Real Time Financial News Website
The Federal Government has re-introduced a nationwide 12am to 4am curfew as part of efforts to curtail further spread of COVID-19. The National Incident Manager, Mukhtar Mohammed, disclosed this at…
The Securities and Exchange Commission has said it will register and actively monitor brokers selling stocks for foreign companies in furtherance of its mandate of ensuring investor protection and market…
Agency banking is one of the models being used by commercial banks to reach the unbanked across the nooks and crannies of the country. But it is facing new challenges…
Friday’s worse-than-expected U.S. employment data saw the Bloomberg Dollar Spot Index drop decisively below its 2021 uptrend, putting it back to little changed for the year. The biggest one-day slide…
As China moves closer to rolling out the world’s first major sovereign digital currency, speculation over the global implications has reached a fever pitch. Historian Niall Ferguson is calling the…
The bronze plaques from his birthplace looked strange at the British Museum. Enotie Ogbebor, a visiting artist, knew they were cultural treasures. West African sculptors had crafted them over six…
The federal yesterday indicated that it is considering extending the current equalisation scheme in the petrol supply system in the country to the movement of gas across the country to…
The pound strengthened after the Scottish National Party’s election showing pushed back the risk of a near-term vote on independence, yet traders are bracing for further clashes over the U.K.’s…
Nigeria’s trade deficit rose from $1.69bn in December 2020 to $2.51bn as of the end of January 2021 despite the reopening of the borders, statistics made available by the Central…
Nigeria’s revenue earning capacity has come under threat following the reduction of importation of crude oil by India. India, Nigeria’s largest crude oil importer, reduced crude oil imports by $39.5bn…
The pound broke above the key $1.40 level for the first time in more than two months on Monday, reaching as high as $1.40725 in early London trading, despite a…
As the Senate Committee on Finance continues its investigations into revenue remittances by over 700 Ministries, Departments and Agencies(MDAs) of federal government, the committee chairman, Senator Solomon Adeola (APC, Lagos…
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has reiterated the apex bank’s commitment to provide more loans to the youth. The bank chief urged youths to embrace agriculture,…
The persistent scarcity of foreign exchange in the country is largely responsible for the multiple exchange windows, an anomaly that is impacting severely on the economy. The foreign exchange channels…
The shutdown of America’s largest fuel pipeline after a cyberattack is threatening to send gasoline prices to the highest in seven years as suppliers work to stave off shortages from…
Nigeria is expected to deepen its foreign exchange (forex) earnings with the impending listing of Dukia Gold’s diversified financial instruments on the Lagos Commodities and Futures Exchange (LCFE). The Dukia…
The Central Bank of Nigeria is working with the International Institute of Tropical Agriculture, government agencies and private firms to halt the rejection of crops produced in Nigeria by other…
For most businesses dependent on importation of some kind, increase in import tariffs remains a sore point as well as disincentive to business, reports Ibrahim Apekhade Yusuf Container shipping rates…
The Federal Reserve is warning that the U.S. financial system remains vulnerable to threats stemming from the global pandemic, including the possibility of a sharp rise in global interest rates…
Bitcoin rose 6.8% to $56,852.03 by 1000 GMT on Wednesday, adding $3,622.23 to its previous close. However, the world’s biggest and best-known cryptocurrency is down 12.4% from the year’s high…
Tencent Holdings Ltd (0700.HK) is negotiating agreements with a U.S. national security panel that would allow it to keep its ownership stakes in U.S. video game developers Riot Games and…
The U.S. securities regulator is considering measures to require big investors to disclose more about short positions, or bets that stocks will fall, use of derivatives to bet on other…
The U.S. Centers for Disease Control and Prevention (CDC) has begun a key step for the eventual resumption of U.S. cruise industry operations by issuing new technical instructions. In October,…
The Dow Jones Industrial Average ended at a record high on Wednesday, while Nasdaq gave up its earlier gains and closed in red. Energy (.SPNY) and materials (.SPLRCM) continued this…
WASHINGTON — The Biden administration announced Wednesday that it supports waiving intellectual property protections for Covid-19 vaccines, as countries struggle to manufacture the life-saving doses. “This is a global health…
CNBC’s Jim Cramer said Wednesday he trimmed some of his ether holdings after the world’s second-largest cryptocurrency by market value notched a series of record highs. “I sold half my…
Jeff Bezos’ space venture Blue Origin will launch its first astronaut crew to space on July 20, flying on its space tourism rocket called New Shepard, the company announced Wednesday.…
Facebook’s self-created “supreme court” refused to do the company’s dirty work when it handed down a decision on the platform’s indefinite ban of former President Donald Trump. Facebook was right…
If you order potato chips, toothpaste or over-the-counter medication through the Uber Eats app, it will soon be fulfilled and delivered by start-up Gopuff. The two Softbank-backed companies announced a…
Uber beat estimates on the top line and dramatically improved its net losses in its first quarter, but missed on revenue. Shares initially gained in after-hours trading before dipping more…