Real Time Financial News Website
Nigeria and other African countries sealed trade-related investment deals worth $42.1 billion at the recently concluded second Intra-African Trade Fair (IATF 2021) held in Durban, South Africa. According to the…
The National Information and Technology Development Agency (NITDA) and Nigerian Export Promotion Council (NEPC) have forged an alliance that could enable Nigeria to benefit from the yearly $4.7 trillion exportation…
Transactions on the Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses in many blue-chip stocks, causing market capitalisation to slump by N20 billion. Specifically, at…
Notwithstanding the rattle by the newest variant of COVID-19, Omicron, which has raised fresh uncertainty, data and economists see near-term stability in the foreign exchange market. Rising from the panic…
The African Development Bank (AfDB) has postponed the 2021 Africa Investment Forum until further notice over rising global travel restrictions due to the COVID-19 Omicron variant. The event was initially…
Cloud software vendor HashiCorp updated its IPO prospectus on Monday, disclosing plans to sell shares at a price that would value the company at up to $13 billion. HashiCorp, which…
Shares in Asia-Pacific mostly fell on Tuesday afternoon as investors in the region continued to track developments surrounding the omicron variant. Major markets in the region fell after Moderna CEO…
The Domestic Base Price (DBP) of natural gas for heating has risen by half a dollar (50 cents) for cement, non-grid electricity generation, aluminium, iron and steel industries, among others…
Nine banks made a gross earning of N2.64tn in the first nine months of 2021 according to data collated from the third quarter earnings of the banks. This is N132.64bn…
BMW on Monday evening unveiled a new high-performance concept vehicle that previews an electrified crossover expected to begin production late next year in South Carolina. The new production car, called…
The National President of the Nigeria Society of Chemical Engineers has revealed that Dangote Oil Refining Company will be the highest employer of Chemical Engineers in the country when the…
The Federal Government says Twitter has agreed to all the conditions it laid out for its operations in Nigeria. The Minister of State for Labour and Employment, Festus Keyamo, who…
TikTok parent ByteDance Ltd. has invested in Dubai-based iMile Delivery LLC as part of the first major fundraising by the courier startup that services Chinese online vendors, according to people…
Seplat Energy, Nigeria’s largest listed oil and gas firm by market value, has announced that it is in competitive discussion to acquire ExxonMobil’s shallow-water oil assets in Africa’s biggest economy.…
China issued its most comprehensive set of guidelines yet governing the growth and expansion of its ride-hailing industry, dealing a fresh blow to leader Didi Global Inc. Agencies including the…
The Nigerian Communications Commission says it is set for the second trial of 5G in Nigeria. According to the commission, the trial which is scheduled to hold on Thursday is…
Jack Dorsey Twitter CEO steps down from his duty as the company’s CEO. Dorsey, 45, who is also the CEO of Square Inc., a payments startup, is thought to have…
The World Bank says the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country The bank disclosed this in the November edition of its…
Servicing of debts acquired through instruments issued by the Federal Government in the Nigeria capital market totaled N2.18tn as of October 30, an analysis of data by our correspondent has…
Adenia Partners, one of the oldest Africa-focused private equity firms that has hit the road to raise its next fund, has inked its fifth deal of the year as it…
Crossfin Technology Holdings, a South African fintech investment firm, has been acquired by a consortium of investors, including Patrice Motsepe’s African Rainbow Capital (ARC), for R1.5-billion. The consortium is led…
WIOCC Holding Company Ltd has raised $200 million in debt and equity capital to expand digital connectivity within Africa and internationally, and to launch data centres in the continent. The…
Shares in China Evergrande Group fell as much as 4.8% on Monday morning, after its chairman trimmed his stake in the cash-strapped property developer to raise about $344 million. The…
The UK competition regulator is expected to block Meta Platforms’ acquisition of online GIF platform Giphy in the coming days, the Financial Times reported on Monday. The Competition and Markets…
U.S. Commerce Secretary Gina Raimondo will on Monday make a pitch in Michigan for Congress to approve $52 billion to expand U.S. semiconductor manufacturing even as it continues to review…
The Central Bank of Nigeria (CBN) says the currency in circulation rose by 4.58% from N2.84tn in September to N2.97tn in October. This amounted to a N129bn increase, according to…
Flour Mills of Nigeria Plc (’FMN”) has assured its stakeholders that the recent announcement by the Group to assume majority shareholder status of Honeywell Flour Mills Plc (HFMP) on Monday…
The Federal Government may extend the implementation of capital projects components in the 2021 Appropriation Act till next year following the inability of many ministries and agencies to conclude their…
Investors in the equities market of the Nigerian Exchange Limited recorded a loss of N71.44bn at the end of the trading session on Thursday as oil and gas and banking…
Broadband subscriptions dropped from 85.94 million recorded in December 2020 to 76.15 million in October 2021, indicating a 12.08 per cent or 9.79 million drop in the number of subscriptions.…