Real Time Financial News Website
Shares of Chinese technology company Baidu are at an all-time high and could climb further, a managing director at an investment bank said this week. James Lee of Mizuho Securities…
Europol, the European police agency, said on Wednesday it had assisted in the arrest of 10 hackers suspected of stealing $100 million in cryptocurrency in as “SIM-swapping” attack that allowed…
Oil extended its rally for a ninth day on Wednesday, its longest winning streak in two years, supported by producer supply cuts and hopes that vaccine rollouts will drive a…
Walt Disney Co, which wowed investors in December with ambitious streaming TV plans, will update Wall Street on Thursday about its digital subscriber membership and the future of its pandemic-hobbled…
Technology and engineering experts have emphasised the need for the government to expedite policies that would aid local production of technology, to give Nigeria international recognition and strengthen the economy.…
The Federal Government has rejected advice by the International Monetary Fund (IMF) to further devalue the Naira which the latter considers more than 18 per cent overvalued. According to the…
The Federal Government yesterday launched the Nigerian Upstream Cost Optimisation Programme (NUCOP) to cut down the cost of crude oil production to $10 per barrel. The new programme is targeted…
Proceedings on the floor of the Nigerian Stock Exchange (NSE) kick started the new week on a bearish note as investors took profit in highly capitalised stocks. At the close…
Leading experts and stakeholders in capital market yesterday called on the Federal Government to rethink national economic development plan and build its long-term plan around the capital market to ensure…
Macquarie, the world’s largest infrastructure investor, has raised 1.6 billion euros ($1.93 billion) for its second global renewables fund, driven by strong demand from institutional investors in Britain and Germany.…
A surge in demand for goods like furniture and exercise equipment from locked-down consumers has sparked a jump in shipping rates, boosting profits for Danish freight giant Maersk, the company…
Heineken NV plans to cut about 8,000 jobs, the Dutch group said on Wednesday, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of…
Asian stocks hit a record high on Wednesday as upbeat earnings, hopes of a large U.S. fiscal stimulus and a prolonged period of low interest rates fanned optimism about a…
A recovery in global trade is expected to slow again in the first quarter of 2021 as the coronavirus pandemic keeps disrupting the travel industry after world trade contracted 9%…
Nasdaq Inc and the New York Stock Exchange have each sued the Securities and Exchange Commission, seeking to block a plan by the regulator to overhaul public data feeds that…
The Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla’s $1.5 billion bet on the…
The Chief Investment Officer, Afrinvest Asset Management, Mr. Robert Omotunde has predicted that the second half of 2021 will see higher yields on federal government’s bonds. He said this yesterday…
Nigerian equities mounted further loss on Monday as the bourse of Africa’s largest economy saw its longest losing streak so far this year with stocks shedding over N442.386 billion in…
The dollar traded near two-week lows as demand for safer assets ebbed on Wednesday, with traders looking ahead to an expected recovery from the COVID-19 pandemic this year, driven by…
The British pound is currently relishing the success the vaccine rollout has provided, leading to strength against a number of the majors. GBPEUR figures continue to trade around a nine-month…
The President, Major General Muhammadu Buhari (retd.), on Tuesday justified the decision of his regime to construct a rail line linking Nigeria with Niger Republic despite criticisms that trailed the…
Large and respected institutions, including a $1 trillion company run by the richest person on earth are starting to worry about the world’s institutions, most notably the stock market and…
The Nigerian Investment Promotion Commission (NIPC), has called on the Chinese Government to intensify its support for Nigeria’s infrastructural development, especially with the Belt and Road Initiative (BRI), and the…
Oil was steady near $58 a barrel as an industry report pointed to a drop in U.S. crude stockpiles, adding to signs of easing supply. Futures in New York have…
“There’s no stopping crypto, the future and we won’t let some old fools take our future from us,” one Nigerian bitcoin user who wished to remain anonymous told CoinDesk. “We’re…
AS part of measures to promote transparency in the management of diaspora payments, the Central Bank of Nigeria (CBN) recently announced an amendment to procedures for receipt of diaspora remittances…
Economists at Goldman Sachs Group Inc on Monday bumped their U.S. GDP forecast for the second quarter up to 11% from 10% and said additional fiscal measures are likely to…
The cryptocurrency traders have commenced offline operations outside approved exchange platforms following the Central Bank of Nigeria (CBN) directive that banks close their accounts. The founder and lead, Cryptopreacher Blockchain…
Access Bank and American Express have launched a partnership to broaden the acceptance and usage of American Express Cards in Nigeria. This announcement places Access Bank as the first full-service…
NIGERIA will soon receive over 42 million doses of COVID-19 vaccines that will cover an estimated 45 per cent of the country’s population, the Federal Government said on Monday. The…