Real Time Financial News Website
Taco Bell announced a second wave of menu cuts after it concluded a review of its food and beverage offerings. The Yum Brands chain is among the restaurant companies permanently…
A New York judge has ordered lawyers for President Donald Trump’s company and his son Eric to court later in September to explain why they should not be subject to…
Haulage operators at the ports have said that cargo owners will bear the brunt of the increment of petrol pump price to N151.56 per litre. Recall that the Pipelines and…
Asset prices could be on the cusp of a sharp collapse known as a “Minsky moment,” and may retest lows last seen in March, according to Ron William, market strategist…
Nigeria may be leaning against the wind as its foreign exchange reserves fall below the threshold required by the Central Bank of Nigeria (CBN) Act of 2007, as data analysed…
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to…
The President, National Coconut Producers, Processors and Marketers Association of Nigeria (NACOPPMAN), Nma Okoroji, has said coconuts can help generate over $400 billion for the Nigerian economy annually. Mrs Okoroji…
Abuja — Federal government’s borrowings are fuelled by persistent budget deficits, the Director-General of the Debt Management Office, DMO, Ms. Patience Oniha, said yesterday. There have been concerns about the…
An electric vehicle battery supplier backed by Microsoft co-founder Bill Gates and Volkswagen is the newest automotive company to announce plans to go public through a special purpose acquisition company.…
The Nigerian National Petroleum Corporation (NNPC) has invited local and international companies to submit bids to lift Nigerian crude and condensates for 2021. S & P Global reported that these…
The dollar’s bounce extended on Thursday as investors trimmed bets against the greenback and sold the euro on concerns that the European Central Bank was worried about its rise. FILE…
The Nigerian central bank has started to sell dollars in the spot market and forward operations to clear a backlog of demand for the greenback that has kept foreign investors…
The dollar’s bounce extended on Thursday, as investors trimmed bets against the greenback and sold the euro on concerns that the European Central Bank was worried about its rise. The…
The Association of Bureau de Change Operators of Nigeria (ABCON) says the N2 profit margin that comes with exchanging the naira at N386 to the dollar is not enough to…
The Naira has marched into September with a renewed sense of confidence, rallying to its strongest level since April on the black markets as supplies of Dollar surged ahead an…
In this interview with LEADERSHIP, the chairman, House Committee on Ports and Harbour, Hon Garba Datti Mohammad is optimistic that efforts by the Nigerian Shippers’ Council (NSC) and Nigerian Ports…
The pound fell against the dollar on Thursday, extending its losses on a combination of dollar strength and weak domestic factors: the long-term damage to Britain’s economy from the coronavirus…
Nigeria aims to have 50 mines in operation by 2023 and can make up for time lost because of the impact of COVID-19 on development of the nascent sector, the…
The Nigerian currency firmed sharply on the black market on Tuesday, gaining 9.65% to 435 naira against the U.S. dollar, traders said, citing central bank’s move to resume forex sales…
Bitcoin posted its largest one-day decline in about a month just a day after reaching $12,000. Other digital currencies registered deeper declines. The world’s largest cryptocurrency fell as much as…
Ahead of funding account on Friday and business reopening on Monday, Bureau de Change (BDC) operators have called on the Central Bank of Nigeria of Nigeria (CBN) to review the…
The Central Bank of Nigeria has said it will grant more licences for payment service banks but set a minimum capital base of N5billion which could deter telecom firms and…
The pump price of petrol should be closer to N155 per litre, the Chairman of the Major Oil Marketers Association of Nigeria, Mr Adetunji Oyebanji, has said. Oyebanji, who is…
Sterling fell against a rebounding U.S. dollar on Wednesday but rose against the falling euro as traders looked to speeches from several Bank of England officials for direction. Investors will…
Nigeria’s trade deficit ballooned by 92 percent between the first and second quarter of 2020 on the back of increased imports and not-enough exports. According to the Foreign Trade in…
The euro is about to extend its advance by another 5% in the coming months, if history is a guide. The currency seems to be mirroring a pattern from August…
The Nigerian Stock Exchange (NSE) has debarred six listed companies from trading for not filing their audited financial statements for the year ended December 31, 2019. These companies are FTN…
The yuan isn’t going to unseat the U.S. dollar anytime soon — but the Chinese currency’s rising prominence has been seen in global reserves as well as international trade. Much…
Widespread congestion at the Nigerian ports is costing the nation about $55 million (about N20.8 billion) per day, going by the latest report by Dynanmar. The Dutch consultancy firm said…
The Minister of State for Petroleum Resources, Mr. Timipre Sylva has given up his official vehicles to be remodelled to use gas as fuel instead of petrol. He said the…