Real Time Financial News Website
Nasir el-Rufai, the governor of Kaduna State, claims that Nigeria needs a supportive mortgage policy to address its housing shortage. El-Rufai revealed this information on Saturday, shortly after launching the…
Stakeholders in the built environment contend that the bulk of the nation’s building failures were caused by the failure to implement sustainable design norms. Abimbola Windapo, a professor of construction…
According to a spokesperson for the president, Nigerian President Muhammadu Buhari will officially open the multibillion-dollar Dangote oil refinery in two weeks, allowing the facility to begin producing for the…
According to the latest intelligence and industry data, when the federal government stops subsidizing PMS in June, between July and December 2023, gasoline consumers will pay around N$ 8.4 trillion.…
The Federal Government acquired Ways and Means Advances worth N23,719,703,774,306.90 from the Central Bank of Nigeria, and the House of Representatives approved them. The National Assembly had rejected domestic borrowing…
The Host Communities of Nigeria Producing Oil and Gas (HOSCON) said that it is aiming to raise $5 billion in collaboration with the private sector to kickstart growth and investment…
The Central Bank of Angola, Banco Nacional de Angola, has given its clearance to Access Bank, the flagship subsidiary of Access Holdings Plc, for the acquisition of the majority ownership…
Carl Cruz has been appointed as the Managing Director and Chief Executive Officer of Airtel Networks Limited (Nigeria), according to a statement from Airtel Africa. In addition, Mr. Cruz will…
The Nigerian Exchanges Group said the recent general election and the Central Bank of Nigeria’s rebalancing policy had a negative impact on its earnings. This represents a 20.5% decrease to…
The federal government has repaid N859.7 billion to various state governments to reimburse the costs of building federal roads over eight years. Following reports that state governments are increasing the…
Nigeria’s House of Representatives approved a plan to restructure 23.7 trillion naira ($52 billion) of short-term central bank loans into long-term debt, a day after it was approved by the…
State Budget and Regional Planning Minister Clem Agba announced that the federal government plans to include geospatial data allocations in agency budgets. According to the minister, the federal government has…
Millions of electricity consumers could be plunged into darkness in the coming weeks as the federal government, through Nigeria’s transmission companies and market operators, began to massively disconnect debtor distribution…
Oil production by the Organization of the Petroleum Exporting Countries fell in April due to supply delays in Nigeria and suspension of some Iraqi exports, according to a Reuters poll.…
According to the Nigerian Ports Authority, the federal government plans to build another deep-sea port within the next three to four years. Regarding the recently approved deep-sea port of Badagry,…
Kristalina Georgieva, Managing Director of the International Monetary Fund, has warned of the unpredictable “consequences” central bank digital currencies could have for retail customers. According to the IMF Executive Director,…
The Nigeria Agenda 2050 was officially unveiled on Wednesday in Abuja, with the statement that its implementation will “ensure that Nigeria attains a per capita GDP of $33,328 per annum…
The host community of oil and gas in the Niger Delta has pledged a trillion-dollar against oil companies and the federal government. More than 3,000 oil and gas host communities…
Communications and Digital Economy Minister Isa Pantami has urged telecom companies and other sector stakeholders to ignore any attempts to impose a 5% excise tax on telecom services. According to…
Ms. Margaret Adeyileka, a middle-aged wheelchair user who has been traveling for decades, claims that the humiliation she just experienced on a Turkish Airlines trip from Istanbul to Lagos as…
According to Zenith Bank Plc, it would distribute N100.47 billion to shareholders for the 2022 fiscal year.It revealed this in a statement during its 32nd annual general meeting on Tuesday,…
The Upper house has decided to look into the reasons behind the Nigeria Immigration Service’s delays in issuing and renewing passports. The Senate’s Committee on Interior was given a mandate…
President Muhammadu Buhari and his wife, Camilla, are scheduled to go to London, United Kingdom, to see Charles III, the new King. According to a state house announcement, the president…
The Advertising Regulatory Council of Nigeria (ARCON) has been given permission by the Abuja Division of the Federal High Court to send Facebook’s owner Meta with a summons. The court…
The Federal Government deducted over N78bn from allocations made to the states for external debt servicing, according to findings. This was according to data from the Federation Account Allocation Committee…
All unauthorized inhabitants of airport grounds have been warned by the Federal Airports Authority of Nigeria to leave the area for their own safety and security. The operations of the…
According to a regulatory filing acquired, Nigerian Breweries Plc has disclosed a proposal to raise N25bn through the sale of commercial paper to support the company’s short-term working capital and…
The governor of Edo State, Mr. Godwin Obaseki, stated on Monday that the federal government might not be able to continue paying employee wages through June 2023 without resorting to…
Following a meeting with Ministry of Aviation representatives, aviation unions have decided to call off their planned strike. The decision was announced in a statement that our correspondent in Abuja…
According to the International Monetary Fund, geopolitical concerns might cause Nigeria to lose as much as $10 billion in foreign direct investment and official development assistance inflows. The sum represents…