Real Time Financial News Website
Binance, a major crypto exchange, announced the discontinuation of its services supporting the Nigerian naira (NGN) on its platform, effective from Tuesday. The decision comes amidst accusations of manipulating the…
Tesla’s European Gigafactory near Berlin has ceased operations until further notice following what CEO Elon Musk described as an “extremely dumb” suspected arson attack nearby, leaving the facility without power…
The Ghanaian government stands to lose $3.8 billion in World Bank funding due to the recent passage of an Anti-LGBTQ bill by parliament. The finance ministry has urged President Nana…
Murtala Ibrahim Gusau, an Abuja-based businessman, responded to the invasion of his warehouse by suspected hoodlums in the Karmo area of Abuja. The incident, which occurred around 9 am, saw…
During the 2023 Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria in Abuja, Ola Olukoyede, Chairman of the EFCC, disclosed that approximately…
The Nigerian Navy announced the arrest of a Ghanaian vessel, Motor Tanker SWEET MIRI, along with its 13-member crew, suspected of crude oil theft under Operation Delta Sanity. The crew…
The House of Representatives demanded the arrest of top executives of Binance Holdings Limited, a cryptocurrency exchange platform, over allegations of fraud, terrorism financing, money laundering, and tax evasion. Binance…
Aliko Dangote, the wealthiest black man globally, announced the renaming of the road leading to the Dangote Oil Refinery in Lagos State after the late former CEO of Access Holdings,…
Inspector-General of Police, Kayode Egbetokun, has prohibited the use of Point-of-Sales (POS) and other electronic mobile money transaction devices within police stations nationwide. The ban comes in response to public…
The International Monetary Fund (IMF) has called on the Nigerian government to take immediate action to combat widespread hunger while acknowledging the country’s challenging economic outlook. Following its 2024 Article…
Nigeria, Africa’s largest crude oil producer, confronts challenges in its oil production amid OPEC and its allies’ decision to extend output cuts for three months. The move, aimed at stabilizing…
The Eko Hotel in Lagos witnessed an evening filled with deep emotions as political and business leaders, friends, family, and associates gathered to bid their final farewells to the late…
yThe exchange rate between the naira and the dollar continued its upward trend for the third consecutive day, closing at N1,534.9/$1 on the official market. This marks the strongest level…
Fintech company Brass has revealed plans to temporarily disengage an unspecified number of its staff, citing current economic challenges as the reason. CEO Sola Akindolu announced the decision on Monday,…
The Federal Government plans to release approximately 58,500 metric tonnes of milled rice to the market as a measure to stabilize prices. Agriculture Minister Sen. Abubakar Kyari revealed this initiative,…
The UK government has committed £37.3 million to support the Mobile for Development Program, benefiting Nigeria and other developing countries. Development Minister Andrew Mitchell announced the funding at the 2024…
Transcorp Power Plc made its debut on the Nigerian Exchange on Monday, March 4th, experiencing a remarkable 10% increase and closing at a share price of N264 per share. This…
The China Civil Engineering Construction Corporation Ltd (CCECC) has recommenced work on section 4 of the Enugu-Port Harcourt dual carriageway following the Federal Government’s withdrawal of a previous termination notice.…
Chinese Premier Li Qiang unveiled an ambitious economic growth target of around 5% for 2024 during his maiden work report at the annual meeting of the National People’s Congress. He…
Foxtons (FOXT.L) anticipates resilience in its lettings business following a marginal rise in annual profit, buoyed by the strength of its rental segment amidst subdued property sales activity. The surge…
Atlanta Fed President Raphael Bostic emphasized that the U.S. Federal Reserve faces no immediate need to reduce interest rates, citing a “prospering” economy and job market. While Bostic acknowledged the…
In a positive turn, South African private sector activity expanded in February for the first time in six months, fueled by increased staffing and purchasing levels amidst stronger confidence, according…
Most Asian stocks experienced declines on Tuesday, with Hong Kong leading the downturn, as the commencement of China’s week-long annual session of parliament failed to impress investors with substantial stimulus…
Four former top Twitter executives, including former CEO Parag Agrawal, have collectively sued Elon Musk for over $128 million in unpaid severance, as revealed in a lawsuit filed in federal…
France’s Thales announced a robust performance for 2023, with an 11% underlying increase in operating profit and 8% higher sales, driven by a resurgence in the civil aerospace market. Despite…
European and U.S. buyers are poised to fiercely compete for aluminium from Middle Eastern sources if the European Union moves forward with a ban on Russian metal in the coming…
Bitcoin soared to a two-year high on Monday, surpassing $65,000 fueled by a surge of investment that brought it close to its all-time highs. The cryptocurrency reached a session peak…
Brussels levied a historic fine of 1.84 billion euros ($2 billion) against Apple (AAPL.O) on Monday, marking the tech giant’s first-ever antitrust penalty from the European Union. The fine stemmed…
Divergent views on nuclear energy policy among European Union member states were on display Monday, with France spearheading one camp advocating for nuclear technology while Austria and Germany led another…
Valero Energy Corp (VLO.N) has partnered with Iowa-based Summit Carbon Solutions in its proposed carbon-capture and storage project, as announced by the private company on Monday. Valero intends to transport…