Real Time Financial News Website
Following the West African oil producer’s downgrading by another rating agency, Moody’s, a week earlier, Nigeria’s dollar-denominated government bonds declined ahead of S&P Global’s review of its credit rating. According…
Adenia Partners, a private markets investment company dedicated to ethical investing and a sustainable Africa, has announced the first closing of its fifth flagship fund, Adenia Capital (V) L.P., with…
The Ghanaian government has been requesting millions of dollars in back taxes from some of the biggest businesses in the country. Similar bills were sent to Gold Fields Limited, Kosmos…
Mauritius-based private equity firm Adenia Partners is in discussions to fully acquire restaurant chain Java House in a transaction that could hit Sh3 billion amid heightened deal-making in Kenya’s hospitality…
According to research, Federal Government intends to generate N250.09bn from excise duty in 2023. This was stated in the budgetary framework paper for 2023 that was able to access. The…
The expedited efforts by the Nigeria Export Processing Zones Authority (NEPZA) to designate willing universities as Special Economic Zones have received praise from the federal government. The effort, according to…
According to the Purchase Manager Index (PMI) study from Stanbic IBTC Plc, operators in the industrial and agriculture sectors would see the fastest increase in input costs in January 2023…
Despite assurances by the Federal Government that it possessed more over one billion liters of PMS, enough to keep the country wet, oil dealers emphasized on Sunday that the supply…
Asset management Stanlib’s Infrastructure Fund II, which invests in infrastructure projects including renewable energy, transportation infrastructure, and logistics, is acquiring a 60% stake in a 285 megawatt (MW) solar power…
Mr. Peter Obi, the Labour Party’s presidential candidate, has pleaded with Nigerians to have patience with the federal government and Central Bank of Nigeria regarding the difficulties posed by the…
Nigeria’s natural resources are underutilized, according to the minister. However, the mining industry has also been troubled by insecurity, which prompted Zamfara State to suspend mining operations. In March 2021,…
The Speaker of the House of Representatives, Femi Gbajabiamila, has said the federal parliament will have no option but to reconvene before the presidential and National Assembly elections on February…
People in low and middle income countries depend on migrant workers money sent home, which is expected to have increased by about 5% to $626 billion in 2022, according to…
At the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture’s first Digital Economy Conference, which was hosted at the Abuja Chamber of Commerce and Industry complex, Buhari made…
The Amalgamated Union of App-Based Transport Workers of Nigeria has received federal government approval for trade union recognition. With this permission, AUATWN becomes the first government-approved trade union for e-hailing…
The Nairobi Securities Exchange (NSE) saw a loss of Sh24.45 billion in investor value in January, which is a result of the bourse’s overall valuation being impacted by the concentration…
Due to an excess of housing and expensive bank loans, house prices fell by the largest margin in the three months ending. The average housing price in the city decreased…
Nigeria is the first nation in Africa to benefit from Elon Musk’s satellite business, SpaceX, which is now open to clients. The business has also reduced the price of its…
The President’s requests for Ways and Means Advances from the Central Bank of Nigeria were partially accepted by the House of Representatives. The President is Major General Muhammadu Buhari (retired).…
After fulfilling closing obligations, NNPC Limited (NNPCL) and Addax Petroleum Development (Nigeria) Limited have amicably terminated their 24-Year Production Sharing Contract Relationship. Chief Corporate Communications Officer NNPCL, Mallam Garba Deen…
Commercial banks in Nigeria will still accept old naira notes from customers after the February 10 deadline, the governor of the Central Bank of Nigeria, Godwin Emefiele, told the House…
The importation of the good during the duty-free window has been blocked, and local rice millers have criticized the action, calling it discriminatory. In order to lower the exorbitant price…
Kenyan consumers are paying more for eggs as the price of the commodity shoots to a high of Sh450 a tray from Sh380 in November, amid scarcity and expensive imports…
The cost of energy supply has continued to take a depressing toll on Nigerians with the average retail price of Automotive Gas Oil (diesel) paid by consumers in 12 months…