Real Time Financial News Website
With Central Bank of Nigeria (CBN) suspending Foreign Exchange (FX) supply to Bureau De Changes (BDCs), a total of six banks in nine months of 2021 generated N145.6billion income from…
What other options do we have to increase the supply side of forex to the Nigerian economy, or do we continue with the borrowing of forex from international lenders to…
Otunba Richard Adeniyi Adebayo, Minister of Industry, Trade and Investment, giving his mid-term report, explains how his ministry supports manufacturers that wish to import industrial equipment that are not locally…
The market for food and grocery delivery across Africa and the Middle East is worth nearly $1 trillion. And Egypt, buoyed by a young and growing population, is a big…
Opibus, the first company in Kenya to commercially future-proof diesel and gasoline vehicles by converting them to electric, is set to embark on an ambitious plan to mass produce electric…
OP Finnfund Global Impact Fund I, a Finnish global emerging markets impact fund anchored by Finnfund, has invested $10 million in equity capital in CIM Santé Group, a Moroccan private…
Years ago, Americans spent most of their disposable income on food, but consistent investment in retail infrastructure has changed that. Now, they only spend 6% of them their household income…
Chipper Cash, an African cross-border payments company, has raised $150 million in a Series C extension round led by Sam Bankman-Fried’s cryptocurrency exchange platform FTX. The investment comes barely six…
The Nigerian stock market lost N12.58bn last week as investors took profits in oil and gas, banking and consumer goods stocks. The All-Share Index of the Nigerian Exchange Limited dropped…
SoftBank Group Corp reported a 397 billion yen ($3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fund unit as…
Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and energy businesses from the pandemic, while the company’s cash pile…
Deposit Money Banks and insurance companies are expected to rake in the sum of N22.6bn in bank charges and insurance premiums from Ministries, Departments and Agencies of the Federal Government…
China’s Ant Group said on Monday that it is making efforts to “differentiate” part of its short-term consumer loan business Jiebei, as it pursues a Beijing-led restructuring aimed at reining…
Bitcoin rose to a two-and-a-half-week peak on Monday and ether climbed to a fresh record as cryptocurrencies ride higher on a wave of momentum, flows, favourable news and inflation fears.…
Tesla opened a factory to produce battery manufacturing equipment in the Canadian city of Markham, Ontario, the city said on Friday, as the electric carmaker ramps up the production of…
SolarWinds Corp investors have sued the software company’s directors, alleging they knew about and failed to monitor cybersecurity risks to the company ahead of a breach that created a vulnerability…
The Federal Government announced on Friday that the transmission line being constructed under the West Africa Power Pool North Core Project would connect Nigeria to the Republics of Niger, Burkina…
In this interview with ENIOLA AKINKUOTU, human rights lawyer, Mr Ebun-Olu Adegboruwa (SAN), speaks about the raid on the home of Supreme Court Justice, Mary Odili, and other trending issues…
OPEC+ stuck to its guns and maintained its modest output boost for December as the alliance shunned calls from key consumers to pump more. President Joe Biden has been a…
A shortage of homes for sale and a buoyant labor market are expected to underpin the U.K. housing market as consumers come under pressures from soaring inflation and higher interest…
Social network Twitter Inc has temporarily disabled its Trends section in Africa’s conflict-hit nation of Ethiopia over threats of physical harm, the company said on Friday, and was monitoring the…
Apple has hired a former engineer from Tesla Inc to boost its car-development efforts, Bloomberg News reported on Friday, citing people with knowledge of the matter. Cupertino, California-based Apple has…
Two U.S. senators have introduced bipartisan legislation that seeks to make it harder for Amazon.com and other tech giants to make acquisitions. The office of Senator Amy Klobuchar, a Democrat…
The Central Bank of Nigeria (CBN) says it spent N58.618 billion to print 2.518 billion of naira notes, valued at N1.06 trillion in 2020. The apex bank disclosed this in…
The Organisation of Petroleum Exporting Countries and its allies (OPEC+) on Thursday raised the production quota of members by 0.4 percent, with Nigeria’s quota rising to 1.666 million barrels per…
Foreign airlines operating in and out of Nigeria have taken their protest to the Central Bank of Nigeria (CBN) over difficulties in repatriating accumulated funds, now in excess of $800…
Gold prices jumped 1% on Thursday after the Federal Reserve indicated it would be patient on raising interest rates and as the Bank of England defied expectations of more hawkish…
Kenya’s shilling and Zambia’s kwacha are likely to weaken in the coming week while the Ugandan shilling is expected to remain stable. Nigeria The Nigerian naira is expected to firm…
British house prices rose for a fourth month running in October in the latest sign of strong momentum in the housing market, mortgage lender Halifax said on Friday. House prices…
Work is due to begin on Botswana’s second privately-owned coal mine in the first quarter of next year, the CEO of Maatla Resources said, despite calls to abandon coal. At…