Real Time Financial News Website
The Central Bank of Nigeria (CBN) has directed all deposit money banks in the country to restructure loan terms and tenors to households and businesses affected by the coronavirus outbreak.
Barely one hour into stock trading session on Monday March 16, investors were seen snapping value stocks that are trading…
Zenith Bank has limited the monthly international withdrawal limit on its Naira cards to $1,000 per month, according to PUNCH.
LVMH said it will use all the production facilities of its perfumes and cosmetics brands to produce large quantities of hydroalcoholic gel, or hand sanitizer, starting Monday.
The foreign exchange market resumed on Monday, 16th March, with dollar selling at N380/$ in some area of Lagos. According…
The Italian government ordered a nationwide lockdown last week. But supply chain problems have emerged to the degree that the automaker “cannot ensure continued production,” although operations not linked to production will continue, the company added. CEO Louis Camilleri said that Ferrari would look to restart production as soon as feasible
Sanwo-Olu, who visited the scene on Monday morning, also announced a N2 billion relief fund to cushion the effect on the victims and address the disasters triggered by the explosion.
Nigeria’s economy may slide into another recession as the sudden crash in crude oil prices is set to wipe $8.63bn from the expected earnings accruable to the country in six months.
The coordinated response from the Fed to the European Central Bank (ECB) and the Bank of Japan (BOJ) came amid a meltdown in financial markets as investor anxiety deepened over the difficulty of tackling a pathogen that has left thousands dead and put many countries on virtual lockdowns.
Gold jumped in early Asian trading after the Federal Reserve cut its benchmark interest rate by a full percentage point…
Ghana is closing its borders to travelers from countries with more than 200 cases of the coronavirus as the West…
In a bold, emergency action to support the economy during the coronavirus pandemic, the Federal Reserve on Sunday announced it…
Yesterday, the United Kingdom’s Chancellor, Rishi Sunak, whilst delivering the government’s budget plans announced a stamp duty land tax surcharge…
Apple will close all stores outside of Greater China until March 27 to help stop the spread of coronavirus, Apple CEO Tim Cook said Saturday.
A massive explosion which rocked Lagos on Sunday morning has led to the destruction of houses in different parts of the state.
Zenith Bank Plc has reportedly been given the green light to merge or acquire Union Bank Nigeria Plc.
The price of one bitcoin (XBT) fell 3% in early morning trading to about $5,600 before recovering a bit. At one point Friday morning, prices had plunged as low as $3,850.
The Central Bank of Nigeria (CBN) says market fundamentals do not support Naira devaluation this time around. The CBN made…
We’re tracking the latest on the coronavirus outbreak and the global response. Sign up here for our daily newsletter on what you…
Globalization has been a boon for the airline industry, which has flourished as nations opened up to one another over…
The crisis engulfing the airline industry deepened on Tuesday as carriers cancelled flights, withdrew earnings guidance and implemented austerity measures…
It was a historic day on Wall Street. The Dow plunged 10% for its worst day since Black Monday in…
A court-ordered sale of one-time shale high-flyer Alta Mesa Resources Inc fell through due to a lack of financing on…
Two men in grey jumpsuits brush glue onto rubber soles, while factory machines whir in the background. Elsewhere, women perched…
President Donald Trump announced on Wednesday that all travel from Europe, except for the United Kingdom, will be suspended for…
US stock futures and markets around the world slid late Wednesday night as concerns about the economic fallout from the…
Amazon Web Services has been focused on signing up more large business customers in recent years, as it continues to…
Sharp mid-day fluctuations came as investors weighed the possible timing of a government stimulus package designed to boost US economic…
The plunge in oil prices is piling pressure on Nigeria to devalue the naira as dwindling export revenue depletes foreign-exchange…
John Boyega, Nigerian-British actor, has signed a multi-year deal with Netflix, US media-services firm, to produce West and East African movies.…
