Real Time Financial News Website
Roselyn Hsueh, associate professor of political science at the College of Liberal Arts, talks about the debt-stricken company, whose financial problems could affect the Chinese economy and global financial markets.…
The private sector is expected to pool N298.3 trillion (89.7 per cent) of the 2021-2025 National Plan’s total spend. Specifically, the Plan aims to generate 21 million full-time jobs and…
Amid currency crisis and fluctuation in oil prices. The country’s gross foreign reserves dipped by nearly $600 million in December alone. This raises fresh concern about the short to medium-term…
About 80 per cent of agro-products from Nigeria that are intercepted and seized by the European Union member nations are exported illegally, the Federal Government has said. It explained that…
U.S. crude stocks, gasoline and distillate inventories fell last week, while U.S. oil production rose to the highest since May 2020, Energy Information Administration data showed on Wednesday. Crude inventories…
The European Commission has said it has approved Germany’s ‘H2Global’ $1.1bn programme to subsidise the manufacturing of green hydrogen abroad before being imported and sold in the European Union. According…
According to a statement on the United States Federal Bureau of Prisons website, Obinwanne Okeke will be released in 2028. Mr Okeke is being held at the Federal Correctional Institution…
Spanish consumer prices in December rose 6.7% from the same month last year. The fastest annual pace of inflation since 1989, flash data from the National Statistics Institute (INE) showed…
On the last full trading day of the year in Europe, investors are opting for a defensive allocation with sectors from pharma to tech keeping the STOXX 600 (.STOXX) index…
Apple is preparing to bring its new iPhone models without a physical SIM card slot starting September 2022, according to a report. The iPhone models in question would instead include…
A total of seven companies delisted and three were listed on the Nigerian Exchange Limited (NGX) in 2021 amid expectation that the stock market might close the year positive. The…
Crypto giant Binance is bolstering its presence in France after a choppy year of regulatory scrutiny. The world’s largest cryptocurrency exchange is financing a 100 million euro ($113 million) initiative…
Tencent Holdings’ Riot Games on Monday said it has agreed to pay $100 million to settle a 2018 gender-based discrimination class-action lawsuit with California state agencies and current and former…
A United States-based solar product design and marketing company, SolAps, has said the Nigerian solar power industry is growing and it is aiming to reach 20 million Nigerians with its…
Swiss drugs regulator Swissmedic said on Monday it approved booster doses for Johnson & Johnson’s COVID-19 vaccine in people 18 years and older who have received a first vaccination. The…
The Federal Government’s bond offer and allotment rose by N1.99tn in the first six months of this year to N13.66tn, from the N11.67tn recorded in the corresponding period of last…
Elon Musk, the billionaire founder of Tesla Inc., has sold another 934,090 shares in the electric vehicle manufacturer for $1.2 billion. This is coming a week after Musk confirmed that…
The Turkish Central Bank said on Wednesday it had decided to provide an incentive to those who convert their gold deposits and participation funds into Turkish lira time deposit accounts.…
Miami island Beach is the most expensive destination in the world for overnight accommodation this coming New Year’s Eve. With a nightly rate of $365 for the least expensive room,…
The Shippers Association of Lagos (SAL) has expressed worry over the scarcity of empty containers to bring cargoes into the country. Jonathan Nicol, president of SAL, disclosed this in an…
Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in summer. Amid Iran’s energy consumption increasing during the winter. Local energy authorities…
Rivian Automotive will delay deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023, Chief Executive RJ Scaringe said in a mail to customers…
The Securities and Exchange Commission (SEC) has warned the public against dealings with FinAfrica Investment Ltd and Poyoyo Investment. The commission described the business of Poyoyo Investment (Pilvest) Nigeria Ltd.,…
China stocks inched up on Tuesday as gains in new energy companies and non-ferrous metal shares offset losses in the energy sector, while rising coronavirus cases in a local outbreak…
The exchange rate between the naira and the US dollar closed at N415.1/$1 at the Investors and Exporters (I&E) window, where forex is traded officially. Naira fell against the US…
Turkey’s lira weakened as much as 2% on Tuesday, extending sharp losses seen a day earlier and eroding massive gains made last week, as worries about the country’s monetary policy…
The Group Managing Director/Chief Executive Officer, CFL Group, Mr Lai Omotola, has said it is important for the government to support businesses in the country in order to ensure economic…
Austrian IT company S&T has commissioned Deloitte to conduct an external audit following allegations made by activist investor Viceroy Research, it said on Tuesday. After a report by Viceroy published…
Activist investor Starboard Value LP has purchased a 6.5% stake in web services firm GoDaddy worth about $800 million, according to a regulatory filing with the U.S. Securities and Exchange…
Chinese ride-hailing giant Didi Global has barred current and former employees from Employees will not be able to sell shares until after the company has listed in Hong Kong, according…