Real Time Financial News Website
The boss of French drone maker Parrot believes that China could blacklist his company in the same way that the U.S. government blacklisted rival Chinese firm DJI. Henri Seydoux, the…
With Windows 11, Microsoft is introducing modern touches to the experience of using a PC. Most noticeably, a new design is meant to help users more quickly get what they’re…
Africa’s oldest central bank celebrates its centenary Wednesday just as it started — steering South Africa through an economic crisis. Born out of a banking crisis caused by unusual financial…
Crude oil price may surge to $100 a barrel next year as travel demand rebounds, the Bank of America Corp. has predicted, the strongest call yet among major forecasters for…
With over 3,000 shipwrecks littering Nigeria’s coastline, the Federal Executive Council (FEC) has approved the removal of shipwrecks from Badagry to Tincan Island waterways in order to ensure smooth navigation…
Despite a significant rally in their share prices in recent time, share prices of banks qouted on the Nigerian Stock Exchange are still cheaper than their peers in sub-Saharan Africa,…
The Nigerian Shippers’ Council (NSC) has shutdown Associated Port & Marine Development Company Limited (APMDC) for charging its customers in foreign exchange for a service rendered in naira. In a…
JPMorgan Chase’s analysts have said that bitcoin price will decline to the $25,000 level before longer momentum will signal capitulation. They expect the cryptocurrency market to soon begin the process…
Nigeria’s external reserves fell by $100 million in three days, from June 26 to June 28, as the figures continued to witness historic depletion. According to data sourced from the…
The dollar was heading for its biggest monthly rise since March on Wednesday, supported by traders’ trepidation ahead of unpredictable U.S. labour data and concern over the spread of the…
India expects fuel demand to get back to pre-virus levels by the end of 2021 as the world’s third-biggest oil consumer emerges from the clutches of the Covid-19 pandemic. “There…
China’s rapid progress in developing a digital yuan poses a key risk in preserving the euro’s international role, said European Central Bank Governing Council member Francois Villeroy de Galhau. The…
Customers of the Binance cryptocurrency exchange said on Tuesday they were unable to deposit or withdraw sterling from the platform, days after British regulators cracked down on some of its…
Europe’s sovereign control over its money is at risk if it does not push ahead with plans for a digital euro and a European payments system, France’s central bank head…
The Asset Management Corporation of Nigeria (AMCON) and billionaire businessman Jimoh Ibrahim are at daggers drawn over the sale of NICON Hotels. The new feud in the NICON Hotels ownership…
The Canadian dollar weakened on Tuesday for a second day against its broadly stronger U.S. counterpart as new coronavirus outbreaks in Asia pressured commodity-linked currencies and investors awaited key economic…
The top six Nigerian banks recorded 32 per cent growth in their interest earnings assets in ten years from 2010 to 2020. The banks are Access Bank, FBN Holdings, Guaranty…
The Central Bank of Nigeria has frowned on continued abuse of currency note by the general public, especially during weddings and other occasions. Speaking on Monday in Gombe at a…
Oil held steady near the highest level since 2018, with an OPEC+ meeting this week expected to bring supply increases that won’t keep pace with the global demand recovery. Futures…
With the new gas price regime expected to kick off on July 1, alongside challenges of currency devaluation and access to foreign exchange for raw materials, local manufacturers have told…
The House of Representatives Committees on Finance and Banking and Currency have summoned the Federal Inland Revenue Service (FIRS) to appear before them next Monday as investigation continues into $30…
For a country battling insecurity and facing severe food shortages, it is scary that a novel government programme to boost food production and encourage farmers is heading for the rocks,…
Last week was a scary one for millions of Nigerians who have been impoverished by the government’s rising appetite for easy money, including debt, and missteps of statecraft. Scary, not…
The U.K. economy grew more strongly than previously thought in the year prior to the coronavirus pandemic, data published Monday show. Gross domestic product expanded 1.7% in 2019 instead of…
The landing cost of Premium Motor Spirit being imported into Nigeria surged by more than 60 per cent between December 2020 and mid-June this year, although the pump price of…
Banks must move swiftly to guarantee access to money for everyone as the cash system in part of the UK veers towards market failure, a national charity has said. Age…
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation dividends to uninsured depositors, creditors and shareholders of additional 14 banks in liquidation. Director Communication and…
A new study by Standard Chartered has said Nigeria risks losing $34.3bn in annual export earnings if it does not cut carbon emissions in line with the net-zero plans of…
The new £50 note featuring mathematician, code-breaker and computer scientist Alan Turing has launched today – the final bank note to switch from paper to plastic. It has replaced the…
The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply. The chief executive…