Real Time Financial News Website
According to Labour Minister Chris Ngige, the outgoing government in Nigeria has advised the next administration of President-elect Bola Tinubu to increase salaries for public sector employees after eliminating fuel…
Following the withdrawal of another Chinese lender from the Kaduna-to-Kano rail project in 2020, the Nigerian Senate has accepted China Development Bank to serve as the country’s new financier for…
Steven Opata, the central bank’s head of financial markets, said that the government’s approach had improved competition among dealers of refined petroleum products, which had reduced pump prices between December…
The East African Breweries Ltd (EABL) extra share acquisition by British multinational Diageo, which was successfully completed for Sh22.7 billion, increased the monthly equity turnover at the Nairobi exchange to…
The 33 depots evacuated 515.99 million liters of Premium Motor Spirit (PMS) or gasoline between March 25 and March 31. This information was released by the Nigerian National Petroleum Company…
In order to discharge its debts of N84 billion, the Benue State Government said it had engaged into a debt exchange deal with the Federal Government. A portion of the…
As a means of encouraging Nigerian inventors and technopreneurs to develop solutions that address real-world problems with a worldwide applicability, NSIA launched the NSIA Prize for Innovation (NPI) throughout the…
According to information collected from the Central Bank of Nigeria, between January and March, the nation’s foreign reserves decreased by $1.46 billion. The reserves stood at $36.67 billion as of…
Nigeria’s earnings from crude oil export rose by N337 billion in March to reach N1.8 trillion. This occurred when the nation increased its daily crude oil production goal from 1.3…
After the voluntary production reduction by Organization of Petroleum Exporting Countries (OPEC) members and OPEC allies, collectively known as OPEC+, the price of Brent, the world’s standard for crude oil,…
The International Air Transport Association, a trade organization for international airlines headquartered in Switzerland, recently released data showing that the total amount of foreign airlines’ trapped funds in Nigeria has…
On April 1, Twitter was intended to formally delete old verification checkmarks. The label now says, “This account is verified because it’s subscribed to Twitter Blue or is a legacy…
The Standard Chartered Bank Ghana PLC now employs Mr. Asante as its chief financial officer. He started working at Standard Chartered Bank Ghana Ltd. in 2006 and has since held…
The Federal High Court’s Friday ruling in Lagos has sparked a dispute between Asset Management Company of Nigeria (AMCON) management and the former management of Arik Air. A response from…
Leadway has become the first insurance business in Nigeria to reach the 3-digit billion milestone.With total premiums collected of N104.4 billion, of which Gross Written Premium is N92.5 billion, Savings…
After undisclosed new cash injections into the pan-African Institution, Togo and Benin have surpassed Kenya as the leading shareholders of the African Trade Insurance Agency (ATI). According to the institution’s…
Dr. Muda Yusuf, the chief executive officer of the Center for the Promotion of Private Enterprise (CPPE), listed the advantages of eliminating the gasoline subsidy for the country over the…
The Lagos Free Zone Corporation (“LFZC or LFZ”) has announced the successful issue of a N17.5 billion 20-Year Series 3 Senior Guaranteed Fixed Rate Corporate Infrastructure Bonds due 2043 (the…
The Nigerian Exchange Limited’s trading floor has halted all activity in Sterling Bank shares. The suspension, according to a notification sent by the NGX in its weekly report of activity,…
Under Major General Muhammadu Buhari, the amount borrowed by the Federal Government from China has increased by 209.15 percent (retd.) This is because the total amount of bilateral loans increased…
The Organization of Petroleum Exporting Countries and its partners, known as OPEC+, announced voluntary cutbacks to their crude oil output on Sunday totaling around 1.15 million barrels per day. They…
The Free Trade Zones (FTZs) Programme, according to the Nigeria Export Processing Zones Authority (NEPZA), brought in a total of N35.1 billion for the government, According to the Nigeria Export…
Oil and gas businesses seeking to lower their tax obligations and increase profitability by investing in R&D are being offered a 20% tax incentive by the Federal Inland Revenue Service…
This comes after numerous commercial banks over the weekend paid consumers with naira notes in person and through automated teller machines (ATMs). The N200, N500, and N1,000 notes were modified…
Akshay Grover, the chief executive officer of the Pan-African fintech company Cellulant Group, which has operations in 18 countries, stated that the company has finalized preparations to introduce its merchant…
Moruf Oseni will serve as the managing director and CEO of Wema Bank Plc, with effect from April 1, 2023. According to a statement, Oseni will succeed Ademola Adebise after…
Airlines have faced significant challenges as a result of the high cost of aviation fuel, which accounts for a sizable portion of their operational expenses. The lack of foreign currency…