Real Time Financial News Website
Chinese video streaming platform iQiyi (IQ.O) said on Thursday it would stop showing all “idol competition” programs, calling them unhealthy amid a regulatory crackdown that has seen Beijing criticise firms…
Big Lots (BIG) – The discount retailer’s shares tumbled 9.5% in premarket trading after it missed top and bottom-line estimates for its latest quarter. Big Lots earned $1.09 per share,…
Investments in Fourth Generation (4G) in Nigeria and Africa dropped by seven per cent in 2020, the International Telecommunications Union (ITU) has said. This is even as the Nigerian Communications…
American tech giant Microsoft has been awarded a U.S patent for techniques, for implementing a cross-chain token management system, to help users develop blockchain applications by making it easier and…
The federal government has given an undertaken to clear the arrears of the consequential adjustment on the new minimum wage owed members of the Senior Staff Association of Nigerian Universities…
The Nigerian banking industry would have recorded a return on average equity (ROE) of 31.6 per cent if not for the aggressive implementation of the cash reserve requirement (CRR) policy…
Video game developer Nexters and a Russian special purpose acquisition company (SPAC) Kismet (KSMT.O) have completed their business combination to start trading Nexters Inc. shares on the U.S. Nasdaq on…
The Chartered Institute of Bankers of Nigeria (CIBN), Lagos State chapter has suggested the restructuring of existing systems for tax expansion to improve the nation’s domestic revenue and tackle debt.…
Nigeria’s Gross Domestic Product (GDP) grew by 5.01% (year-on-year) in real terms in the second quarter of 2021, marking three consecutive quarters of growth following the negative growth rates recorded…
The Federal Government spent N2.02tn on debt servicing in the first six months of this year. This figure represents 90.58 per cent of the total revenue of N2.23tn generated by…
President Muhammadu Buhari, has announced a N287 billion profit after tax for the Nigerian National Petroleum Corporation (NNPC) in the 2020 financial year. According to a statement by Special Adviser…
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,…
Xpeng’s president says the Chinese electric vehicle maker is on the “right side of the regulation,” as Chinese authorities tighten rules around data privacy with rules aimed specifically at automakers.…
Apple will allow app developers to email their users about non-Apple purchase options, in a major change to App Store policies. Previously, Apple prohibited app makers to steer users through…
The U.S. Department of Education announced Thursday it will cancel $1.1 billion in student debt for 115,000 borrowers. The relief will go to those who attended ITT Technical Institute, a…
Benyamin Ahmed isn’t your average 12-year-old. When he’s not at school, he enjoys swimming, taekwondo — and learning how to code. At just 5 years old, Ahmed began programming after…
Nigeria’s gross domestic product (GDP) increased by 5.01 percent in the second quarter of 2021 — strongest growth since fourth quarter 2014. This is according to the second-quarter GDP report…
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. China’s campaign to clamp down on industries ranging from steel to education to property…
Britain’s consumer-facing companies including bars and restaurants turned pessimistic about the outlook in August as a shortage of workers to fill jobs after lockdown adds to costs and operational difficulties.…
Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut short a three-day rally, and as production returned in Mexico.…
The Central Bank of Nigeria CBN, has pledged to raise over $2 billion to increase and improve girl child education in the country in line with the Sustainable Development Goal…
Digital Money Transfer firm, World Remit, now Zeps has has announced that it raised $292 million in new primary Series financing, thus achieved a valuation of $5 billion. The company…
Oil steadied after the biggest three-day gain since March with falling U.S. crude and fuel stockpiles adding some positive signs to a market that’s still grappling with the latest Covid-19…
The Nigerian National Petroleum Corporation on Wednesday provided a base crude oil price scenario in the medium term, stating that the commodity was pegged at $57/barrel for 2022. Group Managing…
Nigeria’s Gross Domestic Product (GDP) grew by 5.01%(year-on-year) in real terms in the second quarter of 2021, marking three consecutive quarters of growth following the negative growth rates recorded in…
Technology firms in London are finding it increasingly difficult to recruit tech workers as Silicon Valley tech giants scale up their operations in the U.K. capital. U.S. tech behemoths including…
Data usage in Nigeria surged by 202.08 per cent in three years, according to data from the Nigerian Communications Commission. According to the subscriber/network data reports of 2018, 2019, and…
Nigerian National Petroleum Corporation (NNPC), yesterday, assured Nigerians that the importation of petroleum products into the country would soon be over. Group Managing Director (GMD) of NNPC, Mallam Mele Kyari,…
As Africa gears toward the implementation of the African Continental Free Trade Area (AfCFTA) agreement, stakeholders at a virtual event to commemorate the 46th anniversary of the EconomicCommunity of West…