Real Time Financial News Website
China’s central bank injected medium-term loans into the banking system on Thursday, while keeping the interest rate unchanged for a whole year. The People’s Bank of China (PBOC) said in…
The Russian rouble was down about 1.3% against the dollar after earlier losing 2% on Thursday, giving up gains made earlier this week as the threat of U.S. sanctions on…
The Consumer Price Index (CPI) which measures inflation further increased by 18.17 per cent in March compared to 17.33 per cent in the preceding month. According to the CPI Report…
The difficulties faced by many investors in Nigeria in accessing foreign exchange for importation of raw materials, equipment and some critical inputs for production and processing is putting investments and…
Lagos — More foreign investors may dump Nigeria for neighbouring countries in the next couple of months as the harsh operating environment occasioned by unstable power supply, policy inconsistency and…
The Canadian dollar edged higher against its U.S. counterpart on Wednesday as oil, one of Canada’s major exports, rallied and ahead of a Bank of Canada policy meeting next week…
ECONOMY The Central Bank of Nigeria, CBN, has called on bureaux de change (BDCs) directors to improve on their corporate governance responsibilities and ensure compliance with regulatory requirements. Dalahatu Abubakar,…
Bureau De Change(BDC) operators are already pulling a turnover of N1 trillion annually, hence, demanding that they should allowed to play the remittance end of foreign exchange market in the…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to make Bureaux De Change (BDC) operators payout agents for the Diaspora…
For years, Wall Street turned up its nose at America’s bank stocks. Now, the sector is getting tons of love as investors eye the economic recovery, which is set to…
The Senate on Wednesday confirmed the appointment of Dr. Halilu Shaba as the Director-General of the National Space Research and Development Agency. The red chamber gave the approval following the…
A former Military Administrator of Oyo State, Colonel Ahmed Usman, is dead. He was said to have died around 3.00am on Wednesday in Jos, the Plateau State capital, during an…
-JPMorgan Chase & Co’s earnings jumped almost 400% in the first quarter, blowing past estimates as the largest U.S. bank released more than $5 billion in reserves it had set…
Truckmaker Iveco, electric and hydrogen vehicle maker Nikola and German gas network operator OGE said on Wednesday they entered a preliminary agreement to support hydrogen distribution for fuel-cell electric vehicle…
The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to the partnership with the Government of Kebbi State on the production of biofuels. Describing the project as viable and…
The Nigerian Agricultural Insurance Corporation (NAIC) said it paid a total of N1.7 billion claims to over 5,000 farmers in the past two years. NAIC, which is the only federal…
The National Pension Commission (PenCom) has attributed the N58 billion decline in total pension assets from an all-time high value of N12.306 trillion as of December 2020, to the latest…
Uber and Mastercard have extended their partnership with a new strategic initiative focusing on digital payments and advancing financial inclusions. The initiative will be facilitated by Mastercard across the Middle…
The Kano State Governor, Mr. Abdullahi Umar Ganduje, has commenced the disbursement of N148 million upkeep grants for 1,400 public secondary schools across the state. Ganduje explained yesterday that his…
The Central Bank of Nigeria (CBN) has asked all development finance institutions (DFIs), microfinance banks (MFBs), primary mortgage banks (PMBs) and finance companies (FCs) in the country to register on…
The South African government’s downpayments to Johnson & Johnson (J&J) and Pfizer for COVID-19 vaccines are not refundable under any circumstances, its health minister said on Wednesday, describing the condition…
Retail investors in mutual funds pay costs that are 40% higher than big institutional investors pay, making it harder for the European Union to attract broader support for its capital…
Between 2009 and 2014, Walmart’s Marketplace business, where outside merchants hawk everything from baby blankets to power tools, counted no more than six sellers, and was described by one expert…
Just as long-dormant inflation finally rears its head again, there are some signs that financial markets may already have overestimated the impact – or at least the response. One of…
First Bank of Nigeria Limited said it will sensitise individuals and businesses with useful information on how to be protected in today’s digital age. It said this in a statement…
As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSME) in the continent, Pan African financial Institution, United Bank for Africa (UBA)…
The Lagos State Muslim Pilgrims Welfare Board has said that the least amount to be paid for participation in the 2021 Umrah (lesser hajj) in Saudi Arabia is N1.37 million.…
The Nigerian National Petroleum Corporation on Tuesday announced a 37.21 per cent decrease in cases of pipeline vandalism across the country in the month of January 2021. It announced this…
Manufacturing sector’s intervention funds disbursed by the Central Bank rose to N803bn as of February. Figures obtained from the CBN reports on the Monetary Policy Committee revealed this on Tuesday.…
The National Pension Commission refunded N848.92m to 3,499 retirees under the Contributory Pension Scheme and allowed them to leave the system due to low balances in their Retirement Savings Accounts…