Real Time Financial News Website
Policymakers, lawmakers and insufficient oil and gas sector investments are to blame for high energy prices, not OPEC, Secretary General Haitham Al Ghais told Reuters. A lack of investment in…
Russia’s biggest mobile operator MTS reported a 36.4% drop in second-quarter net profit from the same period last year; as higher financing costs and provisions at its banking business outweighed…
The HUSD stablecoin, which touts to be a “secure, reliable, and fiat-collateralized stablecoin, that combines the stability of the US dollar and the efficiency of blockchain technology,” issued by Stable…
Canada’s inflation rate eased slightly in July, as lower gasoline prices outweighed fast-rising food prices; but economists said hot core measures suggest another outsized interest rate hike is still to…
Its “meme” rally in the cryptocurrency space as investors seem to be hungry to take on more risk given the rally seen in smart contract leader, Ethereum. Dogecoin, the memecoin…
Ghana’s central bank has raised its interest rate by 300 basis points to 22% to tame inflation and stabilize the nation’s tumbling exchange rate at a special monetary policy meeting…
The Seme Command of the Nigeria Customs Service (NCS) has intercept 3,998 jerry cans of Premium Motor Spirit (PMS); equivalent to 119, 940 litres to be smuggled out of the…
The Federal Government blamed its inability to reach the target of 5,000 megawatts of electricity generation as promised on shortage of gas supply. This was even as it has said…
A fake Manchester United token as gained over 3,000% after Elon Musk, the world’s richest man, stated that he was joking when he earlier tweeted that he would buy the…
Wednesday, 17th August 2022: The exchange rate between the naira and the US dollar closed at N429.38/$1 at the Investors and Exporters (I&E) window, where forex is traded officially. Naira…
The National Union of Electricity Employees (NUEE) has suspended its nationwide strike for two weeks. The secretary-general of the union, Joe Ajaero, said this after a meeting with the Minister…
Asian shares fell, tracking Wall Street’s losses as the U.S. Federal Reserve looked set to maintain its path of interest rate hikes, although signs it may be less aggressive in…
International Finance Corp (IFC), a World Bank affiliate, told Reuters it is backing a blockchain-enabled platform to trade carbon offsets; aiming to attract more support from institutional investors for climate-friendly…
The Central Bank of Nigeria (CBN) has announced an upward adjustment of the negotiable minimum interest rate; payable on local currency savings deposits to 30 per cent of the Monetary…
Africa’s Global Bank, the United Bank for Africa has just launched a modern and future-forward Experience Centre in Abuja, Nigeria. The new UBA Experience Centre, which was commissioned on Sunday…
Oil workers under the umbrella of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN); have hailed President Muhammadu Buhari’s action rescinding his decision approving the sale of…
Singapore-based cryptocurrency platform Crypto.com has registered with Britain’s financial services regulator, the company said in a statement on Wednesday. Joining the Financial Conduct Authority’s (FCA) register means that Crypto.com has…
Emirates Airlines has announced the suspension of its flight operations to Nigeria, starting September 1, 2022, over its $85 million revenue awaiting repatriation from Nigeria. This was announced in a…
A court in Russia has fined streaming service Twitch 2 million roubles ($33,000) for hosting a short video containing what it calls “fake” information about alleged war crimes in the…
Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling…
China’s central bank cut its interest rates on Monday for the second time this year, but analysts suspect it will do little to spur lending in an economy awash with…
Canadian housing starts surprisingly rose in July compared with the previous month, data from the national housing agency. The seasonally adjusted annualized rate of housing starts rose 1.1% to 275,329…
Still uncertain on where U.S. Stocks are headed, equity hedge funds are sitting out the market rally; despite taking big paper losses on bearish bets since June, according to industry…
China will support around 300 service platforms to help with the digital transformation of 4,000-6,000 small- and medium-sized enterprises till 2025, the country’s industry and information technology ministry and finance…
Major U.S. and European banks are facing tougher times in the riskiest parts of the loan market. The biggest U.S. lenders, including Bank of America (BAC.N) and Citigroup (C.N), wrote…
Following weeks of occasionally encouraging, sometimes confusing economic indices; and company profits, investors are still in a wait-and-see mentality, as 66,918 traders were liquidate for the day; totalling $204.40 million…
Kenya’s currency, the shilling weakened against the dollar as the country’s election commission; announced Deputy President, William Ruto winner of the country’s election the day before. On Monday, August 15th,…
Tuesday, 16th August 2022: The exchange rate between the naira and the US dollar closed at N430.67/$1; at the Investors and Exporters (I&E) window, where forex is traded officially. Naira…
Google’s parent company, Alphabet, has invested over $1.5 billion into blockchain-focused companies between September 2021 and June 2022. This is according to data by Blockdata, a blockchain research firm, where…
The Biden administration said about 20 models will still qualify for electric vehicle tax credits; of up to $7,500 through the end of 2022 under legislation signed by President Joe…