Real Time Financial News Website
The Standard Organisation of Nigeria has asked electrical dealers to uphold the quality standards for them to benefit from the African Continental Free Trade Agreement. The Director-General, Farouk Salim, gave…
The President of the Federal Republic of Nigeria, Muhammadu Buhari (Retd.), has said that Nigeria needs over $400bn to fund its critical energy needs. Buhari said that $300bn would be…
Huobi, one of the world’s largest cryptocurrency exchanges, said it has ceased new account openings for mainland Chinese users after Beijing renewed a crackdown on virtual currencies. The People’s Bank…
Ninja Van raised $578 million from investors including Chinese e-commerce giant Alibaba Group, making the logistics startup Singapore’s newest unicorn. Besides Alibaba, existing investors B Capital Group—the venture capital firm…
Elon Musk reassured Tesla’s commitment to China, saying the automaker will continue to expand its investments in the country. Musk’s comments came in a pre-recorded question-and-answer style stream at the…
The African Legal Support Facility, which is an initiative created to help governments avert losses from business deals, saved African countries $4bn in the last three years. The African Development…
Google is reducing the amount of revenue it keeps when customers buy software from other vendors on its cloud marketplace, as the top tech companies face increasing pressure to lower…
A container ship said to be the largest in the world has arrived in the UK on its maiden voyage. According to inews, the Ever Ace, built in 2020 for…
The Nigerian Exchange Limited, formerly Nigerian Stock Exchange, revealed in its latest report that year-to-date inflows from foreign portfolio investors into the equity market dropped by N37.85bn, just as outflows…
The Securities and Exchange Commission has said that the capital market raised N176bn in four years and has the potential to bridge the infrastructure gap in the country. A statement…
The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market. Some Bureau de Change operators who spoke to our…
The price of crude oil was up in London on Friday morning, climbing for a fourth day amid tighter supplies and a strong appetite for riskier assets like crude oil,…
Meadow Foods Nigeria Limited through its GrowIT project has announced the completion of the registration and farmland mapping of 20,000 smallholders in Adamawa and Gombe States. In a statement on…
Bitcoin and ethereum tumbled Friday, with traders rattled by tough talk out of China. The price of bitcoin fell 8% to $41,241, according to Coin Metrics data. Ethereum, the second-largest…
The price of Twitter’s shares, being traded on the New York Stock Exchange (NYSE), has gained approximately 3.80% to currently stand at $66.69 per share as of the time of…
The Nigerian Exchange Limited, formerly the Nigerian Stock Exchange, has announced that it would be holding the first Technovation conference to increase technology adoption in and deepen the Nigerian capital…
The National Bureau of Statistics has said that 62 per cent of enterprises use mobile banking for their business operations. The NBS said this in its report titled ‘The impact…
The Taiwan government through its trading council is currently expanding its businesses in Nigeria, the Taiwan Trade Representative in Nigeria, Andy Liu, has said. Liu, who said this on the…
Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc, has urged Nigerians to patronise investment offerings that will stand the test of time. It emphasised the importance…
The Under Secretary General and Executive Secretary, The United Nations Economic Commission for Africa, Dr Vera Songwe, has said that the African Continental Free Trade Area stands to grow Africa’s…
The naira slide to N575 on Thursday despite assurances by the Central Bank of Nigeria that there is sufficient foreign exchange to meet the legitimate needs of Nigerians. The naira…
The British High Commissioner in Nigeria, Catriona Laing, has said Nigeria’s major problem is corruption. She said the country is blessed with the human and material resources needed for its…
Nigerian stocks encountered more strain on Wednesday as the benchmark index slowed 0.05 percent to its lowest point in more than six weeks and trading activity remained subdued, stoking fears…
As the global natural gas crunch hits suppliers and consumers alike, OPEC nations are warning of the knock-on impact for oil markets. Iraq expects higher demand for crude as the…
Czech online grocery delivery startup Rohlik Group said on Thursday it will invest 400 million euros ($469.32 million) in warehouse automation by the end of 2025 to boost efficiency and…
The Norges Bank on Thursday become the first major Western central bank to raise interest rates following the onset of the coronavirus pandemic. After cutting rates three times in 2020…
The Federation Accounts Allocation Committee on Wednesday said it shared a total of N696.965bn as August 2021 revenue to the Federal, States and Local Governments as well as other relevant…
Hong Kong-listed shares of investment holding firm Chinese Estates surged on Thursday after the firm announced plans to potentially dispose of its entire stake in debt-ridden developer China Evergrande Group.…
With no end in sight this year, the ongoing semiconductor chip shortage is now expected to cost the global automotive industry an estimated $210 billion in revenue in 2021, according…
SoftBank Group backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering (IPO) next week to raise around $1 billion, a source told…