Real Time Financial News Website
Nigeria’s non-oil exports have fallen by 39% from N6.914tn to N4.194tn in10 years, according to an analysis of the National Bureau of Statistics’ Foreign Trade Statistics by Financial PUNCH. Specifically,…
According to data from the Nigeria Inter-Bank Settlement System portal, about N54.98tn was processed through Nigeria’s electronic channels in the first 2months of 2022. This is a 45.49% increase from…
The World Bank has advised Nigeria and other African countries to focus on digital development as too many of Africa’s expanding youth population will be denied the opportunity to live…
Lekoil Nigeria Limited has filed a petition in the Grand Court of Cayman Island Court to request a its “Just and Equitable” winding up to avert value loss by shareholders…
In line with its economic diversification blueprint, the Central Bank of Nigeria (CBN) released N19.15 billion to finance 5large-scale agricultural projects under the Commercial Agriculture Credit Scheme. The latest effort…
Shareholders of Custodian Investment Plc have authorized the board of the company to raise additional capital as part of its strategic growth. Last weekend, shareholders approved resolutions empowering directors of…
The NNPC has revealed that the country recorded about $868.5 million or N361.43 billion from gas export in 2021. The domestic gas sale revenue within the period was N13.36 billion.…
The Group MD of the Nigerian National Petroleum Company Limited, Mele Kyari, has shown the House of Representatives Committee on Petroleum Resources (Upstream), in photos and videos, the vandalization and…
Strong indications emerged yesterday that the Federal Government of Nigeria may have finally taken over the management of the Unclaimed Dividend Trust Fund after years of discordance. The development confirms…
The government is set to exempt locally assembled passenger cars from Value Added Tax and excise taxes. This is a move that could see prices of automobiles fall by hundreds…
The International Monetary Fund (IMF) has explained why dollar scarcity persists in emerging economies, especially sub-Saharan Africa. In an emailed report, Tobias Adrian, the Financial Counsellor and Director of the…
CURRENCY in circulation fell by N42.43bn between January and March, figures obtained from the Central Bank of Nigeria have revealed. The CBN revealed in its data on currency that the…
The CBN of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country The imposed fine was for violating regulations barring customers from transacting in cryptocurrencies.…
The Federal Government said that the existing trains of the Nigeria Liquefied Natural Gas company are witnessing insufficient gas supply, noting that this is why NLNG trains cannot produce at…
According to the Global Index retail in 2022 CBDC projects have reached greater maturity levels than wholesale projects. Research indicates more than 80% of central banks around the world are…
About 37 million telecoms subscribers across all networks have been affected by the recent order given to telecoms operators. The federal government authorized the deactivation of all SIM cards that…
The total international trade in agricultural goods in the country stood at N3.24tn in 2021, with the import value exceeding export value by N2.23tn, findings have revealed. Despite interventions by…
Managing Director of SPDC and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, stated this in his presentation at the 2022 Society of Petroleum Engineers(SPE) Oloibiri Lecture Series and…
British transport minister Grant Shapps said on Saturday he has prevented the use of another private jet that has links to Russian oligarchs. We won’t stand by and watch those…
The Federal Government’s new borrowing allocations rose by 278.03 per cent or N4.03tn between 2015 and 2021. This was disclosed in the presentation of the public debt data as of…
A new international travel guideline has been issued by the Presidential Steering Committee (PSC) on COVID-19, removing mandatory Polymerase Chain Reaction (PCR) testing for fully vaccinated visitors and stiff penalties…
The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial Development Income Tax Act in 2021. This was contained in the quarterly PSI reports released…
The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes deposited with the apex bank by Deposit Money Banks. To this end, the CBN has…