Real Time Financial News Website
President Joe Biden will sign an executive order on Wednesday aimed at addressing a global semiconductor chip shortage that has forced U.S. automakers and other manufacturers to cut production and…
Facebook Inc on Wednesday pledged to invest at least $1 billion in the news industry over the next three years, days after a high-profile stand-off with the Australian government over…
Chafing from a dispute with Twitter, India plans to oblige social media companies to erase contentious content fast and assist investigations, according to a draft regulation. New Delhi’s planned “Intermediary…
Wall Street’s main indexes opened lower on Wednesday, as high-flying growth stocks continued to be pressured by valuation concerns, while some cyclical stocks gained on prospects of an economic rebound.…
The Ogun State Government has said no fewer than 7,250 Micro, Small and Medium Enterprises operating in the state will access loan facilities ranging between N10,000 and N10m from the…
International flows of migrant remittances to Nigeria, a significant source of economic support for Africa’s most populous country, suffered a 12.18 percent decline in 2020 amid the impact of the…
The Nigerian government’s repeated decision to turn to the Central Bank of Nigeria (CBN) for deficit financing of its budgets continues to generate ripples about the state of public finance…
The dollar slipped to a three-year low against the British pound and fell against commodities currencies on Wednesday as investors increased bets that a global economic recovery will boost riskier…
The Nigerian Shippers Council, NSC, and the National Insurance Company of Nigeria, NICON, have finalised measures to curb the loss of about N670 million suffered by shippers in the country…
Exxon Mobil Corp said on Wednesday it would sell its non-operating interest in its UK and North Sea exploration and production assets to private-equity fund HitecVision for more than $1…
Lowe’s said Wednesday its fourth-quarter same-store sales climbed 28.1%, as consumers spent more on home projects during the pandemic. That’s higher than the 22% growth that analysts expected, according to…
India’s largest renewable energy firm ReNew Power on Wednesday agreed to go public through a merger with blank-check firm RMG Acquisition Corporation II, in a deal that values the merged…
Stuck in space with bills to pay? Don’t worry, the satellites could take care of it. JPMorgan Chase & Co has recently tested blockchain payments between satellites orbiting the earth,…
A biotechnology company, INOVIO, says the first participant in Lassa vaccine trial has been dosed in a Phase 1B clinical trial for INO-4500, its DNA vaccine candidate for Lassa fever.…
The acting Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has arrived at the Senate for screening, The PUNCH has learnt. The 40-year-old, if confirmed, will be the…
Finnish telecom network equipment maker Nokia on Wednesday said it has won an order from Globe Telecom to build a 5G network to the Philippines’ second and third largest islands…
Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks – a costly $900 million recall that lays bare the thorny issue of…
Toshiba Corp’s top investor has renewed its call for an independent investigation into the company’s annual shareholder meeting (AGM) last year, according to a letter dated Wednesday that was sent…
Suzuki Motor Corp said on Wednesday that its 91-year old chairman, Osamu Suzuki, is retiring in June. “The corporate management direction toward 2030 and 2050 was defined. Therefore, with the…
Deutsche Bank and Mastercard said on Wednesday they would deepen their collaboration as the German lender aims for a greater share of the payments business. The partnership will seek to…
The COVID-19 pandemic left many businesses scrambling for emergency strategies to survive. While some were able to sail through, others simply gave up, sent their workers home, and shut the…
Britain’s Heathrow Airport plunged to a 2 billion pound ($2.8 billion) annual loss after passenger numbers collapsed to levels last seen in the 1970s during the pandemic. Heathrow called on…
The House of Representatives Committee on Public Accounts has stated that the Nigeria National Petroleum Corporation must account for the alleged illegal withdrawals from the Federation Account in 2017, totaling…
Cathie Wood’s Ark Invest funds added a further $124 million stake in Tesla on Tuesday as the shares closed below $700 for the first time in 2021, according to the…
Currency outside the banking system has in the past 10 years risen by over one hundred percent (100.40%), an indication that Nigerian savers are leaving the banks due to unattractive…
The steep slowdown in momentum stocks over the last week has been especially painful for ARK Invest’s Cathie Wood, the top stock picker of 2020. The $26.6 billion ARK Innovation…
The price of Automotive Gas Oil, also known as diesel, has risen to a high of N250 per litre, with businesses taking a beating on the back of rising energy…
Cassa Depositi e Prestiti (CDP) on Tuesday gave the go-ahead to submit an offer to buy Atlantia’s 88% stake in Autostrade per l’Italia unit, CDP said, after two sources told…
It was a Saturday morning when Olarika Abioye (not real name) got an unexpected message from her bank, Guaranty Trust Bank (GTBank). The message informed her of an upward review…
AXA Mansard Insurance Plc has said that its rating outlook by the global insurance rating agency, A.M. Best as stable and its Financial Strength Rating of “B+” (Good) and “bbb-”…