Real Time Financial News Website
While the dollar was steady around 5-month lows in early London trading on Wednesday, the New Zealand dollar was up more than 1%, having jumped when the central bank hinted…
The Nigerian National Petroleum Corporation (NNPC) and Bonga Production Sharing Contract (PSC) partners, have signed watershed agreements to unlock $700m (about N320bn) revenue to the federation. The revenue is expected…
As AT&T and Discovery discussed putting together their content assets, they specifically structured a deal to give the combined company flexibility to merge or sell down the road — perhaps…
It’s been reported that a $10 billion bid made by Microsoft for gaming platform Discord fell apart. Discord CEO and co-founder Jason Citron can’t talk about it — he’s under…
Russia has threatened to decelerate Google’s traffic and issued the company with a small fine for failing to remove what it says is unlawful content. A Russian court on Tuesday…
Thanks to its pending acquisition of Nuance Communications, Microsoft will soon have a suite of software tools that doctors use to automatically keep notes on meetings with patients. But Microsoft…
The major growth in Amazon’s advertising unit means its revenue contribution is now 2.4 times as large as Snap, Twitter, Roku and Pinterest combined, and it’s growing 1.7 times as…
Twitter CFO Ned Segal said Tuesday that e-commerce will be more important for the social media company as it continues to build out direct response advertising products. “You should be…
Oil snapped two days of gains as investors weighed talks of higher Iranian supply against the prospect of a continued recovery in demand. West Texas Intermediate futures dropped below $66…
The Central Bank of Nigeria (CBN) yesterday issued a new licence requirements for payment systems, increasing the minimum capital requirements for Payment Solutions Service Providers (PSSPs) to N250 million from…
Exporters of solid minerals are owing the Federal Government N17.1 billion royalties for minerals exported. Minister of Mines and Steel Development, Olamilekan Adegbite made this known in Abuja yesterday at…
The Accountant General of the Federation, Mr. Ahmed Idris has disclosed that the controversial £4.2m looted by an ex-governor, has since been transmitted to Delta state government. The Chief Accountant…
Asia’s surging coronavirus infections and slow pace of vaccinations is testing the limits of what central banks can do to further support what, until recently, had been the world’s stand…
Nigeria’s economy grew 0.5% in the first quarter, lifted by higher crude production and oil prices, the country’s statistics office said on Sunday, as activities slowly gain momentum after the…
Britain’s pound neared its high for the year on Tuesday, boosted by expectations of further relaxation of social restrictions linked to the COVID-19 pandemic by the end of June. Recent…
Minister of State, Petroleum Resources, Mr. Timipre Sylva, has stated that the federal government will continue to ramp up its current domestic gas expansion drive as well as its monetisation…
The European Central Bank must keep its money taps fully open, as the euro zone economy is still in the throes of the coronavirus pandemic despite progress in vaccination campaigns,…
Gold steadied near its highest in more than four months on Tuesday, buoyed by a weaker dollar but with gains capped after U.S. Federal Reserve officials soothed fears about inflation.…
Signage for HSBC Holdings Plc headquarters is displayed on the building that houses its headquarters in the central business district (CBD) of Singapore, on Thursday, Jan. 28, 2021. HSBC plans…
China’s major state-owned banks were seen buying U.S. dollars at around 6.4 yuan per dollar level on Tuesday afternoon, four sources with knowledge of the matter said, in a move…
The Permanent Secretary, Federal Ministry of Aviation, Hassan Musa on Monday told the House of Representatives that the Federal Government had released N5bn out of the N26bn approved as COVID-19…
The Central Bank of Nigeria has continued to fund bureaux de change (BDCs) segment of the foreign exchange market weekly to keep the naira stable. President, Association of Bureaux De…
Currency in circulation dropped by N10bn from N2.81tn as of the end of March to N2.8tn as of the end of April, latest statistics from the Central Bank of Nigeria…
The combined loan portfolio of 12 commercial banks in Nigeria rose by N690bn in the first three months of this year, data collated from their unaudited financial statements show. The…
Nigeria’s central bank devalued the naira by 7.6% against the dollar as authorities in Africa’s biggest oil producer migrate toward a single exchange-rate system for the local currency. The Abuja-based…
The Central Bank of Nigeria underdevelops the economy through heterodox monetary and fiscal procedures contrary to the express mandate and intendment of its enabling law, which aims to promote national…
– Oil climbed to the highest level in nearly a week after Iran said that gaps remain in negotiations aimed at reaching a deal to end U.S. sanctions on its…
Minister of Foreign Affairs, Geoffrey Onyema has charged officials of the ministry to change the negative narrative about the country in their diplomatic responsibilities abroad. He made this call in…
NIGERIA – Nigeria’s currency is seen closing range-bound within 408 naira to 412 naira per dollar next week, despite recent weakness on the official market as the country attempts to…
Britain’s pound held within recent ranges on Monday, trading just shy of $1.42 as analysts set their eyes on an address by four Bank of England policymakers to a parliamentary…