Real Time Financial News Website
The Corporate Affairs Commission (CAC) on Wednesday, said that it has completed the incorporation of Nigerian National Petroleum Company (NNPC) Limited in accordance with the provisions of the Petroleum Industry…
At the end of Wednesday trading session, the Nigerian Exchange market closed positive amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 189 basis points, while the…
U.S. stock index futures rose during early morning trading on Thursday, after tech stocks dipped again as investors digest the impact from higher rates. Futures contracts tied to the Dow…
Danish shipping giant, AP Moller-Maersk, will bank close to $1bn after agreeing a sale of its refrigerated container making business. According to TradeWinds, Maersk Container Industry is being acquired by…
Shell Nigeria Exploration Company Limited has announced that it had donated subsea training facilities worth over $700,000, about N287.88m, to the University of Port-Harcourt in collaboration with the Nigerian National…
Google is redesigning its dominant search engine, and users may find that future results keep them on Google’s own properties for even longer. At its second annual search event, called…
The 2021 Annual Statistical Bulletin of the Organisation of Petroleum Exporting Countries released on Wednesday showed a drop of 543 million barrels in the crude oil reserves of Nigeria. Figures…
Shares in Asia-Pacific traded mixed on Thursday, as investors reacted to the release of Chinese factory activity data for September. Mainland Chinese stocks advanced, with the Shanghai composite up 0.37%…
Abrupt power cuts in parts of China are pushing some foreign companies to invest in other countries instead. In the last several days, many local Chinese governments have restricted power…
Google-owned YouTube banned prominent anti-vaccine accounts in an effort to strengthen its policies on misinformation around vaccines, the company said in a blog post Wednesday. It will also ban misinformation…
Instagram announced that it is pausing its planned version of the social media platform geared towards children under the age of 13 called “Instagram Kids.” The company began the project…
The Bank for International Settlements has said digital currencies will reduce the cost of cross-border payments. BIS said this in a report titled ‘Inthanon-LionRock to mBridge: Building a multi CBDC…
African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat have announced the commencement of the Pan-African Payment and Settlement System (PAPSS), a financial market infrastructure to…
Honor, the smartphone brand Huawei spun off last year, is beginning to regain share in China’s fiercely competitive mobile phone market. Honor notched a 15% market share in China in…
ASML has raised its long-term outlook following a surge in demand for the semiconductors that its machines help to make. The Dutch company, which makes the lithography equipment that’s used…
Knowledge Hub 365, an enterprise training portal, has begun offering e-courses in Nigeria. In a statement on Tuesday, the company said it offered over 80,000 courses from the biggest e-learning…
Heifer International has appointed Rufus Idris as its new Country Director for its Nigeria operations. In a statement issued by the firm, Senior Vice President for Africa Programs at Heifer…
Higher interest rates took some recent wind out of the sails in the mortgage market. After gains the previous week, total mortgage application volume fell 1.1% last week from the…
The House of Representatives has passed the 2022–2024 Medium Term Expenditure Framework and Fiscal Strategy Paper as presented by the President, Major General Muhammadu Buhari (retd.). The passage followed consideration…
Chinese automaker Geely Holding is jumping into the smartphone business after its founder set up a new company. Hubei Xingji Shidai Technology Co. Ltd, founded by Eric Li, signed a…
The exchange rate between the naira and the US dollar closed at N414.83/$1, at the official Investors and Exporters window. Naira appreciated marginally against the US dollar on Monday, to…
The Central Bank of Nigeria’s eNaira website has gone live ahead of October 1 official launch. According to the website, www.enaira.com, “eNaira is a CB -issued digital currency that provides…
The Securities and Exchange Commission, SEC, is considering the regulation of fintech operations in the capital market in order to protect investors’ interest. SEC’s Director General, Mr Lamido Yugudu, disclosed…
Oil prices climbed, Tuesday, to the highest level in three years on mounting expectations that the global natural gas crisis will spill over into other commodities at the same time…
The global chip shortage will become less severe in the second half of 2022, AMD CEO Lisa Su said on Monday, though she warned that the first half of the…
Stocks in Asia-Pacific were mixed in Tuesday trade, as various firms downgraded China’s GDP forecasts. Goldman Sachs on Tuesday slashed its China GDP growth expectations to 7.8%, down from the…
The Central Bank of Nigeria has said the e-Naira will provide a secure and cheaper Diaspora remittance option, this was said on its newly launched website for the eNaira. According…
Stock market activities on Monday declined as trading volume and value of shares dropped by 77.99 per cent and 73.49 per cent respectively, with investors losing N51.03bn as trading ended.…
The Chartered Institute of Stockbrokers has said it plans to hold a capacity building session on modern techniques of marketing financial products and services for its members. A statement from…
The SuperTV has launched an online movie streaming terrain with matchless Zero Data as Nigeria marks 61st independence. A statement obtained on Sunday said that the Chief Executive Officer, SuperTV,…