Real Time Financial News Website
Nigerian operators are seeking more participation in the global luxury travel market estimated to grow by $1,232.77 trillion between 2021 and 2025 as increasing demand for private travel/seats sharing is…
As the naira crisis continues to worsen, foreign carriers operating in Nigeria have begun moves to reduce the total number of tickets they sell on Nigerian routes amid worsening dollar…
Crude oil prices settled higher on the back of tightened supply balances and a weak United States employment report that may present headwinds to an increasingly hawkish US Federal Reserve.…
Investors in the Nigerian equities market earned N340.29bn as trading ended on the floor of the Nigerian Exchange Limited on Friday. The NGX All-Share index and market capitalisation appreciated by…
Meituan shares surged over 9% on Monday, leading China technology stocks higher, after the food delivery giant was slapped with a fine as a result of an antitrust probe. On…
The Securities and Exchange Commission (SEC) has granted MTN Nigeria Communications approval to launch its series II 10-year Fixed Rate Bond (Series II Bond), MTN’s Company Secretary, Mrs Uto Ukpanah,…
An alleged scheme to defraud the NBA health plan of millions of dollars has led to the arrest and indictment of nearly 20 former NBA players. Jonathan Dienst of NBC…
The Federal Government has allocated the sum of N5.93tn to critical sectors of the economy including defence, health, education and infrastructure. According to the Minister of Finance, Budget and National…
Apple will build a new regional headquarters at the border of Culver City and Los Angeles, the company said on Friday, signaling the company’s continued investment into becoming a major…
West Texas Intermediate crude futures, the U.S. oil benchmark, crossed $80 per barrel on Friday for the first time since November 2014 as demand rebounds while supply remains tight. The…
Chief executive Elon Musk announced the move at the electric carmaker’s annual shareholders’ meeting in Austin. Mr Musk had fallen out with local politicians in Alameda county, California, the location…
The exchange rate between the naira and the US dollar closed at N414.67/$1, at the Investors and Exporters window, where forex is traded officially. Naira appreciated marginally against the US…
The Nigerian financial technology providers, fintechs, have attracted at least $1 billion (about N410.82 billion) investments in six years. This figure was disclosed at the 31st Seminar for Finance Correspondents…
Co-Impact has reiterated its commitment to raising and deploying $1 billion, through its Gender Fund, to initiatives working to advance gender equality and promote women’s leadership across the global south.…
Samsung Electronics shares failed to hold onto earlier gains on Friday after the company said its operating profit for the quarter that ended in September was likely 28% higher than…
The Nigerian government had on June 4 ordered the suspension of Twitter. Recently, the President, Major-General Muhammadu Buhari (retd.) said, “Social media is a very useful platform that has enabled…
President Muhammadu has justified his quest for more financial borrowings, saying that the debt of the federal government was within sustainable limits. He said that the borrowings are tied to…
China’s foreign exchange reserves fell almost 1% in September from the previous month, official data showed on Thursday, hitting their lowest level since April as the dollar gained ground against…
British online grocer Ocado is investing 10 million pounds ($13.6 million) in self-driving technology startup Wayve and a partnership to develop autonomous grocery deliveries that can handle tough traffic on…
National Pension Commission (PenCom) says the nation’s total pension assets have risen to over N13 trillion. Director-general of the pension commission, Aisha Dahir-Umar, made the disclosure yesterday at the opening…
Airfare hikes by international airlines operating flights into Nigeria and other countries may be imminent as airport and air navigation services providers in the United Kingdom, South Africa, European Union,…
Twitter on Wednesday announced the sale of its MoPub mobile advertising network to AppLovin, a game developer and ad-tech company, for $1.05 billion in cash. Twitter said it’s selling MoPub…
Bitcoin just made a major comeback. The cryptocurrency rallied on Wednesday, topping $55,000 and hitting its highest level since mid-May. Regulatory fears have eased this week after both Treasury Secretary…
The value of e-payment transactions in Nigeria rose by 6.37 per cent to N24.08tn in September. This was according to the data released by the Nigeria Inter-Bank Settlement System. In…
The World Bank has said Nigeria’s economy is projected to grow by2.4 per cent in 2021. This is an increase in the bank’s earlier growth projection of 1.8 per cent…
Fuel marketers have increased the price of Automotive Gas Oil, also known as diesel, to N320 per litre as the further rise in global oil prices and naira depreciation pushed…
Banks have started to onboard the e-Naira feature on their applications. In its latest update, the Guaranty Trust World app has integrated a e-Naira feature. However, when opened, the bank…
Amazon has been awarded a record amount of tax exemptions, grants and other incentives this year from local government across the US. State officials have given Amazon an estimated $650…
The Petroleum Products Pricing Regulatory Agency (PPPRA) report on Petroleum Products Supply in August yesterday indicated that the consumption of the Premium Motor Spirit (PMS) dipped by 132,301,071 litres in…
Nigerian President Muhammadu Buhari has written to lawmakers seeking a 17.67 percent increase of the Federal Government’s projected expenditure in 2022 to N16.45 trillion from N13.98 trillion. The projected increase…