Real Time Financial News Website
The pump price of Premium Motor Spirit, popularly called petrol, may rise from the current N162-N165/litre to N170/litre, while its depot price is projected to increase from N159/litre to N165/litre,…
The nation’s economy grew more slowly in the third quarter of the year than it did in the second quarter, according to data from the National Bureau of Statistics. The…
The Turkish lira on Thursday continued its slide ahead of the country’s central bank meeting. The currency fell to a record low of 10.98 against the dollar, but pared some…
Ford Motor plans to increase its short- and long-term supply of semiconductor chips through a new partnership with GlobalFoundries. The Detroit automaker and New York-based chip supplier on Thursday announced…
The Nigeria Computer Society (NCS), the umbrella body for all Information Technology (IT) practitioners in Nigeria, is set to spur further innovation among technology startups, with the launch of N50…
Power consumers nationwide may start to pay more for electricity, following plans by the Federal Government to carry out a review of power tariff. This came as the Federal Government…
MTN Group Ltd. and IHS Holdings Ltd. agreed to a 6.4-billion-rand ($410 million) tower-deal in South Africa, according to a statement quoted by Bloomberg. The sale-and-lease back transaction covers 5,709…
Grammarly, a start-up whose software highlights issues as people write in its web app and other programs, said Wednesday that it sports a $13 billion valuation after taking on $200…
Alibaba on Thursday missed revenue and earnings expectations for the September quarter, as slowing economic growth in China and the country’s crackdown on its technology companies weighed on results. Here’s…
German digital bank N26 is shutting down its U.S. operations, less than two-and-a-half years after it launched in the country. N26′s 500,000 American customers will no longer be able to…
European Union lawmakers have reached a deal on how to target big tech companies, as part of a move to limit anti-competitive practices in the digital economy, the Financial Times…
WeRide, a China-based autonomous driving startup, said on Thursday it plans to make its robotaxis available for booking by the public on Guangzhou Automobile Group’s Ontime ride-hailing app by next…
Alphabet Inc’s Google will begin paying Agence France-Presse for its news content as part of broad five-year partnership announced Wednesday that marks one of the biggest licensing deals struck by…
The U.S. Federal Trade Commission said on Wednesday that a federal court should allow an antitrust lawsuit it filed against Facebook to go forward as the company has “interfered with…
Transactions cross N60m as experts express reservation over economic impacts Apex Bank explains its intervention programme to editors The Central Bank of Nigeria (CBN) has onboarded over 488,000 consumer wallets…
The African Export-Import Bank, Afreximbank, has signed a $1.04 billion dollar facility with the Nigerian National Petroleum Corporation, NNPC, to finance oil exploration. A statement issued by the bank on…
Bitmama, a Nigerian fintech startup, has launched a programme to help young people transition into the blockchain ecosystem. Tagged, ‘Bitmama Credits Programme’, the fintech firm said the initiative is targeted…
Ardova Plc has issued N25.3 billion fixed-rate bonds to fund its expansion project in the downstream petroleum sector of the Nigerian economy The bond which is under its N60 billion…
Nigeria’s remittance inflow is set to hit $17.6bn and push inflows to Sub-Saharan Africa to $45bn in 2021, a new report by the World Bank has indicated. Remittance inflow to…
The Federal Government, 36 states of the federation and the 774 local government areas of the country shared the sum of N671.91bn as the revenue that accrued into the coffers…
The World Bank says the general increase in food prices which occurred between June 2020 and June 2021 may have increased the percentage of Nigerians living below the national poverty…
The President, Chartered Institute of Taxation of Nigeria, Mr Adesina Adedayo, has said the introduction of eNaira into the Nigerian economy is expected to reduce incidences of tax evasion. Adedayo…
The British Council has launched a new programme to foster and strengthen universities’ support for innovation and entrepreneurship. It said the programme, called ‘Innovation for African Universities’, would enable students,…
At the end of today’s trading session, Nestle Plc share price depreciated by 0.71% to close at N1390.00 per share, taking the market capitalization from N1.11 trillion to N1.10 trillion.…
According to a 2019 report by Deloitte, about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African…
The House of Representatives has urged the Federal Ministry of Finance, Budget and National Planning, the National Insurance Commission and all ministries, departments and agencies of the Federal Government to…
The dollar strengthened through key resistance levels on Wednesday, propelled by better-than-expected U.S. retail data, although the upbeat news was not enough to lift Asian shares, which were dragged by…
Qualcomm stock closed up 7.9% on Tuesday after it issued bullish forecasts at an investor’s conference in New York and said that its growth doesn’t rely on a relationship with…
China — Cloud Village — the music streaming arm of NetEase — is pushing ahead with an initial public offering in Hong Kong after reportedly delaying it earlier this year.…
U.S. buyout fund Carlyle said on Wednesday it had agreed to acquire Swiss industrial software firm AutoForm AG from private equity firm Astorg for an undisclosed amount. AutoForm, founded in…