Real Time Financial News Website
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said the Federal Government raised about N669billion from the Nigerian capital market through issuance of sukuk bonds. Ahmed disclosed…
The Securities and Exchange Commission (SEC) has announced plans to partner with the National Insurance Commission (NAICOM) to de-risk certain commodity assets and attract more investors into the space. Besides,…
Equity investors in the Nigerian Exchange Limited gained N64.93bn on Thursday as the NGX All-Share Index rose by 0.32 per cent to 39,670.29 basis points, its highest since April 26,…
From used cars to gas to groceries, inflation continues raise the price of goods in the U.S. The consumer price index — which measures how much consumers pay for an…
The U.S. Department of Education announced Thursday it will cancel $5.8 billion in student debt for more than 320,000 borrowers. The debt forgiveness, which will go to borrowers with a…
First came the IPO. Now, data supplier Sportradar has extended a critical partnership to keep pace in the sports betting world. Sportradar and betting company FanDuel agreed to new terms…
Oil dropped for a sixth-straight session on Thursday, falling to the lowest level since May as demand fears and comments from the Federal Reserve that it will suspend its bond-buying…
Maersk said it has secured a supply of “green” e-methanol for what it described as “the world’s first container vessel operating on carbon neutral fuel.” In an announcement Thursday, the…
First-time filings for unemployment insurance hit a new pandemic-era low last week, a sign that the jobs market is improving heading into the fall. Jobless claims for the week ended…
Stock futures were sharply lower on Thursday as concern grew that the Federal Reserve’s move to remove stimulus this year would slow an economy already taking hits from the lingering…
The Chinese firm behind the purchase of Britain’s largest chip manufacturing facility earlier this summer has admitted that the acquisition could be unwound as the U.K. government reviews the takeover.…
U.S. Treasury yields fell on Thursday morning, despite the Federal Reserve’s latest policy meeting minutes showing that the central bank was preparing to taper bond purchases this year. The yield…
Soaring electricity demand, infrastructure woes and a surge in global gas prices have triggered an extraordinary rally for the world’s least liked commodity. Australian thermal coal at Newcastle Port, the…
Asian stocks fell to the lowest this year, crude oil sank and the dollar rallied on a weakening global growth outlook and the prospect of reduced Federal Reserve stimulus. MSCI…
The Lagos state government in Nigeria has banned street begging and has formed a special team to stop the “menace”, local media report. The team is expected to begin operations…
Facebook is prepared to launch the Novi digital wallet tied to Diem blockchain-based payment system, said the head of the social media giant’s payments project that’s seeking necessary regulatory clearances.…
John Stoltzfus encouraged investors to remain optimistic despite this week’s wild market swings. The Wall Street bull, who serves as Oppenheimer Asset Management’s chief investment strategist, said he doubts that…
U.S. Surgeon General Dr. Vivek Murthy told CNBC that the Biden administration is recommending Covid booster shots for most vaccinated Americans beginning on Sept. 20 in order to stay ahead…
American investors’ shock at an ongoing regulatory crackdown in China points to a fundamental difference between the two countries that many didn’t seem to grasp: When it comes to making…
A Federal High Court sitting in Abuja has granted the Central Bank of Nigeria an order to freeze the accounts of Nigerian investment-tech companies Bamboo, Rise, Chaka, and Trove. The…
The Central Bank of Nigeria (CBN) has disclosed that it is working with the Nigeria Police Force (NPF), Federal Inland Revenue Service (FIRS), Economic and Financial Crimes Commission (EFCC), and…
The Central Bank of Nigeria (CBN) yesterday moved to strengthen cyber resilience of Other Financial Institutions (OFIs) under its regulation in order to ensure that they remain safe and sound…
Economic experts have expressed concerns over the reported decline in the country’s inflation rate to 17.38 per cent in July. The National Bureau of Statistics, in its Consumer Price Index…
TY Holdings Limited yesterday announced to investing public that it has acquired 72 per cent stake in BOC Gases Nigeria Plc. The Company Secretary, BOC Gases Nigeria, Mrs. Ronke Segun-Alabi,…
The equities market on the Nigerian Exchange Limited rebounded from the loss recorded on Monday with investors gaining N23.04bn as the market capitalisation hit N20.61tn. The NGX All-Share Index rose…
The dollar held near a 4-1/2 month high versus a basket of major currencies on Wednesday as simmering concerns about the global economy forced investors to seek safety in the…
Borrowers backed away from the mortgage market last week, as higher interest rates chilled a recent revival in refinances. The average contract interest rate for 30-year fixed-rate mortgages with conforming…
Getting gig economy workers to send their paychecks directly to a PayPal or Venmo wallet is one of the goals of a new partnership between PayPal and Fiserv announced Wednesday.…
Chinese electric carmaker Xpeng is doubling the production capacity at one of its key plants as competition heats up. Xpeng said it will increase the planned production capacity of its…
Tesla’s recent declines are taking the stock to treacherous territory, one trader warns. Shares of the electric vehicle manufacturer fell nearly 3% to $665.71 on Tuesday after the National Highway…