Real Time Financial News Website
The Nigerian Civil Aviation Authority (NCAA) has suspended the permits for non-commercial flight licenses of three private jets for engaging in commercial operations. Captain Chris Najomo, the acting Director-General of…
The Nigerian government has explained that the recent increase in electricity tariffs mainly affects a small, affluent portion of the population. Information Minister Mohammed Idris stated that 85% of Nigerians…
As of January, Nigeria’s broadband penetration dropped to 42.53%, with 92.19 million subscriptions in a country of over 200 million people, revealing a significant deficit in internet access. The Nigerian…
United Bank for Africa Plc (UBA) has affirmed its confidence in meeting the new capital base set by the Central Bank of Nigeria. During its 2023 Full Year Investors’ Conference…
Royal Exchange Plc, a company offering life assurance, health insurance, and credit financing services, saw its recent rights issue close with only 75.83% subscription, as reported by the Nigerian Exchange…
In this interview, the Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, discusses the impact of unremitted dollar debts on manufacturing firms. Despite the Central Bank of Nigeria’s claims…
Transcorp Power has revealed its ambition to boost electricity generation at its Ughelli power plant, targeting a peak of 740 megawatts by the end of 2024. During a virtual presentation…
iThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced a new template to facilitate seamless domestic crude oil supply, including the option to pay for domestic crude in naira. Engr.…
The Securities and Exchange Commission (SEC) has revealed plans for the Capital Market Committee (CMC) meeting, scheduled to be held virtually on Thursday, April 18, 2024. The purpose of the…
United Bank for Africa (UBA) Plc has unveiled its strategies to bolster growth prospects for the 2024 financial year. During the 2023 Full Year Investors’ Conference Call, UBA’s Group Managing…
The National Bureau of Statistics (NBS) has reported a staggering increase in food inflation to 40% in March, marking a significant rise of 15.56 percentage points compared to March 2023.…
Nigeria experienced a significant loss of approximately N720 billion in revenue due to consecutive monthly declines in crude oil production in February and March 2024, according to The PUNCH. This…
The Federal Government has urged members of the National Union of Electricity Employees (NUEE) not to go on strike in response to the recent electricity tariff hike. The union has…
Four of Nigeria’s tier-1 banks, including FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc, and United Bank for Africa Plc, have announced intentions to raise over $3.03 billion (N3.46…
The International Energy Agency (IEA) has voiced support for the United States’ stance, indicating that Ukrainian drone strikes on Russian oil refineries could disrupt global petroleum markets, as reported by…
Zenith Bank Plc has announced its proactive measures to comply with the Central Bank of Nigeria’s (CBN) new capitalization requirement of N500 billion. The bank revealed its strategy in its…
Air Peace recently launched flights on the Nigeria-London route, sparking intense competition with established foreign airlines. The airline’s inaugural flight on March 31, 2024, marked a significant milestone, boasting a…
In 2023, investors in six Nigerian financial institutions reaped significant rewards, with final dividends totaling approximately N366.93 billion, as reported by The PUNCH. This amount marks a substantial increase of…
Nigeria’s Minister of Power, Adebayo Adelabu, has provided assurance that the country is set to generate 6,000 megawatts (MW) of electricity within the next six months. Speaking on Channel Television’s…
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Kyari, has vowed to escalate the supply of Nigeria’s gas to both local and international markets, with the aim…
A high court in Ikeja, Lagos, has approved a N50 million bail for the former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on April 12, 2024. Judge Rahmon Oshodi…
Following the Nigerian Electricity Regulatory Commission’s (NERC) recent increase in electricity tariffs for Band A customers, electricity distribution companies (DisCos) are grappling with challenges in sustaining consistent power supply. Despite…
A Reuters poll conducted on Thursday suggests that China’s exports likely declined in March, following a period of better-than-expected growth in the first two months of the year. Economists anticipate…
The company will outfit athletes from various countries, including the United States, Canada, China, Kenya, Germany, Uganda, and more, across a range of sports such as basketball and breaking, a…
President Joe Biden’s administration is incentivizing farmers to adopt practices that store carbon in the soil to combat climate change. However, interviews with soil science experts and a review of…
Amazon’s CEO, Andy Jassy, revealed plans to further reduce costs in the company’s fulfillment network, following recent staff reductions across various divisions. In a letter to shareholders, Jassy outlined the…
The Federal Government has announced that it expects to save a significant amount of money this year following the recent increase in electricity tariffs for Band A customers. With the…
As the controversy surrounding the death of tilapia fish in Epe persists, the Dredgers Association of Nigeria (DAN) has issued a stern warning of potential legal action against Epe tilapia…
Catherine Nwosu, the recently appointed Managing Director/Chief Executive Officer of Africa Prudential Public, has outlined plans for the firm to explore opportunities in the capital market. Speaking at the group’s…
Kingsley Achife, the Managing Director of Ibadan Electricity Distribution Company (IBEDC), has issued an appeal to customers, urging them to refrain from assaulting the company’s workers in the field. In…