Real Time Financial News Website
Femi Falana has warned the Central Bank of Nigeria, CBN, to stop freezing accounts of activists in the country. He explained that the action of the Apex Bank constitutes a…
TikTok’s forced sale to Walmart Inc. and Oracle Corp. has been shelved indefinitely as the Biden administration takes on a broad review of national security risks posed by Chinese technology…
The United States has sold more than a million barrels of Iranian fuel seized under its sanction programme last year, a Department of Justice official said, as another ship with…
The federal government’s estimated fiscal deficit expanded to N620.49 billion in November 2020, compared with the N421.35 billion recorded in October 2020. The Central Bank of Nigeria (CBN), in its…
A China-backed trade and investment deal representing about a third of the global economy is unlikely to bring immediate significant benefits for its developing member countries, analysts and economists say.…
A house billed as “possibly the skinniest house in London” is up for sale for £950,000 ($1.3 million). Just six feet wide and covering 1,034 square feet, the five-story property…
The dollar fell during a quiet Asian session on Thursday, after softer-than-expected U.S. inflation data for January and a reiteration of the Federal Reserve’s dovish policy stance, but recovered some…
Global equity funds led inflows in the week to Feb. 10, bolstered by upbeat corporate earnings and the prospects of a U.S. stimulus package. Investors purchased $43.1 billion in equity…
Germany’s Commerzbank said on Thursday its net loss deepened to $3.3 billion in the fourth quarter, as the lender undergoes a major restructuring and deals with the fallout of the…
Angela Merkel will give a welcome speech at Deutsche Bank’s annual New Year reception on Thursday, marking a rare appearance by the German chancellor at an event by a bank…
Nigeria recorded $5.7bn foreign exchange inflow into the country in November 2020. This was a drop from $6.47bn and $7.34bn recorded in October and September respectively. The Central Bank of…
Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, accelerating previous targets, as oil production was set to slowly decline from its 2019 peak. The Anglo-Dutch…
The Philippine central bank left key interest rates steady on Thursday, as expected, saying current monetary policy settings were appropriate as inflation is still expected to stay firmly within target…
As Nigeria steps up the goal of identifying every citizen within its shores, the Director-General of the National Identity Management Commission (NIMC), Aliyu Aziz, during an online interaction with journalists,…
Euro zone core bond yields inched lower in early Thursday trade as global markets focused on a dovish Federal Reserve outlook after a soft reading on U.S. inflation. Italian bond…
Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.…
U.S. Treasury Secretary Janet Yellen on Wednesday warned about an “explosion of risk” from digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight…
AstraZeneca on Thursday forecast 2021 revenue growth after the COVID-19 vaccine developer beat analysts’ estimates for fourth-quarter product sales, as a wide range of therapies helped cushion the hit from…
Oil extended its longest winning streak in two years in New York as a decline in U.S. crude inventories further showcased how global supplies are shrinking. Futures rose almost 1%…
From a skyway operator in Australia to a tourist guide on Indonesia’s resort island of Bali and a lion dance troupe in Malaysia, Asia’s travel industry is hurting as coronavirus…
Manufactures in Nigeria have asked the Central Bank of Nigeria (CBN) to review policies around the allocation of foreign exchange. In February 2020, the CBN added milk and dairy products…
The Federal Executive Council (FEC) on Wednesday approved a new Medium-Term Debt Management Strategy (MTDS) for Nigeria from 2020-2023.Under the new borrowing guide, the Federal Government has capped the total…
Investors in high-flying electric carmaker Tesla Inc are questioning whether Elon Musk’s $1.5 billion outlay into bitcoin will be as good for the company as it has been for the…
Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 47 cents per share, 5 cents a share above estimates. The beverage giant’s revenue essentially came in line with Wall Street forecasts.…
The International Monetary Fund (IMF), the global financial watchdog is projecting that Nigeria’s Dangote Refinery would provide an elixir for the country’s economy when it is completed and start production…
The Director, Centre for China Studies, Mr Charles Onunaiju, has said that Nigerians could exploit the huge economic opportunities in the $22tn Chinese market if the Federal Government implements certain…
Bitcoin moved closer to $50,000 for the first time on Tuesday, while the dollar declined as equity traders monitored anticipated US fiscal stimulus and Covid-19 vaccine developments. Asia’s main stock…
Minister of State for Petroleum Resources, Timipre Sylva, yesterday revealed that Nigeria still spends around $30 in producing a barrel of crude oil despite the undulating price of the commodity…
European stocks were mixed Wednesday as traders digested a slew of new corporate earnings. The pan-European Stoxx 600 hovered 0.2% above the flatline by early afternoon trade, with basic resources…
General Motors on Wednesday reported fourth-quarter earnings that easily beat Wall Street expectations, but the company warned a global semiconductor chip shortage could cut its earnings by $1.5 billion and…