Real Time Financial News Website
Focusing on the step-by-step implementation of Nigeria’s national development is one of the keys to achieving economic growth in Nigeria. This was stated Mr Dayo Obisan; the representative of the…
The expectation of the Ethereum network’s forthcoming switch to proof-of-stake is the reason for the altcoin’s greater price resiliency. The network successfully completed one of the last tests prior to…
The combined market capitalization of stocks worth over one trillion (SWOOTs); appreciated by 1.58% to close at N20.74 trillion from N20.41 trillion the previous week, reflecting a gain of N316.86…
The United Nations (UN) has projected that the global population is expected to reach 8 billion on November 15 even as population growth is at its lowest in decades. The…
Two fintech executives and a manager at a US-based money transfer company have been sentenced to a combined 8 years in US federal prison. The firm, Ping Express, admitted in…
The largest trading market in the financial sector is unquestionably currency trading. It has a daily traded volume of over $6 trillion, considerably exceeding markets for stocks, cryptocurrencies, commodities, etc.…
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ; appreciated by 0.77% to close at N2.28 trillion as at 15th of July, 2022,…
Unilever Nigeria Plc has released its unaudited financial statement for the half year ended 30 June 2022. According to the unaudited financial statement, the manufacturing firm reported a profit after…
Taiwo Oyedele, a Fiscal Policy Partner and Africa Tax Leader at PwC, chided the government for taxing poverty in Nigeria. He urged the government to explore an inclusive economic growth…
Ukraine’s central bank has sold $12.4 billion of gold reserves since the beginning of Russia’s invasion on Feb. 24, the bank’s deputy head said on Sunday. “We are selling (this…
The dollar began the week nudging down from multi-year highs; with hotter-than-forecast inflation reading in New Zealand lending modest support to the kiwi; though fears about Europe’s gas supply put…
Italian insurer Assicurazioni Generali (GASI.MI) has named veteran banker Stefano Marsaglia to fill a vacancy on its board left by the departure of its second largest shareholder in May; the…
Oil prices extended gains, propped up by a weaker dollar and tight supplies that offset concerns about recession; and the prospect of widespread COVID-19 lockdowns in China again reducing fuel…
India’s largest private lender, HDFC Bank Ltd said its net profit for the three months to June rose 19% from the same period a year earlier, as provisions for bad…
BlackRock Inc said it is tightening its belt and putting off some hiring amid an economic environment; that has spooked retail investors and drove its quarterly profit down. The world’s…
Citigroup Inc shares surged over 10% on Friday after the third-largest U.S. bank posted a smaller-than-expected 27%; drop in quarterly profit on unusual strength in its treasury services business; and…
Wells Fargo & Co said on Friday its second-quarter profit nearly halved as the bank set aside more funds to cover potential loan losses; while its mortgage lending business came…
Russia will block the sale of foreign banks’ Russian subsidiaries while Russian banks abroad cannot function normally; the Interfax news agency cited Deputy Finance Minister Alexei Moiseev.Russia’s central bank is…
Chinese regulators stepped up efforts to encourage lenders to extend loans to qualified real estate projects; as the beleaguered property sector faced fresh risks from a widening mortgage-payment boycott on…
New Zealand’s consumer prices rose at their fastest pace in three decades; beating forecasts and raising the prospect of an unprecedented 75 basis point interest rate hike; at the central…
British food delivery company Deliveroo slashed its full-year revenue guidance, blaming a worsening economic outlook as pressures on consumers mount. The group said its full-year gross transaction value (GTV) growth…
Growth in earned loan interests aided Finland’s Nordea to a rise in second-quarter; operating earnings despite customer activity slowing down due to economic uncertainty. The bank’s April-June operating profit rose…
Binance CEO Changpeng Zhao has said Africa is ready for crypto adoption. According to Zhao, blockchain provides a level of financial accessibility that isn’t currently available on the continent. He…
More than two years after the closure of the Tunisian-Algerian border due to the coronavirus pandemic, on Friday several cars and signs celebrate the reopening of land borders between the…
Diseases transmitted from animals to people in Africa have jumped 63% in the last decade, compared with the previous ten-year period, according to a World Health Organization (WHO) analysis released…
Former McDonald’s restaurants in Russia are facing a shortage of French fries due to a poor harvest and Western sanctions over Ukraine. The shortage has been linked to a poor…
The ECOWAS Community Court of Justice has declared that the federal government’s order to ban Twitter in June 2021 was unlawful and a violation of the rights of Nigerians. The…
Maritime Workers Union of Nigeria says it has withdrawn its membership from the Council of Maritime Transport Unions and Associations following a breach of agreements by some members. In a…
Dangote Cement has signed a five-year community development agreement with its Ibese Plant host communities in Ogun State. The contract serves as a demonstration of its commitment to human capital…
The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo and the Executive Secretary of the Nigerian Content Development and Monitoring Board, Simbi Wabote, were among high-profile names who pledged…