Real Time Financial News Website
Alphabet Inc’s Google will change procedures before July for reviewing its scientists’ work, according to a town hall recording heard by Reuters, part of an effort to quell internal tumult…
Online criminals in 2020 made away with N5.2 billion from digital banking channels such as the web and mobile, mostly through a technique known as social engineering. Social engineering is…
The Lagos Division of the Court of Appeal has dismissed an appeal filed by Facebook Inc and Facebook Ireland Limited against the judgment of Justice Ayokunle Faji of the Federal…
A recent report published by We Are Social and Hootsuite has shown that Nigeria maintains high record of internet usage, but with very low download speeds. According to the report,…
A former Glencore director said he used to fly the world carrying a bag full of cash to secure deals for the commodity trader, evidence of the industry’s longstanding history…
Nigeria will draw up a supplementary budget in March to cover the cost of COVID-19 vaccinations, for which no provision was made in the 2021 finance bill adopted in December,…
Nigeria plans to hire an asset manager for its new Infrastructure Corp. of Nigeria Ltd., designed to raise as much as 15 trillion naira ($36.7 billion) for projects and to…
Communities in Dagbala and Uneme-Erhurun in Akoko-Edo Local Government Area of Edo State are under tension following the influx of persons suspected to be foreigners to mine the gold in…
After an epic collapse last year, oil prices have tripled since April, raising inflationary pressures in emerging markets. Some central banks will have to respond, but analysis by Bloomberg Economics…
Yahoo Finance’s Brian Cheung joined Yahoo Finance Live to break down the details of Powell testifying on Capitol Hill in addition to the nationwide outage that hit the Federal Reserve’s…
The first big real-world study of the Pfizer/BioNTech vaccine to be independently reviewed shows the shot is highly effective at preventing COVID-19, in a potentially landmark moment for countries desperate…
IoT Analytics, a provider of market insights and competitive intelligence for the Internet of Things (IoT) has estimated that semiconductors are strongly outperforming technology sector. Key findings of the research…
The federal government said yesterday the country’s recent exit from recession was a direct result of its fiscal policies. Government insisted that sustained implementation of good fiscal monetary policies as…
Interest in bitcoin and other cryptocurrencies is surging and central banks don’t want to be left behind by financial innovation. Around 80 percent of the world’s central banks are examining…
The Nigeria Labour Congress (NLC) yesterday hinged its support for the planned privatisation of the country’s refineries on the process being opened, transparent and allowing every Nigerian, including workers, to…
Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum Corporation stated on Wednesday. Brent, the oil against which Nigeria’s crude is priced,…
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has urged accountant and other professionals in the financial system to utilise the whistleblower policy to report suspicious offences…
Vice President Yemi Osinbajo, Finance Minister, Zainab Ahmed, Governor of the Central Bank of Nigeria, Godwin Emefiele and Chief Executive Officers (CEOs) of banks will converge tomorrow at the Banks’…
Foremost pan-African financial and investment services group, United Capital Plc, has defied the headwinds in the operating environment to record double-digit growth across major income lines for the year that…
The market capitalisation of the Nigerian Stock Exchange for the third consecutive day on Wednesday posted further growth increasing by N27bn. The News Agency of Nigeria reported that the market…
Trading on the floor of the Nigerian Stock Exchange (NSE) continued in an upbeat manner yesterday, occasioned by bargain hunting in the shares of some blue-chip companies, causing market capitalisation…
Raising interest rates too abruptly could jeopardise economic recovery, European Central Bank board member Isabel Schnabel said in an interview published on Thursday, adding there would be no unwarranted tightening…
France’s Neoen has won A$160 million ($128 million) in cheap finance from the Australian government to help fund what will be one of the world’s biggest batteries, which it said…
Global stocks jumped on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low for a long time, calming market fears that higher inflation might prompt…
The Chinese yuan and the Japanese yen have been included in the regulatory currency structure of Russia’s National Wealth Fund (NWF), the country’s Finance Ministry announced Wednesday. The yuan accounts…
Police in China are warning that digital yuan-themed scams are starting to appear in the country with more regularity – as opportunistic fraudsters attempt to trick citizens out of their…
Amid market expectations the Fed may be forced to tighten monetary policy sooner than expected, top U.S. central bankers delivered a simple message to investors fixated on rising U.S. bond…
THE Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has disclosed that Nigeria is presently losing about 200,000 barrels of crude oil daily to thieves…
Oil prices climbed on Wednesday to fresh 13-month highs after U.S. government data showed a drop in crude output after a deep freeze disrupted production last week. U.S. crude oil…
Volvo cars are known for being dependable and dull. Less so the Swedish brand’s Chinese owner Zhejiang Geely Holding. On Wednesday it executed a screeching about-turn on plans to merge…