Real Time Financial News Website
A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has faulted the recent action of the apex bank that Deposit Money Banks should desist from transacting in…
Up to 750,000 older people have refused to pay for a television licence after losing their right to a free one, figures suggest. That equates to a £117 million deficit…
Companies will have borrowed more than £60 billion to help them to survive the pandemic by the end of this year, according to forecasts that lay bare the precarious state…
Renesas Electronics Corp has agreed to buy Dialog Semiconductor for 4.9 billion euros ($5.9 billion) in cash, boosting its position in low-power technology and connectivity across smart devices, cars and…
Royal Dutch Shell and renewables firm Eneco, owned by Japan’s Mitsubishi Corp, will provide Amazon.com Inc’s European facilities with electricity from an offshore wind farm, they said on Monday. Retail…
Dogecoin is surging after billionaire Elon Musk and a number of celebrities appeared to back the cryptocurrency on Twitter. The meme-inspired token rallied 65% in 24 hours to a record…
European stocks were higher Monday with markets tracking positive sentiment in Asia and the U.S. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE 6535.92 46.59 0.72 188077167…
Marketers have said with the current realities in the global crude oil markets, the price of Premium Motor Spirit (petrol) in Nigeria should be between N185 and N200 per litre,…
The Federal Government may soon be on a collision course with Nigerians over its plan to seek a US$1 billion loan for the rehabilitation of the 210,000 barrels per day…
Stakeholders in the telecom space have called for further extension of the National Identification Number and Subscriber Identity Module integration exercise by six months. They noted that the eight weeks…
Before COVID-19 triggered a collapse in crude oil prices and demand last year, several big-ticket oil and gas projects in Nigeria had been hanging in the balance. In this report,…
Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production. Such limitations on supply would…
The dollar nursed losses against most currencies in subdued trade on Monday as disappointing U.S. jobs data caused some investors to scale back bets on a rebound in the greenback.…
Transactions in cryptocurrencies are largely speculative, volatile and should be discouraged, the Central Bank of Nigeria (CBN) says. The apex bank gave the explanation in a statement on its official…
Stocks in Asia-Pacific were mostly higher on Monday, as investors monitored shares of China’s tech giants following the release of new anti-monopoly guidelines over the weekend. Chinese tech shares were…
Oil prices rose on Monday, with Brent futures nearing $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures to boost demand.…
The dollar nursed losses against most currencies on Monday as disappointing U.S. jobs data caused some investors to scale back bets on a rebound in the greenback. The euro held…
Asian shares hovered near record highs on Monday while oil surpassed $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon…
South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with…
U.S. Treasury Secretary Janet Yellen said on Sunday that it is too soon to say whether new policies or regulations are needed to deal with recent market volatility. “We really…
China’s Wanda Group, the major shareholder in AMC Entertainment Holdings Ltd, conducted a share conversion to permit sales of its stock in the cinema operator, a target of the recent…
SoftBank Group Corp on Monday recorded an 844 billion yen ($8 billion) profit at its Vision Fund unit in the three months to Dec. 31 compared with a loss a…
Investors from Belgium have expressed interest in the National Maritime Transport Policy being developed by Nigeria. Executive officers of the Port of Antwerp International, a Belgium port, stated this in…
Royal Dutch Shell has disclosed possible outright exit from onshore terrain due to persistent challenges associated with crude oil theft and sabotage in Nigeria’s Niger Delta. This, the oil major…
Nigerian equities traded negative all through the week to close weekend with a net capital depreciation of N368 billion. Benchmark indices for the Nigerian equities market showed negative average return…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has given its backing to the Central Bank of Nigeria’s (CBN) policy mandating banks to close accounts belonging to cryptocurrency…
Nigeria’s failure to develop its methanol industry over the years, despite an abundance of gas resources, left manufacturing companies with no choice but to import 100 per cent of their…
Money for nothing. That’s what a fast growing array of financial products dubbed flash loans are promising the crypto faithful. The practice is the latest attempt by the digital-asset crowd…
Britain will not introduce COVID-19 vaccine passports, but people will be able to seek proof from their doctor if needed for travel to other countries, vaccine deployment minister Nadhim Zahawi…
Citing the Central Bank of Nigeria’s (CBN) plan to settle February 24 Non-Deliverable Forwards (NDFs) at N412.14 on the official market, analysts at leading provider of currency trading solutions, AZA,…