Real Time Financial News Website
The European Union will discuss on Thursday whether to reintroduce travel restrictions on visitors from the U.S. as new coronavirus cases soar. Slovenia, which holds the rotating presidency of the…
As price gains outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) closed in an upbeat yesterday, causing market capitalisation to increase by N15 billion. Yesterday,…
Investment activities in the Fixed Income and Currencies (FIC) markets suffered a setback to the tune of about N26.97 trillion Year-on-Year (YoY) as investment in Treasury Bills dipped by 75…
The President of the African Development Bank, Akinwumi Adesina, has said the International Monetary Fund’s Special Drawing Rights allocation of $650bn, which includes $27bn to African countries, will help to…
The Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST) is set to clamp down on illegal courier and logistic businesses across the country and professionalise the…
Federal Reserve Chair Jerome Powell on Friday pushed back against concerns that swiftly rising prices could become an enduring feature of the economy, forcing the U.S. central bank to raise…
The CBN recently sent a presentation to Nigerian banks about the eNaira project, revealing more details about its design and operational module. As seen by Nairametrics, the presentation described how…
Italy will drop its requirement for fully vaccinated Britons to quarantine from next week. UK travellers who have been double jabbed and provide a negative coronavirus test will be able…
The Naira4Dollar policy of the Central Bank of Nigeria (CBN) may have begun to yield dividends as remittances from Nigerians in the Diaspora now stand at an average of $34…
The move to commission-free trading that’s swept through U.S. discount brokerages over the past two years may finally be making its way north of the border. National Bank of Canada,…
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, indicated on Friday that the Federal Government had not recovered N5.15tn owed to it by third parties. The PUNCH…
The Federal Government has lost over N5 trillion to open – ended import duty waivers granted to companies and manufacturers engaged in various forms of importation over the years The…
Oil prices rose more than 2% on Friday and were on track for their biggest weekly gains in over a year as energy firms began shutting production in the U.S.…
Zainab Ahmed, minister of finance, budget and national planning, says MTN Nigeria has a payment plan with the Federal Inland Revenue Service (FIRS) to remit $2 billion tax demand. Ahmed…
Microsoft said Friday it will allow a wider variety of PC chips to run Windows 11, the next-generation desktop operating system that it plans to release later this year. The…
The City of Chicago filed two sweeping lawsuits against DoorDash and Grubhub for allegedly deceiving customers and using unfair business practices. The suits echo longstanding claims from restaurant owners that…
Astra Space cut short its first launch attempt since the company went public, with the rocket’s engines firing for a moment and then shutting down. The rocket did not lift…
The France Ambassador to Nigeria, Jerome Pasquire, has said his country is fully committed to not only supporting the Nigeria Economic and Social Wellbeing but they are ready to Market…
The dollar, euro and sterling steadied on Friday as investors waited for a highly anticipated speech by Federal Reserve Chair Jerome Powell, with analysts now doubting the central bank’s boss…
On Thursday, the National Bureau of Statistics (NBS) said Nigeria’s Gross Domestic Product (GDP) grew by 5.01 per cent in the second quarter of 2021. This revelation came as a…
PwC Nigeria said the 2021 Petroleum Industry Act (PIA) will facilitate Nigeria’s economic development by attracting and creating investment opportunities for local and international investors. Country senior partner, Mr. Uyi…
President Muhammadu Buhari on Thursday disclosed that the Nigerian National Petroleum Corporation (NNPC), for the first time in its 44 years history, declared an after tax profit of N287 billion…
Britain’s pound jumped half a percent to the dollar to more than a week’s high on Friday and was set for a 1% weekly gain as the greenback fell after…
Global central banks could do well to keep interest rates low for as long as possible in order to provide the optimal environment for people to move from industries that…
Massmart is disposing of all its general merchandise Game stores in West and East Africa as the Walmart majority-owned retailer evaluates its portfolio on the continent, its CEO said on…
Global bond markets saw their fifth consecutive week of inflows through Aug. 25, as investors grew cautious ahead of the U.S. Federal Reserve’s Jackson Hole meeting, waiting for what Chair…
Wall Street’s main indexes extended gains on Friday as Federal Reserve Chair Jerome Powell signaled the U.S. central bank will remain patient as it tries to nurse the economy back…
China is seeking to tighten oversight of the algorithms technology companies use to drive their business, issuing far-reaching draft rules in Beijing’s latest move to crackdown on its internet sector.…
The Chinese city of Tianjin has asked municipally controlled companies to migrate their data from private sector operators like Alibaba Group (9988.HK) and Tencent Holdings (0700.HK) to a state-backed cloud…
Investor Peter Boockvar is sounding the alarm on a housing price bubble brought on by the Federal Reserve’s Covid pandemic policies. He warns first-time homebuyers are most vulnerable to dramatic…