Real Time Financial News Website
The People’s Alternative Political Movement has asked the federal government to provide details of the N3 trillion budgeted for petrol subsidy in 2022. The group also demanded details of the…
NGX Domestic & Foreign Investment report for December 2021, The total value traded on the local bourse declined by 19.3% ($363.8million) in December from ($472.5million) in November. Institutional investors still…
Giant telecom company MTN Nigeria reported a revenue of over N70 billion in 2021 from Value Added Services (VAS) Value-added Services include Backup & welcome back services, airtime lending, mobile…
AFEX one of Nigeria’s commodity players seeks to raise $175 million in its bid to provide low-cost financing to agro-processors in Africa. The commodity exchange firm said the new funding…
The seasonally adjusted unemployment rate in December was lower than the 2.8% in the previous month, which was also the median forecast in a Reuters poll of economists. The seasonally…
Sony Interactive Entertainment will acquire Bungie Inc, the original creator of the “Halo” videogame and developer of “Destiny”, in a deal valued at $3.6 billion, making it the latest in…
An antitrust review of Microsoft Corp’s proposed acquisition of Activision Blizzard will be handled by the U.S. Federal Trade Commission (FTC). The FTC will oversee the investigation into whether the…
Godwin Emefiele, governor of the Central Bank of Nigeria(CBN), says 28 companies benefitted from the first cycle of the 100 for 100 policy on production and productivity (PPP). Emefiele said…
Bamboo, a Nigerian brokerage app that lets Africans buy and trade US stocks in real-time has secured a $15 million Series A funding round to accelerate its growth across the African…
The Cocoa and Plantain Farmers Association of Nigeria says it has secured a loan of N2.5bn for its members from a commercial bank to support their farming businesses. The National…
The Central Bank of Nigeria (CBN) has reduced ATM withdrawal charges, inter-bank transfer fees as it issues a downward review of charges for electronic banking transactions in its revised guidelines…
The Federal Government has processed $98m as partial payments for the ongoing rehabilitation of the Port Harcourt Refining Company. Advance payment of $194m which is 15% required for the rehabilitation…
FUGAZ an acronym for the five biggest banks in Nigeria by market capitalization appreciated by 0.16% as investors in these banks gain a total of N4.33 billion during the trading…
Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse (CSGN.S) in a money-laundering trial due to begin on Feb. 7, the Swiss Federal…
The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria have shown. The rise in forex inflow was attributed to…
Financial experts have urged the Federal Government to stop the introduction of more taxes because of the nation’s weak economy. They said this in separate interviews with the News Agency…
Wamly a one-way video interview software startup based in South Africa secures funding from local venture capital firm Knife Capital to help fund its international expansion plans. Founded in 2018…
Africa-focused venture capital firm TLcom Capital, known to have made bets on Andela and Twiga, is raising $150 million for its second fund targeted at making early- and late-stage investments.…
Oikocredit has provided Ecoligo with a € 5 million loan for the purpose of solar energy growth used to power small and medium enterprises in Ghana and Kenya With our…
The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window, where forex is traded officially. Naira gained against the US…
The federal government says non-resident companies (NRC) are mandated to remit 6% of turnover from digital services provided to Nigerian customers. An NRC is a company not registered or incorporated…
A recent survey carried out by CNBC reported that 81% of executives worldwide say AI will play a notable role in business operations this year. Companies are phasing from the…
A new initiative will soon be launched in Africa to increase financing for renewable energy. It is a mechanism that will be set up by the Paris-based Eiffel Investment Group…
The Manufacturers Association of Nigeria has urged the Central Bank of Nigeria (CBN) to extend the implementation of the E-invoice and E-evaluator initiatives by 90 days to accommodate inputs of…
Goodwell Investments has led a $50m Series C equity round in Copia Global, a B2C e-commerce platform with a distribution solution to serve the rapidly growing 750 million middle and…
U.S. Treasury Secretary Janet Yellen will participate in a February meeting of the G20 remotely because of a rise in the Omicron variant of the coronavirus, the U.S. Treasury Department…
Macau Legend reported Chan had been arrested in a statement to the Hong Kong stock exchange on Sunday, adding it did not expect any adverse impact from this on its…
Education group Pearson has agreed to buy the certification company Credly to expand its offering to businesses looking to train and retain workers at a time of tight labour markets…
Asian shares swung higher on Monday as Wall Street futures stabilised, though tests loom ahead as UK interest rates are expected to rise this week and surging oil prices add…
Goldman Sachs is forecasting that the U.S. Federal Reserve will raise interest rates five times in 2022, versus four previously, with a hike expected in March, according to a note…