Real Time Financial News Website
A total of 56.18 million National Identity Numbers have been collected by the mobile network operators and submitted for linkage with their respective Subscriber Identification Modules. Also, the ongoing NIM-SIM…
Uber’s future used to be self-driving cars. Now it’s delivering alcohol. On Tuesday, the company announced that it is acquiring alcohol delivery startup Drizly for $1.1 billion in stock and…
The Federal Government has urged the African Union Commission and all its international partners to support Nigeria’s call for creating an African Single Digital Market (ASDM). The Minister of Communications…
Last year was looking like a record breaker for Chris Wiseheart’s transport company in Prague. Wiseheart, originally from Detroit, had built the business over nearly two decades from an airport…
AS members of the Organisation of Petroleum Exporting Countries, OPEC, and non-members commit to oil output cut, oil prices, Tuesday, rose to over $57 per barrel in the international market.…
European stock index futures fell more than 1% on Friday, tracking declines in Asian and U.S. equity markets on caution around a retail trading frenzy that gripped Wall Street this…
The process will put into play a business which has held government contracts ranging from prisoner transportation for the Ministry of Justice to maintenance of the UK’s rail and road…
The federal government is gearing up for the sale of recovered assets, including vehicles, boats, ships, plants and machinery as well as electronics and furniture, as part of efforts to…
The Nigerian Economic Summit Group (NESG) has projected that the Nigerian economy would grow by 2.9 per cent in this year and achieve a sustained high growth rate up to…
Oil climbed to the highest level in over a year as tightening global supplies and signs of strength in physical markets aided crude’s virus-recovery rally. Futures rose 2.3% in New…
The Federal Government and the organised labour will reconvene on February 22 for the consideration of the reports of the bipartite technical committees on fuel price and electricity tariff. The…
Amazon has been handed a major legal victory in its fight to block a multibillion-dollar deal between two of India’s biggest retailers. A court in the country’s capital, New Delhi,…
Amazon founder Jeff Bezos will step down from his role as chief executive later this year and transition to the role of executive chair, the company said Tuesday. He will…
BEIJING, Feb 3 (Reuters) – China shares ended lower on Wednesday, as profit-taking in tech stocks with high valuations outweighed gains in automakers on expectations of strong sales growth this…
Goddy Egene writes that the 5.3 per cent gain recorded by the equities market in January is a positive development that is capable of attracting more investors In line with…
The Canadian dollar strengthened against its U.S. counterpart and all the other G10 currencies on Tuesday, as oil prices climbed to a one-year high and the prospect of more U.S.…
George Osborne is perhaps best-known for cutting government spending far too quickly as British finance minister from 2010 to 2016. His imminent move to M&A boutique Robey Warshaw, announced late…
LISBON, Feb 2 (Reuters) – Portugal’s economy shrank 7.6% last year, its biggest annual slump since 1936, and the government warned that the outlook for recovery was deteriorating because the…
GameStop shares sank on Tuesday and a silver buying spree led by small investors subsided as the Reddit-driven trading frenzy that has shocked global financial markets over the past week…
The European Union’s statistics office Eurostat said that according to its preliminary flash estimate, gross domestic product in the 19 countries sharing the euro fell by 0.7% quarter-on-quarter, for a…
James Villalobos, a communications consultant for an insurance company in New York, downloaded the Robinhood online brokerage app back in September. He was hesitant about getting involved in the stock…
Wall Street’s main indexes opened higher on Tuesday, building on the previous session’s momentum, as investors anticipated strong results from Amazon and Google-parent Alphabet while also looking for signs of…
Loss of privacy to social media platforms is at the heart of debates today on communication technologies and how these are changing how people live, work and love, tech giants…
Africa’s mobile fraud losses will continue to rise above last year’s $4billion to peak at a record $5billion by the end of this year, Paris-based anti-fraud campaigner, David Lotfi has…
Among the challenges in Nigeria’s troubled economy lie some opportunities. Access to cheap capital amid low-interest-rate environment is one of the few gains available to large corporates in this pandemic…
Nigeria holds as much as $900 billion worth of dead capital locked up in residential real estate and agricultural land, including federal government’s abandoned properties estimated at N230 billion, said…
The non-performing loans in the banking sector rose by N333bn as of the end of the third quarter of 2020 to N1.5tn at the end of 2020. These were as…
In the next 90 days, the Nigerian Commodity Exchange (NCX) will be repositioned to boost production of farmers. This will give farmers direct access directly to the buyers at the…
As the Central Bank of Nigeria(CBN) puts the current level of the nation’s external reserves at $36.39 billion, analysts have warned that the offshore savings may plunge below $30 billion…
Union Bank of Nigeria (UBN) Plc, Transcorp and UBA Plc were the most active stocks yesterday as the stock market resumed this month’s trading on a bearish note. The market…