Real Time Financial News Website
Risk-oriented currencies including the Australian dollar and the euro rose on Tuesday after U.S. President Donald Trump accepted the start of a transition to a Biden regime, that may include…
The naira exchanged to the dollar for 483 in the parallel market on Monday. This was despite the regular interventions in terms of forex injections by the Central Bank of…
Business Post gathered from Quidax, a platform used for trading cryptocurrencies in Naira, that six other digital currencies tracked equally followed the trend. Ethereum (ETH) sold for N298,999.99 after going…
Nigeria’s per capital income in 2020 could decline to its lowest level in 40 years, the World Bank Country Director for Nigeria, Shubham Chaudhuri, has predicted. His projection is predicated…
LONDON — British Prime Minister Boris Johnson has announced plans for strict regional measures to combat COVID-19 after England’s lockdown ends Dec. 2, sparking a rebellion by members of his…
Earlier this month, Royal Dutch Shell Plc pulled the plug on its Convent refinery in Louisiana. Unlike many oil refineries shut in recent years, Convent was far from obsolete: it’s…
Outside it has become night. In front of the windows of one of Abuja’s grandest hotels, the pool shines turquoise blue. Finally, the phone rings. It is the hotel’s front…
Saudi Arabia is sacrificing non-oil economic growth with fiscal policies designed to ensure its currency peg’s stability during a period of low crude prices, according to Goldman Sachs Group Inc.…
The holiday-shortened week in the U.S. will be a packed one for economic data, while Federal Reserve meeting minutes will show how policy makers view adding to stimulus. Meanwhile, the…
Canada is losing $7.9 billion dollars to tax havens, according to a new study timed ahead of the G20 leaders meeting this weekend. The State of Tax Justice report found…
The Nigerian economy has slipped into its second recession in five years after the gross domestic product contracted the second consecutive quarter. The National Bureau of Statistics on Saturday announced…
The Managing Director and Chief Executive Officer of the Nigerian Liquified Natural Gas, Tony Attah, has said that at least 55 per cent of the scope of work on the…
The fate of the nation’s aviation sector may be hanging on the precipice over N22b debts owed by some local airline operators still in dire need of a lifeline and…
Hon. Helen Grant, United Kingdom Trade Envoy to Nigeria, has said that Nigeria was the fastest growing economy in Africa. Grant said this at the two-day Nigerian Diaspora Investment Summit…
Nigeria is back in a recession for the second time in four years, no thanks to COVID-19 and the crash in oil prices triggered by the pandemic. The Gross Domestic…
If well-implemented and devoid of political manipulation, the Nigeria Youth Investment Fund (N-YIF) should boost job creation and produce a ripple effect that will culminate in the economic well-being of…
Britain and Canada struck a rollover trade deal on Saturday to protect the flow of $27 billion-worth (£20.32 billion) of goods and services between them after Brexit, and vowed to…
A judicial panel investigating claims that Nigerian soldiers shot dead peaceful protesters in Lagos viewed videos on Saturday appearing to show people hurt or saying that they were being fired…
Apple released a software update for iPhones and iPads earlier this month that includes a built-in music recognition button that can help you quickly identify a song that’s playing. It’s…
Tech investors have plenty of reading to do over the Thanksgiving holiday in the form of IPO filings. DoorDash, Airbnb, Affirm, Roblox and Wish all unveiled their prospectuses in the…
ble opportunity arises we will act on our responsibilities. No one should miss any opportunity.” The Iranian government’s statements over the past two weeks show that “they are moving pretty…
The price of Bitcoin has been on a tear, rising nearly 160% this year and about 25% month to date. That might be just the beginning, ARK Investment Management CEO…
Vice- President Yemi Osinbajo has said the decision of the Federal Government to slash taxes was aimed at making the nation’s economy more attractive to investors. The Vice President also…
Overview of GDP in Quarter Three 2020 Nigeria’s gross domestic product (GDP) recorded a growth rate of -3.62% (year-on-year) in real terms in the third quarter of 2020. While this…
Gold edged higher on Friday after U.S. Treasury Secretary Steven Mnuchin signalled that negotiations on stimulus measures will continue, boosting the metal’s appeal as a hedge against likely inflation. Spot…
Africa’s largest economy has slumped into a recession in the third quarter as oil production dropped to a four-year low. Nigeria’s gross domestic product shrank 3.6% in the three months…
Feelers from the Presidency last night revealed that the search for a new Chairman for the Economic and Financial Crimes Commission (EFCC) may have started, following the recommendation of the…
As Nigerians continue to adjust to the “new normal” occasioned by the Coronavirus (COVID- 19) pandemic, prices of food items, goods and services are hitting the rooftop across the country.…
The Nigerian government reiterates commitment to completing Abuja-Kaduna-Zaria-Kano Dual Carriageway. The Minister of Works and Housing, Babatunde Fashola, has reiterated the commitment of the federal government to completing the ongoing…
Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to data released by the statistician general on Saturday. Africa’s biggest economy…