Real Time Financial News Website
According to the organization’s Monthly Oil Market Report for November, which looked at oil production results in October, Nigeria is now ranked seventh among countries that export crude oil. Nigeria’s…
As Bill Gates cautioned that the Ukraine crisis was lowering the amount of aid moving to the region. The Bill & Melinda Gates Foundation said that it was investing $7…
The Zaporizhzhya Nuclear Power Plant (ZNPP) in Ukraine saw powerful explosions that “abruptly ended a period of relative tranquillity” there. IAEA specialists on the ground claimed that more than a…
Nigeria’s projected real GDP growth for 2022 has been lowered by the International Monetary Fund from 3. 4% to 3%, citing poor oil output and the negative consequences of recent…
In order to increase the inflow of foreign money into the economy, the Central Bank of Nigeria (CBN) has been requested by the International Monetary Fund (IMF) to relinquish control…
Nigeria’s first crude oil well will be launched and inaugurated by President Muhammadu Buhari. This marks the beginning of the validation phase of northern Nigeria’s first integrated oil development project.…
According to an agreement reached on August 23 between the two governments to repatriate assets the United States forfeited that could be linked to the kleptocracy of former Nigerian dictator…
In order to allow bank customers to exchange their old naira notes for new ones, the Central Bank of Nigeria (CBN) has ordered all commercial banks in the nation to…
Jeremy Hunt, the head of the Treasury, pledged to increase funding for essential public services like health and education while simultaneously imposing tax increases and spending cuts totalling 55 billion…
According to the National Bureau of Statistics (NBS), 133 million people in Nigeria (63% of the population) are multidimensionally poor. According to the research, more than half of Nigeria’s population…
The Fund was initially introduce in 2017 as a N1 billion Solar Energy Fund for Micro, Small, and Medium-Sized Businesses (MSMEs). The objective was to assist in addressing the difficulties…
The African Development Bank Group’s Board of Directors approved a $20 million equity investment in Evolution Fund III. A pan-African clean and sustainable energy private equity fund that will invest…
“There can’t be a digital economy without power. According to Adesina, while Nigeria’s population was expanding dramatically, the infrastructure needed to provide essential services that would act as the primary…
The redesign of naira notes, according to Abdulrasheed Bawa, head of the Economic and Financial Crimes Commission (EFCC), may cause the dollar to drop below N200. President Muhammadu Buhari was…
A Memorandum of Understanding (MoU) for the processing and sale of rice both locally and internationally has been signed between the Tiamin Rice Company and the Rice Farmers Association of…
Federal Ministry of Finance’s Phil Abiamuwe-Mowete, Director for Information and Press, described Project Lighthouse as a “data driven artificial intelligence engine that provides the ministry with intelligence and profiling platform…
According to bond auction data issued by the Debt Management Office (DMO), the federal government borrowed N2. 94 trillion through the FGN Bond Market between January and November of 2022…
The management of Interswitch, Africa’s top integrated payments and digital e-commerce firm, conducted an engagement session for its clients and important stakeholders in the country’s South West as part of…
The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), a unit of the World Bank, have established the National Collateral Registry (NRC) as a financial infrastructure to…
In 2016, Nigerian banks experienced a cutoff in their trade lines with overseas correspondent banks as a result of a mounting backlog brought on by currency shortages. Investor Service adopted…
Mrs. Zainab Ahmed, the minister of finance, budget, and national planning, reaffirmed that the federal government will start gradually eliminating the gasoline subsidy in June of 2019. Ahmed said that…
United Bank for Africa (UBA) Plc. Africa’s Global Bank, has reaffirmed its commitment to the expansion of Small and Medium Enterprises (SMEs) throughout the continent. This is seen by the…
One of the largest power projects in Nigeria, a 1,650 megawatt (MW) hydropower facility. With a $3 billion price tag has been cleared for development. The project will be located…
The capacity of Nigeria might have increased by 22 million tonnes annually due to two significant LNG projects, Brass LNG and Olokola LNG. According to oil and gas expert Jide…
For October 2022, Nigeria has remained the third-largest crude oil output in Africa. Algeria, Angola, and Nigeria are the top three crude oil producers in the continent as of October…
According to the National Bureau of Statistics, the rise in gasoline prices, the dearth of foreign currency, and the interruption in the food supply chain drove headline inflation to a…
According to Airtel Africa, the Nigerian Communications Commission (NCC) should reserve a spot in the 3. 5GHz spectrum for the company at a cost of $273. 6 million, which was…
The sanctuary In choppy trading, the U.S. Dollar strengthened as markets assessed geopolitical concerns in the wake of the news that a Russian-made missile had struck NATO member Poland. Even…
The cost of living issue in Britain is becoming worse, and as a result, inflation has accelerated to the highest pace in 41 years, according to government figures released. The…
Telecommunications companies have expressed their opposition to MTN Nigeria’s request to participate in the upcoming 5G spectrum auction. MTN’s intention to obtain additional Fifth-Generation spectrum in the upcoming 5G-spectrum auction…