Real Time Financial News Website
PUTTRU Technologies Limited has said Nigeria and other African countries should be exempted from the net-zero carbon emissions target of 2050. In a statement released by The digital energy platform…
The Honorable minister of Minister of Finance, Budget and National Planning Her excellency Zainab Ahmed, has said the Federal Government generated N86bn through the Treasury Single Account between January and…
On Wednesday the senate approved a loan request of $5.8bn and a grant of $10m under the 2018-2020 External Borrowing (Rolling) Plan of the Federal Government, made by the President,…
The federal executive council (FEC) has approved the Nigeria startup bill to provide a conducive environment for entrepreneurs. Isa Pantami, minister of communications and digital economy, disclosed this on Wednesday…
Social media platform Reddit said on Wednesday it had confidentially filed for a proposed initial public offering (IPO) with the U.S. Securities and Exchange Commission. Reddit, known for its message…
The Chairman, ALTON, Gbenga Adebayo, had disclosed at the NCC’s 2021 board and management retreat in November that one of the problems plaguing the telecoms industry was a lack of…
Netflix slashed on Tuesday the prices of its streaming services in India, for the first time since launching five years ago in the South Asian nation, as it moves to…
The inflation rate in Nigeria fell in November to 15.40 per cent (year-on-year), the lowest since December last year, according to the National Bureau of Statistics. The NBS, in its…
Shareholder groups of MTN Nigeria have called on the management of the company and the Securities and Exchange Commission (SEC) to extend the telco giant’s Public Offer, which closed yesterday,…
The Governor of the Central Bank of Nigeria, Godwin Emefiele has said most of the roads constructed in the country will be tolled to repay the loans used to fund…
Employees at Google have been threatened with pay loss – and even termination of employment – if they fail to comply with the company’s Covid-19 vaccination policy, Leaders circulated a…
A brief surge in mortgage refinance demand fizzled fast, after interest rates resumed their climb along with the stock market. The initial scare from the Covid omicron variant caused rates…
The Bank of England has told top banks to clarify by March, on how they will keep enough cash in circulation as COVID-19 accelerates its decline, saying it won’t create…
The U.S. Congress on Tuesday approved raising the federal government’s debt limit by $2.5 trillion, to about $31.4 trillion, sending the bill to President Joe Biden to sign and avert…
On Tuesday the Debt Management Office revealed that Nigeria’s public debt was N38.005tn as of the end of the third quarter of 2021. In a press statement titled, ‘DMO publishes…
On Tuesday Turkey’s lira slid as much as 4% in further volatile trade after tumbling to all-time lows a day earlier on concerns over President Tayyip Erdogan’s risky new economic…
Due to the outbreak of the Omicron COVID-19 variant the federal government has suspended plans to sell additional N2.18 billion Eurobonds. An Eurobond is a debt instrument denominated in a…
Tesla Inc Chief Executive Officer Elon Musk has been named the Financial Times newspaper’s “Person of the Year”. The FT said it picked Musk for triggering a historic shift in…
Alphabet YouTube said on Tuesday it has fixed an issue that caused thousands of users to lose access to its platform or face slow services. Downdetector, which showed there were…
Car hire service providers like Uber, Bolt, in-drive, and other technology-based transport companies in Nigeria has been resolved to be investigated by the House of Representatives. An ad hoc committee…
Australian biopharmaceutical giant CSL Ltd (CSL.AX) said it would buy Swiss drugmaker Vifor Pharma AG (VIFN.S) for $11.7 billion, as it aims to diversify beyond its blood plasma collection business…
Zenith Bank Plc defied a generally rising cost of funds in the financial markets and cut interest expenses by close to N20 billion at the end of the third quarter…
Kolkata-based Tega Industries Ltd, which offers products and services to the mining industry, made a stellar debut on the stock exchanges on Monday with its shares listing at a 66%…
U.S. stock index futures rose during early morning trading Tuesday after the major averages started the week in the red as Covid omicron fears hit sentiment. Futures contracts tied to…
SpaceX and Tesla CEO Elon Musk sold another 934,091 shares of his electric car company, which are worth around $906.49 million, according to a pair of financial filings with the…
Hong Kong-listed shares of Chinese social networking giant Weibo tumbled more than 9% on Tuesday, as regulators fined its operator three million yuan ($471,151). The Cyberspace Administration of China said…
Meta Platforms Inc, the owner of social media network Facebook, is behind a $60 million deal to acquire the trademark assets of U.S. regional bank Meta Financial Group, spokespeople for…
The Federal Government has indicated the possibility of introducing new taxes, tariffs and levies as part of measures to shore up its revenue. This is just as the Federal Ministry…
Zoom Video Communications, Inc. (Zoom) says it will begin to charge 7.5 percent value-added tax (VAT) on customers in Nigeria from January 1, 2022. Zoom said this in a statement…
In a dramatic fashion, a telecom under dog, MAFAB Communications, emerged from nowhere, Monday, to become one of the winners of 3.5GHz Spectrum licenses. The licenses are necessary to deploy…