Real Time Financial News Website
World Health Organization officials said they are still trying to understand why the delta variant is more transmissible and potentially makes people sicker than the original coronavirus strain. “We’re really…
China’s central bank lifted its yuan midpoint to a one-month high on Friday to reflect a bounce in the spot market a day earlier, as market sentiment recovered after sharp…
The Acting Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello Koko has restated the commitment of the management of the authority to enthrone international standards and best practice…
Bureau De Change (BDC) operators that violated Central Bank of Nigeria (CBN’s) guidelines on foreign exchange (forex) sales will be identified for sanctions, the Association of Bureaux De Change Operators…
MTN, Airtel, Glo, and 9mobile lost over 8 million data subscribers between March 2021 and May 2021. The four major internet providers lost 1.27 million data subscribers in May 2021,…
While spectrum for 5G is expected to be auctioned by the last quarter of the year, the Federal Government has hoped that by 2025, urban centres in Nigeria would have…
The Federal Government, on Thursday said it has reviewed downward the price of gas-to-power from $2.50/mmbtu to $2.18/mmbtu for domestic supply obligation (DSO). In his remarks at the 2021 Gas…
Bank Chief Executive Officers on Thursday, held an emergency meeting on how to ensure compliance with the new forex directive of the Central Bank of Nigeria. After the meeting, they…
The National Pension Commission (PENCOM) has revealed that private sector workers own 70 per cent of the N12.7 trillion in the Retirement Savings Account (RSA) under the contributory pension scheme.…
Trading at the nation’s bourse extended a losing streak on Thursday, with key market indicators nosediving by 0.79 per cent following profit taking in UACN and Union Bank of Nigeria.…
The Treasury Department announced Thursday that it will expand tax credits to employers who give workers paid time off to get Covid-19 vaccines, to include time for workers to take…
Microsoft is in advanced talks to invest in Indian budget hotel chain Oyo, a source familiar with the matter confirmed to CNBC. The size of the deal is not known,…
A fire occurred within a Tesla Megapack at one of the largest batteries in the world in Australia’s Victoria state around 10:15 a.m. local time on Friday, CNBC has confirmed.…
Investors bought into Chinese stocks in the last week, despite mounting concerns about harsh regulation, according to fund research firm EPFR Global. A slew of new Chinese regulation in the…
Amazon.com Inc (AMZN.O) on Thursday said sales growth would slow in the next few quarters as customers venture more outside the home, a tepid start to CEO Andy Jassy’s reign…
SoftBank Group Corp (9984.T) is set to report a boost to Vision Fund returns when it posts quarterly earnings due to the U.S. listing of Chinese portfolio firms, just as…
Robinhood Markets Inc’s shares (HOOD.O) closed more than 8% lower at $34.82 per share on their first day of trading, as many investors who used the popular trading app to…
Uber Technologies Inc (UBER.N) is pushing back its back-to-office date to late October globally, and all employees in the United States will have to be fully vaccinated before returning to…
Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether…
In the aftermath of the Monetary Policy Committee (MPC) meeting, the Central Bank of Nigeria (CBN) has said it will commence the immediate refund of capital deposits and licensing fees…
The total value of capital importation into Nigeria declined to $875.62million in the second quarter of 2021 from $1,905.89million in the first quarter of 2021. This represents a decrease of…
The Director-General, Nigerian Institute of International Affairs (NIIA), Professor Eghosa Osaghae has advised the federal government to adopt an export-demand industrialisation a policy similar to the Bangladeshi model. Osaghae, a…
Nigeria’s central bank will refund exchange bureaux that have paid deposits and licence fees which have yet to be approved, it said on Thursday, after announcing this week that it…
Bank of Canada Governor Tiff Macklem, writing in a column for the Financial Post newspaper on Thursday, said Canadians can be confident that the cost of living will not rise…
The Canadian dollar touched a two-week high against its broadly weaker U.S. counterpart on Thursday, as the Federal Reserve remained patient about reducing stimulus and the Bank of Canada reassured…
The manufacturing sector has seen woeful growth in the last five years, and a key problem is businesses can’t find the dollars to import raw materials. Defying the intensity of…
The International Monetary Fund (IMF) has retained Nigeria’s 2.5 per cent economic growth forecast for 2021. The institution said this in its World Economic Outlook (WEO) for July titled “Fault…
The Organisation of Petroleum Exporting Countries (OPEC) yesterday warned that with declining investments in the global oil and gas industry, Nigeria’s economy as well as that of other resource-dependent countries…
Following the cancellation of the sale of about $5.7 billion foreign exchange (forex) annually to about 5,500 licenced Bureau De Change (BDC) operators by the Central Bank of Nigeria (CBN),…
Intercontinental Exchange Inc (ICE.N), the owner of the New York Stock Exchange, on Thursday reported that its second-quarter profit more than doubled, helped by the strong performance of its mortgage…