Real Time Financial News Website
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said that electronic transaction volumes increased by about 67 per cent during the COVID-19 lockdown with increased transactions at agent…
Turkey made it easier for foreign investors to access lira funding, a move that’s aimed at undoing some of the restrictions imposed over the last two years. The lira rallied.…
The dollar held broad gains on Thursday as investors tempered bullish expectations about a COVID-19 vaccine, while the kiwi hovered at an almost 20-month peak as the odds lengthened on…
VR Capital Group Ltd. won a U.S. ruling to block Nigeria from accessing its internal documents as part of the African nation’s attempt to stop a company VR partly owns…
The Nigeria Deposit Insurance Corporation (NDIC) on Wednesday raised concerns on how it could identify and insure non-bank deposit taking institutions licenced by the Central Bank of Nigeria (CBN) and…
Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the high demand pressure in the nation’s foreign exchange market. The MPC members…
With the continued delay in the passage of the Petroleum Industry Bill (PIB) leading to a frigile fiscal regime mired by uncertainty, the African Energy Chamber (AEC), has said Nigeria…
British Deputy High Commissioner in Nigeria, Ben Llewellyn-Jones, has decried the most populous black nation’s three per cent mobile money penetration. He spoke yesterday in Lagos while delivering a keynote…
The House of Representatives has expressed concern and dissatisfaction over the inability of the office of the Auditor General of the Federation (oAuGF) to audit 801 federal agencies and parastatals…
The Naira recorded losses against both the United States Dollar and the British Pound Sterling at the black market segment of the foreign exchange (FX) market on Wednesday, November 11.…
The Nigerian stock market continued its gaining streak defying the prevailing economic down turn with the investors gaining N1.2 trillion in the first three trading days of this week. One…
Oil held gains above $41 a barrel in New York as OPEC+ appeared to be closing in on an agreement to delay a planned easing of production cuts from the…
The Kaduna Inland Dry Port says it is strategising ahead of 2021 to render better services to its clients and to woo more partners in delivering improved services. The Port…
Singapore is rolling out the red carpet for top talent, launching a programme to initially attract 500 individuals with a proven track record of contributing to the global technology ecosystem.…
The Internet economy has the potential to contribute $180bn to the economy of Nigeria and other African countries by 2025, according to a new study by Google and International Finance…
The federal government’s drive to stimulate job creation has started yielding dividends as the Techno Lagos Oil Limited is set to inaugurate an automated Liquefied Petroleum Gas (LPG) terminal that…
Nigeria on Wednesday ratified its membership of the African Continental Free Trade Area (AfCFTA) less than a month before the deadline to do so expires. “The Federal Executive Council (FEC)…
In the recent period, the Chinese renminbi and the Japanese yen have appreciated against the euro and the dollar. Economists at Natixis believe that these two currencies will continue to…
The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, has assured that President Muhammadu Buhari will soon sign the African Continental Free Trade Agreement (AfCFTA) ratification instrument. The Federal…
The dollar held broad gains on Thursday as investors adjusted some of their expectations about a COVID-19 vaccine, which tempered a recent rally in risk assets but kept enough confidence…
Harare — Bravura Holdings, owned by Nigerian billionaire Benedict Peters, has $1bn available for the development of a platinum mine in Zimbabwe, its country manager said. The 3,000ha concession where…
ABUJA: Nigerian stocks climbed to a more than two-year high on Wednesday as domestic funds bought shares across sectors and global oil prices rose on hopes of an effective Covid-19…
Britain is ‘sleep-walking’ into a personal debt crisis with the number of people in severe problem debt topping a million due to the coronavirus pandemic, charity StepChange has warned. Slideshow…
The incoming administration of President-elect Joe Biden could swiftly reverse an array of President Donald Trump’s immigration policies, many of which remain among the most contentious initiatives of his administration.…
ABUJA: The Nigerian government said Wednesday it had ratified the African Continental Free Trade Area (AfCFTA) — a key step towards the long-negotiated creation of the world’s largest free trade…
YouTube, owned by Alphabet Inc’s Google GOOGL.O, said late on Wednesday it had fixed a glitch that led to a worldwide outage of the video-streaming service. DownDetector.com, a website which…
Talks between OPEC and its allies are zeroing in on a delay to next year’s planned oil-output increase of three to six months, according to several delegates. Saudi Arabia and…
Frontier stocks have trailed bigger emerging markets in recovering from the coronavirus-induced crash as liquidity has dried up and investors beat a hasty retreat. BMO Global Asset Management shut a…
Last month, the protests that gripped Nigeria for weeks reached a bloody peak. On October 20, security forces opened fire on unarmed demonstrators at a toll gate in Lekki, outside…
The newspaper quotes a written address in support of a motion ex parte filed by the CBN saying the funds in the accounts might have emanated from terrorist activities. TheCable…