Real Time Financial News Website
United Bank for Africa Plc has contracted five dealer managers to administer its five-year fixed rate benchmark Dollar- denominated regulation S/144A senior unsecured bond under its Global Medium Term Note…
On Thursday, November 4, 2021, Uber announced its third-quarter earnings. In after-hours trading, shares rose 1% after a dip.A drop in the value of Uber’s investment holdings, especially Didi, led…
The World Bank says it costs more to move goods locally in Nigerian than in the United States of America, stating that the cost of moving goods (per unit distance)…
Social media giant, Twitter is improving on its functionality to allow Spaces users access live audio sessions through the web, without necessarily logging into the platform—a development that will allow those who are not on Twitter to listen in. In…
Energy experts at PricewaterhouseCoopers (PwC) have said that African countries will need an estimated $2.8 trillion investment to transit from its current energy base and achieve the global net-zero emission…
The eNaira, Africa’s first digital currency, successfully completed N46.3 million worth of transactions in less than two weeks of launch. This was disclosed by a senior Central Bank of Nigeria…
Jaiz Bank Plc has declared a N3.3 billion profit before tax of N3.3 billion in the third quarter of this year. This was contained in its financial results for the…
Latest Security report, titled: Out of Sight and Out of Mind, a comprehensive global study highlighting how the rise of hybrid work is changing user behaviour and creating new cybersecurity…
Google has said application to its three-month virtual accelerator programme is now open to startups in Algeria, Botswana, Cameroon, Côte d’Ivoire, Egypt, Ethiopia, Ghana, Kenya, Morocco, Nigeria, Rwanda, Senegal, South…
Meta is in discussion and may soon open its first retail store as it looks to break into the metaverse to allow the former Facebook showcase devices like virtual reality…
Nigeria’s credit to the private sector ballooned to another all-time high of N33.8 trillion as of September 2021. This is according to data from the Central Bank’s money and credit…
The U.S. Justice Department charged a Ukraine national and a Russian in one of the worst ransomware attacks against American targets, court filings showed on Monday. The latest U.S. actions…
Estimated at over 40 million, Nigeria’s unbanked adult population who are mostly in the hard-to-reach rural communities are expected to have access to financial services, thanks to the awaiting mobile…
Robinhood Markets said on Monday a third party had obtained access to the email addresses of about five million of its customers. The fee-free broker said the full names of…
SoftBank Group Corp shares jumped 10% on Tuesday, the first trading session after the Japanese conglomerate said it would spend up to 1 trillion yen ($8.8 billion) buying back almost…
Shares in Asia-Pacific were mixed in Monday trade following overnight gains on Wall Street that took the major indexes to record closing highs. Meanwhile, bitcoin touched a record high. Shares…
The Nigerian stock market began the week on a positive note as investors gained N643.14bn at the end of trading on Monday. The All-Share Index of the Nigerian Exchange Limited…
The Central Bank of Nigeria has fixed the maximum loan amount that a participant in its newly introduced initiative, called ‘The 100 for 100 PPP – Policy on Production and…
Rainoil Limited, a leading player in the downstream oil and gas industry, has completed the acquisition of majority shares in Eterna Plc, a publicly listed oil and gas company. The…
Twitter users have voted that Elon Musk, the billionaire founder of Tesla Inc., should sell 10 percent of his stake in the electric car company to pay tax. Musk is…
The world cryptocurrency market is worth more than $3 trillion for the first time, according to calculations Monday, as mainstream investors increasingly jump on board. The value has reached $3.007…
There was a commotion at the federal high court in Abuja on Monday after the sentencing of Abdulrasheed Maina, former chairman of the Pension Reform Task Team (PRTT).Maina was sentenced…
FMDQ Securities Exchange Limited has partnered with Luxembourg Stock Exchange (LuxSE) to facilitate the dual listing of securities issued by financial institutions and corporates domiciled in the country. The partnership…
The yuan hovered around 6.40 per dollar on Monday as strong Chinese trade data lent support and helped offset strength in the greenback amid U.S. monetary tightening expectations. The spot…
The Nigeria Customs Service (NCS) has expressed readiness to begin collection of import duty with the e-naira that was recently introduced by the Central Bank of Nigeria (CBN). The National…
Freight forwarders have vowed to resume the suspended industrial action at the expiration of a new notice issued to international shipping lines operating in Nigeria over what they described as…
Stakeholders in the Nigerian power sector are unsettled on the need for the Central Bank of Nigeria (CBN) to continue its support for the sector after aiding the industry and…
Higher banknotes’ share of value of currency in circulation is 98% A total of 67,265 banknotes with a nominal value of N56.8 million were confiscated last year, the 2020 yearly…
Japan is considering an economic stimulus package worth more than 30 trillion yen ($265 billion) aimed at easing the pain from the COVID-19 pandemic, a plan that would require issuing…
China’s crude oil imports plunged in October to the lowest since September 2018, as large state-owned refiners withheld purchases because of rising prices while independent refiners were restrained by limited…