Real Time Financial News Website
Central banks in Ghana and Kenya will keep interest rates on hold next week to check quickening inflation while foreign exchange reforms taking shape will leave Nigeria’s central bank on…
U.K. Home Secretary Priti Patel is set to announce a “wholesale” reform of the nation’s immigration system in the wake of its exit from the European Union. In a speech…
Nigeria’s economic growth quickened in the first quarter as oil output started to recover and manufacturing production increased for the first time in a year. Gross domestic product in the…
The bitcoin selloff continued Sunday following a roller-coaster week of trading, as authorities in China and the U.S. move to tighten regulation and tax compliance on cryptocurrencies. Bitcoin fell roughly…
Nigerians may heave a sigh of relief, as the impact of full deregulation of petroleum products in the country by the Nigerian National Petroleum Corporation (NNPC) might be in abeyance,…
The reluctance of the Federal Reserve officials to signal a recalibration of policy given the booming economy, rising inflation and inflation expectations, and strong demand, as the vaccine rollout allows…
China’s central bank said it will maintain the exchange rate of the yuan at “basically stable” levels after recent comments by its officials who suggested the currency be allowed to…
Nigerians have in their numbers voiced opposition against the Nigerian Communications Commission’s plan to obtain the International Mobile Equipment Identity numbers of their phones. While some expressed their concerns on…
As the headline inflation for April drops by 0.5 per cent to 18.12 per cent in April, Managing Director of Financial derivatives Limited, Mr. Bismark Rewane has said the economy…
WASHINGTON — White House aides working on a bipartisan infrastructure deal made a counteroffer on Friday to Republican senators, reducing the Biden administration’s initial proposal by $600 billion. Within hours,…
The trading pattern of the past two weeks – particularly alongside cryptocurrency’s movements – suggests stocks could continue to be volatile in the week ahead. Investors are watching the wild…
Foreign exchange speculators will lose over N100 billion in the next month as the Central Bank of Nigeria (CBN) sustains massive funding for Bureaux De Change (BDC) operators. President, Association…
One of Africa’s largest sovereign wealth funds rode the wave of U.S. technology stocks to a banner 2020. Now, it’s betting Europe will play catch-up. The Nigerian Sovereign Investment Authority,…
Nigeria’s governors have called for a full deregulation of the country’s downstream oil sector so that pump price floats with global oil prices, as the West African nation cannot sustain…
International banks are increasingly reluctant to commit to African projects, although domestic banks are growing with an eye on filling this gap. International banks are increasingly reluctant to commit to…
Despite a drop in the demand for FX at the Investors and Exporters (I&E) window of the foreign exchange market on Thursday, the Naira depreciated against the US Dollar. Data…
The European Union (EU) says it has invested 10 million euros in Action Against Trafficking in Persons and Smuggling of Migrants (A-TIPSOM) Project in Nigeria. EU representative, Eleni Zetzelidou, made…
China should let its yuan currency strengthen to help offset the impact of rising import prices, a central bank official said in remarks published on Friday. Chinese policymakers have pledged…
A central bank official has today proposed that China should let the yuan appreciate to offset the rising costs of commodity imports. Does that herald a shift in policy from…
Nigeria’s biggest data services firm, MainOne Cable Co., plans to almost double storage capacity over the next two years after demand for its services increased in West Africa. The Lagos-based…
Wealthy nation backing for a $50bn (£35bn) mass global vaccination drive could provide a $9tn boost to the world economy, the head of the International Monetary Fund has said. Putting…
Cryptocurrency exchanges operating in Hong Kong will have to be licenced by the city’s markets regulator and will only be allowed to provide services to professional investors, according to government…
The pound reached a two-year high against the dollar (GBPUSD=X) on Friday amid rising hopes for a rapid economic recovery in Britain. Sterling is currently trading 0.16% higher against the…
Lagos-based airline, Green Africa, is set to commence ticket sales via its website – greenafrica.com ahead of flight operations following pre-sales approvals from the Nigerian Civil Aviation Authority (NCAA). It…
The British pound was steady in early trading on Friday, on track for a weekly rise versus the dollar, after better-than-expected retail sales data kept investors upbeat about the prospects…
Pedestrians walk past a Prada SpA store in the Wangfujing shopping area of Beijing, China, on Monday, Dec. 7, 2020. China’s central bank is likely to look through the first…
ISTANBUL, TURKEY – APRIL 16: A woman uses a bank ATM next to a Bitcoin ATM machine at a shopping mall on April 16, 2021 in Istanbul, Turkey. Turkey’s Central…
World Bank Group President David Malpass and Vice President for Western Africa, Ousmane Diagana, in a media roundtable on Thursday, speak on its portfolios in Nigeria, fuel subsidies and more.…
Tougher times are here and any pretension to the contrary has been ripped to shreds with Wednesday’s resolution of the governors giving full backing to complete deregulation of the downstream…
The Federal Government has agreed to release the Swiss-flagged San Padre Pio oil tanker that was seized in January 2018. Switzerland’s foreign ministry made this known in a press statement…