Real Time Financial News Website
The Canadian dollar strengthened against its U.S. counterpart on Thursday, moving closer to a recent 6-year high, as oil prices rose and investors awaited U.S. inflation data on Friday that…
Emerging market currencies touched new highs on Friday but a rising dollar ahead of U.S. inflation data tempered gains, with Turkey’s lira hitting all-time lows. The greenback moved further away…
The Turkish currency sank to a record low, weighed down by rising U.S. yields and concern that monetary policy remains too loose to contain accelerating inflation. The lira slid as…
The dollar strengthened further on Friday following its rise from more than four-month lows in recent sessions, as investors waited for U.S. inflation data to set the currency’s direction. The…
China has dialed up its rhetoric about surging commodity prices and a strong currency with almost daily commentary by officials and in state media in the past two weeks, a…
The World Bank has approved a $700 million loan for the Nigeria Sustainable Urban and Rural Water Supply, Sanitation and Hygiene Programme (SURWASH). In a statement released yesterday, the bank…
Oil extended gains from the highest close in more than two years as optimism over burgeoning U.S.-led demand outweighed the concern that Iranian supplies will jump should sanction on official…
Association of Bureaux De Change Operators of Nigeria (ABCON) has urged Bureaux De Change (BDC) to carry out their operations in line with sound corporate governance practices for sustainable growth…
Cathie Wood is going against the grain yet again — this time on inflation. The founder and CEO of Ark Investment Management said Thursday that she is not worried about…
The latest earnings report from Nvidia should help the semiconductor giant’s stock continue its hot streak, according to Bank of America. The chipmaker beat expectations on the top and bottom…
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. France’s statistics agency cut its estimate of economic output at the start of the…
Despite being the world’s largest producer of cassava, Nigeria imports over $580 million worth of cassava by-products annually. To keep this money from leaving Nigeria, the Central Bank of Nigeria…
The Chairman of Dangote Sugar Refinery(DSR) Plc Aliko Dangote, has urged government to faithfully follow through the Backward Integration Policy (BIP)in the sugar industry as the nation stands to rake…
Major cryptocurrencies plunged into the red on Friday morning as the crypto market continues its volatility since last week’s massive sell-off. Bitcoin (BTC-USD) fell back below $40,000 (£28,195) during the…
An American assets recovery firm, Forensic Assets Investigation and Recovery Services LLC, has traced $69bn (about N28.3tn) to different Texas bank accounts accrued from illegal oil deals by the Nigerian…
The pound (GBPUSD=X) rose against the dollar on Thursday afternoon, after Bank of England (BoE) policymaker Gertjan Vlieghe said it was possible that UK interest rates could rise sometime next…
The yuan’s rally gathered pace on Thursday, with the Chinese currency rising to its strongest level since March 2016 against a basket of trading partners. The yuan rose 0.22% versus…
Nigeria’s president has appointed a new army chief, the ministry of defence said in a statement on Thursday, following the death of the military head’s predecessor in a plane crash…
The country’s debt rose by N20.8tn between July 2015 and December 2020, data obtained from the Debt Management Office on Wednesday showed. This period corresponds with the Presidency of Major…
Against the backdrop of the recent devaluation of the naira by the Central Bank of Nigeria, economic and financial experts have said the poverty level in the country will increase.…
The Minister of State, Industry Trade and Investment, Mariam Katagum has called for single digit rate financing for the Micro, Small and Medium Enterprises (MSMEs). Katagum made this call during…
The stock market extended losses to three consecutive sessions yesterday, causing market capitalisation to depreciate further by N12 billion. At the close of transaction yesterday at the Nigerian Exchange Limited…
The Department of Petroleum Resources (DPR) has stated that the country needs over $2 billion monthly revenue to remain sustainable as a nation. The Director, DPR, Sarki Auwalu, warned that…
China’s yuan advanced further to a new three-year high against the dollar on Thursday, as investors increased their bets on further strength in the Chinese unit after the Chinese central…
The dollar found support on Thursday from a sense that the Federal Reserve is slowly but surely edging towards a discussion about tightening monetary policy, while the yuan hit a…
The Central Bank of Nigeria (CBN) has raised the minimum capital requirement for payment solutions service providers (PSSPs) to N250 million from N100 million. Capital requirement for the switching and…
LONDON — A study has found that most Europeans would like to see some of their members of parliament replaced by algorithms. Researchers at IE University’s Center for the Governance…
CNBC’s Jim Cramer said Wednesday he’s not sure why any investors are still betting against GameStop and AMC Entertainment, two of the so-called meme stocks popular on Reddit’s WallStreetBets forum.…
Crypto investors may be shellshocked by a recent plunge in prices. But that sell-off has a silver lining: It opens the door to a money saving tax strategy. Popular cryptocurrencies…
Twitter said on Thursday it was worried about the safety of its staff in India, days after police visited its office as part of a probe related to the social…