Real Time Financial News Website
According to Mohammed Bello, Minister of the Federal Capital Territory, the right-of-way fee for telecommunications companies wishing to install broadband equipment in green spaces would only cost N14.50. The lowered…
The government of President Muhammadu Buhari is being sued by the Socio-Economic Rights and Accountability Project (SERAP) for “failure to investigate the operations of illegal oil pipelines between 2001 and…
The loans obtained by operators in the country’s construction sector from banks increased from N1. 025tn in January 2022 to N1.157tn in October 2022. According to CBN data, firms borrowed…
Telecommunications’ contributions to the nation’s real GDP increased 10.52 percent year on year, reaching N7.28 trillion in the first nine months of 2022. According to the National Bureau of Statistics,…
Commercial lenders have raised the interest rates they impose on current contracts by 200 basis points, or 2%, up to 30% or more, depending on the bank. Notices have been…
It has been learned that, assuming there is no subsidy, N400/litre is the lowest price at which the Nigerian National Petroleum Company Limited may sell Premium Motor Spirit, more commonly…
Officials announced that the Ivory Coast has finished building a second container terminal at its primary port in Abidjan, opening the door for it to develop into a regional shipping…
From almost US$3.0 billion per month in 2014 to zero dollars now, Nigeria’s official foreign exchange receipts from crude oil sales have progressively decreased. This is according to a speech…
In order to promote partnerships between the two parties, the Tanzania Startup Association (TSA) and the Korean Startup Forum (KSF) have signed a memorandum of understanding (MoU). According to the…
According to managing director of Universal Quest Nigeria, approximately N100 billion was lost by Nigerian farmers in the recent flood that destroyed markets, homes, and farms around the nation. The…
Less than 10% of Kenyan people hold steady full-time work, this highlights the high rates of reliance and poverty in a country where the government is battling a severe unemployment…
In order to demonstrate the sustained recovery of the economy despite additional shocks from high inflation, Equity Bank’s debtors who received loan repayment moratoria totaling Sh171 billion during the Covid-19…
Nigeria’s Gross Domestic Product (GDP) increased by 2.25 percent (year over year) in real terms in the third quarter of 2022, according to data released by the National Bureau of…
The tax burden on Nigerians grew by N285.13 billion in the first nine months of 2022 despite a recession and increasing inflation. According to the National Bureau of Statistics, Nigerians…
The continuous rise in headline inflation from 15.60% in January to 20. 77% in September, according to Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), was consistent with…
Lagos state in Nigeria has selected a group to build a $2. 5 billion bridge that is anticipated to ease severe traffic in the megacity. The group is led by…
An African-focused venture capital firm, LoftyInc Capital Management, has announced the closing of the third iteration of its “Afropreneurs Fund (LAF3)”. The 10 million dollar fund, which was established in…
Through its pan-African AIIF4 Fund, African Infrastructure Investment Managers, AIIM, the continent’s largest specialized infrastructure private equity fund, has pledged to invest $34 million in Kenya’s Road Annuity Programme. From…
Goodwell Investments, a social impact investment company, has established its EUR150 million (US$154 million) uMunthu II fund with the goal of fostering the expansion of inclusive enterprises in the area.…
A formal agreement has been reached for Ethos Private Equity to be acquired by The Rohatyn Group “TRG”. A specialist global asset management company focused on investment solutions in developing…
The chair of the government’s Migration Advisory Committee said that UK Prime Minister Rishi Sunak’s probable proposal to crack down on Nigerians and other foreign nationals obtaining “low-quality” degrees might…
The largest strike in decades, according to the UK’s University and College Union (UCU), is taking place to raise standards in the educational field. The strike will continue on November…
Vice-President Mahamudu Bawumia said that Ghana’s government is developing a new strategy to purchase oil goods using gold rather than U.S. dollar reserves. The decision is intended to address the…
During the third quarter of 2021 and the same period of 2022, the Nigerian GDP shrank by 1. 78 percent. The total nominal GDP for the quarter under review was…
According to speculations, Apple, the biggest tech firm in the world, may be interested in buying the club for £5. 8 billion given that it is now on the market.…
In order to conduct research on the decline of hydrocarbons in the Niger Delta, Green Energy International Limited/LekOil Joint Venture signed a Memorandum of Understanding with the Federal University of…
By 2024, the Central Bank of Nigeria wants 95% of the population to be financially included. The Federal Government has released five strategic policy studies in an effort to achieve…
Recently, the equity market in Nigeria has been at the center of the storm. As the All Share Index fell 6.7% to settle at 44,396.73 points, the lowest since January,…
According to the Federal Government, Nigeria and Canada must collaborate closely to accomplish a number of shared objectives, including enhancing ongoing educational cooperation and boosting commerce. Vice President Yemi Osinbajo…
According to the Centre for Promotion of Private Enterprises (CPPE), the Federal Government can use fiscal changes to lessen economic risks and slow the nation’s soaring rate of inflation. Dr.…