Real Time Financial News Website
In late October, when San Francisco moved into California’s least-restrictive Covid-19 “yellow tier” — indicating minimal spread of the coronavirus — Lauren Crabbe was hopeful. Crabbe, the owner of Andytown…
United Airlines said on Friday it warned some 14,000 employees that they might be furloughed, and aviation unions made a new request to Congress and President Joe Biden for another…
Elon Musk’s electric car company notified customers on Friday that Tesla Service Centers now offer collision repairs, something the company has been talking about since 2018. In a message to…
Steve Cohen, the founder of hedge fund Point72 and owner of the New York Mets, has deactivated his Twitter account after his family received threats this week amid the GameStop…
U.S. Treasury yields climbed on Friday morning, following the release of key economic data in the previous session. The yield on the benchmark 10-year Treasury note rose to 1.08% at…
An appeals court in the Netherlands on Friday ordered Royal Dutch Shell to pay compensation to Nigerian farmers over oil pollution in the Niger Delta. The court delivered its judgment…
EU officials confessed on Saturday to a “blunder” in invoking Northern Ireland Brexit emergency powers during a showdown with Britain over vaccines, and London said it expected its supply of…
U.S. President Joe Biden said on Friday that Congress needs to take immediate action on his $1.9 trillion COVID-19 relief proposal, adding that most economists believe additional economic stimulus is…
The United Arab Emirates has adopted amendments that would allow the Gulf state to grant citizenship to investors and other professionals including scientists, doctors and their families, the government said…
Online broker Robinhood has raised more than $1 billion of fresh capital from existing investors, having been strained by high volumes of trading this week and raising the ire of…
The National Commission for Refugees, Migrants, and Internally Displaced Persons, on Friday, launched the distribution of relief materials to over 2000 IDPs, including other victims of banditry in Zamfara. Speaking…
An online e-commerce platform, Offerservice, has been unveiled in Lagos, to provide opportunities for corporations, businessmen, artisans and professionals to showcase and promote their products and services without any charge.…
BGI Group, the world’s largest genomics company, has worked with China’s military on research that ranges from mass testing for respiratory pathogens to brain science, a Reuters review of research,…
SpaceX’s first high-altitude test flight of its Starship rocket, which exploded last month while attempting to land after an otherwise successful test launch, violated the terms of its Federal Aviation…
The bilateral trade volume between Nigeria and the Middle East reached $19.3 billion in 2019 while Nigeria’s export to China was about $2billion in the form of mineral oils and…
U.S. consumer spending fell for a second straight month in December amid renewed business restrictions to slow the spread of COVID-19 and a temporary expiration of government-funded benefits for millions…
The Federal Government has committed an equity investment of $670m for the construction of 10,000 tonnes per day methanol production plant by the Brass Fertiliser and Petrochemical Company Ltd (BFPCL).…
Buyout firm Silver Lake disclosed on Friday that it sold its stake in AMC Entertainment Holdings for $713 million this week, capitalizing on a 10-fold rise in the price of…
U.S. investment bank Goldman Sachs on Wednesday lost its fight against an EU cartel fine handed down to its former Italian subsidiary and cable maker Prysmian after Europe’s top court…
Here’s how ordinary investors, spurred on by a Reddit message board, took on the big Wall Street funds and sent share prices soaring for the video game retailer GameStop is…
Corporate Accountability and Public Participation Africa, CAPPA, on Friday, launched the TakeApart Nigeria report entitled “The Big Tobacco Allies— How tobacco companies use intermediaries to foster their corporate social responsibility…
The Nigeria Centre for Disease Control (NCDC) on Friday reported 27 coronavirus -related deaths, bringing the total number of those who had succumbed to the deadly virus in Nigeria to…
A “#bitcoin” tag on Elon Musk’s Twitter profile page led to a 14% jump in the cryptocurrency on Friday, the latest in a series of market moves triggered by comments…
Short-sellers are sitting on estimated losses of $70.87 billion from their short positions in U.S. companies so far this year, data from financial data analytics firm Ortex showed on Thursday.…
A U.S. judge in Manhattan has dismissed most but not all of a shareholder lawsuit accusing General Electric Co of concealing billions of dollars of insurance liabilities and using questionable…
FMDQ Securities Exchange Limited has approved the listing of the Flour Mills of Nigeria Plc’s N4.89bn Series 4 tranche A and N25bn Series 4 tranche B Fixed Rate Bonds under…
An Abuja based legal practitioner, Barrister Silas Joseph Onu has called on President Muhammadu Buhari to name a new Inspector General of Police, IGP, in line with the provision of…
Apple Inc on Wednesday reported holiday quarter sales and profits that beat Wall Street expectations, as new 5G iPhones helped push handset revenue to a new record and sparked a…
MINISTER of Communications and Digital Economy, Dr Isa Pantami has assured Nigerians and the international community that citizens’ and the country’s data are 99 per cent secure. Pantami spoke on…
Nigeria can look to an in-house example for inspiration on how to better manage its finances. Lagos State, Nigeria’s commercial capital, not only spent a small fraction of its revenue…