Real Time Financial News Website
Central bank meets global shortage of greenbacks after scramble for safety. Investors and companies have flocked to the safety of US dollars to offset the blow to revenues from widespread economic shutdowns.
Why the Fed´s unlimited money-printing scheme is dollar positive in coroanvirus times The Fed’s “buy everything” mode provides firepower…
Wall Street’s three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the…
The Nigeria Centre for Disease Control has announced four new cases of coronavirus in Nigeria. According to agency, three of…
The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market. This followed a temporary…
Huawei warned on Tuesday that 2020 would be its most difficult year yet due to American trade restrictions which…
The audited financial statement shows a turnover of N60.5 billion in the year under review. The figure is a decline compared to N92.89 billion recorded for the corresponding year, 2018.
Many countries in Africa are imposing lockdowns on their citizens as they race to curb the spread of coronavirus. But…
Among the strikers were some of the roughly 200,000 workers at U.S. online grocery delivery company Instacart, according to strike…
The Central Bank of Nigeria (CBN), on Monday, announced that all deposit money banks in the country and the Nigerian…
Barcelona captain Lionel Messi has announced that all players of the Catalan club will take a 70% pay cut during…
Four new cases of coronavirus have been reported in Nigeria. Of the four, three were recorded in Osun State and…
Net profit for 2019 came in at 62.7 billion yuan ($8.9 billion), up 5.6% compared with a 25% jump a…
American Airlines has confirmed it will seek $12bn (£9.7bn) of financial support from the US government because of the impact…
The latest development in the international oil market may have rendered inoperative the recently reviewed oil price benchmark for 2020…
The South African rand plunged to a record low after Moody’s downgraded the government’s debt before recovering slightly Monday. This…
The United States Mission in Nigeria has announced the commencement of evacuation of its citizens from Nigeria. This is happening…
There are currently no approved treatments or vaccines specifically for COVID-19, the respiratory disease that has killed more than 35,000…
U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered…
Fidelity Bank on has announced that it would close all its branches in Lagos, Ogun and the Federal Capital Territory…
Ford said the simplified ventilator design, which is licensed by GE Healthcare from Florida-based Airon Corp and has been cleared…
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, and the Central Bank of Nigeria Governor, Mr Godwin…
As part of its efforts to cushion the economic effects of the Coronavirus pandemic, the Federal government has granted a…
The federal government has drawn up a stimulus package to cushion the impact of the dreaded Corona Virus. Under the…
Streets around the Indian capital Delhi have been filled with people walking to reach their villages in neighbouring states. This…
A Dutch museum that is currently closed to prevent the spread of the coronavirus said Monday a painting by Vincent…
The price of oil has sunk to levels not seen since 2002 as demand for crude collapses amid the coronavirus…
EasyJet has grounded its entire fleet of planes and said it cannot give a date for when they will restart.…
Amazon employees at the company’s Staten Island, New York, facility plan to walk off the job Monday amid allegations the…
Abbott is unveiling a coronavirus test that can tell if someone is infected in as little as five minutes, and…
