Real Time Financial News Website
Brazil’s central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as foster financial sector competition and lure in new players such…
Coalition of Civil Society has called on the Central Bank of Nigeria (CBN) to engage Nigerians through adequate advocacy, saying the Apex bank has done alot to improve the country’s…
re just about to be commissioned as we speak and they are going to meet a lot of needs for the nation and the states they are located. How much…
The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for the greenback. The local currency, which…
Timipre Sylva, the minister of state for petroleum resources, says Nigerians will get used to the deregulation of the pump price of petrol the same way they adjusted to similar…
The Canadian dollar strengthened against its U.S. counterpart on Monday as positive results from a COVID-19 vaccine trial boosted investor sentiment and domestic data showed manufacturing sales climbing in September.…
Whatsapp, the messaging service of Facebook Inc will soon enter the Brazilian market providing peer-to-peer (P2P) payment services, central bank president Roberto Campos Neto said on Monday. In a press…
Lagos State Governor, Babajide Sanwo-Olu, is concerned about the impact of the destruction of government and private properties on the people and the state’s economy. In his remarks at the…
The Nigeria oil and gas market is expected to grow at a CAGR of less than 5% during the forecast period of 2020 – 2025. Major factors driving the market…
OPEC and its allies discussed weaker compliance with pledged oil output cuts on Monday and weighed further action to support the market as the second wave of coronavirus hits demand.…
Nigeria plans to start a fund that will operate a bridge bank to nurse struggling lenders back to health. The central bank will inject 10 billion naira ($26 million), or…
Technical charts studied by some analysts to predict market moves suggest the world-beating rally in Nigerian stocks is overdone. Yet, Lagos-based analysts expect local investors seeking returns to keep buying,…
British authorities said on Monday they planned to implement new financial regulation regimes on Jan. 1 2022. They comprise the UK’s Investment Firms Prudential Regime, which covers investment firms, and…
SEPLAT Group has partnered with the Nigerian National Petroleum Corporation to site a multi-billion-naira gas plant at Asaa, Ohaji-Egbema Local Government Area of Imo State. Imo State governor, Senator Hope…
An economist, Prof. AbdulGafar ljaya, has called for a price war against imported rice. Ijaya, who teaches economics at the University of llorin, made the call on Monday in llorin…
African leaders attempted Monday to kickstart some kind of mediation in Ethiopia’s escalating internal conflict, two days after rocket strikes on Eritrea’s capital highlighted risks that fighting could spread. Ugandan…
Nigerian inflation quickened for a 14th straight month in October on rising food prices caused by border closures, dollar restrictions and banditry attacks that are preventing farmers from producing food.…
The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Governor of the Central Bank of Nigeria, Godwin Emefiele, over…
The Kaduna Inland Dry Port has begun to liaise with various segments of the organised private sector within its area of operation. According to a statement by the Port Manager,…
The Federal Ministry of Finance, Budget and National Planning has released the draft version of the 2020 Finance Bill (the Bill) to the public for consultation. This affirms the Federal…
Analysts have allayed concerns about the likelihood of Nigeria defaulting on its Eurobond payments to investors even as investors in the debt instrument issued by African countries have adopted cautious…
Nigeria’s inflation rate has climbed to a 30-month high, as it rose further to 14.23 percent in October, the latest figures by the National Bureau of Statistics (NBS) has shown.…
Federal Government’s plan to concession airports has run into difficulties over an existing debt and pact with China to build four new terminals at the cost of $500 million. The…
A MARITIME ‘hijacking’ probe is ongoing. Seven Nigerian men were previously bailed for allegedly hijacking the oil tanker Nave Andromeda off the coast of the Isle of Wight. SBS commandos…
The dollar was hemmed into a narrow range on Monday, as traders weighed the economic impact from a resurgence of global coronavirus cases against prospects for a working vaccine that…
Today, Monday, November 16, South-South governors are scheduled to meet over the subject of Zamfara gold. Not too long ago, it was announced that the Zamfara State Government would be…
Oil prices climbed on Monday, recouping some losses from the previous session as hopes that OPEC+ will hold current output curbs offset concerns about weaker fuel demand due to rising…
The Central Bank of Nigeria’s Loan to-Deposit-Ratio (LDR) initiative has through its 18 months of existence, largely accomplished its objective of driving the needed credit to the real and other…
With the signing of the Banking and Other Financial Institutions Act (BOFIA) (amendment) Bill 2020, the reality of a tougher regulatory regime is unnerving the banking sector, investigation by The…
Equities investors will for a long time remember the performance of the market last week as it gained N2.1 trillion following unprecedented demand that made the Nigerian Stock Exchange (NSE)…