Real Time Financial News Website
The company that owns the WeTransfer file service is cancelling its initial public offering (IPO), Europe’s first prominent tech offering of the year, it said on Thursday, citing volatile market…
Apple’s smartphone market share in China hit a record high in the fourth quarter of 2021, with the iPhone maker reclaiming the number one spot in the country for the…
The Federal Government’s decision to extend the implementation of the fuel subsidy removal policy has affected the cost of ensuring Nigeria’s dollar bonds, as Nigeria’s Credit Default swaps rose to…
Wall Street had a relatively bearish trading session with the S&P 500 ending the trading session lower on Wednesday, taking an abrupt nosedive that reversed earlier solid gains. The reversal…
The Nigerian National Petroleum Corporation Group has urged Nigerians to disregard rumours of petrol shortages and not engage in panic buying, stating that it has enough in stock. This was…
Oil prices rose on Wednesday to $90 a barrel for the first time since 2014 — amid rising tensions between Russia and Ukraine. Over the past months, oil prices have…
The International Monetary Fund has advised Nigeria and other developing economies with large foreign currency borrowings and external financing need to prepare for turbulence in financial markets. The Washington-based lender…
The upturn in global crude oil prices has pushed the landing cost of Premium Motor Spirit (petrol) imported into Nigeria to over N282 per litre. The further rise in the…
Tesla CEO Elon Musk said during the company’s fourth-quarter earnings call that the company won’t release any new models this year, and isn’t currently developing a $25,000 car. In his…
Uber, a mobility service provider, has launched UberMoto, a two-wheeler alternative and smart mobility option, in Ibadan. According to the company, UberMoto will help residents navigate traffic quicker and move…
Spanish bank Santander is launching its own “buy now, pay later” service in Europe, in a bid to fend off fintech rivals trying to eat its lunch. The lender said…
A financial technology start-up that Walmart created and backed said Wednesday it is acquiring two more companies as it aims to build an all-in-one app where consumers can manage their…
Baidu’s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a fresh funding round. Jidu,…
Ripple’s CEO, Brad Garlinghouse took to Twitter to announce that his company has bought back its Series C shares which were sold to investors to raise funds in December 2019,…
A consortium including South Korean chemical company SK Co Ltd has invested $80 million in British battery materials startup Nexeon to ramp up production of its silicon anodes to meet…
Toshiba Corp on Wednesday said it had partially restarted production at a semiconductor plant in Oita, southern Japan, that was halted after a strong earthquake hit the area at the…
Asia markets traded mixed on Wednesday, after U.S. equities tumbled overnight in another volatile session as investors await the Fed meeting statement later stateside. Oil and gold prices also jumped…
Swedish fintech firm Klarna is embedding its “buy now, pay later” service into a physical card in the U.K. The company on Wednesday announced the launch of Klarna Card. A…
South Korea’s LG Display Co Ltd posted on Wednesday a 30% drop in quarterly operating profit on the year, hit by a steep decline in TV panel prices that offset…
The International Air Transport Association says African airlines’ passenger traffic has fallen by 65% due to the increasing impact of the Omicron variant of Covid-19. A new report by IATA,…
Texas, Indiana, Washington State sued Google on Monday over deceptive location-tracking practices that invade users’ privacy. Google spokesperson Jose Castaneda said the attorneys are bringing a case based on outdated…
The value of transactions through Point of Sale (PoS) terminals in the country rose to N18.10trillion between 2017 and 2021Breakdown of the data shows that transactions through PoS terminals, which…
National Information Technology Development Agency said it is developing a code of conduct for social media activities in Nigeria. This was made known by the DG Mr Kashifu Inuwa, during…
The Federal Government on Monday met with oil marketers in the downstream sector for the conversion of 200,000 commercial vehicles to run on gas this year. The meeting was convened…
Chinese internet giant Tencent fired 70 people and blacklisted 13 firms last year as part of an anti-graft campaign. Tencent will no longer work with the blacklisted companies and a…
Australia’s core inflation flew to its fastest annual pace since 2014 in the December quarter as fuel and housing costs led to broad-based price pressures Data from the Australian Bureau…
Truck owners under the aegis of the Council of Maritime Transport Unions and Associations (COMTUA) have threatened to sue the acting managing director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko, over…
A new monthly report of the Organization of the Petroleum Exporting Countries has shown a plunge in Nigeria’s crude oil production in December 2021, triggering a loss of about N74.51bn…
Ethos Mezzanine Partners and BluePeak Private Capital Fund have co-invested $31.5m in Grit Real Estate Income Group (Grit), a Pan–African real estate business headquartered in Mauritius. The investment enables Grit…
Verizon Chief Revenue Officer Frank Boulben has written to the board of Orange withdrawing from the race to head the French telecom firm, Le Figaro reported on Saturday. Sources told…