Real Time Financial News Website
Ohio has had an “unprecedented spike” in Covid-19 hospital admissions. ICU beds in Tulsa, Oklahoma, are full. North Dakota’s hospitals don’t have enough doctors and nurses. And hospital administrators in…
LONDON — Before 2020, Germany’s BioNTech was a relatively little-known biotechnology company. That all changed when Covid-19 arrived. On Monday, U.S. drug maker Pfizer announced an early analysis of its…
Georgia will conduct a statewide recount of ballots cast in the election between President Donald Trump and President-elect Joe Biden, Secretary of State Brad Raffensperger said Wednesday. “With the margin…
Luxury king Bernard Arnault has retaken the title of world’s second richest person, with a net worth of more than $137 billion, after a recent surge in the share price…
Sterling hit its highest level in more than two months versus the euro on Wednesday as investors were optimistic that a vaccine against COVID-19 would provide a lifeline to the…
The U.S. dollar rose on Wednesday as optimism about a potential coronavirus vaccine was offset by worries about how the drug will be delivered and by a surge of new…
The thrust of the agricultural policy of the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, especially the Anchor Borrowers Programme (ABP) is essentially to provide farm inputs…
LONDON — The next six months will remain turbulent as the global economy keeps grappling with the effects of the coronavirus pandemic, Eric Rosengren, president of the Federal Reserve Bank…
Russia said Wednesday its coronavirus vaccine is 92% effective at preventing people from getting Covid-19, based on interim trial results. The announcement by Russia’s sovereign wealth fund RDIF came two…
SINGAPORE — Shares of China’s top technology giants were battered on Wednesday as regulatory concerns continue to mount. By the Wednesday market close in Hong Kong shares of Alibaba listed…
The Covid vaccine-powered stock market rally looks to be entering its third day, with the Dow Jones Industrial Average set to open roughly 200 points higher. The average gained more…
Chipotle Mexican Grill will open the doors to its first digital-only restaurant on Saturday. Unlike a traditional Chipotle location, it will not include a dining room or a line for…
Alibaba (BABA) – Alibaba shares are under pressure, amid concerns about tighter regulation of big tech firms by the Chinese government. The decline in Alibaba shares comes despite an upbeat…
A Covid-19 vaccine will not result in an “instant stimulus” to the U.S. economy, which still needs greater fiscal support as its recovery loses momentum, an economist said on Wednesday.…
There was a sharp rise in the demand for the United States Dollar at the Investors and Exporters (I&E) segment of the foreign exchange market on Tuesday, November 10. According…
Defaults in unsecured loans to household and small businesses during the third quarter worsened and this is expected to continue in the fourth quarter of the year, the Central Bank…
The federal government has asked Nigerian traders in Ghana not to relocate but exercise more patience adding that they are engaging relevant stakeholders with a view to addressing their challenges.…
A group christened the Coalition of Nigerians in Canada (CONIC) has condemned the Federal Government’s decision to freeze the bank accounts of about 20 #EndSARS protesters. The group described the…
The Central Bank of Nigeria (CBN) has agreed to bear 50 per cent credit risk participants of the Accelerated Agriculture Development Scheme incurred with the loan. This is contained in…
In their avowed determination to make Nigeria a self-sufficient entity in food production as a way of increasing food security and limiting how much foreign exchange it deploys to importation,…
(CNN)For the first time since the Covid-19 outbreak began, Africa may be poised to reshape rapid testing for the virus on the continent. The Pasteur Institute, a biomedical research center…
The Nigerian National Petroleum Corporation (NNPC) says it remitted N1.8 trillion into the Federation Account Allocation Committee (FAAC) between August 2019 and 2020. It said of the total sum, N47.42…
The Federal Government, through the Minister of Aviation, Senator Hadi Sirika, has again reawakened the hitherto sleeping plan to float a new national carrier 17 years after the liquidation of…
The dollar’s resilience after falling to a two-year low is surprising forecasters who had predicted that a breakthrough on a coronavirus vaccine and a Democratic victory in the presidential election…
Oil rose to its highest in more than two months in London on optimism that a potential coronavirus vaccine will boost demand, offsetting immediate concerns over growing virus lockdowns. Futures…
IN the just concluded week, the World Bank stated that it expects inflow of diaspora remittance to Nigeria to drop by $2 billion to $21.7 billion in 2020, from the…
The weak dollar and booming risk appetite in the wake of the U.S. presidential election is adding a tailwind for some emerging markets ETFs that have trailed during the year.…
The Central Bank of Nigeria (CBN) has agreed to bear 50% of the credit risk participants of the Accelerated Agriculture Development Scheme incurred with the loan. This is contained in…
Planes and ships travelling directly from Denmark, and accompanied freight, will no longer be able to land or dock at English ports. The overnight move was made in response to…
Nigeria’s investments in the 44 free trade zones across the country currently stand at over $27 billion, the Managing Director, Nigeria Export Promotion Zone Authority (NEPZA), Prof. Adesoji Adesugba, has…