Real Time Financial News Website
Nigerian banks and their foreign counterparts invested between $9 billion and $10 billion in the Dangote Refinery, Fertilizer Plant and Petrochemical Company projects worth $17 billion, the Central Bank of…
Nigeria plans to borrow 722.53 billion naira ($1.76 billion) from domestic capital markets for additional security spending, Finance Minister Zainab Ahmed said on Wednesday. As part of Nigeria’s security spending,…
The House of Representatives on Wednesday directed the Central Bank of Nigeria (CBN) to urgently put in place a policy to check further devaluation of the Naira to the United…
The Canadian dollar fell against its broadly stronger U.S. counterpart on Tuesday, but stayed within its recent trading range as data showed a surprise Canadian trade surplus and investors awaited…
Bureaux De Change (BDC) directors have reiterated their commitment to ensuring stable exchange rate in the country. This was part of the resolutions made at the end of a meeting…
Futures contracts tied to the major U.S. stock indexes rose during the overnight session Wednesday evening as investors eyed a key inflation report due out Thursday. Dow futures advanced 42…
IBM’s U.S. employees will go back to the office the week of Sept. 7, according to a memo sent to staff this week from Chief Human Resources Officer Nickle LaMoreaux.…
While CNBC’s Jim Cramer continues to avoid fossil fuel stocks, there are a few oil names he likes. The “Mad Money” host pointed to Pioneer Natural Resources and Chevron as…
The frenzied activity involving so-called meme stocks is being driven by more than just retail investors, the CEO of market maker Virtu Financial told CNBC on Wednesday. “There’s a lot…
Apple’s iOS 15 update will bring lots of new features to your iPhone when it launches this fall. Apple announced the latest iPhone software this week during its big annual…
Inflation is expected to increase throughout the summer as the economy rebounds while experiencing supply constraints. UBS said Wednesday it expects this scenario to be a temporary phenomenon that gives…
Amazon has attracted multiple companies that are interested in using its telehealth service, known as Amazon Care, company executive Babak Parviz said Wednesday. “We’ve had quite a bit of interest…
President Joe Biden signed an executive order on Wednesday that sets criteria for the government to evaluate the risk of apps connected to foreign adversaries, a move with implications for…
Stocks are nearing the end of a bull run and the next major market meltdown may not be far away, said a top investment strategist who predicted the 1997 Asian…
Oakmark Funds portfolio manager Tony Coniaris told CNBC on Wednesday that Fiserv has become one of his new favorite stocks and said it has room to grow. Oakmark, led by…
Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The consensus forecast for the core consumer price index, which excludes…
More than 2.3 million new stimulus checks have been sent, representing over $4.2 billion in payments to Americans, the government announced on Wednesday. In total, more than 169 million payments…
Facebook CEO Mark Zuckerberg announced Wednesday that the company will allow all full-time employees to work from home if their jobs can be done remotely. This is a change from…
The Minister of State Industry Trade & Investment, Marian Katagum, has advised coconut farmers to harness the global potential market for coconut in the country, which she said is in…
MUFG expects that the UK economic recovery will continue to gain traction with expectations of a Bank of England rate hike leading to higher yields which will boost the Pound.…
The Central Bank of Nigeria (CBN) will hold a Treasury Bills (T-Bills) Primary Market Auction (PMA) on the 9 th of June 2021. At the PMA, Existing T-Bills worth NGN4.74bn,…
Deutsche Bank: Global economic crisis imminent amid rising inflation The World Bank has raised Nigeria’s 2021 growth forecast by 0.7 per cent to 1.8 per cent from the 1.1 per…
Former President Donald Trump on Tuesday congratulated Nigeria for blocking Twitter. Trump once referred to African nations, of which Nigeria is one, as “s—hole” countries. “Congratulations to the country of…
One can almost hear the sigh of relief coming from Abuja. Oil prices are up and the immediate threat to the nation’s foreign exchange reserves has receded. Markets (long-dated bonds…
Stakeholders in the maritime sector have lamented how corruption in Nigeria’s seaports has marred the ease of doing business in the country as well as contributed to the nation’s low…
There was uneasy calm at the nation’s seaports on Tuesday following an increase in the exchange rate for cargo clearance by the Central Bank of Nigeria (CBN) from N381 to…
Another bad week for Bitcoin could be a precursor of more pain to come, according to strategists watching the selloff in cryptocurrencies. Further weakness in its price may bring the…
When fully operational, the African Continental Free Trade Area (AfCFTA) agreement will boost exports in the continent by at least $560 billion, the federal government has said. Senior Special Assistant…
Nordea: Risk of Inflation Misread on US Jobs Data, Year-End Euro to Dollar Target Maintained at 1.1500 on Dollar Rebound The latest US jobs data was again below expectations, but…
The Central Bank of Nigeria on Sunday announced an increase in foreign exchange allocations to banks to meet the requests of customers. These requests include travellers seeking foreign exchange for…