Real Time Financial News Website
Credit Suisse (CSGN.S) on Sunday rejected a claim by Russian businessman Vitaly Malkin for 500 million francs ($515.62 million). Which he linked to a former client adviser at the bank…
At the 2022 stakeholders’ retreat of the Senate Committee on Banking, Insurance, and Other Financial Institutions with the Nigeria Deposit Insurance Corporation. The Managing Director/Chief Executive (NDIC), Mr. Bello Hassan,…
Despite Nigeria’s steady economic recovery, inflation, according to the International Monetary Fund (IMF), would stay high. The Washington-based institution said this in a statement statement. After concluding a series of…
An investor in dogecoin, a cryptocurrency that began as a joke but grew in value championed by Elon Musk, filed a $258 billion lawsuit against the billionaire and his firms…
Fuel queues returned to Abuja as motorists spent hours at filling stations waiting to buy the Premium Motor Spirit. This is the third time that Abuja, Nigeria’s political headquarters, will…
Asian shares were mostly higher on Friday as investors hoped U.S. jobs data due later might sway the Federal Reserve. To slow its current aggressive pace of interest rate hikes…
China’s national oil majors are in advanced talks with Qatar to invest in the North Field East expansion of the world’s largest liquefied natural gas (LNG) project and buy the…
Nigeria’s inflation rate has again surged to 17.71%, according to latest figures by the National Bureau of Statistics. In May 2022, the inflation rate increased to 17.71 per cent on…
The current bear market has seen a whopping 72 out of top-100 tokens by market capitalization fall. More than 90% from their respective all-time highs, which most of them hit…
Some Western companies have agreed to sell their Russian assets or hand them over to local managers. As they scramble to comply with sanctions over the Ukraine conflict and deal…
The American consumer presents a significant obstacle as the Biden administration considers escalating sanctions against Russia. This is in response to its invasion of Ukraine. U.S. drivers are embarking on…
Nigeria spent N3.25tn on airtime, data, and other telecommunication services in 2021, according to the Nigerian Communications Commission. This is a 12.74% increase from the N2.88tn in 2020 and a…
The Russian subsidiary of Alphabet’s (GOOGL.O) Google has submitted a declaration of bankruptcy, Interfax. The Russian authorities’ seizure of Google Russia’s bank account has made it untenable for our Russia…
Volkswagen AG (VOWG_p.DE) and its Porsche AG unit have agreed to a class-action settlement worth at least $80 million. To resolve claims it skewed emissions and fuel economy data on…
World stocks fell and bonds resumed their slide after a surprise Swiss interest rate hike fuelled concerns about surging inflation. And an aggressive policy tightening outlook from global central banks.…
Indian conglomerate Reliance Industries (RELI.NS) is considering buying out Revlon Inc (REV.N) in the United States, days after the cosmetics giant filed for bankruptcy. The report comes as Revlon filed…
The Bank of Japan maintained ultra-low interest rates and its guidance to keep borrowing costs at “present or lower” levels. Signaling its resolve to focus on supporting the economy’s tepid…
Toymaker Lego said it will invest more than $1 billion in a factory in the United States. To shorten supply chains and keep up with growing demand for its coloured…
World stocks headed for their worst week since markets’ pandemic meltdown in March 2020, as interest rate hikes in the US and Britain. And a surprise one in Switzerland set…
The World Trade Organization’s164 members approved a series of trade agreements. That included commitments on fish and pledges on health and food security after more than five gruelling days of…
A Tesla Inc (TSLA.O) shareholder sued the electric car maker, Chief Executive Elon Musk and its board. Accusing them of neglecting to tackle complaints about workplace discrimination and harassment, and…
As consumers struggle with inflation and return to pre-pandemic behavior, British online fashion retailers ASOS (ASOS.L) and Boohoo (BOOH.L) issued a warning, sending their shares down. ASOS shares hit 29%…
Compressing Britain’s two company listing segments to attract more tech firms could put an existing “gamechanger” at risk. Britain wants to use its post-Brexit flexibility in financial rulemaking to compete…
Cryptocurrency exchange Binance’s Chief Executive Officer, Changpeng Zhao, said that volumes on the exchange so far in 2022 were similar to the $34 trillion it had in 2021. “So far…
OPEC+ produced 2.695 million barrels per day below its crude oil targets in May. Because of production problems at several members and as Russia faced sanctions. An OPEC+ document seen…
Nigeria must increase its productivity and change consumption patterns to shore up the value of naira. The Central Bank of Nigeria, CBN, had made several policy interventions to improve the…
World Bank economists, Jonathan Lain and Jakob Engel, have said that rising inflation, persistent population growth, the COVID-19 pandemic, and the war in Ukraine are threatening Nigeria’s poverty reduction aspiration.…
Subscriptions for internet across mobile, fixed, and VoIP networks in the country increased to 148 million in April this year. The telecom operators recorded a total of 2.5 million new…
The U.S. Federal Reserve raised its target interest rate by three-quarters of a percentage point to combat a disruptive rise in inflation. While also forecasting a weakening economy and growing…
In its resolve to help smallholder farmers mitigate loss of harvests due to poor weather conditions, pests and diseases. Rufus Idris, Heifer’s country director, said at the farmers insurance claim…