Real Time Financial News Website
The financial services industry dominated, in volume terms, last week’s transactions at the equities sector of the Nigerian Exchange Limited (NGX), leading the activity chart with 445.3 million shares valued…
Wild swings in cryptocurrencies will eventually drive bitcoin investors to return to gold, says the executive chairman of gold mining firm Evolution Mining. Jake Klein said bitcoin still has a…
T-Mobile US Inc (TMUS.O) said on Friday an ongoing investigation into a data breach revealed that hackers accessed personal information of an additional 5.3 million customers, bringing the total number…
A technology entrepreneur who invested in the studio behind the “Twilight” films was sentenced to five years in prison on Thursday after being convicted of fraud related to the video…
China’s SenseTime, which sells augmented reality technology to other companies, has seen global daily active users of that tech grow to 100 million from its launch of the business in…
Nvidia Corp’s (NVDA.O) planned $40 billion acquisition of British chip designer ARM hit a major hurdle on Friday after a UK regulator found it could damage competition and weaken rivals,…
Federal Reserve Chair Jerome Powell will speak on “the economic outlook” at next week’s Jackson Hole, Wyoming symposium, the central bank said on Thursday. The generic description for the highly…
Microsoft Corp (MSFT.O) has invested $5 million in SoftBank-backed Oyo, according to a regulatory filing, ahead of the Indian hotel chain’s plan to go public. Oravel Stays Pvt Ltd (Oyo)…
Deere & Co (DE.N) on Friday raised its full-year earnings forecast after quarterly profit topped Wall Street estimates on the back of strong demand for farm and construction equipment. The…
Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), has asked banks to collaborate with the agency in tackling fraudulent election financing and foreign exchange malpractices. Wilson Uwujaren,…
Senator Francis Fadahunsi, has disclosed that officials of the Nigerian Customs Service, NCS, going out on field operations are accompanied by Nigerian Army, NA, officers that are not cleared from…
The signing into law of the Petroleum Industry Bill (PIB) by President Muhammadu Buhari has continued to elicit different reactions from industry players and stakeholders from the host communities. While…
The Federal Ministry of Communications and Digital Economy and its departments and agencies have collectively generated a total of N1.05 trillion in the last two years. Minister of Communications and…
Oil prices came off three-month lows on Friday but were on track for a weekly decline of around 6% as new lockdowns in countries with low vaccination rates facing surging…
Without an active conversion industry for vehicles and other machinery, the core mandate of the Nigerian Gas Expansion Programme (NGEP) might be frustrated, operators have warned. One of the downstream…
Oil was up Friday morning in Asia, climbing up from three-month lows. However, the black liquid was set for a weekly decline of around 6% as the restrictive measures in…
The Federal Government says from the 10 demands put forward to lift Twitter suspension, the microblogging and social networking platform has acceded to seven. The Minister of Information and Culture,…
Despite opportunities the telecommunications revolutions have offered the country this 20 years, especially with 297 million telephone lines connected, insecurity and low financial inclusion remain key challenges yet to be…
EUR/USD rebounds and USD/JPY pivots lower. This follows the release of FOMC minutes just now, which seems to have disappointed Fed hawks. The FOMC minutes did note that conditions would…
The Canadian dollar fell on Thursday for a fourth day against its broadly stronger U.S. counterpart, as investors worried that global economic growth could slow and that the Federal Reserve…
The number of companies across the different sectors of the Nigerian economy adopting emerging technologies like the internet of things (IoT) has grown in recent times, according to expert view.…
The Naira weakened for a second trading session at the unregulated segment of the foreign exchange (forex) market on Thursday, August 19. During the trading day, the Nigerian currency depreciated…
The House of Representatives yesterday expressed displeasure over the way some Ministries, Departments and Agencies (MDAs) conceal their revenues, thereby denying the federal government the much-needed fund to fund its…
Suddenly the naira shot through to five hundred and twenty five to the dollar at the unencumbered parallel market after the announcement that CBN would no longer sell dollars to…
Sterling touched a new one-month low against a robust dollar on Friday and also slipped to a one-month low against the euro as global risk aversion propelled investors towards currencies…
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has urged members of the Board of the NNPC Greenfield Refinery Limited (NGRL), to explore all…
Facebook on Thursday launched a test of a new virtual-reality remote work app where users of the company’s Oculus Quest 2 headsets could hold meetings as avatar versions of themselves.…
President, Shippers Association of Lagos (SAL), Rev. Jonathan Nicol has said that Nigerian shippers are going bankrupt, as they are unable to repay the loans collected from the commercial banks.…
Travel stocks have taken a hit this week as fears over the delta variant grow. As of Thursday’s close, hotel stocks such as Hyatt, Hilton, Marriott and InterContinental were on…
Hong Kong’s exchange was cleared to start offering long awaited A share index futures contracts, giving global investors a new tool to hedge China risk. Hong Kong Exchanges & Clearing…