Real Time Financial News Website
Nigeria’s pension assets, totaling N22.8 trillion as of January 2025, remain vastly underutilized for infrastructure development due to prevailing credit and liquidity risks. According to the Africa Finance Corporation’s (AFC)…
The African Development Bank (AfDB) has projected a significant drop of $39.84 billion in foreign funding to Africa by 2025, primarily due to reductions in Official Development Assistance (ODA) from…
The latest data from the Nigerian Communications Commission (NCC) shows a clear trend in Nigeria’s telecom space, MTN is winning big on customer migration, while 9mobile is struggling to keep…
In a bold move to strengthen agriculture and combat food insecurity in the northern parts of the country, Ghana’s Minister for Food and Agriculture, Eric Opoku, has launched a US$1…
In a decisive move to tackle Lagos State’s longstanding energy challenges, the Lagos State Government has signed a Memorandum of Understanding (MoU) with the Rural Electrification Agency (REA). This partnership,…
Creating a sustainable future requires bold and innovative strategies that focus on economic growth, social well-being and environmental care. By prioritizing specifically, skill acquisition, support for the vulnerable and temporary…
The Department of State Service (DSS) has reportedly apprehended Mr. Kingsley Obiora, the Central Bank of Nigeria’s (CBN) Deputy Governor responsible for economic policy. Mr. Obiora has spent four consecutive…
Financial experts suggest that for the Nigerian government to reduce borrowing, it needs to address the issue of insecurity and focus on non-oil revenue sources. While Finance Minister Wale Edun…
The African Union (AU) has suspended Gabon’s membership after military officers ousted President Ali Bongo. This move marks the first regional response to the eighth coup in West and Central…
The Economic Community of West African States (ECOWAS) has refuted reports suggesting that its leader, President Tinubu, proposed a transition plan for Nigeria. The ECOWAS Commission in Abuja issued a…
The Biden administration is providing $12 billion in grants and loans to auto manufacturers and suppliers to retrofit their plants for the production of electric and other advanced vehicles. This…
As China grapples with an economic slowdown and a debt crisis in the property sector, authorities have rolled out a series of measures to stimulate the economy and revive the…
Data from the annual Sacco Societies Regulatory Authority (SASRA) report for 2022 indicates that land purchases and home ownership plans accounted for 33.2% of the new credit advanced by savings…
The Nairobi Securities Exchange (NSE) recorded a substantial 72.4% increase in net profit, reaching Ksh 69.38 million in the first half of the year. This boost was attributed to higher…
A dire warning has been sounded regarding the growing skills gap in Nigeria’s telecommunications sector, which poses a significant threat to the industry’s future. Mr. Omobayo Azeez, a telecoms policy…
MTN Nigeria has successfully raised a substantial sum of N125 billion through its Series 6 and 7 commercial paper notes. This strategic move is part of MTN’s ongoing efforts to…
The Dangote Group has announced a merger of its subsidiaries, including Dangote Sugar, NASCON, and Dangote Rice, through a scheme of consideration. Here’s what this merger means for shareholders: For…
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,…