Real Time Financial News Website
A lawsuit launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion (1.29 billion pounds) for its role in a disputed 2011 oilfield deal, will…
The Maritime sector has been identified as a potent force that has the potenial to drive the Federal Government’s economic diversification agenda. This was the position of the Director-General, Nigerian…
The actual financial status of operating local airlines and how much they lost to the COVID-19 pandemic disruption is a subject of controversy among stakeholders. While some of the operators…
Nigeria and four other oil producers on the continent could each be facing $20billion or more in lost export revenue this year as global oil demand is estimated never to…
The Chinese yuan, which has steadily strengthened this year, spiked even further in the days leading up to and after Joe Biden’s projected election victory. Analysts have flagged that a…
Things are beginning to get worse for the Nigerian Naira at the parallel as it further crashed at the segment of the foreign exchange (forex) market on Thursday. Business Post…
DoorDash, the leading food delivery app in the U.S., filed its IPO prospectus with the Securities and Exchange Commission on Friday. The company will list its shares on the New…
Mr Aliyu said that Nigeria is currently worried with the rising cases of COVID-19 pandemic across the globe hence the need to enforce the COVID-19 rules during the holiday season.…
Vice President Yemi Osinbajo has said lack of functional infrastructure had slowed down the country’s economy over the years. Osinbajo, who stated this at the 42nd Annual Conference of Association…
The nation’s foreign exchange reserves have fallen to the lowest level in more than two months, the latest data from the Central Bank of Nigeria have shown. As of November…
Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to an accelerating rise in COVID-19 infections, but remained on…
The Federal Government is set to reopen the Kano and Port Harcourt International Airports three months after it opened the Lagos and Abuja airports to international flights. Musa Nuhu, the…
The Nigeria Deposit Insurance Corporation has said that it is trying to identify and provide insurance cover for non-bank deposit taking institutions. The Managing Director/Chief Executive Officer, NDIC, Umaru Ibrahim,…
Australia will not allow foreign students to return as Canberra prioritises the return of locals stuck overseas, Prime Minister Scott Morrison said on Friday. Australia has since March closed its…
The Central Bank of Nigeria (CBN) intervention across Foreign Exchange (FX) market segments increased in October, with total intervention sales rising by 25 percent to $1.9 billion from $1.5 billion…
Nigerian Stock Exchange (NSE) market-wide circuit breaker kicked on Thursday, November 12, 2020, at 12:55pm, its first time in four years. The circuit breaker kicked when NSE All-Share Index (NSE…
The Canadian dollar fell for the third straight day against the greenback on Thursday, as surging COVID-19 infections weighed on investor sentiment and a senior Bank of Canada official said…
President Muhammadu Buhari Thursday in Abuja urged international community and investors to take advantage of the country’s diversity in human and natural resources for investment, noting that youth development, integration…
The largest world’s largest free trade area since the World Trade Organization has taken one step closer to becoming a reality. Nigeria has ratified the free trade agreement which will…
Most people don’t employ savings & investing principles to their life. One has to save and invest to grow their money for achieving their financial goals. Saving and investing can…
The dollar held steady on Thursday as investors were cautious over expectations about a COVID-19 vaccine that is unlikely to avert a grim winter in the United States and Europe…
The Federal Government is promoting the adoption of Alternative Dispute Resolution (ADR) and creating the necessary infrastructure to enhance the speedy resolution of business-related disputes. This is part of measures…
The Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Mr Olusegun Awolowo has identified the high cost of logistics as one of the major problems being faced…
Nigeria is investigating prominent participants in recent protests against police brutality for possible violations of a law against financing terrorism. A filing by the Central Bank of Nigeria in a…
A Federal High Court in Abuja has been urged to lift the order it made on November 4 this year freezing the accounts of some individuals alleged to have been…
Nigerian stocks surged the most in more than five years on Thursday and triggered a market-wide circuit breaker for the first time as traders bought up shares in a hunt…
The dollar dipped on Thursday as investors appeared to waver between optimism and caution over expectations about a COVID-19 vaccine that is unlikely to avert a grim winter in Europe…
Chronic instability has been the curse of Nigeria’s economy. Despite its huge oil and gas resources—or perhaps because of them—Africa’s biggest economy has been unable to prevent wide swings in…
One of the oil industry’s biggest court cases over alleged corruption in Nigeria involves an offshore oilfield licence known as OPL 245, which Royal Dutch Shell and Italy’s Eni bought…
Nigeria expects to get more of its plundered Benin Bronzes back from Western museums and collectors as early as next year as global Black Lives Matter protests spur repatriation campaigns,…