Real Time Financial News Website
Europe’s biggest gas pipeline group Snam said on Thursday it had completed the acquisition of a 25% stake in East Mediterranean Gas Company, which owns a pipeline between Israel and…
AIRTEL Nigeria, a subsidiary of Airtel Africa Plc, has completed the 8.22 percent shares buyback from its minority shareholders, amounting to N61 billion. This amount is equivalent to $147 million,…
Nigerian banks have informed their customers regarding the automation of Forms A and NCX for invisible and non-commercial exports transactions. This is in adherence to the directive issued by the…
The Nigerian Communications Commission has announced that three telecoms companies have qualified as approved bidders of the forthcoming 3.5 gigahertz spectrum auction for the deployment of Fifth-generation networks in the…
President of South Africa, Cyril Ramaphosa has urged Nigerian banks to set up branches in South Africa as the country signs more pacts with Nigeria on power, oil and gas,…
An agro-allied company, Johnvent Industries Nigeria Limited, has said it has invested N3bn to boost cocoa business in Ondo State and Nigeria as a whole. The Group Managing Director of…
The nation’s external reserves fell by $610m last month, figures obtained from the Central Bank of Nigeria on Thursday revealed. The reserves dropped to N$41.22bn as of November 29 from…
A U.S. judge has dismissed a $10 billion lawsuit against McDonald’s by the media entrepreneur Byron Allen, who accused the fast-food chain of racial discrimination for not advertising with Black-owned…
Exxon Mobil on Wednesday outlined a corporate spending plan that it said will double earnings and cash flow by 2027 from 2019′s levels, while also reducing emissions. The plan comes…
The Turkish Central Bank said on Wednesday it was intervening in the foreign exchange market, selling dollars due to “unhealthy price formations” after the lira plunged to a fresh record…
Twitter said on Tuesday it will not allow sharing of personal media such as photos and videos on its platform without the consent of the person. The social media company’s…
China is planning to ban companies from going public on foreign stock markets through variable interest entities, closing a loophole used by the country’s tech industry to raise capital from…
Alphabet Google said on Wednesday it will ban political advertising on its platform in the run-up to Philippine elections in May next year to choose a successor to President Rodrigo…
MTN Nigeria Communications Plc is set to raise at least N97.18bn from its public offer to retail investors. This came as the company say it had no plan to exit…
J.P Morgan Analysts led by Christyan Malek have predicted a rise in the price of crude from its current 76 dollars per barrel to 125 dollars in 2022 and may…
As dollar shortage in the Nigerian economy continues to hit the air travel industry harder, foreign airlines flying into the country have stopped local travel agencies and firms from selling…
MTN Group says it will sell up to 575 million shares held in MTN Nigeria at N169 per share to retail investors. In a statement on Tuesday, Uto Ukpanah, the…
The Nigerian stock market began the week on a negative note as banking and consumer goods stocks, among others, triggered a N19.49bn loss. At the end of trading on the…
The US Mission in Nigeria has hailed the growing US-Nigeria commercial ties as Burger King expands to Nigeria. The US Mission Commercial Counselor, Jennifer Woods, welcomed the arrival of the…
The Chartered Institute of Personnel Management has unveiled its body of knowledge and competency framework. According to the CIPM, the focus for many business leaders is realigning and reskilling their…