Real Time Financial News Website
The Kogi State Government and Chinese investors have signed a Memorandum of Understanding to provide technology security architecture for monitoring movement into and out of the state from a centralized…
According to the Impact Africa Summit, pharmaceutical R&D and clinical trials will be discussed in Africa. Adebukunola Telufusi, Executive Director of IAS, stated at a press conference that the summit’s…
The Central Bank of Nigeria (CBN) has stated that it has no plans for a new note, clarifying its position on the introduction of the N5000 note. Umar explained that…
As the government pursues a debt exchange program to meet the requirements for a loan from the International Monetary Fund, domestic bond holders will see significant interest rate reductions and…
In order to implement the provisions of the Anti-Money Laundering, Combating the Financing of Terrorism, and Countering Proliferation of Weapons of Mass Destruction Financing (AML/CFT/CPF) regulations, the Central Bank of…
According to Timipre Sylva, Nigeria’s oil minister, the country expects to stop importing petroleum products before or around the third quarter of 2023. By the end of December, according to…
To encourage investment in Nigeria’s capital market, the Institute of Capital Market Registrars has called for proper identity management. This was stated in a statement released in Lagos by Mr.…
Through collaboration with the Economic and Financial Crimes Commission, the Revenue Mobilisation Allocation and Fiscal Commission claims to have found $205. 01 million that oil and gas companies had failed…
According to the Central Bank of Nigeria, non-oil export proceeds returned to Nigeria increased significantly from $3. 1 billion in 2021 to $4.987 billion in 2022. The bank added that…
Given the continued scarcity of the product, Premium Motor Spirit, also known as gasoline, could reach N400 per litre at the majority of gas stations before the end of this…
The Center Bank of Nigeria (CBN) reported that it has given tenacious Nigerian exporters incentives totaling N81 billion. At the 2nd Edition of the RT200 Biannual Non-Oil Export Summit, held…
The Manufacturers Association of Nigeria (MAN), has warned that the Federal Government’s proposed 20% Ad-Valorem Excise Tax on non-alcoholic Beverages is likely to result in a 0. 43 percent output…
Ghana’s transport minister, has urged the freight forwarding industry to work on harmonizing and standardizing shipping line fees, negotiating for minimum service standards, and creating a robust regulatory framework for…
DataPro, the Technology-Driven Credit Rating Agency, assigned Sterling Bank Plc a long-term rating of “BBB+” with a Positive Outlook for the year 2021/2022. The “BBB+” rating denotes Slight Risk, according…
According to Liezl Human of GroundUp, the French energy company, TotalEnergies is getting ready to submit its final application for authorization to dig up to five oil or gas wells…
Despite efforts to overcome challenges in the rapidly evolving industry, Bitfront, a U.S. Crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and…
The federal government has made the fulfillment of Nigeria’s Energy Transition Plan. A condition for achieving its goal of releasing 100 million Nigerians from the chains of poverty (ETP). The…
The average retail price of Automotive Gas Oil (AGO), often known as diesel, which many Nigerian companies used to power their producing facilities in October 2022 according to NBS statistics,…
At the eighth and final UK-Nigeria Economic Development Forum, both parties reaffirmed their shared interest in pursuing a prospective Enhanced Trade and Investment Partnership, with the total value of goods…
After the organization in charge of managing southern Africa’s largest dam ordered the halt of electricity production at its major hydro plant due to a water deficit, Zimbabwe’s ongoing power…
Kenya’s Centum Investment (CTUM. NR), which reported a larger first-half loss, said it would buy back up to 10% of its issued shares. The organization, which makes investments in both…
The offer period for the federal government’s continuing sovereign Sukuk is coming to an end. Therefore, investors are scrambling to submit their applications before the deadline. For the purpose of…
A gold mining boom in Burkina Faso over the last decade propelled Boukary Diallo from being a vendor on a market stall to running a meat business supplying a mine…
The Horniman Museum in London has formally started the process of returning 72 Benin bronzes to Nigeria. Following agreements between the federal government and UK authorities to restore plundered Benin…
Amazon, a U.S. Online retailer, is closing its wholesale distribution operation in India in order to concentrate more on its core retail business. Its wholesale e-commerce platform, Amazon Distribution, which…
Exxon Mobil Corp (XOM. N) will cease oil production in Equatorial Guinea after its license expires in 2026 and depart the West African nation. The decision to leave is part…
For the nine months ending September, commercial banks’ earnings from foreign exchange trading nearly doubled due to higher demand for the dollar and wider margins. Bank executives attributed the nine…
Allegations that various ministries, departments, and organizations have padded their budgets have been disputed by Mrs. Zainab Ahmed, Minister of Finance, Budget, and National Planning. The National Social Safety Net-Scale…
Through WealthBridge Capital Partners Limited, Pomegranate Nigeria Limited (PNL) has successfully raised N2.25 billion in Al-Ijarah Sukuk 3-year Note. To collect money for the acquisition of 40 new logistic trucks,…
Since NIPCO Gas Limited signed an agreement with the NNPC Gas Marketing Limited (NGML) and Lekki Free Zone Development Company (LFZDC) to develop gas infrastructure along the axis for power…