Real Time Financial News Website
The Nigerian Electricity Regulatory Commission (NERC) has sanctioned a deal to procure 450 megawatts of electricity from the newly completed Zungeru Hydro Electricity Generation Company Limited. This move, driven by…
An Industrial Court in Lagos has mandated Arik Air to compensate a former employee, Mrs. Andreia Perdigao, with eight months’ salary arrears amounting to $21,466.64 after she was wrongfully dismissed…
The Federal Government of Nigeria has announced the inclusion of 17 deep offshore oil blocks in the 2024 Licensing Round, expanding opportunities for investors in the nation’s oil fields. This…
Investors in Nigeria’s modular refinery sector have initiated discussions with the African Export-Import Bank (Afreximbank) to access part of the $18 billion fund aimed at developing refineries across Africa. This…
There is growing tension among staff and management of the Nigeria Civil Aviation Authority (NCAA) and the Ministry of Aviation and Aerospace Development regarding the appointment of a substantive director-general…
The House of Representatives Committee on Public Petitions has summoned the managing director and senior management staff of Nigeria AGIP Oil Company (NAOC) following a petition alleging the diversion of…
Shell has announced its acquisition of Singaporean LNG company Pavilion Energy from Temasek, aiming to bolster its leadership in the liquefied natural gas market. While financial specifics were not disclosed,…
The NATO Innovation Fund (NIF) has confirmed its first investments, allocating part of its €1 billion fund to four European technology companies aimed at bolstering defense, security, and resilience. This…
Toyota’s Chairman Akio Toyoda, along with nine other board members, was re-elected at the automaker’s annual general meeting on Tuesday. Despite recommendations against Toyoda’s re-election from leading proxy advisers due…
Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, emphasized the necessity of global partnerships, innovation, and a collective effort to tackle energy challenges for a sustainable future. Speaking…
Adrian Wood, former CEO of MTN Nigeria, has re-entered the Nigerian telecom industry as the new Chief Executive Officer of ntel, the telecom company formed from the unbundling of NITEL.…
Nigeria’s ambitious plans to expand its Liquefied Natural Gas (LNG) projects, including the notable Train-7 initiative, face significant risks, according to a new report by the International Institute for Sustainable…
Universities Scotland has raised alarms over the potential 20% reduction in international student numbers, warning it could significantly hinder the ability to subsidize tuition fees for Scottish students. Experts are…
The Nigerian box office is on track to reach an unprecedented N10 billion in revenue from cinema ticket sales and movie releases by the end of 2024, according to projections…
The Nigeria Export Processing Zones Authority (NEPZA) has announced new measures aimed at retaining foreign businesses and startups within Free Trade Zones (FTZs) across the country. In a bid to…
Financial experts have urged for innovative solutions to counter the escalating threat of cyberattacks, aiming to bolster confidence in banking transactions. This call to action was articulated during the 2024…
Airtel Telesonic, the wholesale division of Airtel Africa, has achieved a significant milestone by activating the 2Africa Submarine Cable System. This development marks a major enhancement in connectivity across the…
Wemabod Limited has announced a leadership transition with the appointment of Bashir Oladunni as the new Managing Director and Chief Executive Officer, effective from December 19, 2024. Oladunni succeeds Oluyemi…
Lagos Business School (LBS) and Stanbic IBTC Holdings emphasized the need for businesses to integrate environmental sustainability into their corporate strategies. This message was conveyed during the presentation of a…
The African Development Bank (AfDB) has announced its commitment to match the $150 million in concessional loans and grants from Italy aimed at funding developmental projects across Africa. Italy’s initiative…
The Nigerian Customs Service (NCS) has launched a new initiative aimed at cracking down on operators of improperly imported private jets into the country. Approximately 80 private jet operators are…
Wealthy Chinese investors are increasingly turning to Hong Kong investment products, such as insurance and high-yield time deposits, to safeguard their returns from the downturn in China’s economic and property…
China’s economic data for May revealed a mixed picture, with industrial output growth slowing to 5.6% year-on-year, below expectations, while retail sales exceeded forecasts due to a holiday boost. Despite…
Over the past eleven years, Nigeria has only managed to add 760 megawatts (MW) to its national grid, increasing its power output to an average of 4,160MW by mid-2024. In…
Wall Street stocks and bonds maintained stability following a dynamic macroeconomic week, despite concerns over French political instability and a worsening Chinese housing market crisis. Goldman Sachs raised its S&P…
Oil prices remained steady on Monday as mixed Chinese economic data tempered hopes for increased demand during the northern hemisphere’s summer driving season. Despite a boost in Chinese retail sales,…
Goldman Sachs has increased its 2024 year-end target for the S&P 500 Index to 5,600, up from a previous target of 5,200. This revision is driven by strong earnings growth…
Shares stabilized on Monday as European stocks partially recovered from last week’s losses, with the euro remaining weak amid ongoing political uncertainty in France. Investors are closely watching central bank…
South Korea’s SK Group Chairman, Chey Tae-won, addressed concerns on Monday about the potential impact of his recent divorce payment ruling on the conglomerate. Following a Seoul High Court decision…
Toyota Motor Corporation’s Chairman, Akio Toyoda, is expected to secure re-election at the automaker’s annual general meeting (AGM) despite recent governance scandals. However, any significant decline in shareholder support could…