Real Time Financial News Website
Global cross-border payment company, WorldRemit, has said it would continue to reward customers who receive international money transfers through its partner banks in Nigeria. The promise is in line with…
The DMO held its monthly auction of FGN bonds on Wednesday. It offered its regular NGN150bn, raised NGN175bn (USD430m) and secured a total bid of NGN282bn. The marginal rates on…
Following recent complaints on activities of illegal operations by private jet owners in Nigeria, federal authority has disclosed that culprits have been nabbed just as it is also scaling up…
The dollar hovered around recent lows on Friday and was set to notch a modest weekly drop as traders’ concerns about taper talk in Federal Reserve minutes faded, though a…
A couple months ago, in arguing that “The Fed should give everyone a bank account,” journalist Matt Yglesias cited what he took to be an instructive precedent: “Once upon a…
Analysts at FBNQuest Research have expressed support for the Central Bank of Nigeria (CBN)’s extension of its “Naira 4 dollar scheme,” stating that a strong recovery in remittance into the…
Overwhelmed by the plethora of demands by Nigerians desirous of leaving the country and pressured by the producers of the Nigerian passport to find the right pricing for the product,…
The Nigerian Communications Commission has said Nigerians will have to submit the International Mobile Equipment Identity of their phones to it from July. The regulatory body said this in the…
Financial experts have decried the continuous devaluation of the naira by the Central Bank of Nigeria, stressing its adverse impact on the country’s economy. The reaction followed media reports on…
The U.S. Treasury said the Biden administration’s proposal to strengthen tax compliance includes a requirement for transfers of at least $10,000 of cryptocurrency to be reported to the Internal Revenue…
The CBN has extended its “Naira 4 dollar scheme” until further notice, and will be hoping for a strong recovery in remittances and therefore an easing of pressure on the…
Bitcoin pared its gains and briefly dipped into negative territory on Thursday amid news that the Treasury Department is setting forth its crackdown efforts. The world’s largest digital currency last…
Snap on Thursday announced a new version of its Spectacles smart glasses. They use augmented reality, which means you can look through them and see digital objects on top of…
Snapchat users will be able to tip high-profile creators through the app’s chat function later this year, Snap said Thursday. The move pushes the social media company further into creator…
So you want to play in crypto and become a millionaire overnight? Brace yourself for more days like Wednesday. Bitcoin plunged as much as 30% to about $30,000, according to…
Ark Invest’s Cathie Wood is buying more shares of Coinbase amid the spiral in crypto prices. The Ark Invest founder purchased $38 million worth of Coinbase in various funds on…
Chipotle Mexican Grill should benefit from the economic reopening while also holding on to increased digital sales from the pandemic, UBS said in a note to clients on Thursday. Analyst…
The price of dogecoin spiked Thursday morning after Tesla CEO Elon Musk mentioned the coin on Twitter, adding another chapter to the volatile history of a cryptocurrency that started as…
JPMorgan Chase is going it alone. After the health-care joint venture formed by Amazon, Berkshire Hathaway and the biggest U.S. bank by assets was disbanded earlier this year, the companies…
CRYPTO BUFFS have had a punishing week. On May 13th Tether, which issues a “stablecoin” widely used to facilitate bitcoin trading, said that just 2.9% of its $58bn-worth of coins…
Spending at British pubs and restaurants has surged since coronavirus rules were relaxed on Monday to allow people to eat and drink indoors for the first time in months, industry…
Sterling edged up against the dollar on Thursday, trading above the $1.41 mark as analysts remained positive on the currency’s prospects, although some warned its gains so far could prompt…
THE Governor of Kaduna State, Nasir El-Rufai, has accused his fellow governors of abandoning his administration in its face-off with the Nigeria Labour Congress. El-Rufai said this during a virtual…
Overview: A setback in commodities and technology are roiling equity markets today. The inability of US equities to sustain yesterday’s rally provided an initial headwind to trading in the Asia…
The dollar gained ground on Wednesday, snapping a four-day losing streak and bouncing off a multi-month low following the release of the minutes from the Fed’s most recent monetary policy…
Oil was steady near a three-week low in early Asia trading following a broader market slump as investors weighed the prospect of a boost in Iranian supply just as OPEC+…
The Minister of Aviation, Hadi Sirika, has assured Nigerians that the national airliner will swing into full operation by the first quarter of 2022. He said this on Wednesday while…
The Fiscal Responsibility Commission has said ministries, departments and agencies of the Federal Government are withholding about N1.2trn. The commission said this is according to audit reports of some MDAs…
Argentina’s new ban on exports of its famed beef won’t quell runaway inflation if previous interventions are any guide. With red meat prices up about 65% annually, easily outpacing 46%…
FDI into UAE climbs over 44% against UN estimates • ICPC: Over 800 properties worth $400m linked to PEPs • Malami: Africa loses $148b through IFF yearly • Nigerians investing…