Real Time Financial News Website
Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc has stated that its N100 billion Infrastructure Fund will provide an avenue for investors to gain exposure to…
Preparatory to the issuance of N2.343 trillion ($6.2 billion) Eurobonds in the International Capital Market (ICM) to partly finance its N5.2 trillion 2021 Budget deficit, the federal government has appointed…
Stock markets are set to see losses ahead, and Japanese stocks could wind up being the hardest hit, warns SEB’s Sean Yokota. “For the next couple of months, I think…
President Joe Biden will set a new national target for the adoption of electric vehicles on Thursday, calling for them to represent 40% to 50% of all new auto sales…
European markets inched cautiously higher on Thursday morningas investors digested more corporate earnings and await a key monetary policy decision from the Bank of England. The pan-European Stoxx 600 inched…
Jaiz Bank Plc has said its profit after tax rose by 70.1 per cent growth to N1.9bn in the first half of 2021 from N1.17bn in the same period of…
The Director General of the Securities and Exchange Commission (SEC), Lamido Yuguda has stated that the Securities Issuers Forum (SIF) will create a platform for issuers to brainstorm on how…
The banking and industrial indices drove a N5.13bn gain for stock investors amidst negative market sentiment. Nineteen stocks recorded losses at the end of trading on the floor of the…
Adidas has increased its outlook for the year, despite a drop in sales in China where some consumers have boycotted the sportwear brand for its stance against alleged human rights…
The Nigerian National Petroleum Corporation(NNPC) is forging ahead with its plans to buy 20 percent stake in the Dangote Petroleum and Petro-Chemical Refinery. The Federal Executive Council (FEC) meeting in…
The Central Bank of Nigeria (CBN) has announced that it will launch the pilot scheme of its digital currency (eNaira) by October 1, 2021. Rakiya Mohammed, CBN director of information…
Oil settled lower on Tuesday, as concern about rising cases of the Delta coronavirus variant outweighed expectations for another weekly draw in U.S. inventories that had boosted prices early. Brent…
The lira’s best month this year may only serve to highlight the volatility that still haunts Turkish assets. For JPMorgan Chase & Co.’s top executive in Turkey, swings in the…
Managing/Chief Executive Officer of United Capital Securities Limited, Mr. Bawo Oritsejafor in this interview with Goddy Egene speaks on the Nigerian capital market and prospects for investors among other issues.…
The international shipping industry continued its long-term positive safety trend over the past year but has to master Covid challenges, apply the learnings from the Ever Given Suez Canal incident…
The Federal Government has directed the Nigerian Sovereign Investment Authority to source $200m for settlement of International Court of Arbitration in Paris award in favour of the Chinese firm, Sunrise…
The hunt for a benchmark to replace yen Libor is gaining ground, with Japan’s traders leaning toward the Tokyo Overnight Average Rate in the battle to dominate the financing of…
The Nigerian Exchange Limited has revealed that foreign investors in the equities market withdrew a total of $116.72bn from Janury to June this year. According to the NGX Domestic &…
The Debt Management Office (DMO) has announced an offering for the federal government of Nigeria (FGN) savings bonds at N1,000 per unit. The FGN savings bond offer, issued by the…
Ahmed said this during a sensitisation programme on the national vehicle registry (VREG) platform in Kano on Tuesday. She said the VREG platform will curb import duty evasion and car…
The cost of cargo haulage from the Lagos ports has dropped by about 70 percent in the last one months, importers and operators have said. It was however learnt that…
Musa Jimoh, CBN’s director of payments system management department, announced this in a circular on Tuesday. The guideline requires companies that intend to offer both switching and processing, and mobile…
International finance expert and CEO, FB Services Group, Canada Dr. Akin Oladeji John Brown has decried what he described as colossal damage to Nigeria’s economy by Bureau De Change (BDC).…
The Central Bank of Nigeria’s (CBN) decision to stop forex sales to Bureau De Change (BDC) operators has continued to attract reactions from stakeholders. Analysts insist that the decision was…
Wall Street’s main indexes were set to open lower on Wednesday following a record close for the S&P 500, while focus turned to data on the services sector for cues…
U.S. crime alert app Citizen is launching its first paid feature, offering subscribers access to a live safety agent when they are in “stressful or uncertain situations.” Citizen uses crowd-sourced…
U.S. private payrolls increased far less than expected in July, likely constrained by shortages of workers and raw materials. Private payrolls rose by 330,000 jobs last month, the ADP National…
In March last year, Oziel da Silva Santos needed a new TV but with stores closed due to COVID-19 restrictions in Brazil’s northern city of Belem, the 50-year old was…
The New York Times Co’s (NYT.N) quarterly digital subscription growth slowed to its lowest in three years as the news cycle cooled after an action-packed 2020 that was dominated by…
Malaysia’s embattled Prime Minister Muhyiddin Yassin said Wednesday he will put himself through a vote of confidence when parliament reconvenes in September to prove the legitimacy of his leadership and…