Real Time Financial News Website
The Organization of the Petroleum Exporting Countries and its allies continue to underperform their increasingly lofty oil production targets. With a group falling record of 700,000 barrels per day short…
French buy-now-pay-later platform Alma raised 115 million euros ($131 million) in equity funding as it seeks to speed up its expansion in Western Europe. Alma’s latest fundraising round also drew…
As the NIMC portal continues to experience downtime due to a technical glitch, telecom companies have resumed SIM verification services. Telcos began preparations and arrangements to reconfigure their systems in…
The Central Bank of Nigeria has revealed that it will stop the sale of foreign exchange to Deposit Money Banks by the end of the year. The CBN Governor Godwin…
The Nigerian National Petroleum Company together with one of its joint ventures partners, Engaged Resources Limited flagged off a 16.7-kilometre Ikpako-Ajoki Road project in Edo state. NNPC Group Managing Director…
A US court of appeals for the second circuit has overturned orders which blocked Nigeria from obtaining documents to support its appeal against a $10 billion judgement awarded against it…
The United Nations is requesting for the sum of $1.1 million to aid displaced persons living in the northern part of Nigeria. In a statement released by the UN yesterday,…
The Central Bank of Nigeria (CBN) has indicated that it would discontinue the sale of foreign exchange to Deposit Money Banks (DMB) by the end of the year. This is…
President Muhammadu Buhari has ordered that those responsible for importing petrol with higher than normal amounts of methanol, which caused a fuel scarcity situation in major cities across Nigeria, should…
Russia’s Federal Antimonopoly Service (FAS) on Thursday said Alphabet’s. Google had breached antitrust law related to suspending and blocking accounts on YouTube. Google is waiting for the FAS’ full decision…
Meta, the parent company of Facebook, says Nigerian customers should update their value-added tax (VAT) identification numbers by February 25. The social media giant said this in a statement issued…
Ibadan Electricity Distribution Company Management has said it cut power supply to the Oyo State Secretariat over the issue of its huge indebtedness. IBEDC in a statement on Wednesday said…
PepsiCo Inc and Coca-Cola Co trounced Wall Street estimates for quarterly revenue on Thursday, supported by recent price increases and robust demand but warned of runaway inflation dragging profit growth…
The Federal Bureau of Investigation has arrested and charged Ilya Lichtenstein and Heather Morgan with conspiracy to launder stolen cryptocurrency. The couple were arrested for stolen cryptocurrency during the 2016…
Coca-Cola Co reported quarterly revenue on Thursday that beat analysts’ estimates, helped by higher prices for its soft drinks and on gradual reopening of theaters and restaurants across the world…
The management of NIRSAL Microfinance Bank has requested for the payback of COVID-19 loans secured by many entrepreneurs across Nigeria through the Central Bank of Nigeria’s (CBN) Targeted Credit Facility…
The International Court of Justice has ordered Uganda to pay $325 million in compensation to the Democratic Republic of Congo for violating international norms as an occupying force between 1998…
The ace TV game show Who Wants To Be A Millionaire? on Sunday unveiled the new sponsors for Series 2- at an event held at the Federal Palace Hotel, Lagos.…
Director-general of the securities and exchange commission Amid Yuguda says there is a need for capital market operators to prioritise the interest of investors. Yuguda said this during a meeting…
China hopes the United States will remove additional tariffs on Chinese goods and end its sanctions and crackdowns as soon as possible to create conditions for trade cooperation, the Ministry…
The CITN President Adesina Adedayo has said the institute is committed to expanding taxation in the country. Adedayo said this during the Chartered Institute of Taxation of Nigeria 40th anniversary…
Superstar footballer, Cristiano Ronaldo , with over 400 million followers on Instagram, is now the most followed person on the social media platform. It has now been revealed that he…
Oil will “certainly” hit $120 a barrel and the global economy will be “radically altered” if Russia invades Ukraine, veteran strategist David Roche has predicted. Moscow has denied that it…
Elon Musk and Jeff Bezos, have seen their wealth jump on the back of strong gains despite concerns that the U.S. Fed would taper the U.S economy amid record inflation.…
The Nigerian Insurers Association (NIA) says insurers paid over N11 billion as claims for losses suffered during the 2020 #EndSARS protests. Ganiyu Musa, chairman of NIA, said this on Tuesday…
Maxam Ghana Limited has agreed to pay the US$1 million fine imposed on the company, as well as comply with other measures taken by the Minister of Lands and Natural…
The Treasury has dropped plans to inject Sh1 billion into President Uhuru Kenyatta’s plan to derisk access to credit for small traders. The supplementary budget shows the spending under the…
The Department of Justice in the United States announced arrests and seizures of $3.6 billion worth of Bitcoin. The arrest and seizure were from the hackers who stole 119,756 BTC…
Telecom trade union have issued a 14-day ultimatum to MTN Nigeria Telecommunications to address issues on workers welfare or face industrial action. The Workers association promises to disrupt services nationwide…
Telecommunication subscribers have continued to lament their inability to retrieve lost Subscriber Identity Module or get a new SIM card This is due to a technical glitch in the NIMC’s…