Real Time Financial News Website
The equities market resumed trading for the month of November on a downturn note yesterday, as market capitalisation declined by N32 billion, following profit taking by investors. Market activities were…
Transnational Corporation of Nigeria Plc has said its profit before tax rose by 671 per cent in the third quarter ended September 30, 2021. The firm disclosed this in its…
Tesla CEO Elon Musk said on Monday night that his electric vehicle company has yet to sign a contract with rental car company Hertz. The tweet from Musk seemingly contradicted…
TikTok owner ByteDance’s finance chief will step down to focus on his role as CEO of the short video app, according to an internal memo obtained by CNBC. Shou Zi…
Roblox restored its services Sunday following a major outage that lasted for three days. Roblox, an online platform which lets users play and create games, began experiencing issues at around…
The Central Bank of Nigeria has commenced the 100 for 100 Policy on Production and Productivity with the unveiling of an operational framework to guide interested companies in participating in…
Malaysia stocks fell on Monday as the government announced a one-off “windfall” tax on companies to raise revenue for the coming year. The benchmark FTSE Bursa Malaysia KLCI index fell…
A federal high court in Lagos has ordered the interim forfeiture of houses and cars linked to Obinwanne Okeke, Invictus Group CEO, who is popularly known as Invictus Obi. In…
Xpeng said it delivered more than 10,000 cars in October, sending its Hong Kong shares higher on Monday The electric vehicle maker delivered 10,138 cars last month, down from 10,412…
The Board of Directors of the African Development Bank has approved an equity investment of $10 million in the ARCH Cold Chain Solutions East Africa Fund (CCSEAF) to support the…
China has applied to join the Digital Economy Partnership Agreement (DEPA) on Monday, the commerce ministry said. China said the agreement will help China’s cooperation with member countries in the…
Sega Sammy Holdings on Monday said it is exploring a strategic alliance with Microsoft to develop big budget titles using the Xbox maker’s cloud gaming tech, driving anticipation the move…
Standard Bank Group, Citi, CDC Group Plc and Norfund have teamed up to provide a $75 million equivalent Kenyan shilling-denominated sustainable finance facility for Greenlight Planet Kenya, an off-grid solar…
Autochek, the automotive technology company facilitating auto financing across Africa, has today secured $13.1mn in seed funding. Co-led by follow-on investors, TLcom Capital and 4DX Ventures, the round also included…
Yield Uganda Investment Fund, an agribusiness impact vehicle managed by Pearl Capital Partners, has struck its third deal in as many months by investing UGX6.79 billion ($1.8 million) in Sekajja…
Following worries over the hike in the price of cooking gas, the Nigeria LNG has explained that the price of the domestic fuel is indexed to the international pricing model.…
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Muhammadu Buhari “over his failure to probe allegations that over ₦880billion of public funds are missing from…
The federal government has again extended the ongoing national identification number (NIN) and subscriber identity module (SIM) integration exercise till December 31, 2021. The deadline was shifted from the previous…
Johnson & Johnson said it has settled most of the lawsuits it faced by thousands of men who claimed its anti-psychotic drug Risperdal caused them to develop excessive breast tissue…
Saudi Arabia’s oil giant Aramco has posted a 158% increase in third quarter net income to $30.4 billion, as the world’s largest oil companies continue to benefit from the reopening…
American Airlines said on Saturday it has canceled more than 1,400 flights over the weekend due to staff shortages and unfavorable weather. The U.S. airline said it canceled 551 flights…
African mid-market private equity firm EXEO Capital has struck its second deal this year and the third over the last 12 months by investing in The Fairview Cheese Company. EXEO…
Zenith Bank Plc has reported a one per cent increase in its profit before tax to N180bn in the nine months ended September 30 2021, from N177bn it recorded in…
The Deposit Money Banks are recovering debts owed by chronic debtors from their accounts in other banks to curb the growth of non-performing loans in the industry, findings have revealed.…
Antiguan authorities have confirmed that the Nigerian couples who are wanted for a multibillion Naira investment scam are citizens of the country. “Both Bamise Ajetunmobi and Elizabeth Ajetunmobi were granted…
Net foreign exchange (FX) flow through the Nigerian economy increased to US$3.08 billion in July 2021 from US$2.38 billion in June 2021, according to the Central Bank of Nigeria (CBN).…
Facebook has changed its name to Meta as part of a major rebrand. The company, which announced the change at its annual developer conference, said it would better “encompass” what…
Meta Materials spiked late on Thursday, for the same reason that Zoom Technologies rallied in 2019 and Signal Advance surged in January: It’s all about the name. Facebook co-founder Mark…
The Federal Government, on Thursday, launched the made-in-Nigeria barite, saying it would save the country the foreign exchange spent on the importation of the product. Barite is used as a…
The pump price of Automotive Gas Oil, also known as diesel, may rise further as the Major Oil Marketers Association of Nigeria says its landing cost has increased to N336.45…