Real Time Financial News Website
The Federal Government recorded N485.51bn fiscal deficit in January, statistics obtained from the Central Bank of Nigeria have shown. According to the monthly economic report for January released by the…
India may build new coal-fired power plants as they generate the cheapest power, according to a draft electricity policy document seen by Reuters, despite growing calls from environmentalists to deter…
A group of investors managing $11 trillion in assets has called on banks to set tougher emissions targets ahead of a meeting of world leaders aimed at accelerating efforts to…
Coinbase Chief Executive Brian Armstrong sold about $292 million in shares in total during the cryptocurrency exchange’s first day of trading on the Nasdaq in the past week, according to…
What do you do with a $69 million artwork that doesn’t physically exist? That’s the question faced by the Singapore-based investor calling himself Metakovan, who made headlines last month when…
Audio-chat app Clubhouse closed a new Series C round of financing, the company said during its weekly town hall on Sunday, without disclosing the amount raised. A source familiar with…
The U.S. economy is set to take off this year as more Americans get COVID-19 vaccinations and become comfortable engaging in a wider range of activities, but any accompanying spike…
General Motors Co (GM.N) and South Korean joint-venture partner LG Energy Solution on Friday said they will build a second U.S. battery cell manufacturing plant, revealing plans for a $2.3…
Morgan Stanley (MS.N) lost nearly $1 billion from the collapse of family office Archegos Capital Management, the bank said on Friday, muddying its 150% jump in first-quarter profit that was…
The S&P 500 and the Dow hit record highs on Friday after Morgan Stanley wrapped up bumper quarterly earnings reports from big U.S. banks, while optimism about a solid economic…
The price of bitcoin (BTC-USD) descended from record highs on Friday following a decision by Turkey’s central bank to ban cryptocurrencies for payments. The Central Bank of the Republic of…
The Securities and Exchange Commission has said it is in discussion with the Central Bank of Nigeria on how to better understand and regulate the cryptocurrency market in the country.…
Euro zone bond yields rose on Friday, following an overnight jump in U.S. Treasury yields after a hefty rally a day earlier. U.S. Treasury yields dived to one-month lows on…
The foreign exchange (FX) liquidity crisis is eating deeper into the daily operations of the local airlines, causing airlines’ capacity to dwindle and hitting up airfares. The Guardian, yesterday, learned…
Nigerians have been struggling with some unpleasant news lately, especially from the National Bureau of Statistics. Many were however not jolted by the NBS latest reports, which showed that Nigeria’s…
The European Central Bank makes clear that the development of its “digital euro” will take several years. Yet given the geopolitical context and the potential impact, banks should better pay…
Twitter Inc (TWTR.N) failed to choose Nigeria for its first African office because the media misrepresents the country, its information minister said on Thursday, citing coverage of police reform protests…
According to the National Bureau of Statistics (NBS), Nigeria’s headline inflation rose for the 19th consecutive month to 18.17% YoY (February 2021: 17.33% YoY). The current inflation reading surpassed our…
Abuja — President Muhammadu Buhari yesterday returned to Nigeria after a 17-day medical trip to London, the United Kingdom. Buhari has also expressed the hope that the service chiefs would…
Qatar may allow foreign investors to fully own listed companies, in a move that could trigger more than $1 billion of overseas inflows. The cabinet approved a draft law that…
Nigeria’s naira gained marginally against the U.S. dollar at the I&E window of the foreign exchange market on Wednesday, data posted on the FMDQ Security Exchange where forex is officially…
The federal government may have struck gold with the plan movement of cargo from Lagos ports to inland ports across the country especially those of the southeastern part of the…
The Central Bank of Nigeria (CBN) says it is planning to include sugar and wheat on the list of import items banned from accessing foreign exchange (FX). Godwin Emefiele, governor…
The Federal Government is currently supporting private developers to provide electricity through solar energy, the Vice President, Prof. Yemi Osinbajo, has said. He disclosed this in a statement issued in…
The Federal Government on Thursday announced that it had commenced the process for the full commercialisation of the Federal Mortgage Bank of Nigeria. Part of the process was the inauguration…
The Department of Petroleum Resources has said over 43 cases in the Nigerian oil and gas industry are waiting to be looked into by the newly inaugurated Alternative Dispute Resolution…
The Kwara State Government has distributed biosecurity materials to Poultry Farmers in the State. The equipment, which comprised disinfectants, motorised sprayers, wheelbarrows, shovels, biosecurity kits and gloves among others, were…
Nigeria’s rate of inflation, which has maintained a continuous increase for more than a year, rose again in March, hitting a high of 18.17 per cent, according to data released…
The Edo State Governor, Mr Godwin Obaseki, has urged the Federal Government to take urgent steps to end the current monetary rascality, so as to prevent the prevailing economic challenge…
The Minister of Works and Housing, Mr Babatunde Fashola, on Thursday, explained how his Ministry paid N151m to the Cartil Construction Nigeria Limited for the rehabilitation of the Ife-Ifewara Road.…