Real Time Financial News Website
Scandal-hit Facebook is shutting down its long-criticized facial recognition system and deleting scan data on a billion people, it said Tuesday, in a shock response to privacy concerns. The announcement…
The Nigerian Investment Promotion Commission (NIPC) said it tracked $8.99 billion as investment announcements in the third quarter of 2021 (Q3 ’21), with Lagos State accounting for 81 per cent…
Microsoft is launching Mesh for Microsoft Teams , a service that combines the AR/VR capabilities of Microsoft Mesh which allows people in different physical locations to join collaborative experiences through…
American rapper and music executive, Shawn Corey Carter, known professionally as Jay-Z, has joined one of the popular social media platforms, ‘Instagram’ for the first time since the inception of…
Pharmacists under the aegis of the Pharmaceutical Society of Nigeria (PSN), yesterday, said Africa loses at least $16 billion (N8.8 trillion) yearly to 94 per cent importation of its pharmaceutical…
Credit Suisse has beaten analyst estimates for the third quarter, but took a hit from charges settling allegations of corruption in Mozambique and other legal issues. The Swiss bank also…
Tencent on Wednesday launched three chips it developed, marking the first time the Chinese internet giant has publicly spoken about its progress in semiconductors. It comes as China continues to…
Alphabet’s Google said on Thursday it plans to allow third-party payment systems in South Korea to comply with a new law, marking the first time the U.S. tech giant has…
Ant Group-backed fintech firm Paytm said it has allocated shares worth 82.35 billion rupees ($1.11 billion) to more than 100 institutional investors, including the government of Singapore, ahead of what…
China’s Lenovo Group, the world’s biggest maker of personal computers, said that a global chip shortage remained a challenge even as it reported a 65% rise in second-quarter profit on…
The Nigerian Navy yesterday signed a contract with a Turkish company, Messrs Dearsan Shipyard Limited for the purchase of 2 brand new Offshore Patrol Vessels. The 2 vessels are expected…
Deposit Money Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old £20 and £50 notes to enable proper conclusion of cash evacuation. One…
The Joint Admissions and Matriculation Board (JAMB) has remitted the sum of N3.51 billion to the national treasury as part of its 2021 operating surplus. The 2021 remittance, according to…
The Nigerian Communications Commission says it engage stakeholders this week on the Fifth Generation spectrum auction towards the implementation of the 5G network in Nigeria. The commission said it would…
The Central Bank of Nigeria has said that the eNaira is more reliable than cryptocurrencies. The CBN Director of Corporate Communications, Nnamdi Okwuosa, said this at the CBN Fair to…
About 600 Nigerians residing in Kuwait are at the risk of being deported over the failure to get their residential permit renewed. This, according to some of the affected Nigerians,…
China’s government on Wednesday ordered 38 apps from a number of companies including social media giant Tencent Corp to rectify what it called the excessive collection of personal information. The…
China “resolutely opposes” Washington’s revocation of China Telecom Corp Inc’s. licence to operate in the United States, the information ministry said on Wednesday, urging a reversal of the move. The…
Alphabet said on Wednesday it plans to reopen its Google News service in Spain ‘soon’ after the government passed new legislation that allows media outlets to negotiate directly with the…
Facebook parent Meta Platforms Inc. said on Thursday it would invest in New Zealand to promote up and coming news publishers and boost their digital capabilities, a month after the…
Chinese technology giant Tencent Holdings, touted progress in semiconductor chip development and investment on Wednesday, offering a rare public glimpse of its R&D initiatives. Best known for computer games and…
Some 140 million people had opened “wallets” for China’s new digital yuan as of October and used it for transactions totalling around 62 billion yuan ($9.7 billion), a senior Chinese…
The Nigerian National Petroleum Corporation has admitted that there are pricing issues at some petrol depots in the country but ruled out any hike in the pump price of the…
mes Emejo examines the Central Bank of Nigeria (CBN) “100 for 100 PPP – Policy on Production and Productivity” initiative aimed at stimulating local production and strengthening the country’s non-oil…
First Bank of Nigeria Limited has announced the launch of its fully automated branch, called the FirstBank Digital Experience Centre. It disclosed this in a statement on Tuesday titled ‘FirstBank…
The dollar firmed slightly on Tuesday as the U.S. Federal Reserve kicked off its two-day policy meeting where it was expected to announce it will begin tapering its massive asset…
The 36 states in Nigeria and the Federal Capital Territory earned N2.33tn from Pay As You Earn in three years, according to data collated from the National Bureau of Statistics.…
The International Monetary Fund (IMF) says Nigerian banks closed 234 branches and 649 automated teller machines (ATMs) in 2020 amid the COVID-19 outbreak. The IMF said this in its 2021…
ByteDance founder Zhang Yiming has stepped down as chairman, as the company continues to reorganize its business. ByteDance owns TikTok, the wildly popular short-video app. Zhang announced his resignation as…
Stock investors in the Nigerian Exchange Limited gained N19.11bn at the end of trading on Tuesday, despite negative sentiment in the market as 31 firms recorded losses as against 10…