Real Time Financial News Website
Company payouts to shareholders are projected to hit $1.39 trillion in 2021, just 3% below their pre-pandemic peak, according to a new report from British asset manager Janus Henderson. Dividend…
The banking world has gone through exciting transitions—from the days of taking tallies and manual filings to modest computerizations, automation, and now, fully digital banking services on miniature devices such…
After dominating the electric vehicle market and throwing his hat into the billionaire space race, Tesla boss Elon Musk announced the latest frontier he’s aiming to conquer: humanoid robots. The…
Unbundling financial data through APIs and driving data-driven insights with value-add products in Africa keeps getting more exciting as major players continue to raise more money for scale. Less than…
Nigeria’s external reserves could be heading toward the mid-July trough as it fail to sustain the momentum it started four weeks ago. The figures have been on a downtrend since…
The Federal Government also reiterated its resolve to put an end to insecurity which has significantly dampened both foreign and local investors’ interest in Nigeria. Addressing participants at the just-concluded…
The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. In fact, it might be the second-best thing after fintech at the…
The Petroleum Products Pricing Regulatory Agency on Sunday said the Petroleum Industry Act had signaled the full deregulation of the downstream oil sector. It was, however, quick to state that…
U.S. Treasury yields rose on Monday morning, with investors focusing on the Federal Reserve’s annual central banking event, due to be held later in the week. The yield on the…
International Finance Corporation is providing financing to support the construction of new medical diagnostic facilities in Ghana’s capital, Accra. A partnership between IFC and South African radiology specialist Bergman, Ross…
The Director-General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has expressed the need for the capital market to be strengthened to accelerate domestic production and employment given…
Participants at the just-concluded 2021 National workshop of the Chartered Institute of Stockbrokers (CIS) have underscored the need to develop and revive the primary market segment to stimulate initial public…
Shareholders of quoted companies in the country have disagreed with Securities and Exchange Commission (SEC) on the use of the reported N170billion unclaimed dividend in the Nigerian capital market. They…
PayPal is launching its cryptocurrency service in the U.K. The U.S. online payments giant said Monday it would let British customers buy, hold and sell digital currencies, starting this week.…
Oasis Capital Ghana, which invests in small and medium enterprises across Ghana and Cote d’Ivoire via Oasis Africa VC Fund, has struck its third deal in as many months. The…
The pan-European Stoxx 600 added 0.7% in early trade, with autos climbing 1.5% to lead gains as all sectors and major bourses entered positive territory. Shares in Asia-Pacific also advanced…
The financial services industry dominated, in volume terms, last week’s transactions at the equities sector of the Nigerian Exchange Limited (NGX), leading the activity chart with 445.3 million shares valued…
Wild swings in cryptocurrencies will eventually drive bitcoin investors to return to gold, says the executive chairman of gold mining firm Evolution Mining. Jake Klein said bitcoin still has a…
Despite opportunities the telecommunications revolutions have offered the country this 20 years, especially with 297 million telephone lines connected, insecurity and low financial inclusion remain key challenges yet to be…
The number of companies across the different sectors of the Nigerian economy adopting emerging technologies like the internet of things (IoT) has grown in recent times, according to expert view.…
The House of Representatives yesterday expressed displeasure over the way some Ministries, Departments and Agencies (MDAs) conceal their revenues, thereby denying the federal government the much-needed fund to fund its…
Facebook on Thursday launched a test of a new virtual-reality remote work app where users of the company’s Oculus Quest 2 headsets could hold meetings as avatar versions of themselves.…
Travel stocks have taken a hit this week as fears over the delta variant grow. As of Thursday’s close, hotel stocks such as Hyatt, Hilton, Marriott and InterContinental were on…
Hong Kong’s exchange was cleared to start offering long awaited A share index futures contracts, giving global investors a new tool to hedge China risk. Hong Kong Exchanges & Clearing…
Nigerian President Muhammadu Buhari signed into law long-awaited legislation to overhaul the oil and gas industry in Africa’s biggest crude producer. Buhari assented to the so-called Petroleum Industry Bill on…
Malaysia’s King Al-Sultan Abdullah has named Ismail Sabri Yaakob as the new prime minister, the palace said in a Friday statement. Ismail will be Malaysia’s third prime minister in three…
The Lagos Chamber of Commerce and Industry has urged the Federal Government to create more understanding about the three per cent revenue allocation to host communities in the Petroleum Industry…
Chinese authorities called for indebted property giant Evergrande to resolve its debt risks during a rare meeting with executives Thursday. Shares of Hong Kong-listed China Evergrande Group have tumbled more…
Experts in the financial inclusion ecosystem have highlighted the importance of financial and regulatory stability among financial regulators, FinTech developers and the grassroots beneficiaries, in order to achieve seamless operations…
India’s ride-hailing firm Ola has plans to go public next year — but, a final date for the initial public offering has yet to be decided, chairman and group CEO…