Real Time Financial News Website
The President, Major General Muhammadu Buhari (retd.) revealed that the Federal Government; between 2015 and 2022, completed at least 266 projects. According to a statement signed by his Special Adviser…
More than half of Safaricom’s executives have quit the telco over the past two years; allowing CEO Peter Ndegwa who replaced Bob Collymore in April 2020 to build his own…
Government suppliers are planning to file a class action suit over arrears owed by parastatals, ministries, counties and other State agencies; which form the bulk of the country’s more than…
Kenya’s official foreign reserves have fallen to Sh941.5 billion ($7.953 billion) in the week ended July 14; with the import cover dropping to the lowest level in a year at…
CIC Insurance Group has postponed the sale of its subdivided 200-acre land in Kiambu to next month after the August General Election. The land was subdivided into quarter-acre plots after…
The African Development Bank (AfDB) Group’s Board of Directors has approved 24; fast-track programmes to help the continent mitigate rising food prices and inflation caused by Russia’s war in Ukraine,…
The International Finance Corporation (IFC) is channelling billions of shillings into Kenyan small businesses and women-owned enterprises through strategic loan partnerships with banks; plugging a gap in the local credit…
Dangote Industries Limited (DIL), one of the leading, diversified and fully integrated conglomerates in Nigeria and Africa; yesterday announced the successful completion of its N187.6 billion Series 1 Bond Issuance.…
A wire fraud suspect, Fatade Idowu Olamilekan, who is on the wanted list of the Federal Bureau of Investigation (FBI) was on Thursday July 14, 2022, extradited to the United…
The Monetary Policy Committee of the Central Bank of Nigeria raised the Monetary Policy Rate from 13 % to 14%. This came barely two months after the MPC, during its…
The Nigerian National Petroleum Company Limited on Tuesday made it clear that it would no longer remit any money; to the Federation Accounts Allocation Committee for sharing to the three…
Nigeria will continue its $3.5bn civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings against the companies; a lawyer representing Africa’s largest crude producer said.…
Billionaire investor and philanthropist, Ken Langone has pointed out three core business principles that worked for him during his career. He told CNBC in an interview that aired on Mad…
The decision of the Monetary Policy Committee (MPC) to raise the Monetary Policy Rate (MPR) to 14% from 13% had a negative impact on the stock market on Tuesday. The…
Crypto hedge fund, Three Arrows Capital, popularly known as 3AC, according to court documents, owed 27 crypto companies $3.5 billion. The court documents were published by 3AC’s liquidators. The largest…
The exchange rate between the naira and the US dollar closed at N424.17/$1 at the official Investors. Naira appreciated significantly against the US dollar at the official market, with a…
The Oil and Gas Index which emerged as the best performing index has gained 64.42% year-to-date. The Nigerian Stock Market is leveraging from the rise in crude oil prices, especially…
Despite the increase in the U.S. inflation rate to 9.10%, a multi-year high; the cryptocurrency market capitalization has reclaimed its trillion-dollar status; doing so in the face of worrying macroeconomic…
The Central Bank of Nigeria during its monetary policy committee briefing has revealed that the increase recorded in Nigeria’s external reserve was due to inflows from non-oil sources. According to…
The Federal Ministry of Water Resources has state that it will not be deter by backlash on the propose Water Resources Bill. Adding that the reforms in the water resources…
According to WHO, coronavirus cases have tripled across Europe in the past six weeks, accounting for nearly half of all infections globally, while hospitalization rates have also doubled. In a…
Flutterwave, Africa’s leading payments technology company, is officially announcing the launch of The Flutterwave Graduate Trainee Programme. This programme aims to nurture 200 young Nigerians by teaching them technically, and…
Choo Kyung-ho, South Korea’s finance minister has shrugged off the short-term dangers of capital outflows from the Asian financial system as gaps in world charges widen. At the Group of…
Digital assets custody provider BitGo has registered to operate in Italy, alongside several other crypto companies. According to documents from Italian financial regulator Organismo Agentie Mediatori (OAM), the company’s German…
Another phishing scam has hit the non-fungible token (NFT) community, with the latest target being the twitter accounts of NFT influencer Zeneca. The compromised Twitter and Discord accounts linked to…
Chinese banks held their main lending rates steady in the absence of more easing from the central bank, which is trying to strike a balance between preventing faster inflation and…
Nigeria will continue its $3.5 billion civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings against the companies. The West African country, which joined the…
The International Monetary Fund’s board approved a $1.05 billion extended credit facility for Tanzania and plans to disburse $151.7 million immediately. The financing is the nation’s first IMF policy-reform funding…
Power supply will drop by 50 megawatts, the Transmission Company of Nigeria; said the drop would be because of planned annual “preventive maintenance” on the line bay at Lekki Transmission…
The dormant primary equities segment of the Nigerian capital market has prompted listed companies; to rely on the bond market for fund raising as six Nigerian companies issued corporate bonds…