Real Time Financial News Website
According to the Manufacturers Association of Nigeria, the recent rise in excise duty on beverage and tobacco goods will cause firms to scale back operations, resulting in plant closures, job…
The Federal Government recommended President-elect Bola Tinubu’s incoming administration to boost anti-corruption and reform-minded institutions in order to successfully contribute to robust economic and public financing. The Minister of Finance,…
The Federal Government declared that policy inconsistency, insecurity, economic uncertainty, and rising oil costs, among other things, were threatening Nigerian food security. Mahmood Abubakar, Minister of Agriculture and Rural Development,…
A new assessment claims that Nigeria needs $12 billion to clean up decades-old oil spills in southern Bayelsa state over a 12-year period, blaming Shell (SHEL.L) and Eni (ENI.MI) for…
Ahead of the inauguration of the President of the Federal Republic of Nigeria and other elected government officials around the country on May 29, the Inspector-General of Police, IGP Usman…
Abubakar Aliyu, Minister of Power, has announced that the 700 megawatt Zungeru Hydroelectric Power Project has been finished, emphasizing that the plant would soon be able to deliver power to…
The United States declared that it had taken efforts to enforce visa bans on individuals who interrupted Nigeria’s recent general elections. “These individuals have been involved in the intimidation of…
The Federal Government said it was working on a thorough roadmap for Bola Tinubu’s upcoming administration on how to handle the elimination of subsidies on Premium Motor Spirit, also known…
The National Bureau of Statistics said that Nigeria’s annual inflation jumped to 22.22% in April, up from 22.04% the previous month, as food prices continued to rise. In Africa’s largest…
MIC has invested R25 million in the firm, which is revolutionizing the way healthcare is delivered in South Africa, through its venture capital initiative, Khulisani Ventures. Quro Medical was founded…
Aveng Infrastructure and Resources has finalized the sale of Trident Steel, a steel solutions company, for R1.22 billion. With the sale of Trident completed, Aveng’s South African legacy debt has…
The African Women Impact Fund Initiative (AWIF), a collaboration between Standard Bank and the United Nations Economic Commission for Africa (UNECA), has chosen three women fund managers from Nigeria, Kenya,…
STOA, a subsidiary of the French deposit and consignment fund CDC, announced a MAD330 million ($32.9 million) transaction on Tuesday (May 9) to buy a minority stake in the capital…
A world culinary record was successfully broken by Nigerian chef Hilda Baci, and the Guinness Book of Records has recognized her valiant effort. The acknowledgment was given in response to…
M-Kopa, an African finance platform, announced that it had inked a total of $255 million in fresh debt and equity from Standard Bank and Sumitomo Corporation, among others, to fund…
The European Bank for Reconstruction and Development (EBRD) will invest USD 60 million in RMBV’s third North African fund, according to the bank’s website. On November 29, the EBRD will…
The Sovereign Fund of Egypt (TSFE), in collaboration with leading private equity firm B Investments and its healthcare and pharmaceutical industries Subfund (“TSFE Healthcare & Pharma Subfund”), announced the launch…
The Securities and Exchange Commission (SEC), Nigeria’s leading capital market regulator, has stated that one of its primary goals in launching its Regulatory Incubation Programme for Fintechs is to ensure…
The National Emergency Management Agency has issued a flood warning for Ekiti State, citing higher rainfall in the latter part of this year as one of the states likely to…
The increase in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) in an effort to combat double-digit inflation is driving Pension Fund Administrators (PFAs) to gilt…
Investors in Nigeria’s capital market are unhappy with the exit prices proposed by Titan Trust Bank Limited and Ocean and Oil Development Partners Limited (OODP) to acquire all shares of…
According to National Pension Commission data, the assets under the Contributory Pension Scheme increased by N590 billion in the first quarter of 2023. According to the numbers, assets increased from…
At the end of last week’s trading on the Nigerian Exchange Limited, stock investors lost N136 billion.The All-Share Index fell by 0.48 percent, or 250.69 basis points, to settle at…
Despite increasing debts and unpaid wages for workers, no fewer than 18 departing state governors will retire into lives of luxury with significant pension benefits. On May 29, 2023, the…
Nigeria’s oil production output has drastically decreased as a result of rising oil thefts and labor unrest, costing the country hundreds of billions of naira in lost oil revenue. Between…
A presidential decree naming a royal ruler as the owner and custodian of all returned artifacts caused a British university to postpone the return of more than 100 Benin Bronzes…
According to the Petroleum and Natural Gas Senior Staff Association of Nigeria, Nigerians who are hoping for better electricity supply may have to wait a little longer. The power sector…
Following a strike at Exxon Mobil’s local facilities, Nigeria’s oil production dropped below 1 million barrels per day (bpd) in April, its lowest level in seven months, according to figures…
The Federal Economic Council authorized the expenditure of N129.8 billion for a number of projects within the Ministry of the Niger Delta, particularly the UNEP’s mandate for Ogoni cleanup. Garba…
The Niger Delta Development Commission applauded the Senate for taking action to investigate the agency’s account from 2021 to 2022 for N1.4 trillion in unauthorized expenditures. It should be recalled…