Real Time Financial News Website
Nigerian-born London property expert and acquisition agent, Yemi Edun, also the founder and CEO of Daniel Ford & Co and Daniel Ford International has been selected to be on the…
The market capitalisation of equities in the Nigerian Exchange Limited rose by N41.06bn on Thursday as investors’ trading volume jumped by 94.79 per cent. The NGX All-Share index appreciated by…
The Federal Government has reviewed upwards the independent revenue projection for Ministries, Departments and Agencies in the 2022 fiscal period by N754.31bn. The N754.31bn indicates an increase of 71.09 per…
Flutterwave Inc., a Nigerian payments firm, is seeking fresh funding at a valuation of $3 billion or more, a figure that would roughly triple its last valuation, according to people…
The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday. At the Investor & Exporter foreign exchange window, the local…
U.S. homebuyers apparently aren’t all that interested in paying their mortgages in cryptocurrencies like bitcoin. United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition…
Facebook on Thursday announced a research project in which it collected 2,200 hours of first-person footage from around the world to train next-generation artificial intelligence models. The project is called…
Nigeria saw its crude oil production increase slightly last month to about 1.25 million barrels per day, which is 360,000 bpd lower than the quota given to it by the…
The Federal Government says its target is to add at least $150 billion to the nation’s foreign reserves cumulatively from non-oil exports over the next 10 years. The government also…
Australian shares snapped three straight sessions of losses on Thursday, helped by tech stocks and a near 5% jump by South32 after it forayed into copper just as demand is…
Muhammad Nami, executive chairman of the Federal Inland Revenue Services (FIRS), says the agency generated revenues worth N4.2 trillion in the first nine months of this year. The senate had…
SumUp, a U.K.-based payment processor, has acquired marketing start-up Fivestars in a bid to expand its reach across the U.S. and take on giants like PayPal and Square. The company…
As Nigeria’s refineries continue to sit idle, fuel imports remain a major user of foreign exchange as $690.19m (about N285.95bn, using N414.3/$, I&E rate as of Tuesday) was utilised in…
The International Monetary Fund (IMF) has increased Nigeria’s growth prospect to 2.6 per cent and 2.7 per cent for 2021 and 2022, respectively, despite reducing the rate of global growth…
The United Nations (UN) has promised that it is committed to supporting Nigeria’s industrialisation bid as the country progresses towards achieving sustainable development goals (SDG). Deputy Secretary General of the…
Out of the more than 206 000 mobile malware attacks blocked by Kaspersky solutions for the Middle East, Turkey and Africa (META) region in just six months measured between January…
South Africa telecom provider, Telkom said Netflix will no longer be available on the South African phone and internet company’s set-top box from October. According to Content Executive Wanda Mkhize,…
The President of the World Bank Group, David Malpass, has called against fossil fuel subsidies, adding that subsidised fossil fuels encourage the overuse of fuels. He said this at the…
The U.S. is now the number one destination for bitcoin miners, eclipsing China for the first time ever. While it was already trending in that direction, new data from Cambridge…
The Central Bank of Nigeria has said in its revised regulatory framework for Bank Verification Number operations that violators will be sanctioned. It said this in a circular to all…
The equities market of the Nigerian Exchange Limited upturned the previous day’s loss with a N95.34bn gain on Tuesday following renewed buying interest in 27 stocks. The NGX All-Share Index…
The pan-European Stoxx 600 hovered around the flatline in early trade, with travel and leisure stocks shedding 1.1% while basic resources gained 1.4%. Shares in Asia-Pacific were mostly higher on…
China’s electric car companies are racing to ramp up production, faster than Tesla did in its early days. U.S.-listed start-up Xpeng said Monday it has produced 100,000 cars — it…
Nigeria has been rated sixth among the top 10 countries with the highest exposure to funds and support from the International Finance Corporation, which is a member of the World…
The Nigerian Communications Commission (NCC) has inaugurated an incidence response facility, aimed at addressing incidences of cybercrime, protecting telecoms infrastructure and encouraging increased participation in nation’s digital economy. The NCC…
Private equity firm Adiwale Partners has made a final close of its first fund, nearly two years after making a first close and four months after striking the maiden deal…
Citi has launched its latest Global Perspectives & Solutions (Citi GPS) report, entitled: ‘’Holistic Digital Policy – Nation States Must Lead in Building Equitable Human-Centric Digital Economies.’’ The report sets…
Africa50, a pan-African investment platform, has launched $500 million Infrastructure Acceleration Fund to bridge the continent’s infrastructure gap. Africa50’s investor base composed of 28 African countries, the African Development Bank(AfDB),…
Cape Town-based Stone Three, an industrial internet of things (IoT) firm, has secured funding from venture capital firm Knife Capital to enhance its enterprise product offerings. Stone Three, which develops…
AfricInvest, a leading Pan-African asset management company has announced the acquisition of a minority stake in Royal Exchange General Insurance Company (REGIC). The investment was made through its private equity…