Real Time Financial News Website
Neimeth International Pharmaceuticals Plc has concluded arrangements to commence its N3.67 billion right issue; to the existing shareholders of the company in August. The pharmaceutical company held a Completion Board…
China unveiled tighter rules to better regulate its $1.3 trillion credit card industry; further urging lenders to adopt a “prudent” growth strategy, and monitor risks more closely. However banks gets…
According to data got from the Exchange; they has delisted 121 quoted companies from the official list of Nigerian Exchange Limited (NGX) between 2002 to 2022 (20 years). Investigation showed…
The Federal Government, approved of N22.45bn for projects in the Ministries of Petroleum Resources and Environment. The Minister of Environment, and the Minister of State, Petroleum Resources, Timipre Sylva revealed…
Drugmaker Merck & Co is in advanced talks to buy cancer-focused biotech company Seagen Inc in a deal; that could be worth roughly $40 billion or more, the Wall Street…
The price of the global benchmark has fallen to a level not traded in 12 weeks. As a result of volatile trade at the start of the New York trading…
Credit Suisse (CSGN.S) said it was naming Roger Suter its new head of private banking in Switzerland. Succeeding current manager Serge Fehr. “Credit Suisse is today announcing that Roger Suter,…
Sri Lanka’s central bank raised key interest rates to the highest in two decades to bring down record inflation; despite the country wilting under a devastating economic crisis. With foreign…
Recently, the value of solid minerals imports rose by 74.39% from N23.56bn in the first quarter of 2021 to N41.09bn in the same quarter in 2022.; and contain in the…
Oil prices rose as much as nearly 3% before paring some gains as investors piled back into the market after a heavy rout in the previous session; with supply concerns…
TrustBanc Holdings Limited (TrustBanc), the parent company of three regulated financial services companies. They have successfully closed its series 7 and 8 Commercial Paper (CP) issue for a total amount…
The Federal Government has signed a deal for the concession of the Onitsha port with the Universal Elysium Consortium. Therefore, stating that the concession will generate over N23 billion in…
Equity trading on the floor of the Nigerian Exchange Limited (NGX) recorded a gain of N5.639 trillion during the half-year ended June 30. As investors continue to increase their buying…
Thursday, 30th June 2022: The exchange rate between the naira and the US dollar closed at N425.05/$1 at the Investors and Exporters (I&E) window, representing the lowest level recorded year-to-date.…
Mortgage rates took another jump higher last week, taking their toll on current borrowers who might have wanted to refinance. Demand from homebuyers, however, appears to be hanging in for…
Revenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to N680.783bn in May 2022. This representing a 30 per cent reduction…
The President, Association of Bureaux De Change Operators of Nigeria, Alhaji Aminu Gwadabe, has said that rising inflation; among other challenges, are compounding naira volatility. In a statement, Gwadabe said…
World shares rose on and it pinned the dollar near five-week lows on hopes of an eventual slowdown in U.S. monetary tightening following sharp interest rate hikes in June and…
Speaking at the National Economic Dialogue on ‘Critical Challenges Confronting the Nigerian Economy’ organized by the Nigerian Economic Summit Group (NESG) in Abuja. Resident Representative of IMF, Mr Ari Aisen…
Telecommunications companies’ voice revenue could jump by at least N442.57bn to N1.55tn in a year. If the price floor of calls raised by the operators is from N6.4 to N8.95.…
Stocks fell across Asia on Wednesday morning, extending overnight losses on Wall Street amid concerns over recession, inflation and high oil prices. Which also boosted the safe-haven dollar. Japan’s Nikkei…
Britons are shifting to cheaper food alternatives in their supermarket shopping as they try to navigate a worsening cost of living crisis. Market researcher NielsenIQ said that over the four…
Buy and hold, maximum long. That has basically been the strategy for commodity hedge funds for the last couple of years; but it is fast losing its luster. Crude oil,…
The war in Ukraine is making it hard for even unsanctioned Russians to sell exclusive residential property in Britain. Adding to a shortage of supply that has helped drive up…
Investors in MTN’s Public Offer for Sale conducted in December 2021 have gained an estimated N35 billion; since the offer closed last year. The company listed its public offer price…
The amount spent as subsidy by the Federal Government on every litre of Premium Motor Spirit; popularly called petrol, consumed in Nigeria is currently above N600- oil sector operators. Also,…
Citadel, the $51 billion hedge fund founded by billionaire investor Ken Griffin, is moving its global headquarters to Miami from Chicago. Therefore, becoming the latest investment firm to shift offices…
Nigeria’s debt servicing bill has increased by 109% to N896.56bn, findings. As a result, the country has also spent N3.83tn on debt servicing payments in 15 months, according to data…
Revenue collection by the 11 distribution companies increased by 47% to N757bn in 2021. The Association of Nigerian Electricity Distributors’ 2021 report on Commercial Key Performance Indicator. For its members…
Cryptocurrency bulls took over the market on Monday, with Bitcoin leading the charge, fighting its way through the $30,000 resistance level it was trading below on Sunday. To now head…