Real Time Financial News Website
U.S. asset manager BlackRock and Canada’s Brookfield Asset Management Inc are no longer in the race to buy a stake in Saudi oil giant Aramco’s pipeline business, two sources familiar…
Azman Air has reshuffled a number of appointments amongst its management cadre following the recently concluded audit of the airline by the Nigerian Civil Aviation Authority. In a letter signed…
Europe’s benchmark equity index hit a record high on Tuesday, recovering all of its pandemic-driven losses as investors bet on a speedy global economic recovery, spurred by bumper stimulus spending…
Stocks hovered near a record high on Tuesday, supported by strong economic data from China and the United States, while currency and bond markets paused for breath after a month…
Sterling Bank Plc, a full service national commercial bank, said it recorded N12.4bn profit before tax in the financial year ended 31 December 2020. It disclosed this in a statement…
The Centre for Peace and Environmental Justice on Monday said the failure of Chevron Nigeria Limited to accept responsibility for the Gbaramatu oil spill was to undermine the wellbeing and…
Five of the major oil marketing companies in the country saw their total revenue plunge by N331.54bn last year amid the impact of the COVID-19 pandemic. The companies, including Total…
A total of 2,210 workers withdrew N3.18bn from their Retirement Savings Accounts with their respective Pension Fund Administrators in six months after making additional voluntary contributions, the National Pension Commission…
The debts of four states exceeded their net revenues by more than 400 per cent, the Fiscal Responsibility Commission has said. The states are Lagos, Osun, Cross River and Ogun.…
The Ogun State Government says it took its diligence to discover an alleged hidden additional N50bn domestic debt left behind by the immediate-past administration of Senator Ibikunle Amosun. Abiodun said…
Dolce & Gabbana is not in talks with French luxury group Kering over a possible tie-up, the chief executive of the Italian fashion company said in an interview published on…
– Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai, its first expansion into the Middle East region. Founded in…
A U.S. auto industry group on Monday urged the government to help as it warned the global semiconductor shortage could result in 1.28 million fewer vehicles built this year and…
Credit Suisse Group AG will on Tuesday detail losses from its relationship with Archegos Capital Management LP after dumping over $2 billion worth of stock to end exposure to the…
The dollar sank to an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with retreating Treasury yields from recent peaks despite signs of a…
In its latest Africa Pulse Report for April 2021 titled, ‘COVID-19 and the Future of Work in Africa: Emerging Trends in Digital Technology Adoption’, the bank said Nigeria’s oil sector…
Most Canadians prefer the Bank of Canada’s existing inflation targeting mandate to any other alternative frameworks, even though there appears to be an appetite for flexibility. That’s one of the…
When Nigerian office worker Chigoziri Okeke bought cryptocurrency for the first time in 2016, he was only looking to make an online payment. But the 10% gain on his wallet’s…
The Minister of Communication and Digital Economy, Dr Isa Pantami, on Thursday warned that Nigerians who do not have National Identity Numbers risked imprisonment. He also ruled out lifting ban…
The implementation of the Nigerian Ports Process Manual (NPPM) has recorded some progress with the decision to stop indiscriminate boarding of vessels calling at the nation’s ports by security agencies.…
Recently the federal government announced the designation of five international airports as free trade zones to support the implementation of both the African Continental Free Trade Area (AfCFTA) and Single…
A group consisting of some of the world’s most powerful oil producers on Thursday decided to gradually curb existing output cuts beginning next month. Starting in May an additional 350,000…
Some of the world’s biggest banks are urging a U.S. judge not to immediately terminate Libor after a group of borrowers filed suit claiming the benchmark was the work of…
BEIJING — China’s central bank warned on Thursday of financial risks in the country that have accumulated over the years, as well as shocks from overseas uncertainties. These risks include…
The country’s foreign reserves continued its downward trend, losing $178m in March, figures obtained from the Central Bank of Nigeria revealed on Thursday. The reserves which stood at $34.99bn as…
To address the short-term liquidity challenges in the sub-sector, microfinance banks in Nigeria, in collaboration with Microfinance Development Company Limited (MDCL), on Wednesday floated the inter-member liquidity placement platform and…
Comptroller General of Nigeria Immigration Services Muhammad Babandede has disclosed that diaspora Nigerians who could not travel back home due to closure of some missions abroad in line with Covid-19…
Fresh off its hiking of transfer charges on USSD and just over a year after the Nigerian government somewhat pardoned it for not paying over $2 billion in dodged taxes,…
Backed by a $2 trillion U.S. government spending plan, the dollar consolidated its first-quarter gains on Thursday, holding near multi-month highs while a new lockdown in France weighed on the…
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday disclosed that the Federal Government has succeeded in recovering N49.7billion out of its N5.2trillion debt. Ahmed disclosed this…