Real Time Financial News Website
Airbus Helicopters Company has signed a partnership deal with EAN Aviation Limited. Making the Nigerian company a distributor for Airbus Helicopters in West Africa. According to a statement, the strategic…
Many Nigerian Bitcoin traders are lamenting their losses because of the continued drop in the market value of Bitcoin. Since the turn of the year, BTC has lost 52.84% of…
According to the CEO of BaoBab Nigeria, the company provides loans of roughly N40 billion to its clients in order to help them expand. He spoke during a customers’ forum…
The total value of domestic transactions on the Nigerian Exchange Limited (NGX) for the first four months of 2022 was N742.09 billion. This is as against N156.09 billion, which was…
The exchange rate between the naira and the US dollar closed at N419.75/$1 at the Investors and Exporters window. The Naira depreciated further at N419.75/$1 from the N419.5/$1 recorded in…
The dollar edged off a two-week high on the euro, ahead of inflation data that should guide the Federal Reserve’s policy tightening path, and after the European Central Bank said…
Asian shares tracked a global equities sell-off on Friday as rate hike guidance from the European Central Bank. Jittering over upcoming U.S. inflation data stoked concerns about global growth. While…
Big U.S. Banks, including JPMorgan Chase & Co (JPM.N) and Citigroup (C. N), appear set for some earnings boost from a pickup in the battered credit-card business. But a recession…
Sterling Bank Plc is targeting to achieve N50.487 billion in gross earnings for the third quarter of 2022.In its Q3 earnings forecast, obtained from the Nigerian Exchange Limited (NGX). It…
Air Peace and other airlines’ traffic across Africa increased by 116.2% in April 2022. This is compared to a year ago in March 2021. It was disclosed by the International…
The Bundesbank cut its growth projections for the German economy on Friday and predicted sharply higher inflation. This is due to soaring food and fuel prices sap households’ purchasing power…
Operators in the oil and gas sector remain uncomfortable with the continued rise in the amount spent in subsidising PMS. As it jumped to N947.51bn between January and April 2022.…
The exercise to register customers with electricity distribution companies has remained at 10 million for the previous two years. Further findings also show that about 47% of registered power users…
The exchange rate between the naira and the US dollar closed at N422.5/$1 at the Investors and Exporters (I&E) window. Naira recorded a massive depreciation falling by 0.54% to close…
The gap between the savings and lending rates in the banking sector widened by 25.33% in March- CBN. CBN money market indicators revealed that savings deposit rate was 1.28% in…
Thirty-two states in Nigeria (Kaduna and Rivers) did not attract any foreign investments in the first quarter of 2022- PUNCH. A report by the National Bureau of Statistics shows that…
Over 180,000 traders lost approximately $520 million as Bitcoin traded below $25,000, a price point, not seen since December 2020. Many have compared the decline in the market to what…
Total assets under the Contributory Pension Scheme rose by N640bn in four months to N14.06tn- National Pension Commission. The funds, which ended December 31, 2021, at N13.42tn, rose to N13.61tn…
The FG’s total borrowing from the Central Bank of Nigeria rose from N17.46tn in December 2021 to N19.01tn in April 2022. According to data from the CBN, this represents an…
The Nigerian insurance sector grew by 15.68% in 2022 Q1 financial period- the National Bureau of Statistics, NBS. The statement said, “The financial and insurance accounted for 89.12% and 10.88%…
Nigeria’s cocoa production is expected to increase from 340,000 tonnes to 500,000 tonnes by 2024, according to the Federal Government. The Minister of Agriculture and Rural Development said, at a…
Russia’s Industry Ministry expects car sales to halve in 2022 as the country’s automobile industry grapples with supply issues. “We saw a sharp fall (in car sales) in April and…
Bloomberg has vastly expanded its coverage of the cryptocurrency markets. Following a decision to include data on the top 50 crypto assets to the Bloomberg Terminal. Before now, Bloomberg already…
Real estate developers, Brains and Hammers, has inaugurated a 101-unit mixed housing development named, ‘Coopeast Beach Resort’. A statement said the project, estimated to have cost N5.6bn, started in August…
Elon Musk got into a Twitter spat with Australia’s third-richest man on Friday. The Tesla Inc (TSLA.O) chief executive said “everyone at Tesla is to spend a minimum of 40…
Australia’s largest casino operator Crown Resorts Ltd (CWN.AX) said on Friday regulators in the state of Western Australia had cleared its $6.3 billion buyout by private equity giant Blackstone Inc…
The experts spoke at the maiden edition of the Chartered Insurance Institute of Nigeria’s program tagged, ‘Insurance industry parley’. The event was themed, ‘Sustainable insurance – issues and trends. And…
Mastercard, a leading payment giant plans to use card payments to expand access to the non-fungible token (NFT) market. Raj Dhamodharan, an executive vice president of the company, disclosed in…
Listed commercial banks operating in Nigeria paid an aggregate of N7.72 billion to auditing firms in 2021, which is 25.1% and 36.1% higher compared to N6.17 billion and N5.67 billion…
Asia’s stocks rose on Wednesday, encouraged by a rally on Wall Street. But worries kept gains in check that aggressive central bank policy tightening will stifle global growth. Therefore, raising…