Real Time Financial News Website
The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of 6%, IMF chief Kristalina Georgieva said on Tuesday, citing risks associated with…
Robinhood Markets Inc said on Tuesday it had introduced 24-hour customer phone support, seven days a week, addressing criticisms over the app-driven retail brokerage’s communications that were also implicated in…
Bitcoin, the world’s biggest cryptocurrency by market value, rose above the $50,000 mark for the first time in four weeks on Tuesday, adding to a series of gains since the…
Facebook’s six-hour outage the previous day shows the repercussions fn relying on just a few big players and underscores the need for more rivals, EU antitrust chief Margrethe Vestager said…
The Economic and Financial Crimes Commission (EFCC) has begun an investigation into an alleged multi-billion naira fraud at the Central Bank of Nigeria which centres around the disbursement of loan…
Oil prices climbed above $81 on Monday as the Organisation of Petroleum Exporting Countries and its allies announced that it would maintain its steady output increase by 400,000 barrels per…
BluePeak Private Capital, an alternative investment firm with a strong focus on Africa, announced that it has raised capital of more than US$100 million for the initial closing of its…
Cryptocurrency exchange, Yellow Card, has announced a $15M Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring and continue its expansion across the continent. The…
Asian shares tracked a broad sell-off on Wall Street to weaken for a third straight session on Tuesday, as investors feared oil prices hitting multi-year highs would add to inflationary…
Private equity firm Development Partners International (DPI) said on Thursday it has sold about a third of its stake in African quick-service restaurant group Food Concepts to African Capital Alliance…
Andela, a startup that connects African software engineering talent to global companies has raised $200 million from investors led by SoftBank Group Corp., a Japanese tech investor. The seven-year-old, New-York…
In a historic first, Russia has launched an actor and a film director into space to make a feature film in orbit — a project the nation’s space chief has…
The Lagos-Ibadan rail line will employ 1,000 additional workers at the cost of N567.45m per annum. The Managing Director, Nigerian Railway Corporation, Mr Fidet Okhiria, disclosed this in Lagos when…
A San Francisco federal court decided that Tesla must pay a former worker, Owen Diaz, around $137 million after he endured racist abuse working for the company, his attorneys Said.…
Airtel Africa has announced that its subsidiary, Airtel Networks Ltd. (Airtel Nigeria), has initiated a process to buy back 8.27 per cent minority shareholdings at N55.81 per share. The Group…
Unfavorable exchange rate movement exerted pressure on cost, leading to a rise in purchase price inflation. Stanbic IBTC Bank Nigeria disclosed in its Purchasing Managers Index report for the third…
The global economy lost billions of dollars as Facebook, WhatsApp, and Instagram went down at about 4.42pm on Monday. According to NetBlocks, which tracks internet outages and their impact, the…
Nigeria spent N1.47tn on debt servicing payments in the first half of 2021, data obtained from the Debt Management Office have shown. In the first quarter of the year, the…
On the heels of Evergrande’s debt crisis, there are increasing signs of stress in China’s property market after one developer failed to make a bond payment on Tuesday. Ratings agencies…
Indebted developer Evergrande is set to sell part of its stake in its property services unit, the second asset sale in as many weeks as the liquidity-squeezed property giant scrambles…
British financial technology firm Monzo has withdrawn its application for a U.S. banking license following discussions with regulators at the Office of the Comptroller of the Currency. The London-headquartered mobile…
Jaiz Bank Plc has projected a net operating income of N4.68bn in the fourth quarter of the year 2021. An earnings forecast document signed by its Executive Director of services…
Cloud Exchange has launched Africa’s first uptime institute tier IV modular prefabricated data centre in collaboration with Huawei. According to the company, it is a leading system Integrator in West…
Up to 100 times faster than 4G, 5G, the fifth generation of cellular networks, is creating never-before-seen opportunities for people and businesses. With faster connectivity speeds, ultra-low latency and greater…
Procter & Gamble (P&G) is raising Nigeria’s capability to earn foreign exchange (forex) through its ongoing strengthening of manufacturing and supply chain operations the would promote export and advance inclusive…
The Insurance Industry’s Gross Premium Income (GPI) grew by 15 per cent year-on-year to N592.3 billion in the financial year ended December 31, 2020, estimates by Agusto & Co have…
The World Bank has said it approved $11.5bn in lending to Western and Central African countries for 98 operations. The World Bank said this in its ‘Annual Report 2021: From…
Capital market regulating bodies and other stakeholders have called on operators in the technology industry to leverage on capital market platforms to raise cheap capital needed for expansion. The regulators…
Three youth teams from Nigeria, Ghana and Kenya have celebrated their achievements at the British International Education Association’s 2021 International STEM Competition. According to a statement issued by, the teams…
Tesla delivered 241,300 electric vehicles during the third quarter of 2021, the company reported Saturday. The quarter’s deliveries topped expectations. Analysts predicted that Tesla would deliver around 220,900 electric cars…