Real Time Financial News Website
In May 2023, Nigeria’s oil production rose by 6.73 million barrels to 36.7 million barrels, generating a total income of around N1.27 trillion for the month under consideration. Nigeria earned…
The restrictions on domestic accounts have been abolished by the Central Bank of Nigeria. The CBN said in a statement on Sunday that the new rule gave account holders unlimited…
Convergence Partners Investments has changed its name to Solcon Capital as the company intensified efforts to promote platform economics-based global deep tech growth. Solcon will concentrate on international deep tech…
Airtel, a telecom company, plans to launch its Fifth-Generation (5G) network services between now and next week, barring any unforeseen situations. The telecom provider guarantees its customers network capacity increases,…
The new Electricity Act, according to the Manufacturers Association of Nigeria (MAN), will result in a sharp decrease in the cost of alternative energy for its members, which will increase…
Following the most recent Naira devaluation by the Central Bank of Nigeria (CBN), Nigeria’s debt profile has increased to N81 trillion. The Naira component of debt service automatically increased by…
According to a recent data released by the country’s statistics bureau, Nigeria’s demand-pull inflation has increased once more to a record high in the past month after rising steadily for…
The Central Bank of Nigeria has permitted a free float of the naira against the dollar and other world currencies, and as of the close of business on Thursday, it…
President Bola Ahmed Tinubu’s Policy Advisory Council has advised that the country declare a state of emergency in terms of revenue production. The council proposed merging the Federal Inland Revenue…
The 9th Senate’s only official responsibility for President Bola Tinubu was to approve his list of Special Advisers. Exactly a week after taking over the reins of government from ex-President…
Following complaints from oil marketers about a lack of finances to import products, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) met with them on Wednesday in Abuja as…
The United Nations World Food Programme launched a $2.56 billion Country Strategic Plan for Nigeria on Wednesday, aiming at addressing hunger and malnutrition in areas of the North-East, North-West, and…
According to the National Bureau of Statistics (NBS), the total Value Added Tax (VAT) in Q1 2023 was N709.59 billion. According to the VAT Q1 2023 Report, which was made…
Shell Petroleum Development Company would enhance its oil and gas output in Nigeria during the upcoming months. Due to the sharp fall in earnings from renewable sources, Shell Plc had…
To allow for a free float of the local currency against the dollar and other major world currencies, the Central Bank of Nigeria has instructed Deposit Money Banks to eliminate…
To enable the naira’s free float versus the dollar and other major world currencies, the Central Bank of Nigeria is said to have instructed deposit money banks to eliminate the…
On Monday, June 12, 2023, President Bola Tinubu officially signed the Data Protection Bill into law, according to the Nigeria Data Protection Bureau. The training of data protection officers and…
Although Nigeria’s economy suffered difficulties in the first half of the year, according to the Organization of the Petroleum Exporting Countries, it may improve in the upcoming months. The company…
Col. Hammed Ali (ret. ), Controller General of the Nigeria Customs Service, said concessionaires of the Customs modernization project have committed more than $300 million in the project. Following a…
In order to accelerate the deployment of sustainable renewable energy access throughout the nation, the Federal Government and Oando Clean Energy Limited have signed a Memorandum of Understanding. The government,…
Ghana’s consumer inflation increased marginally from April to May, rising from 41.2% to 42.2% year over year, according to the statistics department on Wednesday. The country of West Africa is…
On Tuesday, the market capitalization of the Nigerian stock market increased significantly by 4% (N1.22 trillion) to N31.6 trillion. When investors learned that President Bola Tinubu had suspended CBN Governor…
A planned peace conference between e-hailing companies and the drivers who use the various app-based platforms to operate came to a standstill on Friday. Both sides allegedly refused to give…
The largest economy in Africa’s largest country has five top-priority policy options for promoting financial inclusion, according to the International Monetary Fund (IMF). More financial access points are being added,…
The Organization of Petroleum Exporting Countries, or OPEC, announced yesterday that Nigeria’s oil production, excluding condensate, grew by 15.6% to 1.3 million barrels per day, or mb/d, in May from…
The Federal Government granted and signed permits for the construction of two crude oil export terminals, which have the potential to bring in $11 billion in annual revenue for the…
Following the dismissal of central bank governor Godwin Emefiele last week, who supervised restrictive policies, investors flocked to financial companies for the second straight day, sending Nigeria’s banking index surging…
The joint venture between TotalEnergies EP Nigeria and the Nigerian National Petroleum Company Limited has claimed an oil discovery in offshore Oil Mining License 102, which might increase Nigeria’s production…
A 0.5% import tax on commodities that was proposed in Finance Bill 2023 is expected to bring in around N124.26 billion for the Federal Government each year. The Finance Bill…
Lolu Alade-Akinyemi has been named the new CEO of Lafarge Africa, who will lead the organization’s expansion strategies. The company revealed in a statement that after its board of directors…