Real Time Financial News Website
Benyamin Ahmed isn’t your average 12-year-old. When he’s not at school, he enjoys swimming, taekwondo — and learning how to code. At just 5 years old, Ahmed began programming after…
Dick’s Sporting Goods (DKS) – The sporting goods retailer’s shares jumped 4.9% in the premarket, as its quarterly earnings beat estimates. The company also announced a $5.50 per share special…
LivingTrust Mortgage Bank Plc has announced that it will offer 750 million ordinary shares to the public to address its free float deficiency in compliance with the rules of the…
U.S. Treasury yields edged higher on Wednesday morning, as investors geared up for the Federal Reserve’s Jackson Hole symposium. The yield on the benchmark 10-year Treasury note added less than…
Organisers of the International Halal Expo, Abuja Chamber of Commerce and Industry (ACCI) have stated that Nigeria is expected to attract over $150 billion investment from the Halal trade exhibition.…
The financial services industry dominated, in volume terms, last week’s transactions at the equities sector of the Nigerian Exchange Limited (NGX), leading the activity chart with 445.3 million shares valued…
Wild swings in cryptocurrencies will eventually drive bitcoin investors to return to gold, says the executive chairman of gold mining firm Evolution Mining. Jake Klein said bitcoin still has a…
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said the Federal Government raised about N669billion from the Nigerian capital market through issuance of sukuk bonds. Ahmed disclosed…
The Securities and Exchange Commission (SEC) has announced plans to partner with the National Insurance Commission (NAICOM) to de-risk certain commodity assets and attract more investors into the space. Besides,…
Equity investors in the Nigerian Exchange Limited gained N64.93bn on Thursday as the NGX All-Share Index rose by 0.32 per cent to 39,670.29 basis points, its highest since April 26,…
From used cars to gas to groceries, inflation continues raise the price of goods in the U.S. The consumer price index — which measures how much consumers pay for an…
The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days. The local currency fell to 517 against the US…
U.S. Treasury yields fell on Thursday morning, despite the Federal Reserve’s latest policy meeting minutes showing that the central bank was preparing to taper bond purchases this year. The yield…
For the umpteenth time, Nigerians have been warned to flee from investments that promise to offer them unrealistic returns as this will end in premium tears. This warning was given…
U.S. Treasury yields ebbed lower on Tuesday, ahead of the release of July’s retail sales data. The yield on the benchmark 10-year Treasury note fell nearly 3 basis points to…
The Securities and Exchange Commission (SEC) has once again, bemoaned the proliferation of fraudulent investment outfits in the capital market, urging investors to desist from patronising of such illegal operators.…
A member of the President’s Economic Advisory Council and Managing Director, Financial Advisory Council, Mr. Bismarck Rewane, in this interview provides insights into steps the federal government can take to…
Egypt-based ecommerce startup, Brimore, is preparing to raise more funding to strengthen its business in Egypt after receiving a $3.5 million investment in May 2020. The International Finance Corporation (IFC)…
Schneider Electric, weekend, disclosed that investment in the data centre would hit $174 billion by 2023 following increasing demand. The company, which called for more investment, stated that the disruptive…
LAGOS – Investors in the nation’s economy have called on the Federal Government to consider reform for key non-oil sectors of the economy to intentionally ensure price stability and economic…
Nigeria’s foreign liabilities stood at $187.36bn while the country’s foreign assets amounted to $102.15bn as of December 2020, the International Monetary Fund has said. From 2016, Nigeria’s foreign liabilities jumped…
THE equities listed on the Nigerian Exchange Limited saw its their market capitalisation rise by N370.75bn last week amid bullish sentiment. The NGX All-Share Index appreciated by 1.83 per cent…
The Nigerian pension industry’s net assets will hit the N20 trillion mark by 2023, recording an average growth rate of 18 per cent, credit rating agency, Agusto & Co has…
Singapore is looking at deepening its economic ties with Nigeria and other West African countries as its enterprises promise to increase investments in key sectors in the region. Regional Director,…
U.S. Treasury yields fell on Friday morning, following mixed economic data in the previous session. The yield on the benchmark 10-year Treasury note fell 2 basis points to 1.341% at…
U.S. Treasury yields climbed on Wednesday morning, ahead of the release of the July consumer price index, a key inflation indicator. The yield on the benchmark 10-year Treasury note rose…
Democrats unveiled their $3.5 trillion budget proposal on Monday, calling for significant spending increases for social programs and climate policy. The plan comes as the Senate is trying to push…
…Investors seek initiatives to reverse weak macro-economic scenario With the N116.7b pulled from the nation’s stock market from the month of January to June 2021, operators have warned that the…
Bitcoin surged Monday to a nearly three-month high as policy makers hashed out last-minute compromises over how to tax crypto assets. The largest digital coin rose as much as 5.4%…
Bitcoin gathered steam on Monday afternoon in London, heading above the $45,000 mark for the first time since mid-May. Both bitcoin (BTC-USD) and ethereum (ETH-USD) had hit their highest levels…