Real Time Financial News Website
Google has unveiled a new service called BigQuery Studio, designed to address the challenges of executing big data analytics. BigQuery Studio is part of BigQuery, Google’s fully managed serverless data…
A group of army officers in Gabon announced on national television that they had seized power in the Central African nation following the recent presidential election. President Ali Bongo had…
Safaricom, a leading telecommunications company in Kenya, has commenced the distribution of a final dividend of KSh 24.84 billion to its shareholders, a move that has been executed two days…
The World Bank has communicated its engagement with the Federal Government of Nigeria to ensure that public funds are utilized efficiently and effectively for the benefit of the Nigerian population.…
Plural, an AI-powered policy tracking platform, has expanded its services into Africa, starting with South Africa and Nigeria. The platform aims to provide access to public policy data across different…
Shell Offshore, a subsidiary of Shell, has entered into a letter of intent (LOI) with Seatrium Oil and Gas International, a subsidiary of Seatrium Limited, for the construction of a…
Crude oil prices continued their upward trajectory, buoyed by a combination of factors including the approach of Hurricane Idalia to the Gulf Coast and a surprising inventory draw reported by…
As flooding engulfs frontline states following the release of water from Cameroon’s Lagdo Dam, over 3.04 million Nigerian farmers are facing the challenge of repaying a Central Bank of Nigeria…
Nigeria’s commodities exchange, AFEX, and Ghana Commodities Exchange (GCX) have embarked on a transformative partnership by signing a Memorandum of Understanding (MoU) to enhance the commodity trading landscape across both…
As inflation and economic pressures continue to rise, Nigeria’s deposit money banks (DMBs) are cautioned to brace for stretched operating expenses, warns renowned pan-African rating agency, Agusto&Co. The agency’s recent…
Juliet Ehimuan, a distinguished figure in the technology industry and former Director of Google West Africa, has been appointed as a Non-Executive Director by the Board of Directors of Zenith…
Tony Elumelu, Founder of the Tony Elumelu Foundation (TEF), has praised the administration of President Bola Tinubu for its courageous efforts in addressing the root causes of issues and introducing…
Domestic transactions on the Nigerian Exchange Limited have soared to N1968.4 billion year-to-date, surpassing the entire value of transactions by domestic investors in 2022, which was N1945 billion. Foreign investors,…
Bureau de Change (BDC) operators and the Central Bank of Nigeria (CBN) seem to be on a collision course as tensions rise over market infractions and regulatory expectations. Amid accusations…
In a dynamic trading session, the Nigerian stock market witnessed high activity, with FBN Holdings, Japaul Gold, UBA, Access Corporation, and Transcorp emerging as the top actively traded stocks. Investors…
Twiga Foods CEO, Peter Njonjo, transferred 20,000 acres of land allocated to him by the administration of President William Ruto in Kenya’s Galana-Kulalu scheme to his private company, Selu Limited.…
The Nigerian government has issued a warning that several states located along the path of the River Benue could experience flooding within the next week due to the opening of…
Contrary to previous reports indicating that the currency swap agreement between Nigeria and China had expired, the Central Bank of Nigeria (CBN) has disclosed that the bilateral currency agreement was…
KPMG Nigeria Adjusts Economic Forecast to 2.65%, Citing Factors Such as Oil Production Contraction and Reforms Impact. KPMG Nigeria has revised its economic forecast for Nigeria’s growth rate from 2.85%…
Nigerian cryptocurrency platform Patricia has revealed its intention to use a newly created debt management token, the Patricia Token (PTK), to repay customers the $2 million in customer funds that…
The UK Ministry of Defence has reported that Ukraine and Russia are engaged in a conflict over strategic oil and gas platforms in the Black Sea. These platforms are operated…
The hopes for the Port Harcourt refinery’s resumption of fuel production by December 2023, following its Turn Around Maintenance (TAM) that began in 2019, seem to be hanging in the…
Bernard Looney, the CEO of BP, engaged in discussions today with Egypt’s President Abdel Fattah al-Sisi and Minister of Petroleum and Mineral Resources Tarek El Molla. Nader Zaki, BP’s regional…
Despite the economic growth dipping to 2.51% in the second quarter of the year, experts anticipate that a combination of reforms in the real sector and an upturn in oil…
Tony Elumelu, the Group Chairman of United Bank for Africa (UBA) Plc, emphasized the critical necessity for innovative and bold strategies to drive Nigeria’s transformative nation-building efforts. Speaking at the…
At a post Capital Market Committee (CMC) press briefing, Dayo Obisan, the executive commissioner in charge of operations at the Securities Exchange Commission (SEC), revealed that the unclaimed dividend in…
Foreign investment in Nigerian stocks has dropped to its lowest point since President Bola Tinubu’s reforms initiated a significant market rally, according to data from the Nigerian Exchange Limited (NGX).…
The Nigerian stock market kicked off the week on a positive note as renewed investor interest in key stocks like BUA Foods Plc and Dangote Sugar Refinery led to an…
The total value of unclaimed dividends in Nigeria has risen to N190 billion, marking a 7.35% increase from the N177 billion recorded in 2021, according to the Securities and Exchange…
The Nigerian Content Intervention (NCI) Fund, managed by the Bank of Industry (BoI) under the Nigerian Content Development and Monitoring Board (NCDMB), has disbursed N38.4 billion to 69 companies. The…