Real Time Financial News Website
European stocks are expected to open mixed on Tuesday, reflecting similar trade in their Asia-Pacific counterparts overnight. London’s FTSE is seen opening 22 points lower at 7,165, Germany’s DAX18 points…
El Salvador bought roughly $20.9 million worth of bitcoin, one day before it formally adopts the world’s most popular cryptocurrency as legal tender. In a series of tweets Monday, President…
LOTUS Bank has announced the opening of three new locations in Lagos State in a bid to expand its footprint in the country after receiving a licence to operate as…
Ecobank Transnational Incorporated has announced the receipt of a $75m perpetual non-cumulative additional tier-1 capital investment from Arise B.V ETI announced this on Monday in a statement released to the…
The GMD of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said the earliest the corporation can issue its Initial Public Offer (IPO) to investors is in three years.…
Following comments attributed to the Nigerian Senate that the Securities and Exchange Commission (SEC) was gradually becoming insolvent and could go bankrupt very soon, Director-General, of the SEC, Mr. Lamido…
Central banks in more than 70 countries are presently studying or at advanced stages of developing their Central Bank Digital Currency (CBDC), which are digital representations of fiat currencies developed…
Heavy transactions in the shares of Transnational Corporation of Nigeria (Transcorp) Plc, Honeywell Flour Mill Plc and Access Bank Plc last week, lifted the volume of shares traded, as a…
The Nigerian Communications Commission has proposed a fine of N200,000 for mobile communications services providers that fail to verify and validate biometric, National Identity Number and other personal information of…
India, Netherlands and Spain have now filled the vacuum left by the United States as top buyers of Nigeria’s crude oil, according to a document obtained from the Nigerian National…
The Oil and Gas Free Trade Zones Authority has attracted the sum of $16.6bn foreign direct investment into the economy within a 20-year period spanning 2001 to 2020. During the…
Every year since at least 2014, more than half of Amazon’s operating profit has come from the online retailer’s cloud division, Amazon Web Services, which provides online services and tools…
In the past few weeks, Apple has madeseveral changes to its App Store rules, allowing a larger number of companies to access a lower commission rate or evade Apple’s mandatory…
CapitalSage Technology Limited a Fin Tech company has raised a N2.2bn series 1 Private Company Notes issue, under its N10bn programme. In a press release, the company said the capital…
The capital will be deployed to scale pawaPay’s operational presence, find more talent to join the team, and expand into new markets on the continent. PawaPay app How pawaPay Works…
The equities listed on the Nigerian Exchange Limited shed N117.03bn last week, with analysts attributing the market downturn to profit-taking by investors. The NGX All-Share Index and market capitalisation declined…
Yield Uganda Investment Fund, an agribusiness impact vehicle managed by Pearl Capital Partners, and FCA Investments have committed €1.3 million ($1.54 million) to Uganda’s AMFRI Farms Ltd. AMFRI Farms, which…
The Founder, Dangote Industries Limited, Alhaji Aliko Dangote has said the construction of the Dangote Petroleum Refinery is a result of his desire to help the Nigerian Government tackle the…
Agricorp International, Nigerian based spices producing, processing, and exporting company has raised $17.5 millionin Series A funding to increase its processing capacity up to 7000 metric tonnes. This fund was…
Amethis is pleased to announce the sale of its minority stake in Sodigaz APC to African Infrastructure Investment Managers (AIIM). Sodigaz APC is the leading gas bottle (LPG) distributor in…
BYD sold 61,409 new energy vehicles in August, more than four times the amount sold a year ago, as demand for electric cars continues to rise in the world’s largest…
The Lagos State Environmental Protection Agency has issued issued a ‘stop-work’ order to two steel and iron manufacturing companies in Ikorodu, Sun Flag and Top Steel companies. A statement from…
In line with its ambitions to increase access to short let rentals, Shortlethomes, a leading real estate firm, has launched the 1677 Mayfair Apartments in Victoria Island, Lagos. A statement…
Stakeholders in Nigeria’s manufacturing and waste management sectors have commended the Nigerian Bottling Company Limited for its initiatives geared towards optimising plastic packaging and waste management in the country. A…
European stocks are expected to open in mixed territory on Monday as investors digest jobs data from the U.S. Friday which came in far short of expectations. The U.K.’s FTSE…
Singapore’s stock exchange this month launched new rules allowing SPACs to list, a move it hopes will draw more firms to raise funds in the city-state amid an IPO market…
Markets always look to the Labor Department’s monthly employment report with great anticipation. But whether the data disappoints or surprises to the upside often has only a modest effect on…
China’s ride-hailing giant Didi Global Inc (DIDI.N) said on Saturday that media reports that the Beijing city government is coordinating companies to invest in it are not correct. “Didi is…
Investors are girding their portfolios for potential stock market volatility, even as equities hover near fresh highs after logging seven straight months of gains. Utilities (.SPLRCU) are the S&P 500’s…
Italy expects to receive bids by the end of September from companies interested in building a national cloud hub, a 900-million-euro project to upgrade the country’s data storage facilities, a…