Real Time Financial News Website
Federal Reserve Governor Christopher Waller has sparked discussions about a possible change in the interest rate environment. R-star, a theoretical rate that reflects a neutral monetary policy stance, may be…
Brazil’s state-owned oil giant Petrobras has a new leader: Magda Chambriard. Her appointment follows the unexpected dismissal of previous CEO Jean Paul Prates, raising concerns about political influence. Chambriard, a…
The Manufacturers Association of Nigeria (MAN) is expressing strong concerns over the Central Bank of Nigeria’s (CBN) recent decision to raise the Monetary Policy Rate (MPR) by 150 basis points.…
The management of Landmark Beach is seeking N42 billion in compensation from the Nigerian Federal Government following the demolition of their property in April 2024. This is the first time…
The Nigerian government has announced a significant investment in young entrepreneurs. The Federal Executive Council (FEC) approved N110 billion allocated as capital to startups and early-growth businesses targeting the youth…
Jensen Huang, co-founder of Nvidia, has become a symbol of the booming tech industry’s growing influence. Thanks to Nvidia’s strong performance and a surge in stock price, Huang’s net worth…
The African Development Bank (AfDB) is stepping up its support for Nigeria’s infrastructure needs with a significant investment of $1.44 billion. This announcement was made during the Nasarawa Investment Summit…
A new report by the National Bureau of Statistics (NBS) paints a concerning picture of potential migration trends in Nigeria. The survey, which covered ten states across the country, found…
Nigerians are facing a significant rise in food prices, according to the latest report by the National Bureau of Statistics (NBS). The Selected Food Price Watch for April 2024 shows…
Aliko Dangote, president of Dangote Industries Limited, is urging increased investment in African industries. Speaking at the Africa CEO Forum in Kigali, Rwanda, Dangote argued that Africa’s future lies in…
The cost of kerosene, a vital fuel for many Nigerian households, has risen significantly. According to the National Bureau of Statistics (NBS), the average price per liter of kerosene increased…
Nigeria’s manufacturing sector is showing signs of optimism for the first time in nearly two years. A survey by the Manufacturers Association of Nigeria (MAN) revealed a rise in their…
There’s good news for Nigeria’s steel industry! The government has reportedly secured potential investments totaling $10 billion to revitalize the Ajaokuta Steel Complex and National Iron Ore Mining Company (NIOMCO).…
Google’s parent company, Alphabet, is reportedly considering acquiring HubSpot, a marketing software company valued at $31 billion. This move would significantly boost Google’s ability to compete with Microsoft in the…
The head of the Federal Aviation Administration (FAA) has cast doubt on Boeing’s ability to quickly resolve safety concerns. This comes as Boeing prepares to submit a plan addressing these…
BHP, the world’s largest mining company, remains committed to its proposed takeover of Anglo American. Despite concerns raised by Anglo American regarding execution risks, BHP is focusing on addressing them…
Nigeria’s top tier-1 banks are reaping significant rewards from the growing popularity of electronic transactions. These banks, including UBA, Access Holdings, FBN Holdings, GTCO Holdings, and Zenith Bank, collectively raked…
International Breweries has secured approval from the Nigerian Securities Exchange Commission (SEC) to proceed with its planned rights issue. This fundraising effort aims to raise N588.3 billion to address the…
Nigeria’s central bank (CBN) has raised interest rates for the third time in 2024, in a bid to control high inflation currently at 33.69%. While this hawkish policy aims to…
Techstars CEO Maëlle Gavet announced her resignation from the company, effective at the end of May, citing health concerns. Gavet’s tenure, which began in 2021, was marked by significant challenges.…
Nigeria’s Bank of Industry (BoI) defied economic downturn by disbursing N496 billion to bolster Micro, Small and Medium Enterprises (MSMEs). This impressive contribution resulted in the creation of an estimated…
Jaiz Bank Plc announced impressive financial results for 2023 and the first quarter of 2024. Their profit before tax reached N11.2 billion in 2023, a significant jump from N6.9 billion…
Azura Power West Africa is bringing the light of education to the Knosk Charity School in Kuje with a 20 kW solar power system donation. The official unveiling will take…
The Aeronautical Information Management Association of Nigeria (AIMAN) is lobbying for the Nigerian Airspace Management Agency (NAMA) to be exempt from a federal government policy that automatically deducts 50% of…
Turkish Airlines fired seven Nigerian staff members for allegedly costing the airline over $600,000 through ticketing reservation violations. This dismissal comes on the heels of a picketing by the National…
Despite a recent hike in interest rates by Nigeria’s Central Bank, rates on one-year treasury bills remained nearly unchanged at 26.08%. This lack of response, known as the “pass-through effect,”…
Nigeria is stepping up its fight against financial fraud as the volume of electronic transactions explodes. With over N1.55 quadrillion (roughly $1 trillion USD) worth of electronic transactions processed in…
The Nigerian Naira remained stable against the dollar at the official foreign exchange market on Wednesday, even after the Central Bank of Nigeria (CBN) raised interest rates by 1.5%. This…
The cost of diesel fuel in Nigeria has jumped dramatically, with a year-on-year increase of 68% to N1,415.06 per litre in April 2024, according to the National Bureau of Statistics…
Microsoft’s deal with G42, a UAE-backed AI company, is raising eyebrows over potential national security risks. The agreement might involve transferring sensitive technology like AI model weights, which are essential…