Real Time Financial News Website
Shares of Bumble Inc, backed by Blackstone Group Inc, soared more than 76% in their stock market debut on Thursday, fetching a $14 billion valuation for the operator of the…
PayPal Holdings Inc is not likely to buy cryptocurrencies such as bitcoin, the payments processor’s Chief Financial Officer John Rainey told CNBC on Thursday. We’re not going to invest corporate…
A U.S. House committee on Thursday approved a proposal to give airlines another $14 billion in payroll assistance as part of a broader COVID-19 relief package that is working its…
The Biden administration on Thursday announced the U.S. Department of Energy will offer $100 million in funding to support low-carbon energy technologies and create a working group to aid their…
Asian shares hovered just below a record high on Friday as mixed U.S. economic data caused some investors to show restraint after a global stock market rally pushed many bourses…
Britain’s gross domestic product (GDP) grew 1.0% between October and December, the Office for National Statistics said, at the top end of the range of forecasts by economists in a…
Oil prices fell a second day on Friday, extending losses after OPEC cut its demand forecast and the International Energy Agency said the market was still over-supplied. Brent crude was…
Chief financial officers are watching closely after Tesla Inc. this week disclosed a $1.5 billion investment in bitcoin and Twitter Inc.’s Ned Segal mused publicly about potentially paying employees or…
Report Summary The Macroeconomy The IMF forecasted a sluggish growth for the Nigerian economy in 2021. High year-end spending drove inflation upward. The Naira appreciated marginally at the I&E FX…
Oil marketers have said they are ready to resume importation of Premium Motor Spirit (petrol) if foreign exchange is made available to them at a competitive rate The Chairman, Major…
Bottles of its reds, whites and roses piled up when South Africa banned alcohol sales under a strict lockdown and visitors who once flocked to the vineyard near Cape Town…
Shares of Viant Technology Inc jumped 76% in their market debut on Wednesday, giving the advertising software company a market capitalization of $2.53 billion. Viant’s shares opened at $44, well…
Business leaders in Africa have expressed the hope that economic prosperity and increase in trading activities would return to the continent from 2021. Their optimism is sequel to the outcome…
The Chartered Institute of Stockbrokers has urged the Central Bank of Nigeria to create an intervention fund for securities dealing firms as part of effort to stabilise the equities market.…
Pan-African banking conglomerate, Ecobank Transnational Incorporated, has announced the appointment of an independent of non-executive director, Hervé S. Assah. Mr Assah, who comes from the Central African Economic and Monetary…
As NSE lists Briclinks Africa N10m shares on Growth Board The Securities and Exchange Commission (SEC), has released general rules for Collective Investment Schemes, prescribing that all units/securities of a…
UR wallet is probably full of 2p pieces – but it might be worth checking your change as some of these coins could be worth hundreds of pounds. We reveal…
Twenty per cent of anticipated investments in the oil and gas sector by state-owned oil companies, including the Nigerian National Petroleum Corporation, are economically unviable if global warming is to…
Ecobank Nigeria has said its customers are now able to transfer funds by email, SMS and WhatsApp with the new features available on the bank’s mobile app. It said this…
Investors in the nation’s stock market lost N426bn on Wednesday as 37 firms recorded price decline. The market extended its losing streak to the eighth straight trading session amid negative…
Nigeria lost an estimated N189.90bn from January to November 2020 as international oil companies and local players flared a total of 178.95 billion standard cubic feet of natural gas. The…
The Federal Executive Council on Wednesday approved a Memorandum of Understanding between the Ministry of Information and Culture and the Central Bank of Nigeria as well as the Bankers’ Committee…
Members of the Independent Petroleum Marketers Association of Nigeria on Wednesday disrupted loading of petroleum products at private depots in Apapa as well as Ibadan, Ejigbo and Mosimi depots belonging…
At such a time of dwindling oil fortunes and resultant effect on the economy, the nation’s maritime industry is considered as key in filling some gaps. This is even more…
Nigeria and other OPEC+ in the month of January comply fully with the cartel production out. This has consequently resulted in the upward movement of the price of crude at…
Iran has started producing uranium metal, despite being warned by world powers that it constitutes another breach of the 2015 nuclear deal. International Atomic Energy Agency inspectors verified the existence…
Nigeria is targeting a debt to GDP ratio of 40 percent by 2023 from the current level of 25 percent in a new Medium Term Debt Management Strategy approved by…
United Airlines will team up with US regional carrier Mesa Airlines to buy Archer’s electric vertical take-off and landing (eVTOL) aircraft as part of a $1bn order. The deal is…
Over 86,300 Firstmonie agents, spread across 772 local government areas in Nigeria can access up to N1 million loan facilities, as First Bank of Nigeria rolls out an initiative to…
Investment and financial analysts at Cordros Securities Research has projected marginal uptick in capital importation (CI) in 2021 after a decline of 56.7 per cent in 2020. The CI for…