Real Time Financial News Website
The National Pension Commission (PenCom) has ordered recapitali-sation in the pension industry, The Nation has learnt. The Commission has raised the shareholders’ funds of PFAs from N1 billion to N5…
Airtel Africa Plc has announced the appointment of the Managing Director and Chief Executive Officer of Airtel Nigeria, Olusegun Ogunsanya, as MD/CEO of the Airtel Group. He is to succeed…
The Central Bank of Nigeria (CBN) has sacked all the board members of First Bank Nigeria Ltd and First Bank of Nigeria Holdings Plc. The apex bank had queried the…
Facts are emerging on the board room crisis that precipitated the sack of Adesola Kazeem Adeduntan as the managing director/ chief executive officer of First Bank Nigeria Limited and his…
The NNPC would therefore not be contributing to the FAAC for April and May which will in turn affect the revenue to be shared among states of the federation. The…
The Academic Staff Union of Universities, ASUU, and the Nigeria Union of Teachers, NUT, have said the revelation by the United States Government that Nigerian parents spent over N190 billion…
A partnership deal has been struck between outsourcing service provider BLS International and data and digital enrolment services firm Files Solutions Limited to help Nigeria’s National Identity Management Commission (NIMC)…
Dr Uchechukwu Ogah, Minister of State, Ministry of Mines and Steel Development (MMSD) says the ministry recorded 1,562,720 grams of Gold production from 2016 to 2020. Ogah disclosed this during…
Nigeria’s central bank warned its employees to take extra precautions against kidnappings because of deteriorating security in the West African nation. Staff should “take note of the elevated security alert…
For all the hype about Bitcoin these days, its momentum has actually quieted down a little bit lately. After almost hitting $65,000 in the wake of the Coinbase IPO, it’s…
U.S. officials leveraging the dollar’s dominance as a reserve currency to wield influence should heed the lessons of the Sterling Area’s decline, according to a newly published study. The paper,…
At the plenary session on Thursday, the green chamber also asked the federal ministry of interior to review its agreement with the passport printing company to boost the production of…
Gold prices rose on Thursday as the dollar weakened after the U.S. Federal Reserve decided to keep interest rates low for the foreseeable future even though it took a rosier…
Nigerian President Muhammadu Buhari asked the U.S. to support Africa’s efforts in tackling growing insecurity in the region. Washington should consider relocating the headquarters of the U.S. Africa Command to…
Kenya’s and Nigeria’s currencies are expected to trade within existing ranges in the coming week, analysts and traders said. Tanzania’s currency is seen holding steady, while Uganda’s is expected to…
The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns about the worsening security situation in the country, stating that if unchecked, the multidimensional effect remains profound, especially as…
The dollar was on the defensive near nine-week lows on Thursday as a decidedly dovish outlook from the U.S. Federal Reserve gave a green light for the global reflation trade.…
Minister of Interior, Rauf Aregbesola, made the declaration in a statement signed by the Permanent Secretary of the ministry, Dr. Shuaib Belgore. He congratulated Nigerian workers for witnessing this year’s…
Turkey’s new central bank Governor Sahap Kavcioglu is expected to raise inflation forecasts on Thursday after his appointment unleashed a slide in the lira, exposing his limited room to deliver…
United States Secretary of State, Antony Blinken, has described the security challenges facing Nigeria as extraordinary. He said this during a virtual roundtable with Kenyan and Nigerian journalists. Blinken, who…
The outlook for petroleum products supply in Nigeria is bleak as foreign exchange scarcity continues to hamper importation by private marketers, a new report by Cordros Capital Limited has said.…
Accepting Intellectual Property (IP) as collateral assets will go a long way to support Small and Medium-Sized Enterprises (SMEs) in the creative sector, which will in turn, boost their contribution…
Oil was steady near a six-week high as signs of strengthening demand in key markets offset concerns a Covid-19 resurgence in some countries, especially India, will damp fuel consumption in…
U.S. economic growth likely accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the course for what is expected to be the strongest performance…
Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer outweighed concerns about the impact of rising COVID-19 cases in…
Nigerian senate passed a bill that strengthened the power of state-owned Asset Management Corp. of Nigeria to recover bad loans it acquired from commercial lenders during a banking crises more…
A former member of the Central Bank of Nigeria’s (CBN) Financial Regulation Advisory Council of Experts and now a professor of Islamic law with University of Ilorin, Kwara State, AbdulRazzaq…
HSBC have become the latest UK lender to predict the Bank of England will begin the process of tightening UK monetary conditions at its May policy meeting, a move that…
Bitumen reserves in the country have grown to about 42 billion barrels out of which 43 industrial chemicals, including heavy crude petroleum, can be obtained, the Minister of Science and…
President Joe Biden on Wednesday will pitch Congress on $1.8 trillion in new spending and tax credits aimed toward children, students and families, senior administration officials said. Biden will unveil…