Real Time Financial News Website
The Lagos Chamber of Commerce and Industry has advised the Federal and State Governments to liberalise the infrastructure sector by breaking government monopoly and securitize corporate assets via public offerings…
Timi Bomodi, NCS deputy national public relations officer, said this in a statement on Friday. Bomodi said this while raising the alarm that some ministries, departments and agencies (MDAs) at…
Bitcoin gathered steam on Monday afternoon in London, heading above the $45,000 mark for the first time since mid-May. Both bitcoin (BTC-USD) and ethereum (ETH-USD) had hit their highest levels…
Nigeria is still importing petroleum products with high sulphur content as the ban imposed on the importation of such fuels by the Federal Government more than four years ago has…
The Central Bank of Nigeria (CBN) has charged customers of commercial banks to know their rights and privileges at all times and report breaches to the Apex bank once their…
The Nigeria Export Processing Zones Authority on Sunday disclosed that discussions were ongoing with the Delta State Government to revamp the defunct Koko Port Free Trade Zone to attract investments…
At the end of last week’s transactions, a turnover of 989.6 million shares worth N8.2 billion was recorded in 9,617 deals by investors on the floor of the exchange last…
The Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST), at the weekend, uncovered some of the shady deals going on at the Nigerian Capital Market, involving…
Sanderson Farms (SAFM) – The poultry producer agreed to be acquired for about $4.5 billion, or $203 per share, by privately-held food producer Cargill and agriculture investment firm Continental Grain.…
Shares of food delivery firm Deliveroo climbed over 10% Monday after the company announced larger German rival Delivery Hero has taken a 5.09% stake in the business. The firm’s stock…
Treasury yields rose early on Monday, with investors focusing on job openings data set to come out later in the morning and inflation readings due to be released later this…
Helios Fairfax Partners Corporation (“Helios Fairfax”) (TSX:HFPC.U) announces that it has appointed Masai Ujiri as an independent director. Ujiri grew up in Zaria, Nigeria, attended college in the United States,…
Social impact investor Oikocredit provided a loan of € 1.6 million to Comafruits, a fruit processing company in Mali. Comafruits has been active for more than ten years in this…
Investors that took part in the round include MSA Capital, EchoVC, Kepple Africa, Future Hub, Transsion Holdings and Gobi Ventures. Expressing his confidence in the startup, Tim Chen, vice president…
Naspers has been making news headlines in the past few weeks, with Naspers’ subsidiary Prosus coming under pressure due to regulatory scrutiny from the Chinese government (and the possible impact…
The Nigerian fintech company, Kuda, announced Monday it has closed a $55 million Series B funding co-led by Valar ventures and Target Global at a valuation of $500 million. Founded…
Africa-focused public utilities manager Eranove Group has a new key shareholder after a $200 million investment by a company formed by fund managers Emerging Capital Partners, A.P. Moller Capital and…
Asia-Pacific markets traded mostly higher on Monday, with indexes in Australia, Hong Kong and the Chinese mainland posting gains. Australia’s benchmark ASX 200 rose 0.16% as investors kept an eye…
Stock futures were flat in overnight trading Sunday after the Dow Jones Industrial Average notched a record close Friday following a stronger-than-expected jobs report. Futures on the Dow added 2…
Southeast Asia’s technology start-ups had a combined valuation of $340 billion last year and that figure may jump more than threefold by 2025, according to Jungle Ventures. Over the next…
European stocks are expected to open in negative territory on Monday, bucking more positive sentiment overnight in Asia. London’s FTSE is seen opening 17 points lower at 7,109, Germany’s DAX23…
The dollar climbed against major peers on Monday, reaching a four-month high versus the euro, as traders positioned for an earlier tapering of Federal Reserve stimulus. The greenback strengthened as…
Get the shot or stay away: That’s what U.S. companies from United Airlines (UAL.O) to BlackRock (BLK.N) are telling employees as Covid-19 continues to rage. That helps get the population…
Exxon Mobil Corp (XOM.N) was suspended from advocacy group Climate Leadership Council (CLC) that looks to make policies to address climate change, the CLC said on Friday. The move comes…
Oil prices fell nearly 2% on Monday, extending last week’s steep losses on the back of a rising U.S. dollar and concerns that new pandemic curbs in Asia, especially China,…
Asset management company Ritchie Bros (RBA.TO) said on Sunday it would acquire plant and machinery auction house Euro Auctions for an enterprise value of 775 million pounds ($1.07 billion) in…
Asian shares wobbled on Monday amid sharp losses in gold and oil prices, while the dollar held near four-month highs after an upbeat U.S. jobs report lifted bond yields. Sentiment…
ByteDance, the Chinese owner of short video platform TikTok, has revived its plan to go public with a listing in Hong Kong by early 2022 after addressing Chinese regulators’ concerns,…
Cisco Systems Inc (CSCO.O) said on Friday it was not planning to offer a solution to help companies shift to private data centers from public ones, after a report from…