Real Time Financial News Website
Investors looking for clear guidelines on when the Federal Reserve will begin tapering its massive bond purchases were left waiting Wednesday, with all eyes next on the annual Jackson Hole…
Comcast Corp’s (CMCSA.O) second-quarter revenue beat Wall Street estimates on Thursday, benefiting from higher advertising sales, theme parks reopening, and record broadband subscriber and total cable customer additions. The pandemic…
Led by Facebook, social media platforms from Alphabet’s YouTube to Snap Inc (SNAP.N) and Twitter (TWTR.N) are investing heavily in shopping features to drive revenue growth, a major theme that…
Merck & Co Inc (MRK.N) reported quarterly revenue on Thursday ahead of analysts’ estimates, as a recovery in demand for its cancer drug Keytruda helped offset a hit to sales…
The S&P 500 and the Dow indexes were set to rise on Thursday as a slate of strong corporate earnings reports and data showing a pickup in U.S. economic growth…
World share markets were back on the climb on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus and reassurances from Beijing saw beaten-up…
The U.S. economy contracted at a record average annualized rate of 19.2% from its peak in the fourth quarter of 2019 through the second quarter of 2020, government data showed…
Mastercard Inc (MA.N) reported a 36% rise in second-quarter profit on Thursday that comfortably beat estimates, underpinned by a recovery in global spending as businesses start to reopen and travel…
U.S. buyout firm Carlyle Group Inc (CG.O) said on Thursday its second-quarter distributable earnings nearly doubled following a sharp rise in asset divestments in its private equity and secondary market…
The Nigerian Communications Commission (NCC) has instituted a Device Management System (DMS) to tackle SIM boxing and call masking, two acts that are threats to national security. NCC’s Executive Vice…
The total number of unique National Identity Number (NIN) that has been verified across networks in Nigeria has reached 59.8 million as at July this year, according to recent statistics…
“There was a rising tide of online activity in many parts of the world, and we’re proud that our services helped so many consumers and businesses,” Alphabet chief executive Sundar…
Nigerian based Fintech Company; Flutterwave has been listed as one of the 2021 TIME100 Most Influential companies in the world. According to TIME, the digital- payment service was selected as…
Oil prices slipped but remained near $75 per barrel on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell last week to their lowest since…
Canadian pipeline operator TC Energy Corp (TRP.TO) could spend billions of dollars on its plans to lower emissions by switching to renewable energy to run its huge network of U.S.…
The Minister of Science and Technology, Dr. Ogbonnaya Onu and the Chairman of Oilserv, Emeka Okwuosa have said there was a need for Nigeria to harness the $76 billion nanotechnology…
At the beginning of the month, the Shoprite Group announced the completion of their exit from Nigeria after a few rough years in Africa’s ‘largest’ economy. As this occurs, Pick…
The rising concerns about global vaccine inequality have raised a critical question about the ability of many countries to protect their own in the case of an emergency. While Africa…
The national power grid has suffered another system collapse, worsening the blackout being experienced by households and businesses in parts of Nigeria. The collapse, which occurred early in the afternoon…
Investors in the Nigerian Exchange Limited lost N5.80bn as 24 firms saw their share prices decline at the close of trading on Wednesday. The NGX All-Share Index declined by 2.87…
Samsung Electronics Co Ltd (005930.KS) on Thursday forecast strong demand for memory chips in the second half and a recovery in the mobile market to 2019 levels, in a sign…
Australia’s biggest city Sydney posted a record one-day rise in local COVID-19 cases on Thursday and warned the outbreak would get worse, as authorities sought military help to enforce a…
The naira has dropped to N522 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) discontinued the sale of foreign exchange (FX) to Bureaux De…
The Asset Management Company of Nigeria, AMCON, has effectively taken over National Insurance Corporation of Nigeria, NICON Insurance was privatised in 2005 with the core investor having 70 per cent…
(Bloomberg) — Coronavirus infections in Nigeria surged to the highest level in almost five months as a third wave of cases spreads in Africa’s most-populous nation. The West African nation…
The boss of cryptocurrency exchange Binance says he’s willing to step down from his role as the company seeks to become a regulated financial institution. Speaking at a virtual press…
Facebook Inc (FB.O) will stop allowing advertisers to target people under 18 on its platforms based on their interests or their activity on other sites, it said on Tuesday in…
The International Monetary und, IMF, has retained its 2.5 per cent projection for Nigeria’s economic growth in 2021. IMF however upgraded its projection for the country’s economic growth in 2022…
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, has said that the private sector was responsible for over 60 per cent illegal…
The aggregate internally generated revenue of the 36 states in the country and the Federal Capital Territory Administration fell by 37bn in two years, data obtained from the National Bureau…