Real Time Financial News Website
The U.S. Securities and Exchange Commission (SEC) will seek input on whether digital customer engagement innovations used by financial firms should be governed by existing rules or may need new…
Goldman Sachs economists have raised the odds that the U.S. Federal Reserve will announce the start of tapering its bonds purchases in November, predicting the central bank will likely opt…
The S&P 500 and Nasdaq hit record highs on Tuesday, boosted by oil and travel-related stocks, after a full U.S. approval of a COVID-19 vaccine raised hopes of a quicker…
—Fixes date for 16th Annual General Meeting (AGM) The Lagos Building Investment Company Plc. (LBIC), defied the tough operating environment in the mortgage industry as it has recorded profit in…
Best Buy (BBY) – Best Buy shares rallied 4.3% in the premarket after the electronics retailer beat estimates on the top and bottom lines for the second quarter. Best Buy…
Chinese companies wanting to go public — including overseas — must comply with two main aspects of a wider set of regulations, the vice minister for the country’s cybersecurity regulator…
There may be a new reason to follow the smart money. According to The Leuthold Group’s Jim Paulsen, the stock and bond markets have been delivering opposing messages about the…
Best Buy said Tuesday fiscal second-quarter sales rose nearly 20% as consumers continued upgrade devices and equipment to support habits formed during the pandemic — from hybrid work to streaming…
South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases, the first such…
The Minister of Communication and Digital Economy, Dr. Isa Pantami, yesterday said the communication and digital sector generated over N1 trillion to the federal government between 2019 and 2021. This…
The number of subscribers that left their mobile telecommunications service providers for other mobile networks rose to 1,222,124 in June 2021, data collated from the Nigerian Communications Commission show. In…
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right (SDR) to provide liquidity to countries with foreign exchange reserves…
The Federal government on Monday disclosed plans to unveil the Medium-Term National Development Plan 2021-2025 in October. According to the Minister of State for Finance, Budget and National Planning, Clem…
Nigeria’s financial technology companies have a huge potential to transform the capital markets and effectively build a digital economy. This was disclosed by the Chief Executive Officer of the Nigerian…
United Capital Plc has notified the Nigerian Exchange Limited (NGX) that it has secured the approval of FMDQ Securities Exchange Limited to increase in the size of its existing N20…
CEO Brian Chesky said Tuesday that the program would begin immediately, and that Airbnb would pay for the stays. “The displacement and resettlement of Afghan refugees in the US and…
SoftBank Vision Fund 2 led a $400 million funding round for OPay, valuing the Nigerian mobile-payments platform at $2 billion and marking the investment vehicle’s first bet in Africa. Also…
Xpeng Inc. began shipping its flagship P7 sedan to Europe on Tuesday, underscoring the Chinese electric carmaker’s ambitions to expand internationally. The shipment of P7 models will be sent from…
British Prime Minister Boris Johnson will host an emergency meeting of G-7 leaders Tuesday to address the chaotic situation in Afghanistan and what their next moves will be. The G-7…
Elon Musk said in a series of tweets on Monday that his aerospace venture, SpaceX, has shipped 100,000 Starlink terminals so far, and is now serving 14 countries with license…
Walmart on Tuesday announced the launch of a delivery service called GoLocal, which will carry goods from other local retailers to consumers. The company said it expects to begin shipping…
European stocks edged higher on Tuesday as investors took heart from the U.S. Food and Drug Administration’s full approval of the Pfizer/BioNTech vaccine and calming worries about imminent tapering from…
Hong Kong-listed Chinese tech stocks staged a huge rally Tuesday as investors got a little more clarity on the regulatory outlook and bought some of the names that have taken…
The federal government through the Nigeria National Petroleum Corporation (NNPC) was only able to pay $266.141 million out of an outstanding balance of $1.730 billion of Joint Venture (JV) cash…
Shareholders of quoted companies in the country have disagreed with Securities and Exchange Commission (SEC) on the use of the reported N170billion unclaimed dividend in the Nigerian capital market. They…
Oluchi Chibuzor writes on efforts by Access Bank Plc to protect customers from the activities of fraudsters In recent times, the activities of fraudsters have increased and the banking sector…
The over $1.8million the agency is generating from the lease of the two hoppers is seen by the senior official, as a good return on investment (RoI). NPA, it was…
Brent oil climbed amid a broader market rebound after capping the longest run of declines in more than three years. Futures in London rose 3.2% on Monday, rallying with equities…
Foreign exchange transactions at the Investors’ & Exporters window declined by 24.56 per cent last week, according to FMDQ Securities Exchange Limited. The Central Bank of Nigeria had in April…
Organisers of the International Halal Expo, Abuja Chamber of Commerce and Industry (ACCI) have stated that Nigeria is expected to attract over $150 billion investment from the Halal trade exhibition.…