Real Time Financial News Website
For interested shareholders, MTN Nigeria has disclosed the price per unit for its shares under the scrip dividend scheme. The company said that its reference share price will be N232.68…
According to the paper that was published, economists from the World Bank and IFC examined data from a survey of 3,325 microenterprises in seven nations: Ghana, Kenya, Mozambique, Nigeria, Senegal,…
The Nigerian National Petroleum Corporation Limited is the subject of an investigation by an ad hoc committee established by the House of Representatives into allegations that company managers misappropriated and…
The World Bank estimates that in 2022, the value of the naira fell by 10.2%. This occurred at a time when the nation’s inflation rate in 2022 was high due…
As the Federal Reserve increased interest rates, customers cried out for banks to pay more for deposits. Analysts now claim that lenders appear to be changing their incentives in an…
The Lagos Chamber of Commerce and Industry (LCCI) is concerned about Nigeria’s national debt, which will expand exponentially between 2013 and 2022 from N10.04 trillion to N46.25 trillion. The Debt…
In March 2023, the private sector of the Nigerian economy saw productivity steadily decline as a result of the country’s cash crisis, which rendered people and households unable to pay…
Ahmad Lawan, the President of the Senate, requested that the Senate Committee on Foreign and Local Loans take into account President Muhammadu Buhari’s request for the parliamentary nod to refund…
The Nigerian National Petroleum Corporation Limited (NNPCL) was indicted by the Senate for failing to submit information on the crude oil delivered to the Kaduna Refinery and Petrochemical Company (KRPC)…
The groundbreaking ceremony for a N7 billion pipe manufacturing facility at Polaku, Bayelsa State, was conducted by Engr Simbi Wabote, Executive Secretary of the Nigerian Content Development and Monitoring Board.…
According to a Reuter article, Nigeria and Angola are to blame for the OPEC oil output being one million less than anticipated. Due to oil theft in the Niger Delta,…
Paxful, a peer-to-peer Bitcoin exchange with 1.5 million customers in Nigeria, has announced that it is ceasing operations.” According to Decrypt, Youssef said during a Twitter Space that a lawsuit…
According to data given by the Nigerian Communications Commission (NCC), Nigeria’s broadband subscribers increased steadily over the course of a year, from 92.01 million in January 2023 to 92.6 million…
According to the World Bank, this year will bring policy issues and lackluster economic development for Nigeria’s incoming government. The bank forecast a 2.8% economic growth for Nigeria in 2023…
The United Bank for Africa (UBA) that its loan portfolio increased by N605 billion during the 2022 fiscal year. During the occasion, Alawuba informed investors that the expansion of UBA’s…
According to Finance Minister Zainab Ahmed, Nigeria has received $800 million from the World Bank to expand its national social program before the withdrawal of its expensive fuel subsidies in…
The Federal Executive Council (FEC) adjourned meeting in Abuja after approving a number of contracts worth a combined N392.786 billion that had been brought to it by various Ministries, Departments,…
According to the Federal Government, the second Niger bridge would be completely accessible to traffic on May 15. This was disclosed by Babatunde Fashola, the minister of works and housing,…
More than 180 reforms have been implemented by the Presidential Enabling Business Environment Council with the goal of making Nigeria progressively better for starting and running businesses. The Business Facilitation…
A grant of $525,000 has been authorized by the African Development Bank for an online digital hub that will act as a knowledge base for African fintech companies. The Letter…
For the fiscal year that ended on December 31, 2022, International Breweries Plc saw a double-digit increase in revenue from the N182.3 billion reported for the fiscal year that ended…
According to a National Bureau of Statistics research, the Nigerian stock market drew a total of $19.2 billion (N8.83 trillion) in foreign direct investment between 2018 and 2022 as international…
Capital inflows decreased by 8.53 percent, from $1.15 billion in the previous quarter to $1.06 billion in the fourth quarter of last year (Q4 2022). According to the data, Lagos…
The Panel on Public Accounts indicted 37 Ministries, Departments, and Agencies for financial procedure violations as the Senate began debating the 2016 Auditor General report. The chairman of the Senate…
En1 Technologies has made plans to start making solar-powered automobiles in Nigeria and other African nations. This choice, according to EN1 Technologies, was made in an effort to change the…
According to Access Holdings Plc, it has completed a $300 million capital investment into Access Bank Plc, its flagship business. The funds will be used to augment the capital requirements…
The Federal Government has said operators in the maritime sector may get about $700m to acquire new vessels. At least $700m has been earmarked for the Cabotage Vessel Financing Fund.…
Data from the revenue services revealed that South Africa’s tax collection for the fiscal year that ended on March 31 was 1.686 trillion rand ($94 billion), of the government’s expectation…
Most developed and emerging market central banks continued to raise interest rates at a strong clip in March, albeit the magnitude of the increases slowed slightly as the turbulence in…
After the Organization of Petroleum Exporting Countries (OPEC) members and allies, including Russia, agreed additional production cutbacks of around 1.16 million barrels per day (bpd), oil has increased to $85…