Real Time Financial News Website
People’s Bank of China in Beijing. The central bank vowed to increase currency flexibility. Photographer: Qilai Shen/Bloomberg , Bloomberg (Bloomberg) — The yuan is hurting after months of standing tall…
Governments at all levels as well as operators of private organisations have been advised to increase both leadership and economic opportunities for women. This formed part of the recommendations given…
Canadian Imperial Bank of Commerce Chief Executive Victor Dodig urged policymakers to focus on measures to boost the supply of homes amid calls for them to intervene to cool a…
The recent news of the demutualisationof the Nigerian Stock Exchange flooded the markets with great excitement following its long anticipation. But while a welcome development, a lot of investors still…
Tasktop Technologies Inc said on Thursday it had raised $100 million in a funding round led by technology-focused private equity firm Sumeru Equity Partners. The company, which makes software-development tools,…
UAC Plc has recorded capital returns of N7.1 billion for its shareholders in the audited financial year ended December 31, 2020. The audited results for the year under review according…
The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend, the News Agency of Nigeria reports.…
Microfinance banks in Nigeria will not be able to meet up with recapitalisation requirement of the Central Bank of Nigeria, within the proposed time, because of the effect of the…
Futures tracking the Nasdaq jumped about 1% on Thursday, as tech-related stocks climbed ahead of weekly jobless claims data, while reassurance that the Federal Reserve will maintain its ultra dovish…
The city of Beijing aims to have over 10,000 fuel cell vehicles on the road and build 74 hydrogen filling stations by 2025, as the Chinese capital maps out an…
Europe’s ambition to make the most powerful computer chips risks wasting billions of euros, a German think tank said in a report on Thursday, urging policy makers to focus instead…
The U.S. dollar traded near its lowest in more than two weeks versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve’s March policy meeting…
Pope Francis has told world financial chiefs that poor countries hit by the economic impact of the coronavirus need to have their debt burden reduced and be given a greater…
For years, world leaders have been trying to launch a historic overhaul of global tax rules, aiming to tackle an unwieldy system rife with loopholes long exploited by big business.…
Nigeria Labour Congress (NLC) has suspended its proposed industrial action after accepting the Kano State Government’s decision to revert salaries of workers for the month of March to the old…
The physical restrictions of the coronavirus pandemic have hammered home to us all just how much we need digital services when real life is on hold. From online education to…
Jaiz Bank Plc, a non-interest bank in Nigeria, said its profit before tax rose by 45.31 per cent to N3.07bn as of the end of 2020 financial year, from N2.11bn…
The London Stock Exchange Group said on Thursday it was investigating a lengthy outage at its newly-acquired Refinitiv market data unit. The outage at Refinitiv’s Eikon platform for market prices…
China’s push towards carbon neutrality as well as its growing manufacturing might will allow electric vehicles (EV) to compete equally with standard cars by 2030 and drive the sector to…
The Naira extended its depreciation against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange (FX) market on Wednesday. Business Post reports that the Naira…
As part of measures to curb road traffic crashes (RTC), the Dangote Cement Plc has launched a drivers’ training centre at the Dangote Cement Plant (DCP) at Obajana, Kogi State.…
French exports to Britain picked up 4% in February but were still at only 84% of the monthly average of the second half of 2020, as post-Brexit trade rules continued…
The Managing Director/Chief Executive Officer of Sujimoto Group, Sijibomi Ogundele, has disclosed his company’s plans to complete 80 malls, hotels and residences, with an estimated portfolio worth over $10bn by…
The Nigerian Union of Pensioners, Federal Airports Authority of Nigeria branch, has concluded plans to embark on a nationwide protest with effect from May 4, 2021 should FAAN management fail…
The Minister of Agriculture and Rural Development, Sabo Nanono, on Wednesday in Benin disclosed that Nigeria generated $150m from the export of coconut oil and its derivatives in 2020. Speaking…
The President, World Bank Group, Mr David Malpass, said the group is working actively in collaboration with the International Monetary Fund on the common framework that the G20 established for…
President of Dangote Group, Alhaji Aliko Dangote, on Wednesday said government could not function without tax payment, increase Value Added Taxes and charging the right prices on petrol products. Dangote…
The Central Bank of Nigeria on Wednesday said it got an order from the Federal High Court, Abuja division, to freeze 11 bank accounts to enable it conduct investigations into…
Amsterdam-based technology investor Prosus NV has netted $14.6 billion from the sale of a 2% stake in Tencent Holdings Ltd, the Chinese gaming and social media giant said, in one…
-Production of some of Apple Inc’s MacBooks and iPads has been postponed due to a global component shortage, the Nikkei reported on Thursday. Chip shortages have caused delays in a…