Real Time Financial News Website
The Federal government on Monday said the broadband penetration in the country has moved from 38% last year to 45%, with a total of 56.18million persons have been registered and…
The Federal Government yesterday said arrangements were on-going to replace the Bank Verification Numbers (BVN) with the National Identity Numbers (NIN). The Minister of Communications and Digital Economy, Dr Isa…
South Korean automaker Hyundai and its affiliate Kia on Monday denied news reports they were in talks with Apple for a joint project to make autonomous vehicles, sending their shares…
The value of transactions via digital payment platforms – Nigeria Interbank Settlement System Instant Payment System and Point of Sales terminals – rose to N162.95tn from January to December in…
Nigeria’s recovery from the impact of the COVID-19 is expected to be weak and gradual under current policies, the International Monetary Fund said on Monday. The IMF also stated that…
State-owned oil companies could squander about $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away…
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has said the passage of the Petroleum Industry Bill (PIB) currently being considered by the National Assembly will lead…
Brent, the benchmark for Nigeria’s crude oil, extended its rebound on Monday, hitting the $60 per barrel mark for the first time since the global oil market recorded its worst-ever…
Minister of Industry, Trade Investment, Chief Niyi Adebayo, has reiterated commitment of the federal government to partner with private and public investors in the sugar industry to accelerate the nation’s…
Almost everybody knows that wealth creation is a marathon race, but still many practice sprints. While a marathon focuses on the long run, a sprint focuses on the short run.…
Egypt will raise $3 billion by selling dollar bonds maturing in as long as 40 years as it seeks to take advantage of low borrowing costs and investors’ hunger for…
Watching the business news first thing is a new routine for 12-year-old South Korean Kwon Joon, as he dreams of becoming the next Warren Buffett after earning stellar returns of…
British tech billionaire Michael Lynch begins his fight against extradition to the United States to face charges over the sale of the software company he co-founded on Tuesday, in a…
If you are looking for another sign that the economy is rebounding and that average Americans are finally starting to benefit, you should check out what’s happening with financial stocks.…
Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars. And the most valuable car company on the stock market said…
European shares dipped on Tuesday as a recent rally powered by hopes of a swifter global economic recovery and vaccine roll-outs showed signs of cooling, while shares in French oil…
Exchanges and investors in cryptocurrencies have started reviewing their business strategies as the Central Bank of Nigeria (CBN) sticks to its gun, saying its restriction of transaction in the digital…
Democrats in the U.S. Congress are to release a sweeping plan on Monday to provide more than $50 billion in additional assistance to U.S. airlines, transit systems, airports and passenger…
Concise insights on global finance in the Covid-19 era not too foul. Macquarie gave investors some good news on Tuesday. Australia’s largest investment bank unveiled a relatively decent set of…
Neimeth International Pharmaceuticals Plc is set to declare its first dividend in 10 years following the 20 percent growth in revenue recorded in its financial year ended September 30, 2020.…
Asian stock markets rose on Tuesday after a record-setting day on Wall Street, while bitcoin paused for breath after an overnight endorsement from Tesla Inc sent the cryptocurrency up 20%.…
The nation’s stock market fell further on Monday, extending its losing streak to six consecutive trading sessions as profit-taking persisted. The market opened the week lower as the All-Share Index…
Reddit Inc, which has been at the heart of a recent social media-driven retail trading frenzy, said on Monday it raised more than $250 million in a new round of…
Bitcoin extended gains on Tuesday to a record high as the afterglow of Tesla Inc’s investment in the cryptocurrency had investors reckoning it would become a mainstream asset class for…
The Registrar-General/Chief Executive Officer (CEO) of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has expressed excitement at the demutualisation of the Nigerian Stock Exchange (NSE), saying the commission is…
The Federal Government at the weekend listed two new tranches of its Federal Government of Nigeria Savings Bond (FGNSB) on the Nigerian Stock Exchange (NSE), paving the way for investors…
CWG Plc, one of Nigeria’s leading information and communication technology solutions and service providers has recorded a profit after tax (PAT) of N487 million in its 2020 result, representing an…
The Nigerian stock market shed N368 billion last week following profit-taking activities by some investors after the massive gains in January. The market had appreciated by N1.1 trillion in January…
The Securities and Exchange Commission has asked all persons not registered by the commission as custodians, carrying on the business of nominee and holding securities on behalf of actual owners…
The marginal uptick in yields in the fixed income market propelled massive selloff on the equity sector of the Nigerian Stock Exchange (NSE) last week, as the NSE All-Share Index…