Real Time Financial News Website
Meta, the company formerly known as Facebook, on Wednesday announced a partnership with Microsoft that will allow customers to integrate Meta’s Workplace enterprise social network software with Microsoft Teams. The…
Price at par with USA, Germany, China but ahead of India, S’Africa, Egypt With the Federal Government optimistic about December 13 Fifth Generation (5G) network spectrum auction in Nigeria, the…
Meta, the parent company that oversees Facebook, Instagram and Messenger has reinforced commitment to protecting underrepresented groups across the three platforms. The company said it is blocking advertisers from using detailed…
Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his…
Nigerian National Petroleum Corporation (NNPC) has resolved to rebuild the Badagry Expressway under the Federal Government’s Tax Credit Scheme. The Controller of Works in Lagos, Olukayode Popoola, dropped the hint…
The Nigerian Exchange (formerly known as the Nigerian Stock Exchange), has approved the listing of Ronchess Global Resources Plc on the Nigerian Exchange. In a letter to the Stockbroker on…
The Organization of Petroleum Exporting Countries (OPEC) has said Africa’s proven oil reserves reached 126 billion barrels in 2019, with Nigeria having 36.9bn, which is about 29 per cent of…
Emirates Group has reported that its net loss for the first half of the 2021/2022 financial year fell to $1.6bn from $3.8bn in the same period a year ago as…
The Central Bank of Nigeria (CBN) has flagged off the Nigerian Brown Revolution, an intervention programme to boost wheat production in the country. Godwin Emefiele, CBN governor, said the apex…
The Federal Executive Council presided over by Vice President Yemi Osinbajo on Wednesday approved the 2021-2025 National Development Plan, which is a successor programme to the Economic Recovery and Growth…
The World Bank has demanded debt transparency as a crucial step in countries’ development process, while it estimates that external financing needs in Nigeria and other low income developing countries…
Franck Riester, French minister of foreign trade and economic attractiveness, says Nigeria needs to create an enabling business environment for companies to carry out their activities. Riester spoke on Wednesday…
The Governor, Central Bank of Nigeria, Godwin Emefiele, has invited foreign investors to consider Nigeria as their choice investment destination, noting that business confidence in the country is on the…
BudgIT Foundation, a civic-tech organisation, has called on the National Bureau of Statistics (NBS) to publish data on FAAC allocations in Nigeria from March to August 2021. BudgIT said this…
Didi Global is preparing to relaunch its ride-hailing and other apps in China by the end of the year in anticipation that Beijing’s investigation into the company will be wrapped…
The International Air Transport Association has said the price of jet fuel has continued to increase in recent weeks, with its price increasing by 70 per cent since the start…
The Nigerian naira has appreciated by 3.6% to N540/$1 at the parallel market — almost four months after the Central Bank of Nigeria (CBN) stopped FX sales to Bureaux De…
The upper legislative chamber also approved grant components of $125 million. The president had requested the facilities in an addendum to the 2018-2020 borrowing plan in September. In July, the…
Rolls-Royce Motor Cars Lagos has announced the debut of the latest brand under its Black Badge model, Ghost, amid enthusiasm in the luxury car market. A statement quoted the company’s…
Africa’s richest man, Aliko Dangote, has significantly moved up in the Bloomberg Billionaires Index as his fortune increased to $19.2 billion from $17.8 billion in August 2021. Dangote, the only…
Procter & Gamble has appointed Mokutima Ajileye as the Managing Director for the Nigeria market. According to a statement by the firm, she is one of the first female P&G…
General Electric Co (GE) has announced the splitting of its conglomerate into three public companies, in an effort to simplify its business and pare down debt. The split marks the…
The Oklahoma Supreme Court on Tuesday overturned a $465 million judgment against Johnson & Johnson in a lawsuit by the state alleging the drugmaker fuelled the opioid epidemic through the…
Shares in Asia-Pacific were mixed on Wednesday as investors reacted to the release of Chinese inflation data for October. Hong Kong’s Hang Seng index gained 0.74% to close at 24,996.14.…
British start-up Zilch is riding the “buy now, pay later” wave to America. The London-based company said Wednesday it has raised $110 million in a fresh round of funding which…
DoorDash announced Tuesday it’s acquiring Wolt, a food delivery platform that’s expanded into groceries and retail, in an all-stock transaction valued at $8.1 billion. The move is an effort to…
Twitter Blue subscribers can read articles from publications like the Washington Post, USA Today and Reuters without ads. A portion of the user’s Twitter Blue subscription will go to the…
Facebook for the first time on Tuesday disclosed the prevalence of bullying and harassment on its platform, saying such content was seen between 14 and 15 times per every 10,000…
Cititrust Holdings Plc has announced its strategic decision to divest its 100 per cent holdings in Cititrust Financial Services Plc Nigeria. The company announced this in a statement on Tuesday…
Tesla stock closed down 11.99% on Tuesday, extending losses for a second day, after CEO Elon Musk over the weekend proposed selling 10% of his shares in the electric vehicle…