Real Time Financial News Website
Remittances flow into Nigeria has improved from a weekly average of about $5 million before policy directives by the Central Bank of Nigeria (CBN) to over $30 million per week,…
U.K. bond yields rose on Friday after Bank of England Chief Economist Andy Haldane warned that inflation may become difficult to tame, prompting more assertive policy action. In a recorded…
Nigeria and other resource-based countries will benefit less from the African Continental Free Trade Area than economies that are more diversified, the Nigerian Economic Summit Group has said, The NESG,…
A total of 611,231 meters have been deployed as at January 31, 2021 under the Meter Asset Provider initiative since its full operation despite the COVID-19 pandemic and other extraneous…
Let’s have a comic diversion today from weightier matters of our national life. Because what I want to discuss can only be comic, if not also idiotic and otiose. Yes,…
A London High Court judge has found Barclays guilty of “serious deceit” over how it negotiated a financial lifeline with Amanda Staveley during the credit crisis in 2008, but on…
The City of London’s finance industry would be worse off than rival New York under an early draft for a cooperation agreement in financial services between Britain and the European…
From the United States to Germany and Australia, government borrowing costs on Friday were set to end February with their biggest monthly rises in years as expectations for a post-pandemic…
Global stocks tumbled Friday as a sharp bond selloff encouraged investors to dump riskier assets. Asian markets followed US stocks lower. Japan’s Nikkei 225 (N225) tumbled 4%, while Hong Kong’s…
Private Telecommunications and Communications Senior Staff Association of Nigeria has threatened to disrupt the activities of Huawei Technologies Nigeria if they kept denying workers the right to unionise. The labour…
The federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as much as N15 trillion ($36.7 billion) for infrastructural projects and…
American singer Lady Gaga has offered a $500,000 (Over N240 million) reward for the safe return of two of her beloved dogs after her friend was shot as he was…
Oil prices fell on Friday as a collapse in bond prices led to gains in the U.S. dollar and expectations grew that with oil prices back above pre-pandemic levels, more…
Nigeria is moving in the right direction economically but its movement is not fast, the United Nations stated on Thursday. Deputy Secretary-General of the United Nations, Amina Mohammed, said this…
Nigeria spent a total of N10.7tn on fuel subsidy in the last 10 years, the Chairman, Major Oil Marketers Association of Nigeria, Mr Adetunji Oyebanji, has said. Oyebanji, who was…
The Managing Director of the Nigerian Ports Authority, (NPA), Ms. Hadiza Bala-Usman, has accused some federal government agencies operating at the ports of violating the executive order signed by Vice-President…
British Airways-owner IAG posted a loss of 4.37 billion euros ($5.31 billion) for 2020 after a year of minimal flying and burning through cash, and it warned on Friday it…
The Executive Secretary of the Nigerian Shippers Council, NSC, Hassan Bello has said that the negative global corruption rating of the country is not unrelated to the activities in the…
The Central Bank of Nigeria’s (CBN) recently released the Regulatory Framework for Open Banking in Nigeria, a document which the apex bank believes will provide an enabling regulatory environment that…
China’s Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world’s largest telecommunications equipment maker, battered by…
European planemaker Airbus on Friday joined a growing list of companies outlining the environmental impact of their products, as aviation aims to reshape itself after the coronavirus crisis. Major companies…
As Nigeria engages key African countries ahead of the Organisation of Oil Exporting Countries and allies ((OPEC+) meeting due next week, indications emerged yesterday that the cartel may consider a…
The standoff between central banks and bond traders took center stage in Asia on Friday after Treasury yields surged to a one-year high, forcing policymakers into a slew of debt…
The government says World Bank’s insistence that the gap between the spot and the parallel market rates be closed will take time. The Nigerian government has said that unifying the…
China’s yuan hit one-month lows against a firmer U.S. dollar on Friday, after rallying for eight consecutive months, as fresh concerns about a potential escalation in Sino-U.S. tensions weighed on…
U.S. investment company Artisan Partners joined activist investor Bluebell Capital Partners on Friday in demanding that French food group Danone finds a new chief executive. Chairman and Chief Executive Emmanuel…
U.S. Economy Recovering Fast, World Bank’s Malpass Says Developing nations remain at risk of a debt crisis due to the impact of the global pandemic, and the World Bank is…
Hyundai Motor has so far avoided a chip shortage that has plagued global automakers, largely maintaining its stockpile of chips last year and even accelerating purchases towards the end, three…
In a blow to Democrats, the Senate parliamentarian ruled the chamber cannot include President Joe Biden’s proposed $15-an-hour minimum wage in a $1.9 trillion coronavirus bill the party aims to…
Twitter Inc said Thursday it expects to double annual revenue to at least $7.5 billion and reach 315 million users in 2023, sending its shares up more than 8%. In…