Real Time Financial News Website
The Central Bank of Nigeria (CBN) has denied allegations that it failed to remit 80 per cent of its operational surpluses into the Consolidated Revenue Fund (CRF) in the last…
The Vice-President, Prof. Yemi Osinbajo, has said the banning or restriction by a growing number of wealthy nations of public investment in fossil fuels, including natural gas, will hurt Nigeria.…
The National Insurance Commission has issued a directive to transit from manual to online processing and all operational activities including submission and processing of requests from insurance companies. According to…
China banned reality talent programmes Thursday and ordered broadcasters to promote more masculine representations of men, in a wide-ranging crackdown on “immoral” pop culture Beijing believes is leading young people…
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…
U.S. stock futures were little changed early Thursday morning after the S&P 500 finished the first trading session of the month near the flatline. Dow Jones Industrial Average futures were…
Nio and Xpeng deliveries dropped in August as the chip shortage and supply chain constraints hit the Chinese electric vehicle makers. Li Auto was the only company out of the…
European stocks edged higher on Thursday morning as investors geared up for the next reading of U.S. nonfarm payrolls which is due Friday. The pan-European Stoxx 600 added 0.3% by…
The European Central Bank will announce the reduction of its Covid-related stimulus in December, four analysts told CNBC amid an economic improvement in the euro zone. In the United States,…
The S&P 500 closed the first trading day of September near the flatline as the strength in technology shares faded, while investors digested a disappointing employment report. The broad equity…
U.S. companies created far fewer jobs than expected in August as the Covid resurgence coincided with cutbacks in hiring, according to a report Wednesday from payroll services firm ADP. Private…
Shares in Asia-Pacific were mixed in Thursday trade as Australia reported a higher-than-expected trade surplus in July. The S&P/ASX 200 in Australia shed 0.72%. Australia recorded a trade surplus of…
Apple on Wednesday said that some apps will be allowed to provide a link to their websites to prompt users to sign up for a subscription. Apple previously forbid app…
Chinese regulators have summoned and interviewed 11 ride-hailing firms asking them to rectify non-compliant behavior. The Ministry of Transport, along with a number of other regulators including the Cyberspace Administration…
The Chairman, Board of Directors of New Nigeria Development Company Limited, Tanimu Yakubu, has said the company’s shareholders will receive dividends after a very long period. Yakubu said this while…
Financials led the market in a red-hot rally in August. The sector gained 5% last month, narrowly edging out communications services as the top performer of the S&P 500. “The…
Virgin Galactic could be setting up for a sustained move higher. Jefferies initiated coverage of the space travel stock with a buy rating on Tuesday, sending shares nearly 9% higher…
Ambarella — Shares of the semiconductor company surged 20% after Ambarella beat expectations on the top and bottom lines for its second quarter. The company reported 35 cents in adjusted…
The Senior Special Adviser to the President of the Africa Development Bank on Industrialisation, Prof Banji Oyeyinka, has disclosed that $520m has been earmarked for the development of the first…
Local communities in Nigeria’s Delta Region have spent years waiting for lawsuits against foreign oil companies for environmental damages. Tensions are rising again after a new law was made public.…
The dollar fell against a basket of major currencies on Wednesday after a report on the U.S. labor market fell well short of expectations, while the euro held near a…
A giant oil refinery complex being built in Nigeria by a company owned by Aliko Dangote, Africa’s richest person, will cost more than double the amount originally projected. “Our capex…
An index measuring South African factory sentiment jumped by a record in August as conditions normalized after deadly riots, looting and arson disrupted supply chains, industrial output and demand for…
Nigeria’s external reserves rose by $500m in one week to the highest point in more than two months, according to the latest data from the Central Bank of Nigeria. The…
The Acting Managing Director, Nigeria Port Authority (NPA), Mohammed Bello-Koko, on Tuesday accused Naval personnel and Police officers in Lagos of illegally escorting cargoes from the nation’s port. Bello-Koko said…
EFG Hermes, financial services corporation in frontier emerging markets, says the release of the $3.35 billion Special Drawing Rights (SDRs) by the International Monetary Fund (IMF) is expected to stabilise…
The Central Bank of Nigeria (CBN) has confirmed the appointment of Mr. Osita Nwanisobi as the Director, Corporate Communications Department, with effect from August 25, 2021. Nwanisobi had acted in…
China’s yuan softened against the U.S. dollar on Wednesday, after signs of slowdown in factory activity and on expectations of more downward pressure on the Chinese currency. The yuan opened…
Rivals such as Bumble and Tinder-owner Match Grouping trade at about 50 times their expected core earnings. That means ParshipMeet could be valued at more than 4 billion euros in…
Hewlett Packard Enterprise Co (HPE.N) on Wednesday said it won a 10-year, $2 billion contract to supply high-performance computing systems to the U.S. National Security Agency (NSA). The systems will…