Real Time Financial News Website
The Economic Community of West African States (ECOWAS) Authority of Heads of State and Government, has thrown its weight behind Nigeria’s quest to head the African Union (AU) Commission for…
StarHub and Nokia are to deploy a cloud-native core network for standalone (SA) 5G services scheduled for launch this year, giving the Finnish vendor a second key core contract in…
Covid-19 pandemic has changed the world & has created a new working standard for many jobs. Adoption of using internet for work & personal use has increased much faster than…
Facebook has announced the launch in Nigeria of a marketplace, a convenient destination where people can discover, buy and sell items from others in their local communities. According to a…
Non-Agile organizations will face adverse consequences in today’s business environment where technology deployment and usage define organizational efficiency and profitability, the Managing Director/ CEO Financial Institutions Training Centre (FITC), Chizor…
A recent survey by PwC has shown 92 per cent public support for Nigeria’s Finance Act 2020. On the changes to existing laws from the Finance Act, the survey showed…
New document to take effect in Q4 2021 Following concern over sovereign debts, the International Monetary Fund (IMF), has reviewed its debt sustainability framework for Market Access Countries (MAC). The…
SINGAPORE — Shares in major Asia-Pacific markets slipped on Thursday, with South Korea leading the losses. The Kospi in South Korea declined 1.35% to close at 3,087.55. Mainland Chinese stocks…
Millions of workers in the U.S. could be in for a pay raise as Democrats move to pass a $15 federal minimum wage without Republican support. Both President Joe Biden’s…
The dollar strengthened to two-month highs against the euro and yen, after data pointed to an improvement in the U.S. economic outlook, while risk appetite in global stock markets eased…
Gold and silver slipped on Thursday, as the dollar and U.S. Treasury yields gained and markets awaited clarity on U.S. fiscal stimulus measures and the Bank of England’s policy outlook.…
In recent years, the mere mention of Deutsche Bank’s wholesale business has been enough to elicit a titter from rival bosses. They assumed that Chief Executive Christian Sewing’s 2019 decision…
Deutsche Bank eked out a small annual profit in 2020, its first since 2014, saying on Thursday it had made strong gains at its investment banking division. Over the past…
Nigerians may have to wait for another three weeks to get the decisions of the report of the technical committes set up by the Federal Government on the increase in…
The Federal Government in collaboration with the World Bank have commenced the process to rebase Nigeria’s Gross Domestic Product. Experts describe GDP as the final value of the goods and…
The Nigerian Stock Exchange has described the capital market as a viable source of funding for Small and Medium Enterprises, saying it continues to support the growth and development of…
The Securities and Exchange Commission (SEC) has released rules for collective investment schemes (CIS) prescribing that units of a collective investment scheme shall be registered by the Commission. According to…
As China sharpens its antitrust crackdown on the country’s massive tech companies, two of the industry’s biggest players are taking the fight to each other. Douyin — the Chinese version…
Amazon founder Jeff Bezos will transition from CEO to executive chair and pass the reins to Andy Jassy, a 24-year Amazon veteran, later this year, the company announced Tuesday. Though…
Investors lost N20bn on Wednesday as the nation’s stock market extended its decline to the third consecutive trading session amid profit-taking. Five insurance stocks were among the top six losers…
Earlier this month, 10 payloads were lofted on the Virgin Orbit rocket, which was launched from under the wing of one of the entrepreneur’s old 747 jumbos. Sir Richard is…
The company founded by Jack Ma saw revenues up 37% against the same quarter of 2019 to 221bn yuan ($34.2bn, £25bn). But the results come amid continued uncertainty over the…
As revealed by the National Bureau of Statistics (NBS), the IT sector in Nigeria thrived tremendously, despite the challenges witnessed by other sectors of the economy. It not only contributed…
Suspected Chinese hackers exploited a flaw in software made by SolarWinds Corp to help break into U.S. government computers last year, five people familiar with the matter told Reuters, marking…
According to the Manufacturers Association of Nigeria (MAN), the depreciation in value of the Naira reduces manufacturing production, as observed in the various foreign exchange crises, adding that high cost…
Canadian government and businesses have expressed willingness to partner with Nigeria in achieving clean and sustainable energy solutions. Canadian High Commissioner, Nicolas Simard gave the assurance during a facility tour…
United States Treasury Secretary Janet Yellen is calling a meeting of top financial regulators this week to discuss market volatility driven by retail trading in GameStop Corp and other stocks,…
The drive to enthrone a digital economy in Nigeria may not be impactful without adequate and thorough research. This is according to the Director, World Bank Sponsored Africa Centre of…
A prototype of a SpaceX rocket the company hopes will one day journey to the moon and Mars has exploded in a roaring ball of flames as it tried to…
No one likes doing their taxes. But there is very good reason for everyone to file a federal tax return this year, even if your 2020 income was so low…