Real Time Financial News Website
In the last eight years, the Nigerian Diaspora has sent $168.33 billion to Nigeria, according to data compiled by our correspondents from World Bank publications. This is due to the…
Customers across the nation had a limited supply of electricity over the weekend as power generation to the national grid fell below the 4,000 megawatt threshold. Only 18 of the…
Due to problems with pipeline vandalism and the ensuing oil theft, Nigeria lost the chance to produce and export roughly 65,700,000 barrels of oil last year. If the current exchange…
According to Mele Kyari, group chief executive officer of NNPC Ltd., the Nigerian National Petroleum Company Limited has already invested $1.1 billion in the building of the $2.8 billion Ajaokuta-Kaduna-Kano…
There are signs that university unions may protest the federal government for allegedly leaving their members out of the 40 percent salary increase for odd allowance and arrears. However, because…
The federal government declared Friday night that a road evacuation of Nigerians from the war-torn Sudan was the only practical option. Recall that since the situation began in Sudan two…
Merensky Timber, one of the top integrated timber product companies in Africa and a fully owned subsidiary of Hans Merensky Holdings (Pty) Ltd (HMH), has received an investment from Criterion…
Aker Energy, the owner of the Pecan oilfield off the coast of Ghana, will be purchased through a deal mediated by AFC Equity Investment from Aker Capital and the Resource…
To aid in its expansion throughout the continent, pan-African data center developer Raxio Data Centres has obtained a debt arrangement worth up to $170 million (€155 million) from lenders including…
Development Partners International (“DPI”), an investment business with a focus on Africa, has acquired Solevo Group (“Solevo”). It’s a major African distribution platform for specialty chemicals, along with minority co-investors…
The market capitalization lost N304 billion to end the week at N27.963 trillion, and the All-Share Index decreased by 1.08 percent to close the week at 51,355.74. Investors’ year-to-date gains…
Nigeria will receive $5.7 million in assistance from the United States of America to oversee elections. This was stated in the paper our correspondent acquired from the Congressional Budget Justification…
Nigeria moved up the list of the top 10 International Development Association borrowers due to increasing debt. Except for Nigeria, the top five nations on the list all marginally decreased…
According to the Federal Government, between 2014 and 2022, the majority of foreign oil corporations that work in Nigeria’s upstream sector diverted capital investments totaling around $21 billion to other…
By May 2023, the National Bureau of Statistics will present updated employment and unemployment rates for the nation. In a paper titled “Nigeria Labour Force Framework Re-design 2023,” it made…
According to Mrs. Ajibola Ponnle, Commissioner for Establishments, Training, and Pensions, Lagos paid its retirees N50bn during a four-year period. At the occasion to distribute retirement bond certificates to Lagos…
As cashless transactions increased to N395.47tn in 2022, eight banks made N224.69bn from electronic banking fees. Data analyzed from the banks’ financial reports revealed that their e-banking revenue increased by…
The second phase of the computerized Nigeria Social Insurance Trust Fund, which will allow concessionaires to enhance the infrastructure for N15 billion, was approved by the federal government on Wednesday…
The price of one kilogram of local rice has increased by 211.52% in seven years as a result of rising insecurity in the nation, an import ban, and other factors.…
Notwithstanding rumors of an existing court injunction prohibiting it from moving forward with the project, the Federal Government in Abuja approved an e-Customs modernization project for at least N142.24 billion.…
According to Union Bank of Nigeria Plc, its total earnings increased by 19% to N208. 2 billion in the 2022 fiscal year from N175.0 billion in the 2021 fiscal year.…
According to the Federal Account Allocation Committee, in March 2023, N714.63 billion was distributed across the three levels of government. The sum reflects a N8.05 billion drop from the N722.68…
After the Central Bank of Nigeria changed its stance on the redesign of the naira, the amount of currency in circulation in the nation increased by N701.4 trillion in a…
According to Leadway Assurance Company Ltd, it has taken “mitigation steps” after discovering a hacker intrusion in its system that threatened to expose consumer data. Data purportedly stolen from the…
The exposure draft of rules on the administration of dormant accounts, unclaimed balances, and other financial assets in banks and other financial institutions in Nigeria was recently made public by…
According to a recent poll that was performed and released on Tuesday, more than half of British citizens do not want King Charles III’s approaching coronation to be paid for…
Professor Dibu Ojerinde, a former Registrar of the Joint Admission and Matriculation Board, and his four children are on trial for money laundering before Judge Ekwo’s Court, Federal High Court,…
Netflix on Tuesday said that its number of subscribers hit 232.5 million in the first quarter of this year and its nascent ad-supported tier is faring well. Netflix shares, however,…
According to CIO, we have handled more than 60% of ePayment issues. Although banks owe telcos over N100 billion in debt, USSD platforms continue to face difficulties. CeBIH promises improved…
A defamation complaint including false accusations that Dominion Voting Systems’ software was involved in manipulating the 2020 U.S. presidential election in favor of Joe Biden has been settled for $787.5…