Real Time Financial News Website
According to Mr. Mele Kolo Kyari, Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, they predicted rise in population and industrialization would result in an increase in…
The Central Bank of Nigeria failed to clarify the legal tender status of the old notes, which made the problem around the naira redesign worse. This occurred when the states…
Royal Exchange Plc’s shareholders have given the board of directors permission to seek new equity capital from current shareholders in an amount up to N2.06 billion. Shareholders passed resolutions permitting…
Pinnacle Oil and Gas Limited has filed a petition with the Director-General of the Department of State Services (DSS), alleging a nefarious plot by political rivals of its founder/chief executive…
The Presidency has stated that because the Supreme Court would hear the case ,neither the Federal Government nor the Central Bank of Nigeria have taken a position on the continued…
Ikorodu Road is blocked as a result of two containers slipping off the back of a trailer on the Mile 12 bridge leading out of Ikorodu. Due to the traffic…
The deadline of February 10, 2023, wasn’t necessary, according to Godwin Emefiele, Governor of the Central Bank of Nigeria. He claimed that since the introduction of over-the-counter payments to supplement…
According to estimates made by Mr. Bismarck Rewane, Chief Executive Officer of Financial Derivatives Company Limited, Nigeria would experience a total loss in GDP of $18 million and a loss…
The Nigerian Export Promotion Council has pledged to make sure that Nigeria surpasses the $4.82 billion it made from non-oil exports in 2022. The NEPC’s Ekiti State Coordinator, Mrs. Iyabode…
The Federal Government has rejected a proposal from the National Institute of Peace and Strategic Studies to establish new organizations to oversee and assess Federal Government initiatives. The Federal Government…
The ex-depot price of Premium Motor Spirit, also known as gasoline, had increased by 110%. According to the information, the ex-depot price increased from N148 per litre in October of…
As part of efforts to achieve World Health Organization (WHO) Maturity Level 4 status and establish Nigeria in the league of Vaccines and Active Pharmaceutical Ingredients (APIs) producers in the…
A growing group of partners has backed the establishment of Untapped Global’s Climate Action Initiative, an investment firm that specializes in emerging countries. Africa-based companies can get asset financing through…
A joint venture with ZZ2 Boerdery, one of South Africa’s leading farming firms, and Criterion Africa Partners, a private equity firm developing assets along the forestry value chain in Sub-Saharan…
Researchers said on Monday that the cost for European nations to protect people and businesses from rising energy costs has risen to nearly 800 billion euros and urged nations to…
Ondo, Kano, and Ekiti states have joined the lawsuit that Kaduna, Kogi, and Zamfara states originally filed, and Rivers state has indicated its readiness to do the same. The sources…
Shaka Kariuki, a businessman, has been named the new chair of the Competition Authority of Kenya (CAK) board by President William Ruto. After Dr. Ruto overturned the appointment of Ambassador…
As certain regional competition authorities applauded its proposed purchase of further shares in funeral services provider Funeral Service Group (FSG), Africa Lighthouse Capital announced this week. The company made an…
The Central Bank of Nigeria’s procedures for awarding foreign cash, according to the Manufacturers Association of Nigeria, have put its members in a precarious position. The group claimed that problems…
The largest Africa-focused fund to date, Partech Africa II has reached its first close at €245 million (about $263 million). One of three funds, including a $750 million growth fund…
Contrary to rumors, Bola Tinubu, the All Progressives Congress (APC) presidential candidate, declared that he supported the CBN’s decision to redesign the naira and move toward a cashless society. “PDP…
The Central Bank of Nigeria, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, and other pertinent organizations are required to collect the trustworthy information needed to choose the best way…
“The World Bank estimates that by 2027, interest payments on Federal Government borrowings from the Central Bank of Nigeria will consume 62% of GDP. High debt payment costs, according to…
The Federal Government claimed that there were already too many agencies in Nigeria and that it lacked the resources to support the creation of others. This information was presented in…
The International Monetary Fund (IMF) has highlighted near-term downside risks resulting from Nigeria’s elevated inflation, high debt-servicing costs, external sector pressures, and oil sector volatility as the current cash crunch…
According to research by The PUNCH, more banks have started closing their branches as the currency shortage worsens. Lengthy lines are still seen at the ATMs of numerous commercial banks…
According to oil marketers, lineups were still common in many parts of Nigeria, with the exception of Abuja, where they had decreased, because the supply of Premium Motor Spirit, also…
According to the company’s regulatory financial filings, MTN Nigerian Communication Plc. increased its dividend payment by N75 billion, going from N212 billion in 2021 to N288 billion in the whole…
The Nigeria Customs Service has said that the Benin Republic trade policy was hostile to Nigerian traders. The Customs Area Controller in charge of Seme command, Dera Nnadi, said this…
First Abu Dhabi Bank (FAB.AD) (FAB), the United Arab Emirates’ biggest lender, could renew a potential offer for Britain’s Standard Chartered (STAN.L), once lock-up rules from its previous aborted bid…