Real Time Financial News Website
British lenders expect the biggest fall in demand for mortgages since mid-2020 during the three months to the end of August. The Bank of England’s quarterly Credit Conditions Survey showed…
Uber is being sued by more than 500 women who claim they were assaulted by drivers who use the ride-hailing platform. The complaint, filed Wednesday, claims that “women passengers in…
Nigeria’s Bank of Industry and telecoms company, MTN, have announced a business initiative that will train female entrepreneurs and provide them with loans and grants. The effort, through MTN’s Y’ellopreneur,…
The Central Bank of Nigeria says it is set to introduce the USSD code as part of steps to improve the Central Bank Digital Currency. CBN inaugurated the CBDC, also…
Nigerian stocks inched up 0.02 percent on Wednesday, marking one week of flat trade that has seen the benchmark index recording little or no movement. Market breadth was negative as…
The Central Bank of Nigeria (CBN) through its Standing Lending Facility in two months, lent to commercial banks a total of N595.34 billion. The figure is captured in its recently…
Over 41.59 million Nigerians have obtained their National Identification Numbers; since the Federal Government first banned the sales of SIM cards in December 2020. In December 2020, the Federal Government…
Neimeth International Pharmaceuticals Plc held a completion board meeting in Lagos; to float a rights issue of N3.67bn through the Nigerian capital market. The rights issue which would take place…
The Federal Reserve is to raise interest rates by 100 basis points. Which would be the biggest rise since it began using overnight interest rates as its primary tool for…
THE Nigerian National Petroleum Company Limited has won a court decision temporarily blocking Exxon Mobil Corporation; from selling assets in Nigeria to Seplat Energy Plc. A judge in Abuja granted…
TRADERS at various markets in Anambra State, particularly Eke Awka market in Awka South Local Government Area; are lamenting the new tax regime of the governor, Prof. Chukwuma Soludo. According…
Mixed trends along the curve as short-term rates rise while long-dated bonds recline; The divergent trends along the Naira yield curve continued last week; short-dated Nigerian T-bill (NTB) yields continued…
Sell pressure witnessed on the shares of Nestle Nigeria Plc since the beginning of the year has resulted in investors of the company; losing about N124.05 billion at the close…
The annual inflation rate of the United States reached 9.1% in June, the highest rate in almost 41 years.The Bureau of Labour Statistics (BLS) disclosed this on Wednesday in its…
The exchange rate between the naira and the US dollar closed at N424.58/$1 at the Investors. And Exporters (I&E) window, where forex is traded officially. Naira appreciated slightly against the…
Directors of 10 banks collected N6.96bn sitting allowance and compensation in 2021; according to an analysis of the lenders’ financial results. The amount represents an increase of 3.32% from N6.74bn…
African airlines saw cargo volumes decrease by 1.5% in May 2022 compared to May 2021. This was disclose by the International Air Transport Association via a report. According to the…
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production; increased to an average of 1.238 million barrels per day (bpd) in June 2022. The figure is…
One of the fastest growing financial institutions in Nigeria , PatrickGold Micro Finance Bank; has launched a digital banking platform, GetriPay, to promote the ease of financial transactions for its…
Stakefair, a Decentralized Finance (DeFi) company that is poised to disrupt the Real-Money Gaming industry, has launched. Stakefair allows users to predict the outcome of sports matches and other real-world…
Brent, the international benchmark for crude; fell below $100 per barrel as the latest figures released by the Organisation of Petroleum Exporting Countries; They showed an increase in Nigeria’s oil…
Venture capitalists are reckoning with their worst quarter in almost a decade as economic uncertainty. And lackluster returns have prompted investors to hold back following the startup funding boom in…
Pioneer solar-based internet service provider in West Africa, Tizeti Network Limited; is set to pay its shareholders its first dividend ending December 31st, 2021. The company says it has been…
A look at the day ahead in markets from Dhara Ranasinghe. After staring parity against the dollar in the face for day; the euro finally broke the key level to…
The Nigerian Exchange Group closed negative amidst buy-interests and sell-offs as bears dominated proceedings. Weighing down the broad market by 32 basis point. The All-share Index (ASI) depreciated by 0.32%…
U.S. crypto lender Celsius Network said it has filed for bankruptcy; becoming the latest victim in the cryptocurrency sector to wilt under a dramatic plunge in prices. New Jersey-based Celsius…
Justice Oluwatoyin Taiwo of the Ikeja Special Offences Court has granted bail in the sum of N10 million to one Solomon Idonije; charged with a N20 million foreign exchange fraud.…
A building collapsed in the early hours of Wednesday, July 2022 in Onipanu area of Lagos State. The affected building is located at 15, Oke Arin Street, off Shyllon, Illupeju,…
Companies from across the industrial spectrum often rely on a migrant workforce employment. But being away from their domestic jurisdiction and financial infrastructure presents a host of challenges. Including what…
Russia’s dominant lender Sberbank (SBER.MM) said it had carried out the first digital financial asset transaction on its own platform. With its subsidiary SberFactoring executing a 1-billion rouble ($16 million)…