Real Time Financial News Website
Ericsson and industry 4.0 partner, Unikie, are collaborating to trial automated factory parking with Ericsson’s 5G standalone (SA) private network. Finnish company Unikie develops software for real-time autonomous operation and…
The Chinese Ambassador to Nigeria, Ambassador Cui Jianchun, has said that the trade volume between his country and Nigeria was $20bn in 2020 despite the coronavirus pandemic. During the period,…
Ant Group will share credit data from its consumer lending business with China’s central bank as part of an overhaul of the fintech giant. Huabei is a consumer loan product…
The Nigerian Content Development and Monitoring Board has begun activities to develop an oil and gas industrial park in Ondo State under its Nigerian Oil and Gas Park Scheme. The…
Investors in the equities market of the Nigerian Exchange Limited – formerly Nigerian Stock Exchange lost N11.02bn at the end of trading on Wednesday as banking stocks declined for the…
The management of the Nigeria LNG Limited has said that marketers do not have enough infrastructure to take up its Liquefied Petroleum Gas supply. The Independent Petroleum Marketers Association had…
Chinese augmented reality (AR) glasses maker Nreal has raised $100 million to fund international expansion and develop new products. Augmented reality refers to technology that allows digital images to be…
A surge in fraud attacks on consumers since the pandemic has become a ‘national security threat’ for Britain requiring government-coordinated action across industries, banking industry lobby group UK Finance has…
The Nigerian Ports Authority (NPA), has stated that Nigeria’s maritime industry accounts for 70% of cargo trade in West and Central Africa, adding that the development of deep seaports could…
Nigeria has now officially written the Organisation of Petroleum Exporting Countries (OPEC), requesting a higher production quota under the OPEC+ accord, as had been predicted by THISDAY. The Minister of…
Analysts have implored the Federal Government and sub-nationals to reduce recurrent expenditure, especially cost of governance, to accommodate more capital projects that could raise government revenue capacity in the near…
The return of foreign airlines into the Nigerian airspace and arrival of new entrants show that foreign airlines are increasing interest in the Nigerian market as travel rebounds. The Federal…
Robinhood is debuting a feature that gives traders more control over digital tokens in its latest expansion in the cryptocurrency space. The newly public brokerage is testing “crypto wallets” with…
The Central Bank of Nigeria has warned Nigerians to be wary of the activities of speculators who sought to manipulate the market for unpatriotic reasons. In a statement by the…
Kia Nigeria has announced the launch of its sophisticated and sporty Kia Seltos compact SUV which the company says comes with assertiveness, cutting-edge technology, and safety features to the global…
Weststar Associates Limited, the authorised general distributor of Mercedes-Benz in Nigeria, has announced the delivery of the new Mercedes-Benz E-Class model to showrooms across the country. A statement from the…
President Muhammadu Buhari (retd.), has asked the Senate to amend certain provisions of the controversial Petroleum Industry Act. He was, however, silent on the contentious three percent equity share approved…
OTC FX Futures (OTC FX Futures) are non-deliverable forwards or contracts where parties agree to an exchange rate for a predetermined date in the future. Reviewing its performance at the…
YET another indication of Nigerian health workers’ discontent with the increasingly inclement working climate in the country was provided last week when the Secretary-General/Registrar of the Nursing and Midwifery Council…
The dollar held below a near one-month high on Wednesday as investors focused on two key risks — a default by Chinese property developer Evergrande and the expected pace of…
With the adoption of digital banking channels and more customers migrating to electronic banking following Covid-19 restrictions, three leading banks, Zenith Bank Plc, Access Bank Plc, and Guaranty Trust Holding…
Dangote Cement Plc has appointed Mr. Philip Mathew its new deputy group managing director and chief executive officer. According to a notice released to the Nigerian Stock Exchange, Matthew has…
DraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, The offer is largely in DraftKings stock, along with cash, according to the sources. Entain…
Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global markets remain haunted by the potential impact on China’s economy.…
Bitcoin struggled for a third day, dropping briefly below $40,000 for the first time since August amid rising criticism from regulators and a general mood of caution in global markets.…
The Debt Management Office disclosed in a statement on its website on Tuesday titled ‘Nigeria raises $4bn through Eurobonds’. This would raise Nigeria’s Eurobond debt from $10.37bn as of the…
The disagreement between the leadership of the Senate and the joint Senate committees that worked on the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper over the oil benchmark…
Nigeria opened the order book for a $3 billion Eurobond offering on Tuesday, aiming to issue the bond next week, according to a notice to investors seen by Reuters. The…
BP Plc fired an ex-oil trader because he voiced concerns about bribes being paid in Nigeria to secure local contracts, according to a sprawling London employment suit that sheds light…
The U.S. Treasury Department announced Tuesday it will sanction a cryptocurrency exchange for its alleged role in laundering ransoms for cyberattacks. It marks the first such action against a virtual…