Real Time Financial News Website
Despite government rules limiting crypto trades within financial institutions to protect citizens and monitor the technology’s growth. Many Nigerians have continued to engage in crypto despite the weakening naira as…
The exchange rate between the naira and the US dollar closed at N420.25/$1 at the Investors and Exporters (I&E) window. Nigeria’s exchange started the week on a negative note as…
Wema Bank Plc has unveiled its Kids’ innovation challenge aimed at encouraging children. This, however, It teaches them to ideate and develops solutions in any of the areas of learning,…
Saudi Arabia and other OPEC states may boost oil production to offset a drop in Russian output. A move that could ease sky-high oil prices and surging inflation; and may…
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, appreciated by 1.77% to close at N2.27 trillion. As of 24th of June, 2022,…
Swiss judges will rule on Monday whether Credit Suisse (CSGN.S) failed to prevent money laundering. Which linked to an alleged cocaine trafficking gang in Switzerland’s first criminal trial of one…
It only took 24 hours last month for Prime Minister Narendra Modi’s government in India. The world’s second-largest producer of wheat – to shelve its plans to “feed the world”.…
The world’s central bank umbrella body, the Bank for International Settlements (BIS), has bawl for interest rates to be uplift; “quickly and decisively” to prevent the surge in inflation turning…
The operating costs of telecommunication companies in Nigeria rose from N1.4tn in 2020 to N1.66tn in 2021. This shows an appreciable increase of N265.25bn. This is according to the ‘2021…
The Ghanaian cedi came under pressure after racking up a whopping loss of 22.44% against the US dollar. This comes despite the attempt by Ghana’s central bank to hike interest…
Linkage Assurance Plc has disclosed that its gross premium written rose by 34 per cent in the 2021 financial year. It said this in a statement titled, ‘Linkage Assurance shareholders…
Ireland’s Permanent TSB may choose to absorb the first two rounds of European Central Bank interest rate hikes. They plan not to increase its own mortgage pricing to grow its…
The Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday; as part of ongoing efforts to hold Russia accountable for its war in…
U.S. equities could see a 7% move up next week as investors rebalance their portfolios after a brutal first half of the year, J.P. Morgan’s chief global markets strategist, Marko…
Bullish price action is returning back to the cryptocurrency market alongside the U.S. stock market as the 16.54% rally in Bitcoin, has seen the altcoin market post gains as high…
China’s securities regulator proposed rules to regulate private pension investment via mutual funds. Setting the criteria for qualified products and sales agents under a scheme; that will channel fresh savings…
Shares in the biggest U.S. banks rallied after they passed the Federal Reserve’s annual health check; but Bank of America (BAC.N) underperformed with test results implying it needs a larger-than-expected…
Industrial and Commercial Bank of China (601398.SS), (1398.HK) (ICBC) said its wealth management joint venture with Goldman Sachs Group Inc (GS.N) had received the country’s banking regulator’s approval to begin…
Barclays (BARC.L) has struck a deal worth around 2.3 billion pounds ($2.8 billion). This is to buy specialist lender Kensington Mortgage Company, extending its reach in Britain’s housing market. The…
The Nigeria Customs Service and a consortium, Trade Modernisation Project Limited, signed a concession agreement worth $3.2bn. This is to digitalize operations of the border security and revenue collection outfit.…
Elon Musk announced via a tweet that the government of Nigeria has approved Starlink as an Internet Service Provider. Starlink is high-speed internet access delivered via low earth orbital satellites…
Australia’s biggest building materials manufacturers are cutting back operations, hiking prices and considering moving production offshore. This is to manage a spike in power and gas bills. Therefore adding to…
Rising from a muddy field on the outskirts of the small town of Fayette. Alabama is a bricks-and-mortar symbol of the COVID pandemic, A new glove factory. When completed in…
The price of local rice, onions, cooking gas, pepper, and other staple food items has significantly increased. The survey considered four major markets in Lagos state, namely Oyingbo, Daleko, Mushin,…
The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though a slowdown is emerging amid high inflation and rising…
The Ogun State government has said that seven communities in Agbara/Igbesa, Ado-Odo/Ota Local Government Area of Ogun State have received a resettlement scheme survey plan that covers 36 hectares of…
Tesla Inc’s (TSLA.O) new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase production. This is because of a shortage of batteries and…
Sales of Juul e-cigarettes were jam by the U.S. Food and Drug Administration; in a major blow to the once high-flying firm whose products have been tie to a surge…
Stocks on Wall Street rose on Thursday as U.S. Treasury yields fell to a two-week low, while copper was at 16-month lows as investors worried about a possible global economic…
Citadel, the $51 billion hedge fund founded by billionaire investor Ken Griffin, is moving its global headquarters to Miami from Chicago. Therefore, becoming the latest investment firm to shift offices…