Real Time Financial News Website
The Nigeria Extractive Industries Transparency Initiative threatened oil firms operating in the country that it would not hesitate to activate its agreements with anti-corruption agencies in recovering the outstanding oil…
After suffering decline in 2021, Nigeria’s assets under management in mutual funds rose to $3.64tn in the first five months of 2022. Coronation Assets Management disclosed this in a report…
According to a joint statement by the IMF and World Bank Group, the date for the 2022 Annual Meetings has been released. The Annual Meeting is set to take place…
International Organization of Securities Commissions (IOSCO) has published its Crypto-Asset Roadmap for 2022-2023. Which sets out its regulatory policy agenda and work program for the sector over the next 12…
Despite the rising inflation across sectors of the economy and globally, telecommunications operators in Nigeria are still rolling out more affordable tariff plans. This is according to a newly approved…
Crude oil theft in Nigeria is an organized crime and should be differentiated completely from host community issues. This is according to the Managing Director of Chevron Nigeria/Mid Africa Business…
Thirty-six states of the federation parted with a sum of N21.62 billion; as external debt deductions in the first quarter of 2022. This is an increase of 31.5% from N16.44…
As the greenback stayed close to a two-decade high on international markets; the yellow shining metal today dropped to nine-month lows. After falling to $1,722.36 per ounce, its lowest level…
The Federal Government has approved the sum of N400 billion under the National Poverty Reduction and Growth Strategy (NPRGS). Which covers certain welfare schemes including the Government Enterprise and Empowerment…
Telecom firm Ericsson (ERICb.ST) has received clearance from the U.S. national security panel to complete a $6.2-billion acquisition of cloud communications firm Vonage. In the largest acquisition in its history,…
The dollar hovered below a near two-decade high in Asian trading, having slipped overnight. After two Federal Reserve policymakers said they favoured a smaller rate rise than the 100 basis…
Asian stocks hit a two-year low on Friday and were heading for a weekly loss; while it set the dollar for its third week of gains as a fresh slew…
Oil prices rose amid prospects of a less aggressive U.S. rate hike; although worries about a recovery in demand capped gains. Brent crude futures delivery rose $1.25, or 1.3%, to…
Dutch navigation and digital mapping company TomTom (TOM2.AS) reported worse-than-expected loss for the second quarter, citing high inflation and strained supply chains. The Amsterdam-based company, whose products are used by…
Asian stocks fell to a two-year low and were heading for a weekly loss; while they set the dollar for its third week of gains after a fresh round of…
The S&P 500 (.SPX) pared early losses to close modestly lower, after investors digested disappointing quarterly results from two large U.S. Banks and hotter-than-expected inflation data. Initially, all three major…
Shares in Alibaba Group Holdings Ltd (9988.HK) fell 5.7% after the Wall Street Journal reported that the Chinese tech giant’s cloud division has been summoned by Shanghai authorities in connection…
Swedish bank Handelsbanken reported its second-quarter profit well below forecasts; after a downturn in capital markets triggered a loss on hedging instruments. Operating earnings at the 150-year-old rival to Swedbank…
Fast Retailing shares surged to the highest level this year in Tokyo trading after the owner of clothing brand Uniqlo posted a record quarterly profit and raised full-year forecasts. The…
Morgan Stanley’s second-quarter profit slumped 30%, it reported, falling short of analysts’ estimates for the first time in nine quarters; as its investment banking business suffered from a slump in…
China’s central bank stood pat on its medium-term policy rate for a sixth straight month; as expected, with investors believing that the bank intends to gradually normalize monetary policy after…
Deutsche Bank’s International Private Bank hired four bankers in the Americas, according to an internal memo seen by Reuters. The new hires will help the bank strengthen its commercial real…
China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns; and pointing to persistent pressure over coming months from a darkening…
Barry Callebaut said that it would restart the first chocolate production lines as of early August; at its factory in Wieze, Belgium, following a salmonella outbreak at the site. The…
Non-fungible tokens (NFTs) have found a way into the British legal system; weeks after a similar development in the United States. The High Court of England and Wales granted Fabrizio…
Crypto lender, Celsius Network said it had filed for bankruptcy in New York, becoming the latest victim in the cryptocurrency sector of a dramatic plunge in token prices. New Jersey-based…
Lagos State Government is set to roll out smart i.d cards for residents of the State through the LSRRA The card which is renewable every 5 years contains a chip…
Hedge fund managers are selling off oil futures amid fear that projected recession could cause demand for the commodity to drop, thereby, reducing the value in the global market. Investors…
Netflix has named Microsoft as its partner for its ad-supported service, the companies announced Wednesday. The “Stranger Things” streamer, which has been struggling to retain and add subscribers, announced in…
Fidson Healthcare sets to pay shareholders over N1 billion in dividends and also issue them one new share for every 10 they own in the company. According to Fidson, this…