Real Time Financial News Website
Tesla CEO Elon Musk lauded Chinese automakers Friday, calling them the “most competitive in the world,” during a pre-recorded question-and-answer stream at the World New Energy Vehicle Congress, which is…
Delta State Government yesterday, expressed readiness to partner Manufacturers Association of Nigeria (MAN) to empower youths in the state with entrepreneurship skills.Governor Ifeanyi Okowa said this when he received the…
The naira continued its downward trend after exchanging to the dollar for 570 on Thursday. A week earlier, the naira had traded to the dollar at the rate of 534.…
The W Initiative, a brand dedicated to inspiring, connecting, and empowering women in all categories, has partnered with SME.NG to provide a one-stop-shop solution for women entrepreneurs in Nigeria. As…
Quickteller Paypoint, a service under Interswitch Financial Inclusion Services (IFIS), has continued to live up to its commitment to empowering Nigerians. Recently, the brand visited several locations in Lagos –…
Lafarge Africa Plc has said it recorded a sales revenue of N230.6bn in 2020. This shows 8.3 per cent revenue growth from 2019. The company disclosed this in its 2020…
The Singapore Exchange could receive its first application for a SPAC listing in “the next couple of weeks,” Chief Executive Loh Boon Chye told CNBC in an exclusive interview. SGX…
European markets advanced on Friday, outpacing other major markets as global investors continue to weigh the prospect of slowing economic growth. The pan-European Stoxx 600 added 0.6% in early trade,…
The Central Bank of Nigeria (CBN) has again dispelled speculations that it was planning to convert the foreign exchange (FX) in domiciliary accounts of bank customers into naira. The apex…
The World Bank Group announced on Thursday that it was discontinuing the ‘Doing Business report’ after data regularities were discovered in its Doing Business 2018 and 2020. In an investigation…
The Debt Management Office has disclosed that Nigeria is back in the International Capital Market after about three years with a plan to raise at least $3bn from Eurobond issuance.…
At a period when most Ministries Departments and Agencies(MDAs) are struggling to met their 2021 revenue budget, the Department of Petroleum Resources has set an additional revenue target of N5…
More Chinese consumers are rushing to order Apple’s latest iPhone now than last year, according to a South China Morning Post report published Thursday. More than 2 million pre-orders have…
The Lagos Chamber of Commerce and Industry (LCCI) has advised that the current sharing formula of taxes for states and local government areas be adjusted using the factors of equality,…
The land mines for the markets are becoming more numerous. Seasonal weakness is combining with continuing uncertainty over the impact of the delta variant on consumer behavior, high labor and…
The Debt Management Office (DMO) has disclosed that Nigeria’s public debt, comprising domestic and external obligations of the Federal Government, the 36 State Governments and the Federal Capital Territory (FCT),…
United State Treasury yields rose slightly on Thursday morning, ahead of the release of weekly jobless claims data. The yield on the benchmark 10-year Treasury note rose less than a…
Google Cloud CEO Thomas Kurian is shaking up the unit’s engineering organization in hopes of gaining market share more quickly. Kurian announced a number of changes among its technical leadership…
The Chief Executive Officer of the Guaranty Trust Holding Company Plc, Mr Segun Agbaje, has said that Nigerian lenders likely do not have enough dollars to fund clients interested in…
The National Bureau of Statistics on Wednesday said that the composite food index rose by 20.30 per cent in August compared to 21.03 per cent recorded in July 2021. This…
The Minister of Youth and Sports Development Sunday Dare during the signing of a landmark partnership between Konga and the Ministry aimed at generating creative employment for millions of Nigerian…
The Central Bank of Nigeria announced that InfraCorp Plc, the N15trn Infrastructure Fund which will boost funding for capital projects, will be launched in October. The Central Bank of Nigeria…
About 66 percent of Nigerian firms have reported an increase in phishing attacks since the pandemic started. Sophos, a cybersecurity firm, in its “Phishing Insights 2021,” revealed that phishing attacks…
Investing and savings app Acorns has hired a former Amazon executive and fintech CEO to lead day-to-day operations ahead of the start-up’s debut as a public company, CNBC has learned.…
Naira depreciates as the exchange rate at the parallel market depreciated again to another all-time low on Tuesday to close at N557/$1 compared to N550/$1 recorded in the previous trading…
Goldman Sachs is acquiring digital lender GreenSky for $2.24 billion as the investment bank pushes further into consumer finance. Greensky shares soared higher on Wednesday following a move by Goldman…
Weber (WEBR) – The grill maker’s stock jumped 3.8% in the premarket, following its first quarterly report since going public in August. Weber’s sales rose 19% from a year earlier,…
The Singapore-based Carousell said it is now valued at $1.1 billion — which makes it Southeast Asia’s latest unicorn, a start-up worth more than a billion dollars.
Despite the bountiful profits reported by deposit money banks in the country in their Q2 reports, it has emerged that double-digit inflation rate, among other factors, drove a total of…
Austrian Technologies Nigeria, a natural gas-powered vehicle manufacturer, has disclosed details of its full range of ECO-Green buses, some of which the company says are already in Nigeria. The vehicle…