Real Time Financial News Website
Joe Biden’s presidency could have big implications for everyday Americans when it comes to financial protections. With Senate control still hanging in the balance, the extent to which the Biden…
DR Horton – The homebuilder reported quarterly profit of $2.24 per share, beating the consensus estimate of $1.76, with revenue also above forecasts on an increase in closed sales and…
The Dow Jones Industrial Average rose on Tuesday, building on its sharp gains from the previous session, as a market rotation out of names that thrived during the pandemic and…
LONDON — German electric scooter rental firm Tier announced Tuesday that it’s raised $250 million in a funding round led by SoftBank’s second Vision Fund. It’s the first time the…
Hopes that a coronavirus vaccine would put the British economy back on track pushed the pound 1% higher versus the euro on Tuesday, as the threat posed by COVID-19 appeared…
The Australian dollar traded slightly lower against its U.S. counterpart on Tuesday while the New Zealand dollar was marginally higher, as traders weighed news about progress in the development of…
Average year-to-date return for Nigerian equities rallied to 20.1 per cent on Monday as increased bargain-hunting for large-cap stocks added N641 billion in net capital gains. With more than four…
The dollar edged up on Tuesday and the yen stayed low, as investors remained optimistic about progress towards a COVID-19 vaccine, although the moves were more tempered than in the…
The naira will weaken in the parallel market as oil prices stay at $40-$42 per barrel and likely depreciate to 470-475 against the dollar in November and December, the Managing…
The Chairman, Nigerians in Diaspora Commission, Abike Dabiri-Erewa, on Monday confirmed that six citizens of the country, have been convicted in the United Arab Emirates (UAE), for wiring $782,000 to…
The founder of Stanbic IBTC Bank Plc, Mr Atedo Peterside, has complained that only Dangote Industries Limited is allowed to move goods across the border amid the closure of the…
EMIRATES Airlines said it has increased its flight frequency on the Lagos / Dubai route from four times weekly to daily service effective November1, 2020. The expanded schedule, the carrier…
The yen recouped some losses against the U.S. dollar on Tuesday, after the safe currency took a drubbing on news of the development of a coronavirus vaccine which raised optimism…
The federal government yesterday gave a six-month timeline to the Committee on Disposal of Forfeited Assets to dispose of all forfeited assets. The Attorney-General of the Federation (AGF) and Minister…
Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, on Monday greeted news about the vaccine against the deadly coronavirus that Pfizer Inc PFE.N is developing…
DJ Switch: said to be out of Nigeria because of death threats DJ Switch, the lady who streamed live the shooting of protesters by soldiers at the Lekki Toll Gate…
The stock market opened on a highly bullish note as shares surged further lifting the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by four per cent to close at 32,243.05,…
The United Arab Emirates reiterated that it doesn’t have any plans at the moment to raise the value-added tax after neighboring Saudi Arabia tripled the levy and Oman said it…
The Organisation of Petroleum Exporting Countries (OPEC) has said the level of decline experienced in energy and oil demands since the outbreak of the COVID-19 pandemic was steep, adding that…
The Nigerian government has allowed Dangote Cement to resume exports across its land borders, raising hopes that Africa’s most populous nation may be opening up trade with neighbors after a…
The Central Bank of Nigeria (CBN) has opposed a suit seeking to remove the Ajami (Arabic) inscriptions on naira notes. It told the Federal High Court it would cost a…
The Lekki/Epe expressway has been a death trap and a haven for criminals because of its deplorable condition. Constructed 40 years ago and referred to as the new Lagos, it…
LONDON, Nov. 10, 2020 /PRNewswire/ — With a looming recession, inflation on the rise and a lack of security, high net-worth Nigerians are looking to secure their future by investing…
Traders witnessed the weakening of the Naira by N1 against the US Dollar at the parallel market segment of the foreign exchange market on Monday, November 9. Business Post reports…
The Nigeria Centre for Disease Control (NCDC) has attributed the recent strange deaths in Delta and Enugu states to an outbreak of Yellow Fever. The agency said in a statement…
There’s nothing quite like a little bit of dollar weakness to signal traders and investors have a renewed appetite for risk. The world’s equity markets were already flashing green even…
With the impact of the recent #EndSARS protests, which virtually grounded the country’s economy for days yet to be over, Nigerians may be gearing for another crisis, as oil workers…
Pfizer Inc PFE.N on Monday said its experimental vaccine was more than 90% effective in preventing COVID-19 based on initial data from a large study, a major victory in the…
Oil jumped on Monday by almost 10%, the highest daily rise in almost 6 month, after Pfizer said its COVID-19 vaccine was very effective, and Saudi Arabia said an OPEC+…
Sterling edged up in early London trading on Monday after reaching a nine-week high versus the dollar overnight, as Democrat Joe Biden’s victory in the U.S. presidential elections saw global…