Real Time Financial News Website
Shares of Tencent and Netease plunged on Thursday after Chinese regulators called them and other gaming companies for an interview, reminding them of restrictions on game time for children. Tencent…
Sterling ticked higher on Thursday after British lawmakers backed Prime Minister Boris Johnson’s tax hikes and was set to end three straight days of losses. The pound had extended its…
The Bank of Canada left rates unchanged on Wednesday and said it expects growth to strengthen in the second half following a shock contraction last quarter, though a fourth wave…
U.S. natural gas futures soared to a seven-year high amid escalating concerns about tight supplies heading into the winter-heating season. Gas prices are soaring across the northern hemisphere as anxiety…
US online payment giant PayPal is set to buy the online Japanese credit specialist Paidy for $2.7 billion, the US company said in a statement Tuesday, a new sign of…
Ten Nigerian banks made N265.96bn from account maintenance and electronic banking fees in 2020. This is as shown by analysing data from the annual reports of the 10 banks. The…
Africa’s technology ecosystem has raised $1.6bn in 2021 so far, compared to $701.5m in 2020, according to a report by Disrupt Africa. The report was titled ‘African tech startups funding…
Nigeria currently controls $285.8 million of the combined African domestic and international global business services (GBS) sub-sector estimated to be $15.1 billion and expected to grow to $19.8 billion by…
The value of Nigeria’s green bonds market has hit $136 million within three years with four issuances recorded since the debut issuance by the Federal Government. In 2017, the NGX…
Options traders are expecting comparatively subdued moves in GameStop Inc shares around its earnings report, as the company that helped spark the so-called meme stock phenomenon prepares to report quarterly…
The Association of Securities Dealing Houses of Nigeria has restated its confidence in the leadership and structure of the Nigerian Exchange Group Plc as the exchange plans its first annual…
Semiconductor supplier Qualcomm is open to working with foundries in Europe if incentive programmed to boost automotive chip production on the continent attract the right partners, Chief Executive Cristiano Amon…
Mortgage rates appear to be stuck in a holding pattern, giving borrowers no particular incentive to act, especially on refinances. Total mortgage application volume fell 1.9% last week compared with…
Intel Corp on Tuesday said it could invest as much as 80 billion euros in Europe over the next decade to boost the region’s chip capacity and will open up…
The pan-European Stoxx 600 fell 1.3% by mid-morning, with autos dropping 1.8% to lead losses as all sectors and major bourses slid into the red. European investors are also erring…
Amazon is introducing its automated checkout technology to two Whole Foods stores, the company announced on Wednesday, marking the latest test of the grab-and-go system in a full-size supermarket. Amazon…
China’s central bank policymakers pushed back Tuesday on expectations they would take aggressive measures to boost economic growth. “China’s monetary policy remains within a normal range,” said Pan Gongsheng, a…
The Dow Jones and S&P 500 fell on Tuesday, as worries over the slowing pace of economic recovery overshadowed hopes that the Federal Reserve would maintain its accommodative stance a…
Toyota said on Tuesday that it expects to spend more than $13.5 billion by 2030 to develop its electric battery system, in a bid to take a lead in the…
First City Monument Bank (FCMB), has been recognised as Best SME Bank in Africa and Nigeria at the Asian Banker Middle East and Africa Regional Awards which held on the…
Ghana’s Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has announced that the delayed national SIM card re-registration exercise will begin on 1 October and run until 31 March 2022, after…
The Netherlands’ State Secretary for Economic Affairs Mona Keijzer has told the House of Representatives that the planned auction for 3.5GHz 5G mobile frequency licences will be delayed due to…
British house prices rose sharply last month in a further sign of strong momentum in the market even after the partial withdrawal of tax breaks on property purchases, a survey…
It is pleasing that commercial bank aircraft lending appears to be reopening following the disruption caused by COVID-19,” said executive chairman Jeff Chatfield Avation PLC (LSE:AVAP), a commercial passenger aircraft…
U.S. stock futures opened slightly higher Monday night after the Dow slipped from a record high on Friday before the three-day Labor Day weekend. Dow Jones Industrial Average futures rose…
Civil Society Organisations on Monday condemned the Federal Inland Revenue Service over its decision to impose taxes on social media activities. The FIRS is currently seeking the approval of the…
United Oil & Gas PLC (AIM:UOG, FRA:1UO) is advancing its deal to sell its North Sea licences, signing a binding agreement with Quattro Energy. The deal, announced initially in August,…
Stanbic IBTC Holdings Plc reported a 52.85 per cent drop in its profit before tax for the first half this year amid a decline in its trading revenue and other…
The equities market of the Nigerian Exchange Limited declined by N4.23bn at the end of trading on Monday amid selloffs in consumer goods stocks. The NGX All-Share Index declined by…
Shares in Asia-Pacific were mixed in Tuesday trade, as data showed China’s August trade data came in above expectations. The Shanghai composite in mainland China rose 0.77% while the Shenzhen…