Real Time Financial News Website
The Stellar Development Foundation (SDF) just pumped $750,000 into Cowrie, a Nigeria-based fintech platform facilitating crypto remittance transfers. SDF said Monday the investment, made through its Enterprise Fund, will provide…
The Federal Executive Council on Wednesday approved the plan by the Ministry of Petroleum Resources to rehabilitate the Port Harcourt Refinery with $1.5bn. The decision was taken at the weekly…
Legend Holdings, the parent of the world’s biggest PC maker Lenovo, said it purchased about 12.8 million shares of Chinese chipmaker Fullhan Microelectronics for 1.54 billion yuan ($236.9 million). The…
Coinbase said on Wednesday it had registered about 114.9 million shares for its direct listing on the Nasdaq, setting the U.S. cryptocurrency exchange up for the highest-profile listing from a…
The Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday said it had begun tracking over $5.31 billion and a separate N69.51 billion which had remained unremitted by some companies and agencies…
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday defended the apex bank’s restrictive trade policy, stressing that it was meant to protect local industries from unfavourable competition…
Foreign investors should have long-term investment plans for Africa, because it boasts of huge returns on investment, Chairman, Heirs Holdings, Tony Elumelu has said. Speaking at the virtual World Global…
The market capitalisation of the Nigerian Stock Exchange (NSE) has declined by N173 billion as the euphoria that greeted the completion of its demutualisation gave way to apprehension and anxiety…
The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has said that Nigeria’s 0.33 per cent share in world trade is “a very small fraction” of the volume…
Following the impacts of the COVID-19 pandemic on African economies, stakeholders are to meet to review solutions to the continent’s macroeconomic challenges at a conference. The conference organised by JODOR…
Experts have stressed the need for the Federal Government to reposition the local bourse to make it more attractive to accumulate savings from the rest of the world. The Managing…
Alphabet Inc’s Google said on Tuesday that it was cutting the service fee that app developers pay to Google Play app store to 15% for the first $1 million in…
Ford Motor Co said on Tuesday that the next version of its Transit van for the European market will go into production in Turkey in 2023 and include fully electric…
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, said Nigeria would have started producing its own refined petroleum products if Dangote Refinery had existed years ago. She…
The Federal Government on Monday inaugurated the National Livestock Breed Improvement Programme with the aim of curbing incessant clashes between farmers and herders across the country. It said the programme…
German online fashion retailer Zalando said it aims to capture more than 10% of the 450 billion euro ($536.54 billion) European fashion market in the longer term after coronavirus lockdowns…
A review of rules for the insurance sector after Brexit will take time to complete, but it will not lead to any “radical departure” or a reduction in capital requirements,…
Oil prices rose on Monday, with Brent heading toward $70 a barrel, as data showed China’s economic recovery accelerated at the start of 2021, boosting the energy demand outlook at…
European stocks are expected to open higher Tuesday as market attention focuses on the global economic recovery and the latest meeting of the U.S. Federal Reserve. London’s FTSE is seen…
The Trust Project is an international consortium of news organizations building standards of transparency Richard Byworth, CEO of Diginex, said his company projects that Bitcoin (BTC) will reach at least…
Microsoft stands to receive nearly a quarter of Covid relief funds destined for U.S. cybersecurity defenders, sources told Reuters, angering some lawmakers who don’t want to increase funding for a…
A storm of controversy is raging again over the unremitted funds by the revenue-generating public agencies. At a recent plenary, the Senate Committee on Public Accounts and officials from the…
The Federal Government on Sunday explained why it was constructing a narrow gauge railway on the Eastern rail line as opposed to the clamour for a standard gauge line. Minister…
Xiaomi has won at least a temporary reprieve from a US ban on Americans investing in the Chinese smartphone maker. The Trump-era ban was halted Friday by a US federal…
British Prime Minister Boris Johnson will invest 3 billion pounds ($4.17 billion) in England’s bus network, aiming to provide more frequent, cheaper services to encourage people to catch the bus…
Roche will buy GenMark Diagnostics, a U.S.-based maker of molecular diagnostic tests in a $1.8 billion deal, the Swiss pharmaceuticals manufacturer said on Monday. Roche said it will launch a…
India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to…
Cryptocurrency exchanges in Nigeria are taking measures to ensure a safe trading environment for investors with upgraded security protocols. The need to control scam activities like fraudulent transactions, is sequel…
Central bankers from Washington to Tokyo will this week confront the enthusiasm of investors betting on a return of inflation, delivering policy responses ranging from cautious tolerance to interest-rate increases.…
Bitcoin has shown a tendency lately to clock its intraday low in the Asian or European session, and end near daily highs in the U.S. For example, the low on…