Real Time Financial News Website
Challenged by dwindling revenue and crippling debt amid the COVID-19 pestilence, the Office of the Accountant-General of the Federation (OAGF) on Tuesday began a training programme for treasury officers who…
The secrecy shrouding terms and conditions of contracts in Nigeria’s extractive sector has, once again raised concern for stakeholders, especially as the country fights corruption. Although a signatory to the…
Nigeria’s central bank cut its benchmark lending rate on Tuesday by 100 basis points to 11.5% in a surprise move aimed at stimulating growth in Africa’s largest economy. Nigeria’s economy,…
The U.S. dollar rose against major currencies on Wednesday, supported by positive U.S. economic data and concerns about a second wave of coronavirus infections in Europe and Britain. Both the…
Dr Titus Okunrounmu, a former director, Budgetary Department of Central Bank of Nigeria (CBN), has commended the Monetary Policy Committee (MPC) of the Apex Bank for reducing Benchmark Interest Rate…
GBPUSD=X) in the early hours of trading on Wednesday, following UK prime minister Boris Johnson’s address to the nation.” data-reactid=”32″ style=”margin-bottom: 1em; color: rgb(0, 0, 0); font-family: “Yahoo Sans Finance”,…
Oil edged up to around $42 a barrel on Wednesday supported by rising investor risk appetite and a report that U.S. fuel inventories fell, although rising crude supply and concern…
The euro fell to a two-month low on Wednesday as positive U.S. economic data and concern about a second wave of coronavirus infections met tepid European indicators and pushed the…
IMPORTERS and their agents have said that a 5.0 per cent increase is now effected in duty payable on all imports following the implementation of the new exchange rate by…
The Central Bank of Nigeria on Tuesday said going forward, it would be sharing the losses incurred by farmers on its Anchor Borrowers Programme. According to the bank, the losses…
Sterling is having its worst month in four years and extended its fall against the dollar and euro on Wednesday after new long-lasting coronavirus restrictions in Britain were announced. Prime…
Stitch Fix shares dropped by more than 14% in after-hours trading Tuesday as the company reported steep losses for the fiscal fourth quarter. Here’s how the company did during its…
The stimulus stalemate has left lawmakers at odds over how to get more relief to millions of Americans who need it. Earlier this month, Senate Republicans attempted to get a…
SINGAPORE — J.P. Morgan Chase’s Chief Executive Jamie Dimon said he’s not against higher taxes on the rich, but a wealth tax is not the way to do it. “A…
Nike shares soared 13% in extended trading Tuesday as the company reported an 82% increase in online sales and offered up an outlook that calls for demand to grow through…
Amid the coronavirus-induced sharp drop in its revenues, the Federal Government reduced its spending on oil and gas assets being developed through joint ventures with private firms by 61.83 per…
The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, has said there is a need for Nigeria to act fast and address the loss of foreign…
The international oil benchmark, Brent crude, declined by about five per cent on Monday, as rising coronavirus cases stoked worries about global demand and a potential return of Libyan production…
Declining export receipts from oil and speculative activities of the Bureau De Change operators among other challenges of the COVID-19 pandemic on the economy will put more pressure on the…
Bank of England (BOE) governor Andrew Bailey has denied that the central bank’s latest policy statement implied that it would use negative interest rates to help stimulate the ailing economy.…
The Gas Aggregation Company Nigeria Limited (GACN) has said that its decision to review existing agreements used in transactions within Nigeria’s domestic gas market will not lead to hike in…
The European Central Bank (ECB) is looking into the benefits and risks of a digital currency, according to its president, Christine Lagarde. Rather than as a replacement for cash, a…
The National Union of Chemical Footwear Rubber Leather and Non-Metallic Products Employees (NUCFRLANMPE) has urged the Central Bank of Nigeria (CBN) to rethink its recent policy on Form M, which…
Nigeria’s central bank cut its benchmark lending rate on Tuesday by 100 basis points to 11.5% in an attempt to stimulate growth in Africa’s largest economy, its governor Godwin Emefiele…
The tide of risk-aversion which saw the dollar hit new six-week highs early on Tuesday ebbed as the session wore on, as European equity markets rose, the dollar’s gains paused…
Buying land in Nigeria involve various legal requirements and key procedures to be followed. The first key step towards purchasing a land in Nigeria is to engage a lawyer who…
The Petroleum Products Pricing Regulatory Agency (PPPRA) says the Federal Government has spent a total of N8.94 trillion on oil subsidy between 2006 and 2015. The agency disclosed this in…
Several leaked documents have revealed how the world’s biggest banks enable criminals to launder money around the world. The documents showing about $2tn of transactions are popularly called FinCEN files.…
The country’s foreign reserves rose by $140.9m from $35.67bn as of September 1 to $35.81bn as of September 17, the latest figures from the Central Bank of Nigeria have shown.…
The dollar slipped and yen and yuan led Asia’s currencies a little higher on Monday, as investors looked ahead to a slew of U.S. Federal Reserve speakers this week and…