Real Time Financial News Website
Nigeria is likely to contend with a gale of divestments by international oil companies, According to the global provider of energy information While hanging onto their most efficient projects, oil…
Ibadan Electricity Distribution Company Plc has re-inaugurated the Meter Asset Provider Scheme efforts to enhance meter rollout across its areas of operations. The Chief Operating Officer of the company, John…
Oil prices fell at the weekend but still posted the biggest annual gains since 2009, spurred by the global economic recovery from the COVID-19 pandemic and producers’ restraint. Brent, Nigeria’s…
Chinese gaming and social media company Tencent Holdings Ltd (0700.HK) has raised $3 billion by selling 14.5 million shares at $208 each in Sea, which owns e-commerce firm Shoppe, according…
China’s top market regulator said on Wednesday it has fined units of Alibaba Group Holding Ltd (9988.HK), Tencent Holdings Ltd (0700.HK), and Bilibili Inc for failing to properly report about…
A Foxconn iPhone factory in India at the center of a mass food-poisoning incident will extend a week closure by three days. The factory with 17,000 people, is due to…
President Muhammadu Buhari has appointed Dr Doyin Salami as his Chief Economic Adviser. This was disclosed by the Special Adviser to the President on Media and Publicity, Femi Adesina. The…
The lira slid as much as 4% against the dollar on Tuesday as Turkey girded for inflation to rise further after touching a 19-year peak, even as President Tayyip Erdogan…
Many years ago, I sat in the office of a big man who shall remain nameless- and he expressed serious concerns about what would happen after his demise. He had…
Dubai-based Global Ventures is close to meeting a $100 million target for its new fund after attracting investments from Abu Dhabi and Saudi Arabia’s state investors, insurer Bupa Arabia (8210.SE)…
The management of Alitheia IDF (AIF), Africa’s women-led and women-focused private equity fund. It announced the final close of the $100 million fund with European Investment Bank (EIB) joining as…
China has released pilot versions of its digital yuan wallet application on mobile phone app stores as the country’s central bank steps up its push to develop its own digital…
South Africa court has ordered Shell to halt a seismic campaign off the Wild Coast, in the nation’s Eastern Cape region. The company has chartered the seismic vessel Amazon Warrior…
Apple Inc. yesterday became the first company with a $3 trillion stock market value. Lifted by investors’ confidence that the iPhone maker will keep launching best-selling products. It explores new…
PiggyVest, a savings and investment platform, says over N242 billion was paid to 3.5 million customers in 2021. Somto Ifezua, chief executive officer, PiggyVest, disclosed this in a newsletter released…
Norrenberger Advisory Partners Limited has acquired a 100 per cent equity interest in International Energy Insurance Company Plc, IEI has announced in a note to the Nigeria Exchange Limited. IEI…
Nigeria tops the list of African countries that benefitted from the $5 billion raised by Africa’s technology start-ups in 2021. Investors from the United States and China piled into companies…
Roselyn Hsueh, associate professor of political science at the College of Liberal Arts, talks about the debt-stricken company, whose financial problems could affect the Chinese economy and global financial markets.…
The private sector is expected to pool N298.3 trillion (89.7 per cent) of the 2021-2025 National Plan’s total spend. Specifically, the Plan aims to generate 21 million full-time jobs and…
Amid currency crisis and fluctuation in oil prices. The country’s gross foreign reserves dipped by nearly $600 million in December alone. This raises fresh concern about the short to medium-term…
About 80 per cent of agro-products from Nigeria that are intercepted and seized by the European Union member nations are exported illegally, the Federal Government has said. It explained that…
U.S. crude stocks, gasoline and distillate inventories fell last week, while U.S. oil production rose to the highest since May 2020, Energy Information Administration data showed on Wednesday. Crude inventories…
The European Commission has said it has approved Germany’s ‘H2Global’ $1.1bn programme to subsidise the manufacturing of green hydrogen abroad before being imported and sold in the European Union. According…
According to a statement on the United States Federal Bureau of Prisons website, Obinwanne Okeke will be released in 2028. Mr Okeke is being held at the Federal Correctional Institution…
Spanish consumer prices in December rose 6.7% from the same month last year. The fastest annual pace of inflation since 1989, flash data from the National Statistics Institute (INE) showed…
On the last full trading day of the year in Europe, investors are opting for a defensive allocation with sectors from pharma to tech keeping the STOXX 600 (.STOXX) index…
Apple is preparing to bring its new iPhone models without a physical SIM card slot starting September 2022, according to a report. The iPhone models in question would instead include…
A total of seven companies delisted and three were listed on the Nigerian Exchange Limited (NGX) in 2021 amid expectation that the stock market might close the year positive. The…
Crypto giant Binance is bolstering its presence in France after a choppy year of regulatory scrutiny. The world’s largest cryptocurrency exchange is financing a 100 million euro ($113 million) initiative…
Tencent Holdings’ Riot Games on Monday said it has agreed to pay $100 million to settle a 2018 gender-based discrimination class-action lawsuit with California state agencies and current and former…