Real Time Financial News Website
Despite a persistently gloomy market caused by the run-up to the 2023 general elections and an increase in interest rates; Geregu Power Plc experienced optimism following yesterday’s listing, resulting in…
According to the Nigerian Ports Authority, between 2011 and 2022, it transferred N490. 229 billion to the federal government’s consolidated revenue fund. Mohammed Bello-Koko, the managing director of NPA, stated…
According to projections, the Nigerian economy would contract in 2023, falling to 3.2% (from 3. 3%), and remain at this level in 2024. From 1. 9 percent, growth will drop…
The rise in the return on equity, which is a sign that the Fund is managing investors’ money successfully, has led to NPF Pension Managers’ Limited’s profit reaching a five-year…
In order to demand a salary increase that keeps pace with skyrocketing inflation, well over 300,000 members of Britain’s largest nurses union will start voting on a strike. The state-funded…
Nigerians will no longer be granted visas on arrival in Ethiopia, according to a government announcement. This was announced in a statement sent by the East African country to its…
Geregu Power Plc will be listed on the Nigerian Exchange Group (NGX)’s Main Board. According to NGX, 2.5bn shares of the company will be listed by introduction. Geregu Power, a…
The Nigerian National Petroleum Company Limited (NNPC) claims to have discovered a loading port; and a 4-kilometer (km) illicit pipeline that ran unnoticed for nine years from the Forcados terminal…
The second quarter of 2022 saw an uptick in Ghana’s economic growth to 4.8% from the first quarter’s 3.4%. The Ghana Statistical Services revealed this. The growth came as a…
A major barrier to the operation of enterprises is the multiple exchange rate system and restricted access to foreign exchange. The many currency systems and intrinsic volatility of Nigeria hinder…
The growing debt service-to-revenue ratio in Nigeria, according to the World Bank, is a cause for concern.The bank estimates that by the end of 2022, the debt service to revenue…
Aminu Umar-Sadiq is the new Managing Director/Chief Executive Officer (CEO) of the Nigeria Sovereign Investment Authority with the approval of President Muhammadu Buhari (NSIA). These come following the tenure of…
The US Treasury Dept’s Financial Stability Oversight Council (FSOC) has concerns on cryptocurrencies; and also their ability to affect the country’s existing financial system. The Dodd-Frank Act created the council…
Notwithstanding demands from the United States and others to generate more oil, OPEC+ appears prepared to significantly reduce its oil output objectives. Due to concerns about a worldwide economic slowdown,…
Initially intended to be a Project 949A Antey submarine, the nuclear submarine BS-329 Belgorod came to live. The longest submarine in use right now is a 184-meter vessel. On July…
After a surprise stronger U.S. Inflation reading for August bolstered predictions for more astronomical Federal Reserve rate rises, oil investors languished in yet another; which served as the final trading…
The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Mele Kyari, said that the NNPC’s corporate profit after tax increased from N287 billion in 2020 to N674 billion in…
According to Politico Europe, which cited diplomatic sources, the EU has tentatively agreed to set a price ceiling on the export of Russian oil to other nations. Despite being supposedly…
On the black market, the naira-to-dollar exchange rate has further depreciated to a record low, trading at a minimum of N740/$1. FX traders claim that the declining currency might be…
Sen. Okiya Omtatah of Busia filed a case 2018 opposing the introduction of a tax on petroleum products; but the High Court has dismissed it. Mr. Omtatah claimed that the…
The Central Bank of Nigeria (CBN) increased its main monetary policy rate by 150 basis points (bps) on September 27. 5%, but also banks’ cash reserve requirement to a minimum…
Elon Musk, the founder of Tesla and SpaceX, unveiled a prototype robot dubbed “Optimus”; that will likely be produced in huge quantities for less money than a Tesla automobile. At…
Tokyo officials allege that North Korea has launched a ballistic missile over Japan for the first time since 2017. The alleged event comes after a rush of recent releases that…
In order to penalize oil and gas companies operating in the nation for gas flaring, the Federal Government levied a $294 million punishment on them. According to The National Oil…
September saw a 3.12% monthly decline in the market capitalization of cryptocurrencies, falling from $973. 9 billion at the start of the month to $943.5 billion by the conclusion. However,…
The Nigeria State Action on Business Enabling Reforms (SABER) Program-for-Results will be support by a 750 million International Development Association (IDA) credit; which was authorized by the World Bank. The…
Under the condition of regulatory approvals, Daystar Power has declared that it will be bought by Shell; this is to help commercial and industrial (C&I) enterprises in Africa reduce their…