Real Time Financial News Website
Airtel Africa Plc has appointed Emeka Oparah, a communications professional, as vice-president, corporate communications. Airtel disclosed this in a statement issued on Tuesday. According to the statement, Oparah will manage…
Cititrust Holdings Plc, a pan-African financial and investment conglomerate, says it will transform into a publicly owned company by listing on the Nigerian Exchange Limited (NGX) by the end of…
A bill seeking to establish the Solid Minerals Development Bank has passed the second reading at the senate. The bill was passed after Yakubu Oseni, senator representing Kogi central and…
Nigerian Exchange Limited says the Federal Government of Nigeria has listed $4 billion Eurobonds on its platform. The Nigerian Exchange Limited (NGX) disclosed this on Monday on its official Twitter…
Nigeria missed its crude oil output target for January 2022, pumping 1.46 million barrels per day against a target of 1.683 million BPD as approved by the Organisation of Petroleum…
CBN Governor Godwin Emefiele inaugurated a rice milling factory in Kano State, with a capacity of 420 metric tonnes per day. The factory was established by a Kano businessman and…
THE Federal Government has engaged with the Major Oil Marketers Association of Nigeria over the N3 trillion subsidy payment. Chairman of MOMAN, Olumide Adeosun, who confirmed this in Lagos, yesterday,…
Nigeria has earned at least N1 trillion as proceeds of privatisation and commercialisation of government-owned enterprises under the National Council on Privatisation. Vice President Yemi Osinbajo disclosed this at the…
Stakeholders in the maritime industry said the continuous closure of the land borders is affecting the ease of doing business in the country. Due to this closure, many enterprises have…
European stocks moved higher on Wednesday amid positive momentum in global markets. The pan-European Stoxx 600 added 0.6% in early trade, with tech stocks climbing 1.3% to lead gains as…
Volvo Car Group’s sales fell 20.2% in January under pressure from the global component shortage, though demand for its products remained strong, the automaker said on Wednesday. Volvo, which has…
Japan will consider imposing tighter curbs on companies in security-sensitive sectors that procure overseas software as part of efforts to ramp up steps to counter cyberattacks, according to a proposal…
Gambling software maker Playtech does not expect its shareholders to approve its proposed takeover by Australia’s Aristocrat, the British company said on Wednesday, adding it was also looking at other…
The Central Bank of Nigeria (CBN) has okayed the appointment of Alhaji Ahmad Abdullahi as non-executive director of First Bank Holding Plc and chairman of the company to replace Mr.…
Japan’s Panasonic on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard by rising costs for raw materials, component shortages and a drop in domestic sales for…
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 104 basis points. The NGX ASI closed at 47,111.21 points, to…
The world’s second largest stablecoin by market capitalization just hit the $50 billion mark, according to data from CoinGecko. Circle’s USDC keeps on growing as it erodes the dominance of…
The Nigerian All-Share Index posted a gain of 9.1% in the month of January, its best January return in about four years. Stocks have now posted positive returns in January…
Nestcoin, a Nigerian tech startup, says it has secured $6.45 million pre-seed capital to accelerate crypto adoptions and web3 operations in frontier markets. Nestcoin is a technology company that develops…
India’s central bank will launch a digital version of the rupee in the next financial year, the country’s finance minister said on Tuesday. “Introduction of a central bank digital currency…
El Salvador’s government on Monday defended the country’s adoption of Bitcoin as legal tender, rejecting calls from the International Monetary Fund to change course. The IMF last Tuesday warned of…
No fewer than 15, 000 university graduates and other youths have applied for the Oyo Road Traffic Management Agency (OYRTMA) job vacancies online. Dr Akin Fagbemi, the Chairman of the…
126,720 retail investors submitted valid applications and received full allotment as MTN Nigeria Communications Plc announced that its first public offer for sale of 575 million shares recorded an oversubscription…
Software company Citrix Systems said on Monday it would be taken private for $16.5 billion including debt by affiliates of Elliott Management and Vista Equity Partners, which are seeking to…
The National Assembly said if resources are prudently spent the Federal Government were capable of generating N3 trillion revenue annually. Lawan said NASS would be strict on increased revenue, and…
A new report reveals the National Information Technology Development Agency engaged in 17 data breach investigations and issued N15m fines in 2021, a new report The Minister of Communications and…
According to the earnings press release, MTN Nigeria raked in N46.41 billion from SMS revenue in 2021, representing 2.81% of the total revenue. This means that all 68.5 million MTN…
Retail Supermarket owners of Shoprite in Nigeria, have announced plans to reopen the Circle Mall Store located in Jakande, Lekki Lagos. The Jakande and Maryland store was closed following the…
Phantom, a software wallet and browser extension for the Solana ecosystem has raised $109 million in Series B financing which puts the firm at unicorn status as it is valued…
Senate President Ahmad Lawan says revenue generating agencies of the federal government are capable of generating N3 trillion annually. Lawan said this on Monday in Abuja at an interactive session…