Real Time Financial News Website
The Federal Government, yesterday, closed bidding for four major airports with a plan to announce new concessionaires soon. Announcing the closure of Request for Qualifications (RfQ) phase of the Nigeria…
As the Federal Government, in Abuja, harped on diversification of foreign exchange sources through export of manufacturing products yesterday investors in the country’s manufacturing value chain insisted that a mismatch…
The Federal Government has begun the process for the valuation of property belonging to several politically exposed persons, including the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke. The Diezani…
Tesla shares jumped for a fourth straight session on Monday, bringing the market capitalization for the electric-vehicle maker above $1 trillion for the first-time ever. The stock rose as much…
Nigerians displayed massive interest in the Central Bank’s eNaira initiative downloading over 200,000 wallets in 24 hours. This is according to information from sources in the Apex Bank with knowledge…
Honor, the smartphone brand Huawei spun off last year, has launched its first smartphone overseas since becoming an independent company, complete with access to Google software and Qualcomm chips. The…
The volume of activities on the shares of FBN Holdings Plc, the parent company of First Bank Nigeria Limited rose sharply by 127 per cent to 350,541,662 on the Nigerian…
The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from employees’ monthly emoluments but not remitted to the Retirement Savings Accounts with their respective Pension…
Sterling rose slightly on Monday but remained within recent ranges as analysts said concerns about economic growth and inflation limited its gains from expectations that the Bank of England will…
President Muhammadu Buhari has launched the Central Bank of Nigeria (CBN) digital currency, the e-Naira. While launching the digital currency, at the State House,Abuja, this afternoon, the president commended the…
Vendease, an agri-tech startup that lets restaurants and other food businesses buy supplies directly from manufacturers and farms, has secured a $3.2 million seed round. The funding round was led…
United Bank for Africa, UBA Plc has recorded N490.3 billion gross earnings for the third quarter ended September 30, 2021 (Q3’21), representing eight percent increase over N454.4 billion posted in…
On Monday, President Muhammadu Buhari unveiled eNaira, Nigeria’s digital currency. At the launch, Buhari said the adoption of the Central Bank Digital Currency (CBDC) and its underlying technology, blockchain, will…
Ecosia, the search engine that uses its ad revenue no to plant trees, has launched a 350 million euro ($405 million) venture capital fund focused on the climate crisis. The…
The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this year. Its Country Director…
Shareholders and analysts in the Nigerian capital market have projected a rise in the share price of FBN Holdings Plc as the tussle for controlling interest by the major investors…
The President, Major General Muhammadu Buhari (retd.), on Monday, launched the eNaira platform. The eNaira is a culmination of several years of research work by the Central Bank of Nigeria…
The Central Bank of Nigeria has finally launched its Central Bank Digital Currency called eNaira on Monday. The eNaira was scheduled to be launched on October 1, 2021, but was…
Telecommunication subscribers are clamouring for a two-month extension of the October 31 deadline for National Identity Number-Subscriber Identity Module data verification. The President of National Association of Telecoms Subscribers, Adeolu…
The Federal Government has said it is working on a bill – the Nigeria Startup Bill (NSB)- that will aid digital economy in the country. The government explained that the…
Newly listed Nigerian Exchange Group Plc traded high at the end of last week’s transaction on the equities sector of the Nigerian Exchange Limited (NGX). It led the gainers’ chart…
The Asset Management Corporation of Nigeria “AMCON” has refused to pay to the aviation agencies N9.6 billion and $2.3 million (totalling N10.5 billion), being five per cent ticket and cargo…
The Federal Government has said it plans to spend about N7.53bn on digitisation and computerisation projects in 2022. According to the 2020 Appropriation Bill, the amount will be expended on…
HSBC on Monday reported third-quarter earnings that handily beat expectations and announced plans for a share buyback of up to $2 billion. The bank’s reported pre-tax profit for the third…
To bridge the nation’s power needs and reduce environmental pollution, the Agence Francaise de Developement (AFD) has staked about $70m to fund renewable energy and efficient energy projects in the…
Payment of salaries by about 33 states of the federation is uncertain as the decision of the federal government to debit local government accounts in commencement of a payment of…
President Muhammadu Buhari will unveil the Central Bank Digital Currency, known as the eNaira, today at the State House, Abuja. The Central Bank of Nigeria had in February barred banks…
The total amount of pension funds invested in banks by Pension Fund Administrators rose to N2.05tn at the end of July from N1.48tn in January. The National Pension Commission disclosed…
U.S. payments giant PayPal said that it is not currently interested in buying social media platform Pinterest. Responding to what it called “market rumors,” the financial technology company said in…
The World Bank has blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in its 2021 fiscal year 2021, a new report has revealed.…