Real Time Financial News Website
According to the National Information Technology Development Agency, work on the Nigeria Code of Practice on the usage of ChatGPT and other AI systems has already started. On artificial intelligence,…
It was announced on Monday by the Nigerian Indigenous Shipowners Association of Nigeria that applications for the $700 million Cabotage Vessels Financing Fund had begun. Dr. Edward Sowho, the chairman…
Investors have urged financial institutions to cooperate with authorities in order to lower the fines and other fees that are paid to them. Shareholders’ concerns regarding the sums financial firms…
Two measures that are part of the terms of the Sh139 billion soft loan the National Assembly obtained from the World Bank on May 30 have been put to public…
The Securities and Exchange Commission (SEC) ruled that Binance’s operations in Nigeria were unlawful. Any Nigerian who trades on Binance Nigeria Limited, a division of the well-known international cryptocurrency exchange…
Sesame seed exports from Nigeria have been ranging between 140,000 and 180,000 tonnes for a while. According to data from the National Bureau of Statistics (NBS), the value of sesame…
Obinna Chima talks on the additional $500 million that BUA Cement Plc has secured for the expansion of its manufacturing facilities. The International Finance Corporation (IFC) and its partners provided…
A new circular from the Nigerian National Petroleum Company Limited outlines the prices oil merchants will pay for petroleum goods. About two weeks had passed since the Federal Government had…
The Tunisian-born but Paris-based Expensya will be acquired by Medius, a Swedish business cost management company, for an unknown sum. Karim Jouini (CEO) and Jihed Othmani (CTO) founded Expensya in…
Helium Health, an African startup that offers healthcare providers and public health organizations software-as-a-service tools, funding, and insights, has secured $30 million in Series B funding. The revelation comes 18…
The pan-African Transform Health Fund (THF), which is run by AfricInvest, has closed its first $50 million round of financing, according to the Health Finance Coalition. The THF will start…
Aurex Constructors, RMB Ventures, and Bopa Moruo form a strategic alliance to build a stronger future. June 2023, Johannesburg, South Africa – After several months of negotiations, Aurex Constructors (Aurex)…
Total product taxes in the economy increased by 112.02 percent, from N1.43 trillion in 2019 to N3.03 trillion in 2022, concurrent with an increase in the value-added tax from 5%…
The federal government’s FX unification strategy has been praised by experts in the Nigerian financial services industry, who emphasize that it will draw FDIs, advance the growth of the capital…
In an effort to make Binance’s operations in Nigeria illegal, the Securities and Exchange Commission (SEC) has joined the United States Commission. Any Nigerian trading on Binance Nigeria Limited, a…
The Nigerian Ports Authority (NPA) has put two newly purchased bollard pull tug boats into service in an effort to prepare the nation for smooth commercial operations. Mohammed Bello-Koko, the…
Savannah unveiled its first renewable energy project, a 250 MW wind farm in Niger called Parc Eolien de la Tarka, in March of last year. Savannah is a firm supporter…
Deposit Money Banks (DMBs) operating in Nigeria reported varied Liquidity Ratio (LR) over the statutory level in the 2022 financial year, despite the Central Bank of Nigeria’s (CBN) tightening of…
Participants from Nigeria’s three tripartite systems of government, employers’ organization, and organized labor are among the 187 member states taking part in this year’s International Labour Conference (ILC), which began…
In the first quarter of 2023, Nigeria’s telecoms and information services industry contributed a magnificent N2.508 trillion (or 14.13 percent) of the country’s GDP in terms of financial value. According…
In order to dispense compressed natural gas to automobiles that run on gas, oil marketers are now changing some of their trucks to start distributing gas to filling stations. On…
The value of traded manufactured goods fell by a staggering 40% in Q1 2023, according to the National Bureau of Statistics’ Foreign Trade Statistics report, from N219 billion in the…
According to McKinsey, Nigeria, Egypt, and South Africa were to blame for 65% of the decline in Africa’s GDP. The paper, “Reimagining Economic Growth in Africa: Turning Diversity into Opportunity,”…
The Nigerian Exchange Limited (NGX) stock market was dominated by profit-taking investors as capitalization extended losses for a second straight session, falling by N37 billion at the close of yesterday’s…
The management of United Nigeria Airlines Limited has announced ambitions to grow the size of its fleet and extend service to more African destinations. The airline will purchase two Embraer-190…
IATA, the International Air Transport Association, has raised expectations for 2023 and voiced optimism for increased airline industry profitability in the coming year. IATA also stated that the airline industry’s…
Mr. Indranil Gupta, Group Managing Director of the Nigerian Aviation Handling Company Plc (NAHCO), credits the company’s success and the profit realized in the 2022 fiscal year to its strategic…
Senior members of the Nigeria Customs Service (NCS) have pleaded with President Bola Tinubu to halt the divisive $3.2 billion e-customs project, which is being pushed by the NCS Comptroller…
In May 2023, 25.17 percent of Nigerians living abroad have National Identification Numbers. Since the National Identity Management Commission began its diaspora enrollment process in 2019, 427,962 Nigerians have been…
According to a report from the Organization of the Petroleum Exporting Countries, Nigeria’s crude oil output has fallen below 1 million barrels per day. The nation’s oil output for May…