Real Time Financial News Website
The leading producer of cocoa in the world has been impact by the shift in rain patterns. Nearly half of the raw cacao use in chocolate is from Ivory Coast.…
Ghana’s GDP growth prediction for the end of 2022 has been cut from an earlier 3.1% to 2. 6% by the Standard Bank African Markets Revealed (AMR) report. According to…
The largest payment processor in the world, Visa Inc (V.N), said that it was terminating its global credit card arrangements with the defunct cryptocurrency exchange FTX. A Visa representative told…
Twenty African businesses, including three startups from Kenya, will split the $2 million (Sh244 million) grant that was revealed at the climate summit in Egypt. Following their selection as finalists…
A spokesperson for the Nigerian Navy told Reuters that an oil super tanker that had been suspected by the country’s officials of trying to illegally load crude before leaving its…
Micro pension plans are a national emergency system to prevent a rise in the poverty rate and reliance on public finances, according to the Pension Fund Operators Association of Nigeria.…
In light of its intentions to restructure the naira, the Central Bank of Nigeria has vowed to safeguard Nigerians who live in rural, underserved, and unbanked regions. The CBN stated…
The plan to increase grid capacity by the Transmission Company of Nigeria is 90% finished, according to the Nigerian government. This information was provided by the Minister of Power, Mr.…
With plans to increase gas imports from Nigeria to the tune of 22 million tons annually; the most populous country in Africa would have a chance to generate income. According…
Consumption spending in Nigeria increased to N57.08 trillion in the first half of 2022 due to rising inflation. According to the National Bureau of Statistics’ “Nigerian Gross Domestic Product Report…
In the first nine months of 2022, 11 banks charged their clients N714. 61bn in electronic fees and other charges. According to the banks’ nine-month financial reports, this is a…
Elon Musk has fought against the automakers, short sellers, and securities authorities in Detroit. The Tesla (TSLA. O) CEO will face battle in court the next week with a thrash…
Russia is now Britain’s most-sanctioned nation, surpassing both Iran and Libya, according to the Office of Financial Sanctions Implementation. In response to Moscow’s invasion of Ukraine, the British government declared…
Nigeria’s Gross Domestic Product (GDP) grew by 3.54% (year-on-year) in real terms in the second quarter of 2022, according to report by the National Bureau of Statistics (NBS). The NBS…
Peter Obi, the rumored Labour Party presidential contender, is claimed to have invested money in the state government, but according to the governor of Anambra state, Prof. Chukwuma Soludo, such…
The president, Major General Muhammadu Buhari (ret. ), claimed that during his meeting with King Charles III, he informed the monarch that he does not have a home in the…
In an effort to find further avenues for pursuing economic and commercial cooperation on a “win-win basis,” authorities from the East African nation of Uganda said that it plans to…
Ghana’s year-over-year inflation increased to 40.4% in October from 37.2% in September, according to the Ghana Statistical Service (GSS). This indicates that the overall price level was 40.4% higher in…
Gasoline Integrated International announced its willingness to develop a $3 billion refinery in the state’s Tongeji Island, Ipokia Local Government Area, marking a significant step toward Ogun State becoming an…
The Bank Customers Association of Nigeria (BCAN), which represents commercial bank clients, has requested an extension of the deadline for surrendering old currency. The old N200, N500, and N1,000 banknotes…
President William Ruto and his South African counterpart Cyril Ramaphosa announced that the two nations would deal with non-tariff obstacles like licensing red tape, regulation restrictions, and sanctions to open…
According to the Depots and Petroleum Products’ Marketers Association of Nigeria, the problems preventing the supply and distribution of Premium Motor Spirit include unauthorized taxes and charges as well as…
Between January and September 2022, Nigerians made mobile transactions totalling N12. 8 trillion, more than twice as much as what was done during the same time period in the previous…
Elon Musk, CEO of Tesla Inc. (TSLA.O), sold $3. 95 billion worth of shares in the electric vehicle manufacture; according to regulatory filings, only days after finalizing the $44 billion…
According to a top official at OKX, FTX CEO Sam Bankman-Fried requested a $2 billion to $4 billion capital infusion from OKX; right before the news of the now-defunct purchase…
Exchanging cryptocurrencies Following the failure of a rescue from bigger rival Binance, FTX was on the verge of bankruptcy. Sam Bankman-Fried, the company’s chief executive, declared that he was looking…
Toyota Tsusho Corporation (“Toyota Tsusho”) announced that its subsidiary CFAO SAS (“CFAO”) has founded Health54 SAS (“H54”), a corporate venture capital firm that focuses on startup investments in the quickly…
AfyA Care’s Series A capital round will include a $6 million investment from CardinalStone Capital Advisers (CCA); a West African private equity fund manager. According to an EY analysis, the…
To help Sedgeley Solar Energy Namibia (Sedgeley Energy) better capitalize on rooftop solar photovoltaic (PV) potential, private equity company RMB Corvest has invested in Sedgeley Energy. The creative product, track…
For the first time since June of this year, Nigeria’s oil output increased in October to 1. 02 million barrels per day (mbpd), according to the Nigerian Upstream Petroleum Regulatory…