Real Time Financial News Website
Chief executives of Nigerian-listed companies are among sub-Saharan Africa’s highest earners, according to a new report by PwC. The median value of total-guaranteed packages, which includes base pay and benefits,…
The CBN in a twist of events has discontinued its forex sale to BDCs with immediate effect. This announcement was made by the CBN Governor during the question and answer…
The Central Bank of Nigeria, CBN, has revealed that it has so far recovered 89.2 billion nairas of customer’s money in Nigeria based on verified complaints that were investigated and…
Monetary Policy Summary, August 2021 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain…
China’s yuan inched up against the dollar on Thursday, although trade was thin as market participants awaited global policy indications for clues on which way the currency was likely to…
The Debt Management Office (DMO) on Wednesday revealed that the Federal Executive Council has approved transaction advisers for the issuance of Eurobonds in the International Capital Market (ICM). The Eurobonds…
The dollar held most gains against basket of currencies on Thursday after hawkish comments from the U.S. Federal Reserve led markets to move forward the likely timing of a policy…
Trade Zones – PUNCH AUGUST 05, 2021 BY Amarachi Orjiude The Federal Government has called on stakeholders in the private sector to invest in the country’s Free Trade Zones to…
The latest Central Bank of Nigeria’s (CBN) decision to stop the sale of forex to Bureau De Change (BDC) operators due to the reported abuses that have characterized the transactions…
The Covid boom times are coming to an end for tech companies. After reporting eye-popping growth throughout 2020 as more people turned to technology to work and play during pandemic…
Iranian cleric Ebrahim Raisi has been sworn in as the Islamic Republic’s new president against the backdrop of challenging negotiations with the West on the revival of its nuclear deal,…
White House chief medical advisor Dr. Anthony Fauci has warned that a more severe Covid variant could emerge as the U.S. daily new case average is now approaching 100,000 per…
U.S. President Joe Biden will sign an executive order on Thursday aimed at making half of all new vehicles sold in 2030 zero-emissions vehicles and will propose new vehicle-emission rules…
Target said Wednesday it will offer new perks to woo workers: a debt-free way to get a college degree and payments toward graduate programs. Starting this fall, the big-box retailer…
Futures contracts tied to the major U.S. equity indexes were mildly higher Thursday morning as Wall Street looked to improve upon a mixed week. Dow futures rose 69 points, or…
Initial claims for unemployment insurance edged lower last week, meeting Wall Street expectations, the Labor Department reported Thursday. First-time filings for benefits dipped to 385,000 for the week ended July…
America is preparing for a return to school this fall semester, but curriculums might seem a bit different than they used to. Many states have implemented or are currently in…
U.S. stock index futures rose on Thursday ahead of data expected to show fewer Americans filed for unemployment benefits, while investors looked to another busy day of corporate earnings reports.…
TikTok owner ByteDance told employees on Thursday it planned to lay off staff in its education business and close some of its tutoring operations, after China imposed sweeping regulations on…
Tesla Inc (TSLA.O) chair Robyn Denholm sold more than $22 million worth of shares in the electric-car maker after exercising stock options, according to a filing with the U.S. Securities…
Moderna (MRNA) – Moderna shares fell 2.4% in the premarket, despite reporting better-than-expected earnings and revenue and saying its Covid-19 vaccine is 93% effective after 6 months. Moderna earned $6.46…
Sterling steadied around $1.39 against the dollar on Wednesday, buoyed by risk sentiment in markets, optimism over the outlook for COVID-19 in Britain and some anticipation of a hawkish turn…
Robinhood said on Thursday in an amended filing that existing shareholders will sell up 97.9 million shares over time. The news knocked shares of the trading app that have surged…
Huawei Cloud IaaS revenue surged by 202.8 per cent, placing it in the top five list of cloud IaaS providers in the world, according to a report from market research…
Following the enforcement of Google’s new policy set out in its financial products and services section on Aug. 3, the company has started running crypto ads again. Earlier in June…
Indian microblogging app, Koo, has disclosed plan to formally register in Nigeria. The app became popular in June when the Federal Government suspended Twitter operations following a row between both…
Nigeria businesses may have lost N150.46bn ($366.88m) since the Federal Government’s ban on Twitter took effect in the country on June 5. This figure was calculated based on the NetBlocks…
The Federal Executive Council (FEC) has approved $11.174 billion for the construction of a standard-gauge coastal railway from Lagos to Calabar. FEC also approved the award of two contracts to…
The Bureau of Public Enterprises (BPE), Nigeria’s privatisation agency, intends to sell 36 state-owned assets in 2021. This is according to The Economist Intelligence Unit report for July 2021. The…
Nigeria’s foreign reserve closed the month of July 2021 at $33.4 billion, appreciating marginally by $79.1 million compared to $33.32 billion recorded at the start of the month. However, it…