Real Time Financial News Website
Customs licensed agents have explained why the Lagos ports of Apapa and Tincan Island accounted for 89.9% of Nigeria’s total trade in the first quarter of 2023. According to the…
Trade worth approximately $226.34 million between Nigeria and Niger is under threat due to the recent closure of the border between the two countries. The closure follows a military coup…
A consortium comprising the World Bank, Clean Technology Fund, and the Dutch Cooperation is set to finance solar power projects with a total value of $338.7 million in Nigeria and…
The timeline for the completion of the 11,000 megawatts (MW) power project, a collaboration between the Federal Government of Nigeria and German-based Siemens, has been extended to 2030, as reported…
Nigeria has ranked as the country with the highest unemployment rate globally, according to recent statistics released by the World of Statistics. Nigeria led with an unemployment rate of 33.3%,…
Indigenous energy company, Seplat Energy Plc, reported a 10.21% increase in its gas revenue for the first half of 2023, reaching $63.7 million compared to $57.8 million in the same…
Motorists in Tanzania will face a significant increase in fuel prices as the existing shortage of the United States dollar has led to a surge of 17 percent in fuel…
The value of dollar deposits in Kenyan commercial banks has reached a record high of Sh1.185 trillion by the end of June, driven by the depreciating value of the Kenyan…
The Securities and Exchange Commission (SEC) and the Capital Market Community plan to collaborate with the Federal Ministry of Mines and Steel Development (FMMSD) and other stakeholders to promote alternative…
The Abuja Chamber of Commerce and Industry (ACCI) has called on the Federal Government to expedite the implementation of the N125 billion grants aimed at supporting Small and Medium-sized Enterprises…
The United Kingdom’s Foreign, Commonwealth, and Development Office (FCDO) have expressed their commitment to collaborating with the Nigerian Exchange Limited (NGX) to facilitate more dual listings and strengthen investment ties.…
The United States Agency for International Development (USAID) has issued a warning to Nigeria and other African countries about the potential rise in food prices. Following Russia’s withdrawal from the…
The Convention on Business Integrity (CBi) revealed that shipowners’ operational costs in Nigeria have dropped by 86.67 per cent, from $150,000 to $20,000, since 2021. This remarkable reduction is attributed…
The Nigerian Exchange Limited (NGX) recently listed the Federal Government’s N130bn sovereign Sukuk through the Debt Management Office (DMO) on its platform. The listed Sukuk is a 10-year 15.64 per…
Oil marketers in Nigeria have highlighted the potential cost savings and benefits of local refining, stating that it could save at least N70 per litre off petrol prices when fully…
Eterna Plc, in its IFRS Financial Statements for the half-year ended June 30, 2023, reported a revenue growth of 21.2 per cent, amounting to N69.34 billion compared to N57.22 billion…
After four days of bearish trading, the Nigerian Exchange Limited witnessed a return of bullish trading on Wednesday, resulting in investors gaining N41 billion by the end of the day’s…
Oil marketers in Nigeria have stated that local refining of petroleum will reduce petrol prices by at least N70 per litre when the refineries are fully operational. The National Controller…
The Federal Competition and Consumer Protection Commission (FCCPC) has given digital money lenders a five-day ultimatum to demonstrate that they are operating in line with the set guidelines. Additionally, the…
President Bola Tinubu has authorized the release of over N275 billion to revive the manufacturing and Micro, Small, and Medium-sized Enterprises (MSME) sectors, aiming to mitigate the impact of fuel…
The Nigerian National Petroleum Company Limited (NNPCL) plans to prioritize gas development and transportation projects to achieve affordable and clean energy, aligning with the United Nations Sustainable Development Goal (SDG)…
The Nigerian Electricity Regulatory Commission (NERC) has introduced a compensation scheme for electricity consumers who receive poor service from their distribution companies (DisCos). According to a document signed by NERC’s…
Workers of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) staged a protest at the commission’s headquarters in Abuja, demanding the payment of seven months’ salaries and resolution of other pending…
Shell Nigeria Exploration and Production Company (SNEPCO) has extended an invitation to rig providers for a deepwater mobile drilling project in the Bonga fields, located on Oil Mining Licence (OML)…
The Niger Delta Development Commission (NDDC) and the Nigeria Liquefied Natural Gas Company (NLNG) are set to sign a Memorandum of Understanding (MoU) to promote sustainable development in the Niger…
The Asset Management Corporation of Nigeria (AMCON) has revealed that it successfully recovered N1.6tn from bad debtors during its existence of over a decade. Out of a total debt of…
Ghana’s government aims to reach an agreement with its commercial creditors to restructure Eurobonds totaling $13 billion by the end of 2023. Two bondholder groups have been formed, consisting of…
President Bola Ahmed Tinubu addressed the nation, assuring Nigerian workers of an upcoming salary review to improve their welfare amidst challenging economic conditions. In his nationally televised speech, President Tinubu…
The Central Bank of Nigeria (CBN) has issued a circular exempting Primary Mortgage Banks and Microfinance Banks that provide banking services to the economically active poor from the cash withdrawal…
In July, Nigeria’s external reserves experienced a decline of $167.2 million, as the value of the naira depreciated against the dollar. The reserves, which stood at $34.12 billion on June…