Real Time Financial News Website
Robinhood is in hot water for banning investors from buying GameStop during part of last month’s Reddit-driven market mayhem. And now Fidelity is being accused of preventing one investor from…
Owlet Baby Care Inc, a maker of baby monitoring devices, will go public through a merger with a blank-check firm backed by private equity firm Sandbridge Capital, in a deal…
Goldman Sachs Group Inc is launching a digital wealth-management platform that allocates and rebalances customers’ wealth across portfolios of stocks and bonds. The low-cost platform, Marcus Invest, will allocate wealth…
Britain’s competition watchdog on Tuesday raised concerns over Adevinta’s planned acquisition of U.S. e-commerce group eBay’s classified ads business, sending the Norwegian company’s shares down 4.3%. The $9.2 billion deal…
Cash levels in investment portfolios have hit the lowest since just before the so-called taper tantrum of 2013, according to Bank of America’s February fund manager survey, which also showed…
Global shares hit record highs on Tuesday and were on track for their longest winning streak in 17 years as investors bet the rollout of COVID-19 vaccines would lead to…
Oil prices hovered near 13-month highs on Tuesday on the back of a cold snap shutting wells in Texas, the the biggest crude producing state in the United States, while…
Toyota Motor Corp said on Tuesday it will temporarily suspend vehicle production on 14 lines at nine group factories in Japan due to an earthquake that hit Japan’s northeast last…
Investor morale in Germany rose beyond even the most optimistic forecast in February on expectations consumption will take off in the coming months, the ZEW economic research institute said on…
A judge in Hawaii on Monday ordered Bristol-Myers Squibb Co and Sanofi SA to pay more than $834 million to the state for failing to warn non-white patients properly of…
Thirty-three million Nigerians are active on social media, with the most used social media platforms being WhatsApp, Facebook and YouTube. According to the Digital 2021: Nigeria report by Datareportal, 15.8…
The outbreak of COVID-19 pandemic set the oil and gas industry on a tail spin. Major oil consumer, China, shut down its factories while the price of Brent crude sunk…
Deji Elumoye, Chuks Okocha, James Emejo, Udora Orizu in Abuja, Obinna Chima and Dike Onwuamaeze in Lagos With her emergence yesterday as the first African and first female to be…
Following price gains recorded by most bluechip stocks, transactions on the Nigerian Stock Exchange (NSE) reopened in an upbeat yesterday as the All-share index increased by 0.33 per cent. At…
Traders may have used as many as 200 online chat rooms to rig foreign exchange rates, far more than previously thought, a lawyer for investors told a London court Monday.…
Nigeria’s inflation rate rose to 16.47% (year-on-year) in January 2021 as against 15.75% recorded in December 2020. This is according to the latest Consumer Price Index report, released by the…
Amazon.com Inc will start making its TV streaming device in India this year via a unit of Taiwanese contract manufacturer Foxconn, the U.S. online retail giant said on Tuesday. The…
Japan’s central bank has no plans to “permanently reduce” its purchases of exchange-traded funds (ETF), its governor said on Tuesday, signalling that its upcoming policy review won’t lead to a…
Brent oil held gains in Asia after closing at the highest level in more than a year as electricity blackouts caused by freezing weather in Texas disrupted flows from the…
Royal Dutch Shell has initiated international arbitration against Nigeria over a dispute regarding an oil spill that took place five decades ago, according to a filing with the World Bank’s…
The N21.3 billion National Arts Theatre remodelling will be completed in the next 15 months, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele announced on Sunday. The apex bank boss…
The naira on Monday exchanged at 473/$ at the parallel market, after trading at 477 the previous week. At the Investors & Exporters forex window, the naira hit a high…
The euro zone is likely to decide between March and May when and how governments would start tapering support to their economies as vaccination campaigns allow the lifting of pandemic…
A deep freeze across the United States is taking a toll on the energy industry in the largest U.S. crude-producing state, halting Texas oil wells and refineries on Monday and…
With global demand returning and supply bottlenecks likely to drive up shipping, food and energy prices, Bank of America believes emerging market inflation could be on the horizon. In a…
The U.S. dollar was pinned down on Tuesday, as vaccine optimism boosted the British pound to an almost three-year high, while rising oil prices and buoyant expectations for global recovery…
As issues continue to surround the recent order by the Central Bank of Nigeria to banks not to provide financial services to crypto currency businesses, in this report take accounts…
Following 2020, a year the world faced an existential crisis with many households and businesses losing incomes, survival was of utmost importance. There were high levels of uncertainty in the…
BUA Cement, Nigeria’s second largest cement company, has announced full year revenue of N209 billion in its unaudited financial accounts for the full year ended December 31, 2020, showing an…
Determined to stop the federal government from taking over their unclaimed dividends, some shareholders of companies listed on the Nigerian Stock Exchange (NSE), under the aegis of Palm Wealth Shareholders…