Real Time Financial News Website
The usage of Naira cards for international online and Point of Sale (PoS) transactions has been discontinued, according to banks. The banks also set restrictions on how much users of…
The worldwide box office for James Cameron’s “Avatar: The Way of Water” has surpassed $1 billion.The combined $317 million in domestic sales and $712 million from other markets bring the…
The Pre-Exposure Prophylaxis (PrEP) ring, also known as the dapivirine ring, can reduce HIV infection in women by 50% if rigorously adhered to, according to the New HIV Vaccine and…
Due to the conflict in the Ukraine, limited supply, a high dollar, and weaker demand from China, oil had a turbulent year. Oil prices increased and were expected to record…
Despite being one of the few bright spots in a year marred by economic concerns and political unrest, the blue-chip FTSE 100 index in the UK edged lower as defensive…
President Joe Biden completed what he called “a year of historic success” by signing a $1.7 trillion federal budget measure that addresses several administration priorities and prevents a government shutdown.…
The newly listed company on the Nigerian Exchange Group, Geregu Power Plc, lost N8. 2 billion, or 61 percent, of its revenue in the three months that ended in September…
The Federal Government and its partners in various states established 10,053 water supply schemes and projects in urban centers and rural areas, providing potable water to almost 37. 3 million…
The government has ruled out enacting new taxes or raising existing ones in the fiscal year 2023–2024. The action aims to assist the private sector in navigating a challenging economic…
When banks replace their current debt with new bonds that have lower coupons and longer tenors, according to Fitch, they will experience significant economic losses. Despite regulatory forbearance, the two…
Prior to the August election, Kenya flagged more than Sh15 billion in just three years. The High Court later froze these funds due to suspicions that they were the proceeds…
After the International Monetary Fund (IMF) disbursed Sh81. 7 billion, Kenya’s foreign exchange reserves increased to $7.537 billion (Sh925. 6 billion), strengthening the nation’s forex buffer amid rising pressure on…
The National Action on Sugar Reduction Coalition (NASR) is advocating for an increase in the current tax on sugar-sweetened beverages from N10 per litre to N20 per litre. Hon. Yusuf…
According to Laurence Smith, the Chief Operating Officer of Lekki Port LFTZ Enterprise Limited, discussions have begun with potential managers of the liquid berth terminals. Smith, who recently made this…
According to Mohammed Bello-Koko, managing director of the Nigerian Ports Authority, the 25-year port master plans will be completed before the end of the third quarter of 2023. In an…
Following the redesign of the N200, N500, and N1,000 banknotes, the Senate unanimously urged the Central Bank of Nigeria (CBN) to postpone until June 30, 2023, rather than January 31,…
The 2023 budget request was increased by N20.51 trillion to N21. 82 trillion by the National Assembly. Additionally, the National Assembly raised from $70 per barrel to $75 per barrel…
The House of Representatives has requested that the Federal Government halt the planned $250 million auction of Oil Mining Licence 11 after receiving bids of $1 billion through the Nigerian…
According to Somalia’s oil ministry, the country rejected Genel Energy’s (GENL. L) “illegal claim” to oil exploration and exploitation rights in Somaliland, the country’s northern breakaway region. Although Somaliland declared…
The Nigerian Senate raised the budget for 2023 by 6. 4% to 21. 83 trillion naira ($49 billion) and postponed a decision on the president’s request to convert central bank…
Lagosians who live along the Lagos-Badagry Expressway and beyond are thrilled by the prospects that the first phase of the Lagos Blue Rail Line’s infrastructural work brings. The master plan…
The South South Reawakening Group (SSRG) demanded that the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, explain himself against claims that he was sponsoring terrorism. Because his acts…
The Fund for Export Development in Africa (FEDA) of the African Export-Import Bank (Afreximbank) has announced that it has obtained internal clearances to purchase a strategic minority investment in Geregu…
According to Bloomberg News, which cited a source familiar with the investigation, federal authorities are looking into an alleged theft that allegedly siphoned off more than $370 million from cryptocurrency…
The Central Bank of Nigeria (CBN) recently reported that the amount of additional cash deposits that banks had drawn into their vaults over the past year increased to N6.69 trillion.…
Taxpayers have the right to appeal and protest tax obligations imposed on them by any government, according to a tax agency, Ultimate Tax Relief, in Lagos. In an interview with…
43% of German companies anticipate increasing their investments in Africa in the upcoming year, particularly in sectors like green hydrogen and liquefied natural gas. A further 39% of association members…
The Nigeria Immigration Service has earned N438.78 billion in income since 2017. This occurred when the agency’s total internal revenue nearly quadrupled from N38. 53 billion in 2017 to N74.69…
According to a report by the United Nations Conference on Trade and Development, a combination of high food costs and a strong currency is having a detrimental impact on people…
According to the National Bureau of Statistics’ most recent data, which was released, the average price of a plane ticket in Nigeria increased from N37,022.97 in November 2021 to N73,267.57…