Real Time Financial News Website
More Chinese consumers are rushing to order Apple’s latest iPhone now than last year, according to a South China Morning Post report published Thursday. More than 2 million pre-orders have…
The Lagos Chamber of Commerce and Industry (LCCI) has advised that the current sharing formula of taxes for states and local government areas be adjusted using the factors of equality,…
The land mines for the markets are becoming more numerous. Seasonal weakness is combining with continuing uncertainty over the impact of the delta variant on consumer behavior, high labor and…
The Debt Management Office (DMO) has disclosed that Nigeria’s public debt, comprising domestic and external obligations of the Federal Government, the 36 State Governments and the Federal Capital Territory (FCT),…
United State Treasury yields rose slightly on Thursday morning, ahead of the release of weekly jobless claims data. The yield on the benchmark 10-year Treasury note rose less than a…
Google Cloud CEO Thomas Kurian is shaking up the unit’s engineering organization in hopes of gaining market share more quickly. Kurian announced a number of changes among its technical leadership…
The Chief Executive Officer of the Guaranty Trust Holding Company Plc, Mr Segun Agbaje, has said that Nigerian lenders likely do not have enough dollars to fund clients interested in…
The National Bureau of Statistics on Wednesday said that the composite food index rose by 20.30 per cent in August compared to 21.03 per cent recorded in July 2021. This…
The yuan eased against the dollar on Wednesday, as outbreaks of coronavirus Delta variant infections raised concerns over China’s economic recovery. The southeastern province of Fujian reported its fifth straight…
The Minister of Youth and Sports Development Sunday Dare during the signing of a landmark partnership between Konga and the Ministry aimed at generating creative employment for millions of Nigerian…
Besides being a key ingredient for cooking jollof rice, vegetable oil is used industrially in paints, soaps, biofuels, and lubricants. But getting the oil from palm nuts can be a…
The CBN should institute a framework that allows BDCs, which have automated their operations, to receive the estimated $34 billion diaspora remittance into the economy to boost dollar reserves, writes…
The Minister of State for Solid Minerals, Mines, Steel Development, and Metallurgy, Dr. Uche Ogah has called on the National Assembly to urgently come up with legislation that would place…
The Central Bank of Nigeria announced that InfraCorp Plc, the N15trn Infrastructure Fund which will boost funding for capital projects, will be launched in October. The Central Bank of Nigeria…
The Canadian dollar on Tuesday strengthened against its U.S. counterpart for a second day as oil prices rose and data showing softer U.S. inflation weighed on the greenback. The price…
Retail investors’ appetite for U.S. stocks has fallen in the past week, data from Vanda Research showed on Wednesday, increasing the odds for a broader sell-off in the S&P 500…
About 66 percent of Nigerian firms have reported an increase in phishing attacks since the pandemic started. Sophos, a cybersecurity firm, in its “Phishing Insights 2021,” revealed that phishing attacks…
Investing and savings app Acorns has hired a former Amazon executive and fintech CEO to lead day-to-day operations ahead of the start-up’s debut as a public company, CNBC has learned.…
Alphabet Inc’s Google said on Wednesday its presence in South Korea equates to nearly 12 trillion won ($10.16 billion) in economic benefits for its users, as the U.S. tech giant…
Naira depreciates as the exchange rate at the parallel market depreciated again to another all-time low on Tuesday to close at N557/$1 compared to N550/$1 recorded in the previous trading…
U.S. import prices fell for the first time in 10 months in August amid a decline in the costs of petroleum products, further evidence that inflation had probably peaked. Import…
Goldman Sachs is acquiring digital lender GreenSky for $2.24 billion as the investment bank pushes further into consumer finance. Greensky shares soared higher on Wednesday following a move by Goldman…
Weber (WEBR) – The grill maker’s stock jumped 3.8% in the premarket, following its first quarterly report since going public in August. Weber’s sales rose 19% from a year earlier,…
The Singapore-based Carousell said it is now valued at $1.1 billion — which makes it Southeast Asia’s latest unicorn, a start-up worth more than a billion dollars.
Despite the bountiful profits reported by deposit money banks in the country in their Q2 reports, it has emerged that double-digit inflation rate, among other factors, drove a total of…
Global stocks eased on Wednesday as weaker-than-expected Chinese data cast a pall over economic recovery and a spike in UK prices fueled the intense debate over inflation’s staying power. The…
Austrian Technologies Nigeria, a natural gas-powered vehicle manufacturer, has disclosed details of its full range of ECO-Green buses, some of which the company says are already in Nigeria. The vehicle…
The cryptocurrency market in Nigeria and other African countries have grown by 1200 per cent in one year. This was disclosed in a report by Chainalysis on Tuesday. According to…
The Consumer Price Index which measures inflation rate fell to 17.01 per cent in August, the National Bureau of Statistics said on Wednesday. According to the latest CPI report, this…
United State Treasury yields were mixed on Wednesday morning, following data which showed lower-than-expected inflation. The yield on the benchmark 10-year Treasury note rose less than a basis point to…