Real Time Financial News Website
President Buhari opened the refinery at Ibeju-Lekki, Lagos, and Dangote, said its products “will be in the market before the end of July.” Among other refined products, the facility is…
At the end of the 2022 fiscal year, Nestle Nigeria Plc’s total interest-bearing obligations increased by 102.05 percent to N155 billion from N76.864 billion in 2021. During Nestle’s annual general…
Nearly 30% of Africa’s foreign direct investment, according to Kashifu Inuwa, Director General of the National Information Technology Development Agency, goes through Nigeria. The Nigerian tech sector drew roughly $4.4…
With the start of operations at the Dangote Refinery and Petrochemicals, the Federal Government might save nearly N35tn in fiscal expenditure over the next five years. This information was released…
Nigeria has not defaulted on repaying its Chinese loans, contrary to what a non-governmental organization, Socio-Economic Rights and Accountability, said. In a statement released, SERAP applauded the ruling that demanded…
18 listed firms were penalised N34.72 million by the Nigerian Exchange Limited (NGX) for submitting their financial accounts for the entire year that concluded on December 31, 2022, late. In…
According to a recent circular, the Central Bank of Nigeria has authorized four indigenous businesses to issue checks in the nation. The firms listed in the circular, which was signed…
The Federal Government, on behalf of the 36 state governments and the Federal Capital Territory, is about to receive a one-year extension to access the $750 million concessional loan from…
The Advertising Offences Tribunal was established by the Federal Government to address violations of the Advertising Regulatory Council of Nigeria Act No. 23 of 2022. Lai Mohammed, the minister of…
The two significant capital initiatives Neimeth International Pharmaceuticals Plc has started are intended to increase revenue and earnings, according to the company. At the 64th Annual General Meeting of Neimeth,…
The Bank of Industry said its asset base rose from N1.71tn to N2.38tn in 2022 financial year – The Chairman, Board of Directors, BOI, Mallam Aliyu Dikko. He added that…
In order to process crude oil grades from the three continents of Africa, Asia, and America, the 650,000 barrels per day Dangote Refinery was built, and it will start processing…
Nestle Nigeria Plc reported a 16.1% increase in first-quarter revenue to N127.97 billion (Q1) ended March 31, 2023 from N110.23 billion (Q1) ended March 31, 2022, but a large increase…
PenCom, the National Pension Commission, ensures the recovery of unremitted pension contributions by fining businesses who fail to pay employee pension contributions as and when due. The fine sum shall…
Due to double-digit inflation, a foreign exchange shortage made worse by the general elections, and the slow expansion of the country’s economy, MTN Nigeria Communication Plc, Dangote Cement Plc, and…
Brent crude increased 2 cents, or 0.7%, to $74.42 a barrel on the futures market. The price of West Texas Intermediate U.S. crude oil dropped 5 cents to $70.81. The…
The concessionaire, Messrs Barnksforte Technologies Limited, has informed the Infrastructure Concession Regulatory Commission (ICRC) that N5.3 billion in private funds will be invested into the Electronic Civil Registration and Vital…
The resolution authorizing the issuance of additional Tier 1 and Tier 2 qualifying subordinated debt as well as senior ranked debt was approved by the shareholders of the Pan-African financial…
The Abuja-based Court of Appeal has overturned a ruling that prevented the Board of Directors of Seplat Energy from carrying out its official duties. Federal High Court in Abuja upheld…
By the end of February 2023, the total assets of the Nigerian banking sector had increased by 25.12% over the previous year to N77.59 trillion. This information was provided by…
According to APM Terminals, it has invested about $440 million in the Apapa ports since the port concession in 2006 was granted. This was recently said in a statement by…
The Nigerian Shipper’s Council said that between 2020 and 2022, it saved a staggering N2.7 billion. The fund might have been lost to shipping companies and terminal operators through, among…
According to the International Monetary Fund, removing trade restrictions between African nations will assist 50 million people escape poverty. The removal of trade barriers, according to the IMF, would boost…
The Central Bank of Nigeria (CBN) reported that the country’s net total foreign exchange (FX) inflow closed at $72.4 billion in 2022, despite a fast slowing inflow of dollars into…
The investment and financial advisory firm, Cane Integrated Investment Limited on Wednesday, May 10, 2023 visited the NYSC Lagos State Chapter. It announced its partnership with the NYSC, Lagos State…
KBL Insurance Limited, a supplier of general insurance products, announced that it has achieved ISO 9001:2015 certification. According to the company, the internationally recognized Certification demonstrates its dedication to offering…
The Niger Delta Development Commission (NDDC) budget for 2023 was approved by the Senate, reaching N876 billion. A total of N451 million was also approved as compensation for the aides…
In an effort to boost non-oil foreign exchange earnings in the country, the Central Bank of Nigeria (CBN) launched the RT200 FX programme in February of last year, with the…
Banks and telcos have been at odds over N120 billion in USSD debts, which the former has refused to pay due to technical problems. Bank debt to telecom providers has…
According to the International Monetary Fund, weaker currencies in Nigeria and other Sub-Saharan African countries are increasing state indebtedness. Sub-Saharan African currencies have declined against the US dollar by an…