Real Time Financial News Website
President Bola Ahmed Tinubu addressed the nation, assuring Nigerian workers of an upcoming salary review to improve their welfare amidst challenging economic conditions. In his nationally televised speech, President Tinubu…
The Central Bank of Nigeria (CBN) has issued a circular exempting Primary Mortgage Banks and Microfinance Banks that provide banking services to the economically active poor from the cash withdrawal…
In July, Nigeria’s external reserves experienced a decline of $167.2 million, as the value of the naira depreciated against the dollar. The reserves, which stood at $34.12 billion on June…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced that the total gas flare penalties collected from oil and gas companies between January 2023 and the present date amount to $85.1…
Three major cement-producing companies in Nigeria, including Dangote Cement, Lafarge Africa, and BUA Cement, struggled to generate a marginal 2.5% increase in profits, reaching N277.7 billion in the first half…
Nigeria is reportedly facing significant losses of approximately $15 billion annually due to congestion and various maritime-related issues at the nation’s seaports. These challenges, including gridlock, multiple taxation, delays, cargo…
Petroleum engineers in Nigeria have voiced concerns over the decline in crude oil exports, attributing it to the ongoing security challenges surrounding oil pipelines. Despite ongoing oil exploration efforts, many…
Amidst an unfavorable business climate in Nigeria, foreign investments in the manufacturing sector saw a sharp decline of 51% in 2022, totaling $978.31 million, compared to $2 billion in 2021.…