Real Time Financial News Website
The European Union is set to delay a decision on allowing clearing houses in London to continue clearing euro transactions for EU-based clients due to Britain’s plan to breach part…
Once upon a time, the Naira was worth almost twice as much as the Dollar and equivalent to the British Pound. Fast-forward today, the local currency is trading at a…
Over $6billion wheat were imported in the last five years, it was learnt. The huge amount of money, findings revealed, was used to import the commodity between 2016 and August…
UK property prices will plunge by 13.8% next year after a recent mini-boom begins to rapidly unravel, new research suggests. The Centre for Economic and Business Research (CEBR) highlighted Britain…
Nigeria inflation is expected to rise up to 14.15% at the end of December, the central bank said, citing supply shocks due to fall in economic activity and disruptions caused…
The trend of stock trading has been steadily picking up throughout the world since the advent of electronic trading in 1970. In the past decade, there has been increased participation…
The African Export-Import Bank (Afreximbank) has disbursed $200 million to Zenith Bank through its pandemic trade impact mitigation facility (PATIMFA). Afreximbank said the intervention will assist Zenith Bank to continue…
The dollar retreated on Monday against major peers as a wave of M&A deals lifted the mood on global equity markets and investors looked ahead to an event-packed week which…
The British pound flirted with a 1-1/2-month low against the dollar on Monday on fears about no-deal Brexit while investors waited for Japan’s ruling party to choose a successor to…
It was meant to be the week when Opec nations gathered in Baghdad to celebrate the cartel’s six decades as a dominant force in global oil markets. Instead, Opec and…
Ghana has raised its farm gate price for cocoa by 21% after implementing a $400 per metric ton premium on futures prices for the 2020-21 harvest, according to two people…
Dozens of major wildfires are burning through the U.S. West Coast, destroying hundreds of homes and wiping out entire neighborhoods in two towns in Oregon. More than 3 million acres…
The European Central Bank has dashed hopes of fresh stimulus to buttress the faltering recovery and to restrain the surging euro, sending the single currency rocketing higher against sterling, the…
The demand-side impact of Nigeria’s decision to fully deregulate retail gasoline prices this week may be modest in the near term but will likely be felt most acutely by European…
A senior lecturer in the Department of Economics, University of Abuja, Dr Ahmed Adamu, has said that the timing of the policy which places a ban on giving foreign exchange…
The Comptroller-General of Nigeria Immigration Service, Muhammad Babandede, has directed that all intending passengers to China are to obtain COVID-19 negative test certificate before departing Nigeria for the Asian country.…
Japan is in no rush to digitize the yen but there are reasons the country should think seriously about a central bank digital currency (CBDC), said Tetsuya Inoue, formerly of…
The lack of widespread coronavirus testing early in the outbreak in the U.S. will be remembered as the nation’s biggest misstep in its pandemic response, Dr. Scott Gottlieb told CNBC…
European markets closed slightly higher on Friday as investors monitored tense negotiations between the U.K. and the European Union. TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME .FTSE FTSE 100 FTSE…
JPMorgan Chase thinks it’s found the next hot market for investors: Taking stakes in giant, pre-IPO start-ups from SpaceX to Airbnb. The investment bank is launching a new team to…
Peloton — The exercise equipment maker’s stock jumped 2.5% after the company handily beat earnings expectations for the fourth quarter. The company earned 27 cents per share, compared with the…
The naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales to the Bureau de Change Operators on Monday. The naira…
The Manufacturers Association of Nigeria (MAN) has lamented that, despite inward looking foreign exchange (forex) stance of the Central Bank of Nigeria (CBN), over 40 per cent of manufacturers are…
The pound rose against the dollar on Friday, bobbing above the $1.28 mark after a week in which new Brexit friction between Britain and the European Union put the currency…
The greenback has been on a slide since COVID-19 arrived in the United States, and a wonky change in the Federal Reserve’s approach to inflation may apply further downward pressure…
The euro rose slightly on Friday as traders noted European Central Bank policymakers’ calm approach to the euro’s recent appreciation, while the Norwegian crown surged on official forecasts the economy…
Despite resumption of forex sales to Bureau de Change operators, the Nigerian currency slumped in the parallel market Thursday. Checks by PREMIUM TIMES showed that the naira exchanged to the…
Nigerian President Muhammadu Buhari has ordered the central bank to stop providing foreign exchange for food and fertilizer imports as part of ongoing efforts to boost local farming production and…
Nikola shares tumbled more than 10% on Friday after the electric vehicle company dismissed fraud allegations made in a report by short selling firm Hindenburg Research. Nikola said it is…
The British pound fell over 1% to a more than five-month low on Thursday as Britain and the EU prepared for emergency talks on a future trade deal. The pound…