Real Time Financial News Website
The Nigerian stock market reacted sharply to the interest rate hike, with market capitalisation rapidly falling in comparison to the gain recorded. As a result, stock investors lost N24 billion…
Arvind Pathak has been appointed as the new Chief Executive and Managing Director of Dangote Cement Plc. The new CEO’s tenure will begin on March 1, 2023, according to the…
Following Mafab Communications’ rollout of 5G services in Abuja, fifth-generation technology penetration is expected to rise in Nigeria. This follows the Nigerian Communications Commission’s approval of a five-month extension for…
3M Co (MMM. N) said it would lay off 2,500 workers in manufacturing and forecast a bleak first quarter as the U.S. Industrial conglomerate grapples with slowing demand for consumer…
As the Central Bank of Nigeria’s deadline for the old and new currency notes on January 31, 2023 approaches, the apex bank has encouraged Nigerians to use alternative payment methods.…
The Bank of Ghana, which is grappling with runaway inflation, is expected to deliver another significant interest rate hike at its meeting later this month, with the country’s currency and…
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 100 basis points to 17.5 per cent. The CBN Governor, Godwin…
Customers in Birnin Kebbi flocked to banks to deposit or withdraw money, while several voiced concerns about the new naira notes’ restricted availability. The News Agency of Nigeria conducted checks…
According to a Boston University Global Development Policy Center research, Beijing’s reduction in funding for large-scale oil projects caused loans made by China’s two main trade policy banks to reach…
Rights organizations are urging Meta Platforms to take advantage of the chance to enhance content moderation in Africa after the social media giant’s primary third-party contractor in the continent announced…
Mobile money/Point of Sales agents in Abuja and Lagos have been cut off from the Central Bank of Nigeria’s recently announced cash swap program. The change occurred as the deadline…
The management of the Nigerian Aviation Handling Company has expressed gratitude to its clients for their patience throughout the company’s employees’ strike. The industrial action that the Nigerian Aviation Handling…
The Federal Government predicted that this year will undoubtedly see more flooding in many areas of Nigeria but said that preparations had already started in advance to avoid some of…
Nigeria was the target of “a campaign of bribery and fraud” regarding a failed gas processing project, its attorneys argued before the London High Court as the nation’s appeal against…
Nigeria recently opened a billion-dollar deep seaport in Lagos that was constructed by the Chinese. This port is designed to relieve congestion at the nation’s ports and assist Nigeria develop…
Employees of the Nigerian Ports Authority have expressed delight that the Federal Government has approved a pay increase for them. Erazua Oniha, Deputy Secretary General of the Maritime Workers Union…
According to a new International Monetary Fund report, the effects of extreme weather conditions are harmful to the health of financial systems. It went on to say that the risks…
Kenya’s central bank expects inflation to fall within its target range in the first quarter of 2023 and is satisfied with the country’s current trajectory, according to Governor Patrick Njoroge,…
As the scarcity of Premium Motor Spirit, also known as petrol, persisted, oil marketers predicted that the price of the commodity would exceed N800/litre once the PMS subsidy was removed.…
Financial economists had mixed reactions to the Nigerian National Petroleum Company Limited’s approved plan to invest N2. 52 trillion in federal road reconstruction under the tax credit policy. In response,…
According to the World Bank, 28 million 900,000 people in Nigeria and other West and Central African countries rely on emergency food assistance to survive. Despite a higher-than-average yield in…
Financial experts have expressed varying opinions on the possible outcomes of the rates ahead of the Central Bank of Nigeria’s two-day Monetary Policy Committee meeting, which begins on 23rd Jan,…
As authorities in the most populous nation in Africa seek up-to-date information on the precise population and the size of various ethnic groups, Nigeria will launch its first national census…
According to Dr. Nusirat Elelu, executive secretary of the Kwara Health Care Development Agency, the state has acquired financing from the World Bank to support infrastructure upgrades in at least…
According to the most recent data from the state-owned company, Nigeria’s NNPC spent $9.7 billion on a petrol subsidy last year, an expenditure the government has attributed to the country’s…
Africa’s GDP growth is anticipated to be higher than the projected global averages of 2.7% and 3.2% in 2023 and 2024, averaging around 4%. The top five performing African nations,…
The new naira notes must be picked up by commercial banks for distribution, according to the Central Bank of Nigeria (CBN), or they risk daily fines of N1 million. At…
Usain Bolt, a Jamaican Olympic sprinter, was astonished to find $12 million gone from an account he had with Stocks and Securities Ltd., an investment company situated in Kingston, according…
According to reports, Microsoft Corp. (MSFT.O) intends to slash thousands of jobs, with some positions in the engineering and human resources departments possibly being eliminated. The anticipated layoffs would be…
In contrast to reports that International Oil Companies, Shell, Chevron, and other energy companies would finally say goodbye to Nigeria’s upstream, recent research has revealed that energy companies would be…