Real Time Financial News Website
The Nigeria Police Force (NPF) has unveiled a cybercrime reporting web portal: https://incb.police.gov.ng/ as part of efforts at ensuring ease of crime reportage by members of the public to enable…
The Central Bank of Nigeria (CBN), in a new circular, has clarified its position on the removal of third parties from buying of foreign exchange routed through Form M, letters…
Officials from the Federal Ministry of Agriculture and Rural Development, states, agencies and non-governmental organisations on Thursday said Nigeria was spending about $500m annually on oil palm imports. At the…
Government’s plan to slash import duties and taxes on tractors, buses and passenger vehicles will increase unemployment, Peugeot Automobile Nigeria (PAN) Limited, said on Thursday. The firm warned that the…
National chairman of the Peoples Democratic Party, PDP, Prince Uche Secondus has said Nigeria under the watch of President Muhammadu Buhari is going bankrupt, saying in almost six year in…
Nigeria dismissed an investigative report by CNN alleging that its security forces killed unarmed protesters last month in the country’s largest city of Lagos, accusing the news organization of disinformation.…
The Nigerian Naira was battered further today by the US dollar and other currencies as it crashed to N478 in the unofficial market. It traded at N475 on Wednesday, as…
Protesters Victor Sunday Ibanga, left, and Wisdom Okon. Their families say they haven’t seen them since the protest on October 20. Abuja, Nigeria (CNN)A senior Nigerian minister lashed out against…
The 1993 Presidential Aspirant under the defunct National Republic Convention (NRC), Alhaji Lema Jibril, has said that the challenge of unemployment in Nigeria is deadlier than COVID-19, Boko Haram and…
Over the past five years, high-profile visits to African tech ecosystems by Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey, Google CEO Sundar Pichai and Alibaba founder Jack Ma have…
Nigeria’s naira and the Kenyan shilling are expected to lose value against the dollar in the week ahead as demand pressures from importers build ahead of Christmas shopping season. NAIROBI,…
Oil prices dipped on Thursday as a surge in coronavirus cases and tighter pandemic restrictions around the world weighed on fuel demand expectations and dragged down global equities. . Brent…
The MoU was reached following bilateral agreements between President Muhammadu Buhari and President Mahamadou Issoufou of Niger. The federal government has signed a Memorandum of Understanding (MoU) with the Republic…
Launch of Abuja flights will increase Qatar Airways’ network in Africa to over 65 weekly flights across 20 destinations Passengers from Abuja can enjoy more flexible travel options via the…
Shareholders, economists and securities expert have reacted angrily to Federal Government’s plan to plough N200 billion unclaimed dividends into its coffers, just as the House of Representatives express the concern…
Declining interest rates in the fixed income market triggered massive rally on the equities sector of the Nigerian Stock Exchange (NSE) last week, as the market All-Share Index (ASI), and…
Except the country finds new buyers, the plan to ban petrol and diesel vehicle sales by the United Kingdom government will threaten Nigeria market share of crude oil. UK imports…
The extent of diversification of Nigeria’s economy and revenue sources and the development of infrastructure would determine the sustainable economic outlook of the country in the medium to long-term. Senior…
Nigeria should sanction CNN for a report that the country’s military shot and killed protesters demonstrating against police brutality, a minister said on Thursday, but the U.S. channel defended its…
Africa’s notable absence from the rush to the sell Eurobonds this month is set to change as the largest economies on the continent prepare to tap the market during the…
Bitcoin’s back, baby. The best-known and largest cryptocurrency has gained more than 130% in pandemic-ravaged 2020 and in November surpassed four separate $1,000-point barriers within a four-day span, going from…
The coronavirus crisis pushed global debt levels to a new high of over $272 trillion in the third quarter, the Institute for International Finance said, as it warned of the…
The Federal Executive Council on Wednesday approved the 2020 Finance Bill for subsequent transmission to the National Assembly. The decision was taken at a meeting of the council presided over…
The European Central Bank could “neither go bankrupt nor run out of money” even if it were to suffer losses on the multi-trillion-euro pile of bonds it has bought under…
The nation’s manufacturing sector has snapped out of the doldrums after contracting for six straight months, a new survey by the Central Bank of Nigeria has shown. The CBN, in…
The Central Bank of Nigeria’s (CBN) Manufacturing Purchasing Managers’ Index (PMI) stood at 50.2 index points in November, indicating recovery from contraction in the manufacturing sector recorded since May 2020.…
The euro was the most used currency for global payments last month, the first time it has outpaced the dollar since February 2013. Data from the Society for Worldwide Interbank…
The naira extended its decline on Wednesday at the parallel market as the United States dollar was sold for N478. The local currency, which traded at N475 per dollar on…
The Senate Committee on Appropriation on Wednesday promised to submit the harmonised version of the 2021 budget at plenary on December 3. The Chairman of the Committee, Senator Jubril Barau,…
Bank account ownership is quite compulsory in many developed countries of the world. Research shows that nearly half of the world’s unbanked population live in developing countries. Though China and…