Real Time Financial News Website
According to the UK, there may be a cap on the number of relatives immigrants are to bring to the country. According to government sources, Suella Braverman, the home secretary,…
Nigerian Point of Sales (PoS) terminal transaction volume increased to N735.6 billion in September 2022. As more Nigerians use cashless transactions, this set a new monthly record for platform transactions.…
In an effort to introduce its electric aircraft to global markets, Chinese electronic vehicle manufacturer Xpeng Inc.’ “flying car” performed its first public flight in the United Arab Emirates. A…
Through the National Gallery of Art, the Rhode Island School of Design, and the Smithsonian National Museum of African Art, the United States has given back 23 stolen Benin Bronzes…
Due to theft, Nigeria’s crude oil production output for the year remained dismal in September, with an average of 937,766 barrels per day produced (bpd); This contrasts with the 972,394…
According to data from the National Bureau of Statistics’ (NBS) October 2022 report, the oil and gas industry was one of the top credit allocations for private sector businesses in…
Between January and June 2022, Nigerians received $10.11 billion in diaspora remittances, a 9.6% increase over the $9. 23 billion received during the same time period in 2021. Nigeria’s diaspora…
Nigerians spent $185 million on foreign (medical) health services in the first half of 2022; a 65% decrease from the $528 million spent in the same period in 2021. Nigerians’…
According to the bank’s company secretary, Access Holding Plc’s subsidiary, Access Corporation, completed the deal before announcing that Access Holding Plc’s wholly owned subsidiary Access Bank Plc, had signed a…
Due to the exodus of foreign investors following rate increases in the US, Safaricom’s valuation at the Nairobi Stock Exchange has fallen below the Sh1 trillion threshold. The telco’s share…
The mining sector’s contribution to the GDP climbed to 7.3% last year from 4. 8% in 2018, getting closer to the government’s goals. President Samia Suluhu Hassan stated in her…
Following persistent sell pressure on the equity, Airtel Africa Plc, one of the largest telecom companies listed on the Nigerian Exchange (NGX), posted a loss of N752 billion at the…
Julius Berger Nigeria Plc, ostensibly the most innovative and reputable engineering construction company in the nation, has triumphantly taken home the title of “Nigeria’s Most Valuable Brand in the Building…
Since the beginning of the year, the Ghanaian cedi has lost 72% of its value relative to the US dollar. The Cedi has continued to decline despite Ghana’s central bank…
According to Dr. Ezra Yakusak, Chief Executive Officer of the Nigerian Export Promotion Council, Nigeria’s non-oil export sector generated $2. 6 billion in revenue in the first half of 2022.…
In August 2022, the Federal Government obtained a N1. 46 trillion loan through Ways and Means Advances from the Central Bank of Nigeria. In sum, the FG borrowed N22.07 trillion…
The president said that there have now been 76 fatalities; as a result of a boat accident in the state of Anambra in southeast Nigeria. Officials stated that at least…
The Federal Government of Nigeria has been urged by a group of shareholder associations; to step in immediately and persuade the Kogi State government to stop harassing investors in Kogi…
Security personnel and Former leader Government Ekpemupolo, alias Tompolo, have found a total of 58 petroleum bunker tapping locations on the nation’s oil pipelines in the states of Delta and…
According to official figures, the Canadian economy created jobs in September but did nothing to make up for the losses of the previous three months. The unemployment rate also beat…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) blames the current fuel shortage in Abuja and other neighboring states on fuel trucks’ inability to enter Lokoja routes. This is…
Deep oil production cuts unexpectedly agreed to by OPEC+ this week are expected to benefit Russia the most while restricting supply to the West, which is already suffering from record…
At least 500,000 Nigerians have been impacted by flooding this year in 29 of the country’s 36 states, including Okonkwo. In Benue state, Nigeria’s bread basket, it sits in a…
After being the first country in Southeast Asia to authorize a domestically created COVID shot, Indonesia is in discussions with numerous African nations, notably Nigeria; to export and donate their…
Nigeria now has the fourth lowest budget per capita among the 20 largest African economies; behind only the Democratic Republic of the Congo, Sudan, and Ethiopia. What is left for…
In the past year, Google has invested well over $200 million in Nigeria and other countries in Africa. This was revealed to media at a roundtable online discussion following the…
Financial technology (fintech) businesses, according to CBN Governor Godwin Emefiele, are upending the banking industry. However, according to the CBN governor, interested fintechs can open banks by depositing N25 billion.“As…
Prior to the President presenting his proposed budget for 2023, the Senate adopted the Fiscal Strategic Paper and the 23-25 Medium Term Expenditure Framework. After discussing the report, the Senate…
The executive’s proposal to lower the N3.6 trillion budgeted for subsidies in the 2023 budget to N1. 7 trillion was not in support by the Senate’s finance committee. In the…
In August 2022, there were 210 million active mobile customers, up from 208.6million in July, with a teledensity of 109.99%. This was at the NCC Day of the 17th Abuja…