Real Time Financial News Website
All capital market operators must complete the annual renewal of their registrations by January 31, 2023, according to Securities and Exchange Commission (SEC), Nigeria’s top capital market regulator. The annual…
In an effort to reduce the use of cash, Nigeria’s central bank significantly raised the weekly withdrawal caps it had set. The weekly withdrawal limit for individuals has increased from…
The high cost of food in the nation has been attributed by the Nigerian Maritime Administration and Safety Agency to the cost of war-risk insurance on ships and cargoes traveling…
According to Seaports Terminal Operators of Nigeria, which represents terminal operators working in the country’s maritime industry, the port concession from 2006 has allowed Nigeria to save $16 billion over…
As the Federal Government proposed a last-minute supplementary budget for the 2022 fiscal year, Nigeria’s domestic debt increased to N22.57 trillion. The N819. 5 billion supplementary budget for the 2022…
The International Monetary Fund’s (IMF) board has approved the disbursement of $447.39 million to Kenya after a review of its lending programme. The fund stated in a statement that progress…
Amazon’s market value decreased by $1 trillion this year as a result of a stock market selloff, which was sparked by a combination of tightening monetary policy, rising inflation, and…
A day after Ghana announced it would stop making debt payments, the global rating agency S&P cut the country’s sovereign rating from CC to “selective default.” S&P Ratings did not…
According to German Foreign Minister Annalena Baerbock, Germany has returned 20 Benin Bronzes from its museums to Nigeria, making it the most recent European nation to do so. The handovers…
Due to widespread pipeline vandalism and criminal oil theft in the Niger Delta region, major crude oil producers in Nigeria have drastically reduced their output. However, senior government officials claim…
Final agreement has been reached between the federal government and the 36 governors of the states to sell five power plants as part of the National Integrated Power Projects and…
Between January and November 2022, Nigeria’s production of crude oil fell by 6.9 million barrels per day (bpd). This is stated in reports obtained from the Nigerian Upstream Petroleum Regulatory…
According to data from the Nigeria Inter-Bank Settlement System (NIBSS), bank customers in Nigeria transferred a total of N2. 1 trillion via mobile transactions in November 2022. The November figure…
According to data from the nation’s local bourse, retail transactions in the Nigerian Exchange rose by 10. 69% to N26.62 billion in November. The retail transactions increased from N24. 05…
The Capital Markets Authority (CMA) has issued four licenses to banks and financial intermediaries as investment advisers, authorised depositories and forex trading brokers aims to create a secure investment environment…
Following the shilling’s historic low against the dollar, which created the conditions for higher import costs and inflation, Kenyans are now facing more expensive household budgets. Living expenses are anticipated…
According to the Federal Government, N4 trillion will be needed in 10 years to fund the gas expansion plan. The Federal Government’s energy transition plan includes a plan for gas…
Oil prices increased after dropping by more than $2 a barrel in the previous session as hopes for the Chinese economy outweighed worries about a possible global recession. After Beijing…
Four hydropower projects with a combined capacity to add 110 megawatts of electricity to the national grid were finished, the Federal Government announced on Monday. It also declared that 11…
The government has temporarily stopped paying a number of foreign debts to organizations that have extended loans to the nation. These debts include commercial term loans, the majority of Ghana’s…
Gold prices increased 1% to over $1,800 as the dollar fell following the Bank of Japan’s unexpected policy change and markets also considered the outlook for the U.S. Federal Reserve’s…
In the third quarter of 2022, the federal government collected over N625.39 billion in Value Added Tax (VAT). The National Bureau of Statistics (NBS) released a report that shows that…
A historic worldwide agreement to safeguard the environment and channel billions of dollars toward conservation was accepted by the United Nations, but important African countries, which are home to significant…
At the end of the third quarter of 2022, the insurance industry in Nigeria had N2. 3 trillion in total assets. This information was released by the National Insurance Commission…
After the government declared, it will stop making payments on Eurobonds, foreign commercial loans, and some bilateral debt, Ghana’s sovereign dollar bonds fell more than 2 cents in value. According…
In the midst of tense trading activity on the cryptocurrency market, the price of Bitcoin (BTCUSD) increases moderately. BTC’s price is currently trading at $16,724, up 0.23 percent. The Shiba…
The Securities and Exchange Commission (SEC) authorized the Rules for Listing on the NGX Technology Board on December 15, 2022. The NGX Technology Board is a specialized listing and capital-raising…
According to Central Bank of Nigeria (CBN) records, the amount of outstanding consumer credit in Nigeria decreased by 6.78% from N2,073.76 billion in December 2021 to N1,933.18 billion at the…
The shareholders of MTN Nigeria Plc have authorized the cancellation of 7. 5 billion unissued shares in order to meet the deadline of December, the company has announced. The telecoms…
Isa Pantami, Nigeria’s Minister of Communications and Digital Economy, met with American representatives of international technology companies in an effort to fortify collaborations for the growth of the country’s digital…