Real Time Financial News Website
A report by the Association of Nigerian Electricity Distributors has shown that the Distribution Companies (DisCos) in Nigeria recorded 8% growth in their revenue collection in 2019. The eleven DisCos…
The 10-year Treasury yield dropped to another record low on Monday below 1.04% as the historic decline in yields continued amid the coronavirus outbreak and Wall Street calls for Federal…
Olam Nigeria’s Vice President in charge of Farming Initiatives, Reji George, has disclosed that preliminary results from its pilots farming project point to a bountiful harvest, just as he revealed…
Lafarge Africa Plc has rewarded its customers during its Customer Award event held in Lagos. The event was an opportunity for the company to reward its high performing customers in…
Electricity distribution companies, under the aegis of Association of National Electricity Distributors, has said they had not received any subsidy from the Federal Government since the privatisation of the power…
FOREIGN Portfolio Investors (FPIs) injected $1.7 billion into the Investors and Exporters (I&E) window in January 2020 raising hope of sufficient dollar inflow and stability in the foreign exchange market.…
Car subscriptions: they’re totally a thing! The latest automaker to test the waters on subscriptions is Nissan, which just launched a new, two-tier service in Houston, Texas. It’s called “Nissan…
Popular soft drinks manufacturers, Messrs 7-Up Bottling Company, makers of Pepsi, and Rites Foods Limited, makers of Bigi drinks were recently invited by the Nigerian Senate to resolve the issue…
THE Infrastructure Concession Regulatory Commission has commended the management of SIFAX Group for its level of compliance with the terms of agreement stated in the concession signed with the Federal…
Elon Musk isn’t impressed with fellow billionaire entrepreneur Bill Gates. After Gates said he bought himself an all-electric Porsche Taycan, Tesla’s CEO took to Twitter to throw shade at the…
HSBC on Tuesday reported pre-tax profit that missed analysts’ expectations after the bank took a goodwill impairment relating to its European investment banking and commercial banking businesses. The bank, Europe’s…
About one billion barrels of crude oil has been discovered in the North-Eastern part of Nigeria, the Minister of State for Petroleum Resources, Timipre Sylva disclosed. Sylva said that more…
Gas producers, Shell and the Nigerian National Petroleum Corporation (NNPC) have lamented over the poor electricity supply in Nigeria despite the abundant energy resources the country has. According to the…
The quality of locally-produced rice in Nigeria has recorded significant improvement in recent weeks, as the latest Nairametrics Household Survey revealed that more brands of local rice continued to flood…
NIGERIA Customs Service, NCS, is set to take delivery of three scanners by end of the second quarter 2020, Vanguard Maritime Report can authoritatively report. But some stakeholders are doubting…
West African powerhouse Nigeria on Monday called for a delay to the launch of a region-wide currency tentatively scheduled to come into effect this year. “Nigeria’s position on the Eco…
Tesla’s Shanghai Gigafactory is expected to reopen Monday following a closure related to the coronavirus outbreak, and will receive government assistance to do so, Reuters reported. Shares of the Elon…
Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and its President, Akinwumi Adesina, on their commitment to African entrepreneurship, with the disbursement of $2.5 million seed capital…
The tenuous relationship between the United States and the Chinese telecommunication giant, Huawei is about to take a new turn. The country has been told to buy controlling stakes in…
The Dangote Tomato Processing Company, Kadawa, says it has recruited no fewer than 100 skilled and casual workers ahead of its production resumption. The company also announced that it would…
The Nigerian mutual fund industry has come a long way. From one fund with less than N20 million in 1991 to over 100 funds spanning about 6 categories and over…
Policemen and Nigeria Air Force personnel were on Tuesday drafted to the Murtala Muhammed International Airport ( MMIA ) Access Toll Gate to avert crisis following a tussle for control…
HONEYWELL Flour Mills Plc has announced N58.2 billion revenue for the nine-month period ended December 31, 2019, representing six percent increase when compared to N55 billion revenue posted in the…
The number one thing most people point at as a stumbling block to starting a business is always money. In fact, I’ve had people with such notion interrupt me whenever…
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors…
Hong Kong stocks recorded their worst day in more than five months after renewed concerns about how the city is handling ongoing protests, and as a new virus spreads throughout…
UBS Group AG has cut its mid-term guidance after missing its key targets for 2019. The results come as the Swiss bank UBS, -0.45% UBSG, -4.92% , one of the…
Budget airline easyJet PLC on Tuesday said revenue per seat for the first quarter of fiscal 2020 rose, and that capacity growth in the first half would be slower than…
The employment rate in the UK hit a new record high at the end of last year despite the political turmoil over Brexit, official figures show. The official employment rate…
Hugo Boss AG said Tuesday that sales and operating profit rose in the fourth quarter, buoyed by growing momentum in Europe. The fashion retailer BOSS, +5.75% posted quarterly sales of…