Real Time Financial News Website
India’s Adani Group aims to prepay or return share-backed loans totaling $690 million to $790 million by the end of March as it works to improve its credit standing following…
According to the World Bank, the National Electrification Project’s market-driven approach to small grid development has sped up the installation of more than 100 new solar-powered mini grids in Nigeria.…
A subsidiary of Stanbic IBTC Holdings, Stanbic IBTC Bank, has promised to assist frictionless financial transactions to support the Central Bank of Nigeria’s cashless strategy. In a statement, it made…
In Nigeria, the use of mobile technology is still expanding, with 225.88 million mobile subscribers as of January 2023. There are now 222.23 million more mobile subscribers than there were…
A N20 dividend per share has been declared by Dangote Cement at the conclusion of the 2022 fiscal year. This information was included in the organization’s 2022 audited financial report,…
Due to the Central Bank of Nigeria’s naira redesign strategy, the total quantity of currency in circulation in the nation decreased from N3.29 trillion at the end of October 2022…
While the manufacturer of telecom equipment concentrates on ambitious expansion, Nokia revealed plans to alter its brand identity for the first time in over 60 years, complete with a new…
Inappropriate price increases for pre-paid meters “Particularly south of the Sahara, Africa’s domestic gas markets are still underdeveloped or non-existent, and the majority of the continent’s enormous natural gas resources…
Commercial banks’ prime lending rate to the most creditworthy consumers climbed to 13.67% in 2023, a 1.99% Year-on-Year (YoY) rise from 11.68% in January 2022, amid significant macroeconomic headwinds and…
A N137,328,000,000 class IV bond issued by the Lagos State government has been placed on the Nigerian Stock Exchange. This information was provided in a notification by the exchange in…
The Federal Government has discovered new oil resources with a daily production capacity of 1.52 billion standard cubic feet of gas and 681,000 barrels of crude oil, respectively.” The Chief…
The Central Bank of Nigeria (CBN) reviewed the terms of the Managing Directors, Deputy Managing Directors (DMDs), and Executive Directors of Deposit Money Banks (DMBs) and other financial institutions on…
After months of inaction brought on by a variety of concerns, including money being diverted, governance violations, and debt to JV partners, the administration of the Nigerian National Petroleum Corporation…
Hon. Peter Akpatason, the Deputy Majority Leader of the House of Representatives, won the election to the House of Representatives to serve the Akoko-Edo Federal Constituency for a record-breaking fourth…
According to the Lagos State Police Command, 23 people were detained during the presidential and National Assembly elections on Saturday in Lagos who were allegedly involved in electoral violence and…
In the wee hours of Monday, the Independent National Electoral Commission announced that Senator Godswill Akpabio of the All Progressives Congress had won the Akwa Ibom North-West Senate race. Jackson…
The Eti-Osa Federal Constituency seat in the House of Representatives has been awarded to Mr. Thaddeus Attah of the Labour Party, according to the Independent National Electoral Commission. The announcement…
After operating the Contributory Pension Plan for 18 years, a measure to exempt its employees from the program has been approved by the National Assembly, But according to the Pension…
A few hours before the 2023 general election in Nigeria, Brothers Across Nigeria (BAN), an advocacy and justice-focused worldwide organization, has warned Nigerians of all creeds and in all areas…
The Central Bank of Nigeria has developed a USSD channel for the eNaira, the central bank’s digital currency. it was unveiled in Lagos as part of a discussion on the…
Deposit Money Banks have made the announcement that they will have a early closure, one day before the nationwide presidential elections. We were able to view notices from banks to…
There won’t be a telecommunications outage for the polls, according to the Nigerian Communications Commission. it declared that every network operation will go normally. In reaction to rumors that a…
According to a report by Augusto&Co, a research, credit ratings, and risk management company, insecurity issues in the country that persisted through 2022 may increase poverty and a high unemployment…
The state-owned electricity provider in South Africa, Eskom, said that its CEO, Andre de Ruyter, will resign from his position immediately. The choice was made, according to a statement from…
Nigeria’s economic growth dropped in the fourth quarter to 3.52% from 3.98% a year earlier (NGGDPQ=ECI), the statistics office reported, as extensive floods ruined farmland, oil production fell, and industry…
The Bureau of Public Enterprises (BPE) reported that Nigeria has selected local energy company Mainstream Energy Solution Ltd to operate and manage a Chinese-funded hydroelectric power facility at a cost…
Comcast Corp. reduced its ownership of BuzzFeed Inc. by 8.5% since the end of January in order to benefit from a rise in the stock price of the online media…
The Federal Government is reopening closed crude oil wells in an effort to increase monthly oil production from various Niger Delta drilling operations to roughly 2.1 million barrels, valued at…
A 148kWp solar installation at Froot Multitrade Nigeria Limited and a 600 kWp solar installation at Sacvin Nigeria Limited have both been commissioned by Westa.solar, a clean energy provider that…
Premium Trust Bank, a quickly expanding commercial institution in Nigeria, has started conducting business in Redemption City, Ogun State. The General Overseer of the Redeemed Christian Church of God (RCCG),…