Real Time Financial News Website
Nigeria’s debt profile has been on the increase because of the impact of revenue crash and the crises trailing the coronavirus pandemic on the economy, the Debt Management Office has…
The Senate Public Accounts Committee has summoned a former managing director of the Federal Mortgage Bank of Nigeria, Mallam Gimba Kumo, to appear before it to explain the rationale behind…
The Nigerian stock market fell further last week as the market value of equities fell by N30bn. The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.13 per…
Shareholders of Guaranty Trust Bank (GTBank) Plc, at the weekend unanimously endorsed the payment of a total dividend of N3.00 per share to shareholders for the financial year ended Dec.…
Shares in South Korean auto battery maker SK Innovation Co Ltd soared on Monday after it buried the hatchet with LG Energy Solution, freeing up both firms to expand in…
U.S. Treasury auctions offering $271 billion of new debt and a key inflation report this week could end a recent lull in the bond market, reigniting a rise in yields…
Improved global demand and a favorable base effect are likely to have kept China’s exports buoyant in March, while higher oil prices will have been boosted its imports, a Reuters…
The dollar languished near 2-1/2-week lows against major peers on Monday as a decline in Treasury yields restrained the U.S. currency. The British pound sank toward a two-month low, continuing…
A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style markets at home with some eyeing Hong Kong share sales instead, as regulators tighten scrutiny of…
China’s Alibaba does not expect any material impact from changes to its exclusivity arrangements with merchants, CEO Daniel Zhang said on Monday, after regulators fined the e-commerce giant a record…
Asian shares faltered on Monday as anxious investors wait to see if U.S. earnings can justify sky-high valuations, while a rally in bonds could be tested by what should be…
DMX has died after suffering a heart attack at his home on April 2 that left him in a coma for seven days. The multiplatinum-selling rapper and actor was 50…
Sterling fell on Friday, touching a two-month low against the dollar in early London trading, and was set for its biggest weekly drop so far this year, hit by concerns…
A digital pound must be at the heart of Britain’s efforts to strengthen the City of London’s global attraction as a financial centre after Brexit, think-tank CityUnited Project said on…
FMDQ Securities Exchange Limited will soon launch a standardised market for exchange traded derivatives, a move that will deepen the financial system. FMDQ said the implementation of its derivatives market…
House of Representatives, yesterday, summoned the Registrar, Medical and Dental Council of Nigeria (MDCN), Tajudeen Sanusi, to appear before its committee on Healthcare Services, today, over the ongoing strike by…
Emmanuel Macron announced Thursday plans to scrap France’s elite ENA graduate school, which four modern presidents have attended including him, and replace it with a new institute. The Ecole Nationale…
MTN Nigeria has said that it is currently engaging the banking community to align on a longer-term pricing structure for Unstructured Supplementary Service Data (USSD) platform. MTN said this yesterday…
The HP Anti-Counterfeiting and Fraud (ACF) team said it confiscated over 4.5 million fraudulent print products, parts, and components, including large numbers of ink and toner cartridges. Glenn Jones, Head…
The International Monetary and Financial Committee, the policy advisory committee of the Board of Governors of the International Monetary Fund, has said it will introduce support for low-income countries, including…
Three Nigerian conglomerates – Dangote Group, Flour Mills and BUA Group are currently locked in a bitter war over production and export of sugar. Chairman of Dangote Group of Companies,…
Over 428 oil and gas projects are expected to be developed in Africa’s oil and gas sector before 2025, a new report said yesterday. Nigeria, regarded as one of the…
The Central Bank of Nigeria (CBN) has obtained three different court judgments from the Federal High Court, Abuja to freeze an additional 193 bank accounts belonging to corporates and individuals,…
Despite the poor performance of the Nigerian stock market in the first quarter (Q1) of 2021, the shares of Champion Breweries and Guinness rose by more than 229 per cent…
The Securities and Exchange Commission has warned the investing public on the proliferation of unregistered online investment and trading platforms facilitating access to trading in securities listed in foreign markets.…
Trading on the Nigerian Stock Exchange (NSE) continued in an upward note, yesterday, as more blue-chip stocks appreciated, resulting in a further rise in market capitalisation by N13 billion. At…
Chemical and Allied Products Plc has reported a total profit of N1.2bn for the financial year 2020, compared to N1.7bn in FY 2019. The company said in a statement on…
George Sherman may still be the CEO of meme stock poster child GameStop. But it looks like Chewy co-founder Ryan Cohen is really running the show. GameStop (GME)said Thursday that…
Bitcoin’s soaring popularity could have a long-lasting negative effect on the environment. Cryptocurrency mining requires significant computer power and electricity, and the increase in bitcoin purchases leaves behind a hefty…
The Duke of Edinburgh, the Queen’s “strength and stay” for 73 years, has died aged 99. Flags on landmark buildings in Britain were being lowered to half-mast as a period…