Real Time Financial News Website
The Central Bank of Nigeria’s (CBN’s) ‘Naira for Dollar Scheme’, aimed at promoting diaspora remittances will be ending this Saturday. The two-month campaign, which started on March 8, has seen…
This Thursday 6 May, Londoners will head to the polls to elect a mayor. In the ranks of the hopefuls is Nims Obunge, a Nigerian pastor and politician who prefers…
It was a bad day for the Nigerian currency at the Investors and Exporters segment of the foreign exchange (FX) market on Tuesday. This was because the local currency depreciated…
MTN Nigeria (MTNN.LG)has issued a 100 billion naira ($263 mln) fixed rate bond in the first quarter of 2021, due in seven years, under a 200 billion naira bond programme…
The British Pound has flatlined against the Euro as the end of the month approaches while continuing to churn familiar territory against the U.S. Dollar, but early May could bring…
Industrialists across the country, under the auspices of the Lagos Chamber of Commerce and Industry (LCCI) have charged the Central Bank of Nigeria (CBN) to review its policy on repatriation…
The shortage of aircraft, flights as well as pilot inspectors have raised safety concerns in the nation’s aviation sector, LEADERSHIP has learnt. Sources in the aviation sector said the nation’s…
Oil rose more than 1% on Monday as Chinese economic figures and U.S. vaccination rates pointed to a strong rebound in demand in the world’s two largest economies. Investors remain…
The U.S. dollar extended gains on Tuesday, partially unwinding a month long decline as investors weighed chances that interest rates will be forced higher by a roaring U.S. economic recovery…
The Federal government says the Lekki Deep Seaport will be a significant game-changer in Nigeria’s Maritime economy with corresponding benefits to the West and Central sub-regions of Africa. The Permanent…
THE Federal Government is set to arraign about 400 alleged Boko Haram sponsors and financiers arrested in a nationwide operation last month. The businessmen, who included bureau de change operators,…
Foreign portfolio investment in the Nigerian stock market dropped by eight per cent in the first quarter of 2021 to N60.11bn from N65.27bn in the same period of 2020. Foreign…
The country’s external reserves lost $350m in two weeks, falling to $34.9bn on April 29 from a high of $35.25bn as of April 16. Figures obtained from the Central Bank…
By product category, the global betting market can be broadly segmented into lottery sports, casinos and games and online betting. Due to the high popularity of lotteries globally, this was…
The Nigerian Investment Promotion Commission (NIPC) has said more jobs may be coming as some investors have committed to investing a total of $8.41billion into various sectors. Its Executive Secretary,…
The Nigerianization process at the shipping arm of the Nigerian Liquefied Natural Gas, NLNG,has reached 84 percent while the NLNG Ship Management Limited, NSML is now at 85 percent and…
Cryptocurrency enthusiasts are scaling up price targets for Ether after the second-largest token’s record-breaking run, an echo of the unbridled optimism that accompanied an earlier surge in Bitcoin. The token…
Australia’s central bank left its key rates at near zero for a fifth straight meeting on Tuesday and pledged to keep policy super loose for a prolonged period even as…
The Managing Director/Chief Executive, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has said he is prepared to canvass for the adoption of export business accelerator programme to speedily…
ECONOMY Investment analysts have blamed foreign exchange (forex) scarcity and concerns around the possibility of ease of repatriating funds out of the country as cause of the dwindling Foreign Portfolio…
Nigerian government has extended the ongoing national identification number (NIN) and subscriber identity module (SIM) integration exercise till June 30. Isa Pantami, minister of communications and digital economy, announced this…
Trade facilitation stakeholders in Nigeria are optimistic that the African Continental Free Trade Area (AfCFTA) agreement would provide the opportunity for the country to meet its aspiration of economic diversification…
A 1% slide in sterling led Friday’s month-end shakeout of short dollar positions, turning positive GBP technical signals neutral. If the Bank of England disappoints the hawks this week, the…
British kids are receiving less pocket money this year than last as parents have tightened their belts through the pandemic. Wealth For You Help us deliver more relevant content for…
The Nigerian National Petroleum Corporation (NNPC) sold crude oil worth N267.59 billion in February, while its total daily production stood at 1.42 million barrels per day in the first quarter…
A recent review of the status of Nigeria’s banking industry at the backdrop of the adverse impact of COVID-19 on the overall economy has indicated sound fundamentals. But the policy…
The financing required to rebuild economies in African nations following the coronavirus pandemic gives the continent an opportunity to boost its share of Islamic financing. Sub-Saharan Africa Islamic finance assets…
Nigerian traders in Ghana have urged the Federal Government to take urgent steps to stop the harassment Nigerians living in that country are being subjected to by Ghanaian authorities. Mr…
Nigeria and other emerging markets whose economies were hit by Coronavirus (COVID-19) should take more loans to pave the way for their quick recovery from the effects of the pandemic,…