Real Time Financial News Website
The Nigeria Union of Petroleum and Natural Gas workers declared its support for the imminent industrial action by the Petroleum Tanker Drivers branch. The union made this announcement on sunday…
Financial analysts and economic experts have expressed worry over the plan by the Central Bank of Nigeria to stop the sale of foreign exchange to Deposit Money Banks by December…
Residents of Abuja and neighbouring states of Niger and Nasarawa are still facing tough times sourcing for petrol with the selling price of N400/litre by black marketers. The development came…
Saudi Arabia said it will transfer 4% of the stock in the state-run oil giant Aramco to its sovereign Public Investment Fund. The infusion is valued at nearly $80 billion.…
The Executive Director of the Nigerian Export Promotion Council, Dr Ezra Yakusak, has said the Federal Government has disbursed N50bn Export Development Fund. The beneficiaries are SMEs’ and stakeholders within…
The New Nigeria Development Company has reported a profit before tax of N335.42m for the year ended March 31, 2021, compared to N273.22m in 2020. The NNDC is a conglomerate…
Nigerian FG lashed at the Canadian government and Twitter for double standard over handling of truckers’ protest against Covid-19 restrictions. The FG position was that Canadian protesters who blocked roads…
Some Nigerians have been complaining about improper activities of “loan sharks” who offer them unsolicited loan facilities only to start harassing them when there is delay in repayment. Findings by…
U.S. electric vehicle maker Tesla sold 59,845 China-made vehicles in January, the China Passenger Car Association (CPCA) said on Monday. Tesla, which is making Model 3 sedans and Model Y…
Japan’s Toshiba Corp plans an extraordinary general meeting of shareholders on March 24, to seek their initial approval to hive off its devices business, the company said on Monday. The…
Knife Capital, a South African venture capital firm, is raising a $50 million fund for startups looking to raise Series B financing. With Knife Fund III called the African Series…
Standard Bank Group Limited says five major African economies will face debt risks over the next two years as pandemic reliefs for needy countries draw to an end. The lender…
Kenyan-based electric vehicle technology and financing startup BasiGo has closed a $4.3 million seed funding round. The funding was led by Novastar Ventures with participation from several Silicon Valley investors…
The pandemic has accelerated the use of telemedicine, virtual care and drug delivery, thus fuelling investor interest in the sector. Investment has also trickled down to Africa, with large checks…
African Export-Import Bank (Afreximbank) has announced an investment by the Fund for Export Development in Africa (FEDA), its development impact-oriented subsidiary, into TND SA, a leading FMCG Company in Mauritania.…
Brent crude oil rose to $95 a barrel for the first time since October 2014 amid between Russia and Ukraine. Brent crude futures, the global oil benchmark, climbed 3.9 percent…
Apple Inc is raising the pay of many U.S. retail employees effective this month, Bloomberg News reported on Friday. The hikes range from 2% to 10% depending on store location…
The European Union Ambassador in Nigeria, Samuela Isopi, has said the EU bloc is the largest trading partner and key investor in Nigeria. Isopi said this during a meeting with…
The British economy grew 7.5% in 2021, official figures revealed Friday, rebounding from its historic 9.4% plunge in 2020 when pandemic restrictions stifled activity. On a quarterly basis, U.K. GDP…
The Nigerian National Petroleum Company Ltd. may need an estimated N201 billion worth of clean Premium Motor Spirit (petrol), to bring 170.25 million litres of adulterated products imported into the…
Transporters of PMS on Thursday said the nationwide scarcity of PMS was partly due to the gradual halt in the operations of truck owners. PMS transporters have stopped transporting the…
The naira continued its downward trend as the dollar was sold for N417.51 at the official market on Thursday. This was contained in data obtained from the Central Bank of…
The boss of European food delivery firm Delivery Hero has apologized to investors after shares of the company plummeted more than 30% on disappointing earnings guidance for 2022. “Today our…
In recognition of the giant strides and efforts by Junior Achievement Worldwide – the parent body of Junior Achievement Nigeria and other Junior Achievement across 119 countries – in equipping…
The Petroleum Tanker Drivers branch of the Nigeria Union of Petroleum and Natural Gas workers on Wednesday threatened to begin a sudden nationwide strike. The union protested the failure of…
MTN Nigeria has paid the remaining $253.86 million to complete the $273.6 million fifth generation (5G) licence fee to the Federal Government before the February 24 deadline, an industry source…
Acting DG Mrs Adesola Taiwo of Industrial Training Fund was summoned by the House of Representatives Committee on Public Accounts. Adesola was invited, over the operation of the agency’s budgets…
Electric car maker Tesla Inc (TSLA.O) is recalling 578,607 vehicles in the United States because pedestrians may not be able to hear a required warning sound of an approaching car…
Telecommunication operators have begun preparations towards migrating to the Virtual NIN platform in a bid to resolve the technical difficulties that have grounded the NIMC portal. This is coming about…
The National Broadcasting Commission has granted an operational licence to the National Youth Service Corps for the commencement of direct satellite broadcasting and Internet protocol television. The NYSC Director-General, Major…