Real Time Financial News Website
The Federal Government has announced the commencement of testing on the 700 megawatts Zungeru Hydroelectric Power Plant, located in Niger State. Contrary to some claims, the $1.3 billion project has…
As the Nigerian National Petroleum Company, NNPC Limited, works to alleviate petrol scarcity in Lagos and its surroundings, Dangote Refinery and oil marketers are actively finalizing decisions on pricing and…
The Lagos State Government has issued a notice to demolish the $200 million Landmark Beach Resort, citing obstruction to the planned route of a 700-kilometer coastal road connecting Lagos with…
The Nigerian equities market faced its third consecutive weekly loss as investors grappled with the potential impact of the Central Bank of Nigeria’s (CBN) bank recapitalization plans. Notably, Tier-1 banking…
First City Monument Bank (FCMB) has reiterated its dedication to sustainable manufacturing practices aimed at reducing negative environmental impacts and conserving energy and natural resources. This commitment was showcased at…
The manufacturing sector’s contribution to Nigeria’s non-oil exports has experienced a significant decline of 62% over the past four years. Data from the latest foreign trade report reveals that manufacturing…
Cashew farmers in Nigeria anticipate a slight decrease in output for the 2024 season due to the severe harmattan season experienced in key growing areas. The harsh harmattan conditions have…
The Central Bank of Nigeria (CBN) has successfully implemented most of its long-awaited monetary policy reforms, providing a window of opportunity for the government to secure sustainable dollar inflows. The…
U.S. Treasury Secretary Janet Yellen recently highlighted growing worries about China’s excessive manufacturing capacity, emphasizing the issue during economic discussions with Chinese officials. Yellen expressed concerns that China’s large-scale manufacturing…
Last month, German software developer Andres Freund, employed by Microsoft, made a startling discovery during performance tests. He found that the latest version of the open source program XZ Utils…
In a significant move to expand its portfolio of medical devices for heart disease treatment, Johnson & Johnson (J&J) has agreed to acquire Shockwave Medical for $12.5 billion. This deal,…
Indonesia is reviewing regulations aimed at limiting imports of over 3,000 products, according to a senior trade ministry official. The move comes after industry concerns that the rules could disrupt…
Foxconn, the world’s largest contract electronics manufacturer and key assembler of Apple’s iPhone, anticipates a rise in second-quarter revenue following a quarter that fell short of market expectations. The first…
Starting April 30, 2024, Canada’s immigration department, IRCC, will increase fees for permanent residency applications. The fee, currently at $515, will rise to $575, marking a 12 percent increase. This…
United Capital Plc, a prominent financial and investment services company in Nigeria, has experienced a remarkable surge in revenue, reaching its highest level in at least eight years, as per…
Motorists in certain parts of Lagos encountered renewed queues at petrol stations on Thursday, attributed to challenges faced by the Nigerian National Petroleum Company Ltd (NNPC) in fulfilling national petrol…
In 2023, imports of raw materials into Nigeria witnessed a substantial increase of 25%, totaling N3 trillion, as per data from the National Bureau of Statistics’ Foreign Trade Statistics. Major…
Stock investors faced losses totaling N252 billion as the Nigerian Exchange sustained a bearish trend on Thursday, continuing a decline that began after the Easter holidays. The market witnessed a…
Dr. Tunji Olowolafe, the Chancellor of Ekiti State University, has announced the establishment of a N1 billion Innovation Fund aimed at supporting agro-tech enterprises founded by the university’s students and…
The Federal Government has announced intentions to launch domestic bonds denominated in foreign currency in the second quarter of this year, specifically in June. The Minister of Finance and Coordinating…
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, introduced an upgraded version of its mobile app tailored specifically for businesses. During the event held in Lagos, the Head of…
The Christian Aid UK Nigerian Programme has disclosed that less than 30% of taxable citizens in Nigeria contribute to tax revenue. This revelation was made during a media engagement event…
ThinkBusiness Africa, an economic analysis and policy advocacy group, has raised concerns regarding the assertions made by the Corporate Accountability and Public Participation Africa (CAPPA) report on the impact of…
The Ariens Company, famous for its bright orange snow blowers and lawnmowers, had a tough time last summer when sales dropped. This caused Dan Ariens, the company’s leader, to make…
The United States hasn’t told India to stop buying oil from Russia. Instead, they want to make sure the global oil supply stays stable while cutting off money for Russia.…
The International Organization of Securities Commissions (IOSCO) suggested new guidelines on Thursday to help regulators keep a closer eye on stock exchanges and their changing business practices. Over the last…
A group of Japanese companies have agreed to increase wages by 5.24% this year, according to Rengo, the country’s largest union group. This is the third announcement regarding the annual…
The Nigeria Customs Service (NCS) has announced a significant increase in its revenue for the first quarter of 2024 compared to the same period last year. Revealing a remarkable 122.35%…
A new report by the International Air Transport Association (IATA) has revealed that African airlines experienced a remarkable 22% year-on-year increase in demand for air cargo in February. This growth…
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has implemented a new selection process for beneficiaries of its N5 billion credit facility aimed at supporting small businesses in…