Real Time Financial News Website
According to data got from the Exchange; they has delisted 121 quoted companies from the official list of Nigerian Exchange Limited (NGX) between 2002 to 2022 (20 years). Investigation showed…
The Federal Government, approved of N22.45bn for projects in the Ministries of Petroleum Resources and Environment. The Minister of Environment, and the Minister of State, Petroleum Resources, Timipre Sylva revealed…
A Kenyan High Court has seized Sh7 Billion ($59 million), from 56 accounts belonging to fintechs including Nigeria’s Flutterwave; stating we used them as conduits for money laundering in the…
The price of the most valuable crypto by market value was around $20.5K, as it stayed above the key support level for 3 consecutive days. Before a late weekend surge,…
The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani; has reiterated the willingness of the National Assembly to support the debt recovery efforts of Asset…
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 6 basis points. The NGX ASI closed at 51,556.54 points to…
Drugmaker Merck & Co is in advanced talks to buy cancer-focused biotech company Seagen Inc in a deal; that could be worth roughly $40 billion or more, the Wall Street…
The price of the global benchmark has fallen to a level not traded in 12 weeks. As a result of volatile trade at the start of the New York trading…
Musician turned business mogul, Rihanna has just become America’s youngest self-made billionaire with $1.7 billion. In the past year, Forbes has recorded 87 less billionaires than it did in 2020.…
House prices in Britain rose by the most since 2004 in the 12 months; leaping by 13% as better-off households defied the broader cost-of-living squeeze facing the rest of the…
U.S. electric vehicle maker Tesla Inc (TSLA.O) sold around 78,000 China-made vehicles; preliminary estimates published by the China Passenger Car Association (CPCA). This was up 142% from May, when Tesla…
Credit Suisse (CSGN.S) said it was naming Roger Suter its new head of private banking in Switzerland. Succeeding current manager Serge Fehr. “Credit Suisse is today announcing that Roger Suter,…
Sri Lanka’s central bank raised key interest rates to the highest in two decades to bring down record inflation; despite the country wilting under a devastating economic crisis. With foreign…
Red Star Express Plc has declared N413.9m as its group profit before tax for the year ended March 31, 2022. This is an 87% increase from the sum of N220.8m…
Hungary’s calendar-adjusted retail sales rose by an annual 11.1% in May following a revised 15.7% increase in April, driven by higher spending on fuels and non-food items, the Central Statistics…
Greek retail sales by volume rose 10% in April compared to the same month a year earlier after a 12.3% rise in March, statistics service ELSTAT said. Retail sales were…
The Federal Government has issued a circular to appoint a new and substantive Accountant-General of the Federation. Emanating from the Office of Head of Civil Service of the Federation, Dr…
The Central Bank of Nigeria has announced a significant adjustment to the Quick Response (QR) Code Framework. Allowing the usage of QR codes for payments in Nigeria to be either…
The Lagos Chamber of Commerce and Industry has warned the Federal Government to find urgent solutions to the issues of Nigeria’s growing debt burden; inflationary pressure as well as the…
The Group Managing Director, Nigerian National Petroleum Company Limited, Mele Kyari, announced that the decline in the funding of oil investments had virtually led to a halt in the drilling…
The Federal Government announced the takeover of Kano, Benin and Kaduna electricity distribution companies by Fidelity Bank. This was after the bank initiated action to take over the boards of…
Recently, the value of solid minerals imports rose by 74.39% from N23.56bn in the first quarter of 2021 to N41.09bn in the same quarter in 2022.; and contain in the…
There has been a drop in the combined generation capacity of Nigeria’s 26 power plants by 70%. A breakdown of the data showed that the four hydro plants under the…
Oil prices rose as much as nearly 3% before paring some gains as investors piled back into the market after a heavy rout in the previous session; with supply concerns…
Asian stocks fell and the dollar stood by a two-decade high on the euro as investors’ fears deepened that the continent is leading the world into recession. While oil and…
Wall Street analysts sharply increased their Exxon Mobil Corp second-quarter profit estimates; after the largest U.S. oil producer projected it could almost double its first-quarter earnings. Exxon’s preview, released on…
Oil plummeted about 9% in the biggest daily drop since March on growing fears of a global recession and lockdowns in China that could slash demand. Global benchmark Brent crude…
A U.S. appeals court struck down an order by the Securities and Exchange Commission that would have allowed some financial firms. That are not stock exchanges to have a say…
Hedge fund manager Bridgewater Associates’ flagship Pure Alpha 18% volatility fund gained 32.2% in the first half of the year; according to a source familiar with the matter, beating sharp…
Global corporate net debt has fallen by 1.9% to $8.15 trillion in the past year. As higher borrowing costs reduce appetite for new financing and strong cash flows; from years…