Real Time Financial News Website
Following complaints from publishers, antitrust regulators have recently begun to investigate Google’s adtech. A law firm representing publishers will soon launch two lawsuits in British and Dutch courts against Alphabet…
Market anticipation that the Federal Reserve will ease up on interest rate, increases when inflation peaks have caused recent dollar gains to slow. According to the consensus, the core consumer…
13 businesses had an increase in share prices, while 13 firms saw share prices fall. At the close of trading on the NGX’s trading floor, investors had moved a total…
Nigeria imported N6.27 billion in herrings and N2.77 billion in blue whiting from Russia in Q1 2022, and N13. 39 billion in blue whiting, N7.21 billion in herrings, and N1.25…
According to the Cinema Exhibitors Association of Nigeria, the country’s cinemas sold 378 million tickets in August, bringing in N378 million. When compared to the N294 million realized in August…
According to PUNCH, the Federal Government collected N600 billion from Nigerian oil and gas corporations. This includes unpaid taxes, royalties, penalties, and commission on rents noted in the NEITI audit…
The value of worldwide Bitcoin trade has surpassed $3 trillion. Farida Nabourema, the organizer of the Bitcoin Africa conference, claimed that the industry has grown faster than card transactions worldwide.…
Economic experts claim that the fall is as a result of a variety of factors. This includes insecurity and the impending general election, among others. According to the National Bureau…
The energy crunch is a long-term issue that will increase public debt in Europe; render the continent less competitive and poorer. Dealing with this and rising inflation at the same…
Three Nigerian tech firms doing business in Kenya were the targets of allegations of money laundering by Kenya’s Assets Recovery Agency. Along with Flutterwave, three other businesses were listed: Avalon…
Due to decreased share prices on the Kenyan stock market, insurance companies saw a decline in investment revenue in the first half of the year, which hurt their profitability. According…
In order to better serve large enterprises, NCBA Bank Tanzania is closing extra branches in certain areas. The recent announcement by Standard Chartered Tanzania that it will discontinue its retail…
In accordance with its standard procedure for public holidays, the Bank of England said that it will stop its CHAPS interbank payment services; and sterling money market activities on September…
In August, the Chinese foreign ministry announced that it had canceled 23 loans to 17 African nations that were due in 2021, but it did not provide any other information.…
Out of the N465 million owing to international airlines operating in the nation, the federal government has not yet paid the pledged sum of $265 million in full to cover…
Using data from the National Bureau of Statistics’ second quarter 2022 Gross Domestic Product report, it can be shown that the insurance sector expanded by 17.28%. According to the research,…
Domino Pizza, together with its other international brands including Cold Stone Creamery, is the world’s largest value chain for pizza. The food scheme confirmed that the slum to school CSR…
Nigeria’s productivity has been progressively declining since 2020, and this year it struck multi-decade lows. Nigeria loses roughly 400,000 barrels of oil per day to oil theft; but if the…
The CBN said that in January and February, respectively, it invested $1.65 billion and $1. 39 billion in the foreign exchange markets to stabilize the value of the naira. The…
It is important to note that on September 6th, when it was trading at N434/$, the official exchange rate fell to its lowest level. However, this rate is still somewhat…
Nigeria reported total international trade of N12. 84 trillion in the second quarter of 2022, up 32.2% from the same time in 2021. (N9.71 trillion). But as compared to the…
India, the world’s largest exporter of the grain, put a 20% levy on exports of different grades of rice in an effort to stabilize local prices. Concerns have been about…
The price of Dogecoin purposefully driven up by more than 36,000% over the course of two years; according to an amended complaint filed by Musk, his electric car company Tesla…
The Central Bank of Nigeria (CBN) urged to establish a crude refinery intervention fund; in order to promote efficient business operations in the nation. Additionally, they urged the Nigerian National…
In comparison to July 2022 output of 1. 08 million barrels per day, the decrease is more than 10%, and it is less than the 1. 8 million barrels per…
The Nigerian Exchange Limited (NGX) continued to decline as a result of losses suffered by blue-chip companies. The All-share Index (ASI) lost 0.09% or 45.19 basis points, ending the day…
NASA postponed an effort to launch its enormous, next-generation rocketship for the second time in a week. Blaming a persistent fuel leak that the space agency claimed might push back…
The last time sterling hit $1.141 was during Margaret Thatcher’s administration in 1985, when it fell as much as 1%. Pound has dropped to its lowest level in more than…
United Airlines Holdings Inc (UAL.O), a U.S. Airline, announced on that it would invest $15 million in the fledgling air-taxi company Eve Air Mobility and place an order for 200…
The Minister of Aviation, Hadi Sirika, claimed several airlines rejected naira and instead charged ticket prices in dollars. Thereby violating extant local laws. Therefore, the Nigeria FG said it will…