Real Time Financial News Website
U.S. Treasury Secretary Janet Yellen recently highlighted growing worries about China’s excessive manufacturing capacity, emphasizing the issue during economic discussions with Chinese officials. Yellen expressed concerns that China’s large-scale manufacturing…
Last month, German software developer Andres Freund, employed by Microsoft, made a startling discovery during performance tests. He found that the latest version of the open source program XZ Utils…
In a significant move to expand its portfolio of medical devices for heart disease treatment, Johnson & Johnson (J&J) has agreed to acquire Shockwave Medical for $12.5 billion. This deal,…
Indonesia is reviewing regulations aimed at limiting imports of over 3,000 products, according to a senior trade ministry official. The move comes after industry concerns that the rules could disrupt…
Foxconn, the world’s largest contract electronics manufacturer and key assembler of Apple’s iPhone, anticipates a rise in second-quarter revenue following a quarter that fell short of market expectations. The first…
Starting April 30, 2024, Canada’s immigration department, IRCC, will increase fees for permanent residency applications. The fee, currently at $515, will rise to $575, marking a 12 percent increase. This…
United Capital Plc, a prominent financial and investment services company in Nigeria, has experienced a remarkable surge in revenue, reaching its highest level in at least eight years, as per…
Motorists in certain parts of Lagos encountered renewed queues at petrol stations on Thursday, attributed to challenges faced by the Nigerian National Petroleum Company Ltd (NNPC) in fulfilling national petrol…
In 2023, imports of raw materials into Nigeria witnessed a substantial increase of 25%, totaling N3 trillion, as per data from the National Bureau of Statistics’ Foreign Trade Statistics. Major…
Stock investors faced losses totaling N252 billion as the Nigerian Exchange sustained a bearish trend on Thursday, continuing a decline that began after the Easter holidays. The market witnessed a…
Dr. Tunji Olowolafe, the Chancellor of Ekiti State University, has announced the establishment of a N1 billion Innovation Fund aimed at supporting agro-tech enterprises founded by the university’s students and…
The Federal Government has announced intentions to launch domestic bonds denominated in foreign currency in the second quarter of this year, specifically in June. The Minister of Finance and Coordinating…
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, introduced an upgraded version of its mobile app tailored specifically for businesses. During the event held in Lagos, the Head of…
The Christian Aid UK Nigerian Programme has disclosed that less than 30% of taxable citizens in Nigeria contribute to tax revenue. This revelation was made during a media engagement event…
ThinkBusiness Africa, an economic analysis and policy advocacy group, has raised concerns regarding the assertions made by the Corporate Accountability and Public Participation Africa (CAPPA) report on the impact of…
The Ariens Company, famous for its bright orange snow blowers and lawnmowers, had a tough time last summer when sales dropped. This caused Dan Ariens, the company’s leader, to make…
The United States hasn’t told India to stop buying oil from Russia. Instead, they want to make sure the global oil supply stays stable while cutting off money for Russia.…
The International Organization of Securities Commissions (IOSCO) suggested new guidelines on Thursday to help regulators keep a closer eye on stock exchanges and their changing business practices. Over the last…
A group of Japanese companies have agreed to increase wages by 5.24% this year, according to Rengo, the country’s largest union group. This is the third announcement regarding the annual…
The Nigeria Customs Service (NCS) has announced a significant increase in its revenue for the first quarter of 2024 compared to the same period last year. Revealing a remarkable 122.35%…
A new report by the International Air Transport Association (IATA) has revealed that African airlines experienced a remarkable 22% year-on-year increase in demand for air cargo in February. This growth…
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has implemented a new selection process for beneficiaries of its N5 billion credit facility aimed at supporting small businesses in…
According to the latest Purchasing Managers’ Index (PMI) published by Stanbic IBTC, business activities in Nigeria stayed unchanged in March, holding steady at 51 points, the same level as February.…
Transnational Corporation Plc (Transcorp) witnessed a substantial increase in its profit before tax, soaring by 93.5% to N58.8 billion in 2023 compared to N30.4 billion in the previous year. The…
Several communities in Abuja, Lagos, and Nasarawa are currently experiencing power outages as a result of technical glitches affecting transmission stations. The Ikeja Electricity Distribution Company (DisCo) stated that the…
The Nigeria Customs Service (NCS) is grappling with significant challenges due to instability in customs duty rates caused by fluctuations in foreign exchange rates. Over the past three months, the…
There are signs that Nigeria’s reliance on imported petrol will decrease significantly as the $20 billion Dangote Refinery plans to commence supplying petrol to the domestic market starting from May…
The Nigerian Electricity Regulatory Commission (NERC) has revealed that a total of 1,974,385 electricity consumers will be affected by its recent tariff hike. The decision to increase tariffs aims to…
Dangote Sugar Refinery PLC (DSR) has introduced Series 2 and 3 Commercial Paper offers totaling up to N50 billion under its N150 billion Commercial Paper Issuance Programme. The offer is…
The Nigerian Exchange (NGX) All-Share Index began the week’s trading on a downward note, shedding 4 basis points to close at 104,518.14 points, compared to the previous session’s 104,562.06 points.…