Real Time Financial News Website
President Muhammadu Buhari on Thursday received the final report on the forensic audit report of the Niger Delta Development Commission (NDDC) from the Minister of Niger Delta Affairs, Godswill Akpabio.…
Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have shown. Sadly, the naira yesterday plunged to a new low at the…
Taxpayers and business owners are scratching their heads over the authority to remit Value Added Tax (VAT), as the Federal Inland Service (FIRS) and state governments lay claim to the…
The Federal Government has unveiled two aircraft earmarked for Airborne Geophysical Survey activities to enhance mining data collection in Nigeria. Speaking during the inspection of two survey aircraft at the…
The Senate on Thursday, raised the alarm that the Security and Exchange Commission, was gradually becoming insolvent and could go bankrupt very soon. The red chamber gave the verdict when…
The Senate, yesterday, expressed apprehension that the Security and Exchange Commission (SEC) could become liquidated by 2023, following revelations by its Director General (DG), Lamido Yuguda. The DG disclosed that…
The Nigeria Extractive Industries Transparency Initiative on Thursday signed a Memorandum of Understanding with the Independent Corrupt Practices and Other Related Offences Commission on monitoring illicit transactions in the oil…
Housing prices have shot up across cities in Asia-Pacific this year, fueled by record low interest rates amid the pandemic. Optimism has also gained steam as vaccination rates gain pace,…
The Nigerian Bulk Electricity Trading Plc has revealed that market receipts remitted by Distribution Companies in June 2021 amounted to N26.81bn. NBET also disclosed in a statement issued on Thursday…
The Twitter ban in Nigeria is still in effect according to the Director, Public Affairs, Nigerian Communications Commission, Dr Ikechukwu Adinde. Adinde said that there had been no communications from…
The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid the lingering scarcity of foreign exchange in Nigeria. The value…
European markets were fractionally lower on Friday morning as investors awaited key economic indicators out of the euro zone and the U.S. The pan-European Stoxx 600 slipped 0.2% in early…
Chinese investors are turning to the local stock market as once-lucrative options like real estate and cryptocurrencies have fallen under tighter government scrutiny. Since late July, daily trading volume in…
Alibaba will invest 100 billion yuan ($15.5 billion) over the next few years into “common prosperity” initiatives, joining a chorus of technology giants pouring money into President Xi Jinping’s goal…
Four northern Nigerian states introduced restrictions on movement to curb attacks that have disrupted economic activities and displaced thousands of people. Niger and Kaduna, states near the capital city of…
Oil declined after OPEC+ stuck with a plan to boost crude production, with the cartel wagering that the global market can absorb the additional supply as demand improves and stockpiles…
Commercial loans obtained by Nigeria through Eurobonds rose from $1.50bn as of December 31, 2015 to $10.87bn as of December 31, 2020, indicating a $9.37bn or 625 per cent increase…
The Bank for International Settlements will test the use of central bank digital currencies with Australia, Malaysia, Singapore and South Africa in an experiment that could lead to a more…
Asian currencies were largely mixed on Thursday, with the Philippine peso and the Thai baht leading declines as rising coronavirus cases in the region weighed on sentiment, while the Indian…
The Senate on Wednesday accused Government Owned Enterprises of worsening the current dwindling revenues in the country by engaging in spending spree instead of remitting the appropriate funds into the…
Sterling edged higher on Thursday, driven by dollar weakness after disappointing U.S. labour data, while traders waited for the fuller jobs report on Friday to give new momentum to currency…
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo yesterday said the economy was coming back strongly adding that foreign investors are making a commitment to invest in the…
The Nigerian Naira has slumped to an all-time low of N528 to the dollar in street trading as pressure continues to mount on the domestic currency in the parallel market…
OPEC and its allies agreed to stick to their existing plan for gradual monthly oil-production increases after a brief video conference. Ministers ratified the 400,000 barrel-a-day supply hike scheduled for…
U.S. bank JP Morgan has agreed to a 25 million euros ($29.6 million) fine in a settlement of a tax fraud case, French financial prosecutors’ office said on Thursday. The…
The number of Americans filing new claims for jobless benefits fell last week, while layoffs dropped to their lowest level in more than 24 years in August, suggesting the labor…
China’s President Xi Jinping on Thursday (Sept 2) said the country would set up a stock exchange in its capital, Beijing, to serve small and medium-sized companies. “We will continue…
It’s been a long time coming but Facebook is finally feeling some heat from Europe’s much trumpeted data protection regime: Ireland’s Data Protection Commission (DPC) has just announced a €225…
Telkom South Africa’s Openserve wholesale unit has informed its ISP partners of its plan to cease offering copper-based services from next month. As part of the notice, Openserve said it…
The Nigerian Communications Commission (NCC) will hold a public inquiry on three draft regulations and guidelines concerning the country’s telecoms market. Interested stakeholders have been invited to make written submissions…