zenith Bank to on-lend to eligible sub-borrowers involved in the manufacture and supply of medical resources needed to combat the COVID-19 pandemic...

Read full article at https://investogist.com/afreximbank-disburses-us200-million-to-zenith-bank-plc/