Real Time Financial News Website
Nigerian President Muhammadu Buhari signed into law long-awaited legislation to overhaul the oil and gas industry in Africa’s biggest crude producer. Buhari assented to the so-called Petroleum Industry Bill on…
Malaysia’s King Al-Sultan Abdullah has named Ismail Sabri Yaakob as the new prime minister, the palace said in a Friday statement. Ismail will be Malaysia’s third prime minister in three…
The Lagos Chamber of Commerce and Industry has urged the Federal Government to create more understanding about the three per cent revenue allocation to host communities in the Petroleum Industry…
Chinese authorities called for indebted property giant Evergrande to resolve its debt risks during a rare meeting with executives Thursday. Shares of Hong Kong-listed China Evergrande Group have tumbled more…
Experts in the financial inclusion ecosystem have highlighted the importance of financial and regulatory stability among financial regulators, FinTech developers and the grassroots beneficiaries, in order to achieve seamless operations…
India’s ride-hailing firm Ola has plans to go public next year — but, a final date for the initial public offering has yet to be decided, chairman and group CEO…
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said the Federal Government raised about N669billion from the Nigerian capital market through issuance of sukuk bonds. Ahmed disclosed…
The Securities and Exchange Commission (SEC) has announced plans to partner with the National Insurance Commission (NAICOM) to de-risk certain commodity assets and attract more investors into the space. Besides,…
Equity investors in the Nigerian Exchange Limited gained N64.93bn on Thursday as the NGX All-Share Index rose by 0.32 per cent to 39,670.29 basis points, its highest since April 26,…
From used cars to gas to groceries, inflation continues raise the price of goods in the U.S. The consumer price index — which measures how much consumers pay for an…
The U.S. Department of Education announced Thursday it will cancel $5.8 billion in student debt for more than 320,000 borrowers. The debt forgiveness, which will go to borrowers with a…
Financial regulators across the world have targeted major cryptocurrency exchange Binance. Some have banned the platform from certain activities, while others have warned consumers that it was unlicensed to operate.…
U.S. department store chains Macy’s Inc (M.N) and Kohl’s Corp (KSS.N) are leaning on a strong back-to-school season to sustain a sales recovery fueled by shoppers splurging on perfumes, shoes…
SoftBank Group Corp (9984.T) sold 11.4 million shares of food delivery company DoorDash Inc (DASH.N), marketed via Goldman Sachs Group Inc (GS.N), a source familiar with the matter said on…
The United Arab Emirates (UAE) has approved visa-on-arrival for passport holders from 70 countries except Nigeria, South Africa, Ghana and some other African countries. This was contained in an update…
The euro is on the cusp of breaking new lows against major global peers, weighed down by the prospect of prolonged monetary stimulus from the European Central Bank and a…
China’s digital yuan will help banks become more competitive in the payments sector after steadily losing out to popular technology platforms over the years, according to Moody’s Investors Service. “We…
The dollar index, which measures the U.S. currency’s performance against six rivals, extended gains in early London trading to rise 0.3% to its highest levels since Nov. 5, 2020, at…
Sterling hit its lowest in a month against the dollar on Thursday as a pull-back in global stock markets saw a bid for safe havens such as the greenback, which…
The Chinese yuan eased to a three-week low against a firmer dollar on Thursday, while its value against the currencies of major trading partners touched a fresh 5-1/2-year high. The…
Gold prices fell on Thursday, as dollar strengthened after U.S. Federal Reserve’s policy meeting minutes showed that its officials were largely on board to start easing bond purchases this year.…
Facebook Inc (FB.O) has chosen 25 local independent journalists to be paid out of a $5 million pot to write for its newsletter site Bulletin through multiyear deals, the company…
Goldman Sachs economists lowered their tracking estimate of U.S. economic growth in the third quarter to 5.5% from 9% due to the impact of the Delta variant but raised their…
Concerns about slowing global growth, coupled with signals from the Federal Reserve it was preparing to cut back its stimulus efforts, drove stocks and bond yields lower Thursday. Major stock…
Wall Street indexes fell on Thursday on concerns the Federal Reserve could begin to rein in its massive monetary stimulus, while commodity-linked stocks sank as oil and metal prices tumbled…
First came the IPO. Now, data supplier Sportradar has extended a critical partnership to keep pace in the sports betting world. Sportradar and betting company FanDuel agreed to new terms…
Oil dropped for a sixth-straight session on Thursday, falling to the lowest level since May as demand fears and comments from the Federal Reserve that it will suspend its bond-buying…
Maersk said it has secured a supply of “green” e-methanol for what it described as “the world’s first container vessel operating on carbon neutral fuel.” In an announcement Thursday, the…
First-time filings for unemployment insurance hit a new pandemic-era low last week, a sign that the jobs market is improving heading into the fall. Jobless claims for the week ended…
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days. The local currency fell to 517 against the US…