Real Time Financial News Website
The total value-added tax (VAT) generated by the Kano state government in the first eight months of 2021 was higher than what was generated by the entire south-east region. The…
Canada has approved the Pfizer-BioNTech coronavirus vaccine for children between the ages of five and 11. It’s the first jab to be approved for kids in that age group, Health…
Aruwa Capital Management, an early-stage growth equity and gender lens fund, has invested in Pngme, a Nigerian financial technology company. Established in 2018, Pngme provides infrastructure that allows financial institutions…
President Nayib Bukele said El Salvador plans to build the world’s first “Bitcoin City”, powered by a volcano and financed by cryptocurrency bonds. Bitcoin City “is gonna include everything: residential…
VoxCroft Analytics, an open-source intelligence and risk analytics venture with operations in South Africa and the US, said Thursday it has raised $2 million in Series A funding from Knife…
According to a 2019 report by Deloitte, about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African…
Cape Town-based investment firm H1 Holdings, which has inked a joint venture with an independent power producer in South Africa, has received financial backing as it moves ahead with one…
Nigeria’s trade deficit declined to $340m in July from $2.4bn in June, figures obtained from the Central Bank of Nigeria revealed on Sunday. The apex bank disclosed in its July…
Africa-focused private equity firm Amethis said Tuesday it has made its second investment from the new fund that invests in North Africa and part of the Middle East. Amethis MENA…
Amid the steady decline in headline inflation rates over the past few months, analysts have predicted an uptrend for the last two months of the year as the festive season…
The National Drug Law Enforcement Agency (NDLEA) says it has arrested a Brazil based drug dealer, Okafor Moses in connection with over 2.55 kilograms of cocaine. This is contained in…
Remittances to low- and middle-income countries are projected to have grown a strong 7.3 per cent to reach $589 billion in 2021. This return to growth is more robust than…
Seven deposit money banks in Nigeria generated the sum of N403.6bn in nine months from fees and commissions, 24.7 per cent higher than the N303.9bn recorded in the same period…
Apple Inc. venturing into cars might shake up the electric vehicles market in the same way the iPhone revolutionized the mobile communications industry in 2007. So says Morgan Stanley. The…
The Federal Government has announced the commencement of dry season wheat cultivation to produce 10,000 metric tonnes of the commodity and reduce its imports. The government announced this through the…
The Central Bank of Nigeria has said borrowers who divert the funds provided under the Agricultural Credit Guarantee Scheme may earn a five-year jail term. The CBN said this in…
Charging points for electric vehicles will be required to be installed in new buildings in Britain from next year under new legislation to be announced by Prime Minister Boris Johnson,…
Indian police said on Saturday they had charged senior executives of Amazon’s local unit under narcotics laws in a case of alleged marijuana smuggling via the online retailer. Police in…
The net foreign exchange inflow into the Nigerian economy rose slightly to $2.77bn in July from $2.27bn in June, the Central Bank of Nigeria said in its report on forex…
MegaMillions Naija has launched a global jackpot lottery in Nigeria to drive access to lottery games that will give the opportunity to Nigerians to participate and win millions of naira…
The Central Bank of Nigeria has said farmers must have an insurance cover for loans to be disbursed to them under the Agricultural Credit Guarantee Scheme Fund. The CBN said…
Investors in the equities market of the Nigerian Exchange Limited saw an N18.05bn weekly loss at the end of trading on Friday as 49 firms’ share prices closed lower. The…
Gopher Investments, the No.2 shareholder in Playtech, walked away from a potential three-way takeover battle for the British gambling software maker on Friday, saying it was committed to a separate…
China Evergrande’s electric vehicle division is raising about HK$2.7 billion ($347 million) from a share sale to fund production of new-energy cars, it said on Friday. China Evergrande New Energy…
China’s market regulator on Saturday said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities,…
After rising by a record $5.05bn last month, Nigeria’s external reserves dropped by $410m in the past 17 weeks, the latest data from the Central Bank of Nigeria have shown.…
The International Monetary Fund said on Friday that the Nigerian government should remove fuel and electricity subsidies completely early next year and implement revenue-based fiscal consolidation. The IMF, in a…
Limited transparency will delay critical debt reconciliation and restructuring of the poorest countries, the World Bank Group President, David Malpass, has warned. He argued that improving debt transparency required a…
Starting next year, Apple will sell to its customers using iPhone 12 and 13 “parts, tools, and manuals” to repair the smartphone in the comfort of their homes. The ‘”Self…
Microsoft, on Wednesday, hosted a virtual digital transformation roundtable for financial services industry (FSI), where it unpacked its digital transformation initiative to accelerate meaningful transformation for Nigeria’s financial services providers…