Real Time Financial News Website
Franco-Italian chipmaker STMicroelectronics said its preliminary fourth-quarter revenues were slightly above the guidance given at the end of October, in the context of a global microchip supply crunch, which gave…
The Federal Government on Thursday said it was putting measures in place to ensure further reduction in the cost of Liquefied Petroleum Gas, popularly called cooking gas. It disclosed this…
The Senate has uncovered how the Bureau of Public Enterprise (BPE) failed to remit $679.4 million realized from the concession of various ports to 23 companies. The Senate Committee on…
The federal government recorded a budget deficit of N7. 052 trillion as at November last year, in the implementation of the 2021 budget. The aggregate 2021 budget deficit had been…
GameStop Corp is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish cryptocurrency partnerships, a source familiar with the matter said on Thursday, boosting the video…
Forrest Li, Chairman and Chief Executive officer of Sea Ltd recently lost a huge chunk of his fortune. Li lost about $10 billion of his fortune since the American depositary…
Kentucky Fried Chicken (KFC), an international fast food restaurant chain, Kenya, says it will start sourcing potatoes locally. According to reports, KFC Kenya concluded to source potatoes from Kenyan farmers…
FG has introduced a policy requiring foreign companies that provide digital services in the country to collect and remit Value Added Tax to the Federal Inland Revenue Service. Minister of…
The Area ll Command of the Nigeria Customs Service Port in Onne said it generated N188.64bn in 2022, compared to the N69.68bn in 2020. The Area Controller of the command,…
Canadian firm BlackBerry Ltd said it will take steps to decommission legacy services for its 10 and OS operating systems By this announcement the company has shut down support for…
Nigerian FG says non-resident companies are mandated to remit 6% of turnover from digital services provided to Nigerian customers. An NRC is a company not registered or incorporated in Nigeria…
The amount of foreign exchange that entered Nigeria in the third quarter of 2021 increased by 64% to $30.18 billion, up from $18.4 billion in the previous quarter. This is…
The Manufacturers Association of Nigeria (MAN) has kicked against the Federal Government imposed excise duty on all non-alcoholic and carbonated beverages. Mr Segun Ajayi-Kadir, the Director-General of MAN, said the…
Germany’s cartel office examines Google’s use of personal data and its Google News Showcase product under its new powers to regulate internet companies The regulator said on Wednesday it had…
European stocks awaits to open sharply lower following losses that saw the Dow Jones notching its first decline of 2022. European markets are set to follow their Asia-Pacific counterparts lower…
Walmart workers in the United States who must isolate or who have tested positive for COVID-19 will receive one week of paid leave instead of two under a new policy…
The shares of Airtel Africa hit an all-time high price of N1,050.50 on Wednesday, gaining a maximum of 10 percent. Earlier on Wednesday, the telecommunications company announced the first closing…
The federal government has introduced an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages. Excise duty is a form of tax imposed on the production,…
The Federal Government is set to reduce its workforce. It is designing what it calls an exit package for government workers that will be leaving the service. Minister of Finance,…
Shares in Asia-Pacific declined on Thursday following losses overnight that saw the Dow Jones Industrial Average notching its first decline of 2022. In Japan, the Nikkei 225 slipped 2.88% to…
The 64th annual Grammy Awards show has been postponed indefinitely amid a resurgence of Covid cases, fueled by the omicron variant. “The health and safety of those in our music…
Nike on Wednesday filed a lawsuit accusing Lululemon Athletica of patent infringement for making and selling the Mirror Home Gym and related mobile apps without authorization. In a complaint filed…
Facebook-owner Meta has applied to appeal a British competition watchdog ruling that it must sell Giphy on grounds that include challenging the finding that the deal removed a potential competitor…
Tencent Holdings’ (0700.HK) Weixin, China’s dominant messaging app which is known as WeChat outside the country, said on Thursday that average daily active users for its mini programs hit 450…
The Asset Management Corporation of Nigeria is set to publish names of Loan debtors owing it a total of N4.4tn. The move follows the expiration of the 30-day ultimatum given…
Aviation and telecom groups in the United States have said they will share data to help resolve safety concerns related to new 5G wireless service. Aviation groups and the Federal…
Foreshore Waters Limited has secured a N2.4 billion loan facility from the Bank of Industry to support the company’s growth and expansion plans. The facility will be utilized to further…
Toyota Nigeria says it will not compromise on quality of vehicles, spare parts and after-sale services. It noted that Toyota had over the years remained among top brands in the…
The Centre for the Promotion of Private Enterprise, has advised the Central Bank of Nigeria to review its ban on some of the over 40 items which the regulator has…
The U.S. Securities and Exchange Commission charged Medallion Financial Corp and its president with fraud. They were charged for trying to inflate the stock price of the lender to taxicab…