Real Time Financial News Website
The Chief Executive Officer, Nigerian Exchange (NGX) Limited, Mr. Temi Popoola has said it aimed to drive listings of new companies, technology and improve on investor participation in the stock…
At the end of today’s trading session, Champion Breweries Plc recorded gains of 9.00% which can be attributed to buy-interests in the brewery’s shares which induced gains of N1.50 billion…
Sentiments on the domestic bourse turned negative on Tuesday to halt the five consecutive days of gains, as the Central Bank of Nigeria (CBN) held all policy parameters unchanged. Specifically,…
The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in the first quarter of 2021. The National Bureau of Statistics…
Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week, reinforcing expectations that demand will outstrip supply growth even…
Ministers to discuss plans, with talks also to determine if they will apply to England only or all UK nations Plans to significantly open up international travel are expected to…
The Biden administration announced on Tuesday that it will speed up asylum claim processing for migrants at the U.S.-Mexico border while also streamlining deportations for those who don’t qualify for…
Two people were killed and several others injured following a leak of acetic acid at a LyondellBasell (LYB.N) chemical plant in La Porte, Texas, on Tuesday night, the company said.…
A bipartisan group of senators and the White House are debating extending a program started early in the COVID-19 pandemic to help lower-income Americans get broadband access by tucking it…
“Our political leaders have suddenly developed not just a taste for, but a voracious appetite for debt. As usual, most of such debts that are procured are hardly thought through.…
German insurance industry association GDV estimates that there will be up to 5.5 billion euros ($6.5 billion) in claims from storms that brought catastrophic flooding to parts of the country…
The total credit from the banking sector to the economy rose to N24.23tn as of the end of May, the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele,…
The CBN says it will not sell dollars to BDCs because they had become a conduit for illicit forex flows and graft. Naira fell marginally against the U.S dollar at…
North and South Korea are in talks to reopen a joint liaison office that Pyongyang demolished last year and hold a summit as part of efforts to restore relations, three…
Microsoft will release its fiscal fourth-quarter earnings report after market close Tuesday. Here’s what analysts are expecting: Earnings: $1.92 per share, adjusted, as expected by analysts, according to Refinitiv. Revenue:…
Gold prices lingered below the key $1,800 per-ounce level on Tuesday, as investors maintained a cautious stance ahead of the Federal Reserve policy meeting and awaited cues on the U.S.…
The bank says increasing the rate will hinder the recovery of the economy, while an expansionary policy will make inflation worse. The Central Bank of Nigeria has retained the monetary…
A project in Kenya is using biogas technology to tackle two major pollution problems with one device: a machine that converts waste such as invasive water hyacinth into cleaner cooking…
Nigeria’s revenue-to-Gross Domestic Product ratio, which fell to between five and six per cent last year, is the lowest in the world, the World Bank said on Monday. The Country…
Arabica coffee prices rose 10% more on Monday, after jumping nearly 20% last week, to their highest in nearly seven years as unusual cold weather threatens coffee crops in the…
The Central Bank of Nigeria (CBN) says it has stopped sale of foreign exchange (FX) to Bureau De Change (BDCs) operators in the country. Godwin Emefiele, governor of the apex…
LONDON (Reuters) – Sterling dipped against the dollar on Tuesday as global stock markets sank led by a heavy sell-off in Chinese shares, which sapped risk sentiment and drove a…
London’s Court of Appeal agreed on Tuesday to reopen a major lawsuit against Anglo-Australian mining giant BHP, reviving a $7 billion claim over a 2015 dam rupture that triggered Brazil’s…
The monetary policy committee (MPC) meets today and tomorrow. At its last meeting held in May, the committee was faced with two broad options: address the high inflationary pressure or…
One person is dead and four are missing after an explosion rocked an industrial park in the western German city of Leverkusen on Tuesday, sending dark plumes of smoke into…
China’s purchases of U.S. goods are still falling short of trade agreement levels, even as overall Chinese imports from the U.S. have surged. That’s according to analysis out Monday from…
The naira closed at N504.00 per $1 on Monday. Naira maintained stability against the U.S dollar at both the official and black market segments on Monday. Data posted on the…
In a curious twist of fate last week, there was a breather for the falling foreign exchange reserves. The figures gained an average of $76.5 million in seven days. The…
Oil price climbed down to $68 per barrel last week after sailing pretty close to $80 in the frenzy of demand surge. Even as it inched up to $72 on…
Bitcoin surged above $40,000 for the first time in nearly six weeks on Monday as sentiment turned bullish following a recent sell-off. The cryptocurrency traded above the key level briefly,…