Real Time Financial News Website
The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such as Apple (AAPL.O) and Alphabet’s Google (GOOGL.O). Treasurer Josh Frydenberg…
Shares of Robinhood Markets Inc (HOOD.O), a popular gateway for trading meme stocks, tumbled nearly 7% on Monday on news that PayPal Holdings Inc (PYPL.O) may start an online brokerage…
Naira weakened significantly against the U.S. dollar at the black market on Monday, as it touched an all-time low of 527. The local unit, which closed at N524 per $1…
The Central Bank of Nigeria has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for its digital currency, eNaira. Mr Osita Nwanisobi, Director,…
The Central Bank of Nigeria (CBN) has engaged Bitt Inc., a global Fintech company, as the Technical Partner for its digital currency, named eNaira, which is due to be unveiled…
Foreign portfolio investments (FPIs) in Nigeria have dropped to their lowest level in more than eight years as foreign exchange (forex) constraints and macroeconomic challenges continued to dampen foreign investors’…
Nigerian deposit money banks (DMBs) are set to market and promote the adoption of eNaira as a digital version of cash to existing and potential customers in support of the…
Hong Kong's shopping districts are dotted with money changers advertising their remittance services and conversion rates. There are 1,891 licensed money operators in the city, Hong Kong customs data show.
Apple CEO Tim Cook received more than 5 million shares of Apple stock this week, selling most of the stock for more than $750 million, according to an SEC filing…
The Secretary, National Action Committee on Africa Continental Free Trade Agreement (AfCFTA), Mr. Francis Anatogu has stated that Africa lacks the production capacity to meet local demand its oil palm…
Emirates Airlines has extended the suspension of flights from Lagos State and Abuja airports to Dubai till September 5, 2021. The Dubai-based carrier had earlier announced that it would suspend…
Dangote’s $2 billion Petrochemical Plant located in Ibeju-Lekki, Lagos State, is designed to produce 77 different high-performance grades of polypropylene in the country. With a turnover of $1.2 billion, the…
Africa Search Capital (ASC) (www.AfricaSearchCapital.com) today announced the acquisition of a majority stake in Falcon Security Hub (Falcon). The transaction, which culminates a 12-month search process for ASC, is the…
Sustainable Power Solutions (SPS) is strengthening for expansion in Africa. The clean energy solutions provider is opening its capital to two investors. These are Gridworks Development Partners, an investment company…
One of China’s top artificial intelligence firms SenseTime has filed for an initial public offering in Hong Kong. The AI company did not disclose the size of the deal but…
Chinese authorities have introduced a slew of legislation in the past few months, largely aimed at the tech sector — a move that’s spooked investors and wiped out billions of…
European stocks were trading slightly higher on Monday, reflecting broadly positive trade in global markets overnight. The pan-European Stoxx 600 index was trading 0.1% higher with most sectors in positive…
Shares of Australian miner Fortescue soared over 6% on Monday, as the mining giant reported full-year profits that hit another record high. Net profit after tax reached $10.3 billion, up…
Decagon, the tech startup which combines lending, training, and job placement to help exceptional people launch careers as software engineers has closed a $1.5 million seed equity round from early-stage…
The Information, Communication and Technology sector contributed N5.5tn to real Gross Domestic Product in the first half of 2021. This is according to the National Bureau of Statistics’ GDP reports…
Nigeria’s social media network Crowwe is back on the Play Store and App store for both android and IOS mobile phone users. The Crowwe app which has been described as…
TikTok has banned the popular “milk crate challenge” from its platform due to concerns that users participating in the trend could be seriously injured. The TikTok challenge saw users stacking…
Nigeria, like any other economy, maybe climbing out of the deep hole. Nothing understates this better than the recent recovery in the transport sector, which saw a year-on-year (YoY) leap…
Tiger Brands, a South African food company, has reached an agreement with UAC of Nigeria Plc (UACN) to sell its minority equity stakes in one of the subsidiaries of the…
Founder of IBTC Stanbic Bank, Atedo Peterside, has challenged the Nigerian National Petroleum Corporation to clarify allegations that it dipped its fingers in the federation account in order to announce…
It is believed that the short term funding profile of the money market makes it unsuitable for project infrastructure investment hence the capital market which creates an enabling environment for…
Foreign exchange transactions at the Investors’ & Exporters window increased by 59.37 per cent last week, according to FMDQ Securities Exchange Limited. The Central Bank of Nigeria had in April…
There is no gainsaying that the capital market is a critical pillar to long term fund mobilisation needed for capital formation to fasttrack economic growth and development. It is believed…
TikTok owner ByteDance has made its first foray into virtual reality (VR) through the acquisition of a start-up called Pico. Beijing-headquartered ByteDance did not disclose the size of the deal…
Ahead of the planned launch of Exchange Traded Derivatives (ETDs) in the Nigerian capital market, the Nigerian Exchange Limited (NGX) and NG Clearing (NGCL), on Wednesday, engaged the Trading License…