Real Time Financial News Website
Nigerians are increasingly worried as the dollar reached N1,533.99 in the official market, creating uncertainty about the country’s economic stability. This surge in the dollar rate brings back memories of…
Emirates, the flag carrier of the United Arab Emirates (UAE), will resume daily flight services between Lagos and Dubai starting 1 October 2024. This comes after a suspension lasting 25…
The Manufacturers Association of Nigeria (MAN) has raised concerns about the impact of multiple taxation on the operations of manufacturers in the country, affecting their ability to compete under the…
The Nigeria Customs Service Board (NCSB) has announced the appointment of five Deputy Comptrollers-General (DCGs) and eight Assistant Comptrollers-General (ACGs) during its 59th regular meeting. The announcement was made by…
The federal government is committed to creating a conducive environment for local manufacturers and small-scale producers to conduct business profitably in Nigeria. President Bola Tinubu made this announcement during the…
In a move to redefine luxury SUVs, Mercedes-Benz Nigeria, through Weststar Associates Limited, has unveiled the much-anticipated GLS Facelift. This mid-cycle update boasts a bolder exterior design that exudes sophistication.…
In the first quarter of 2024 (Q1’24), eight commercial banks in Nigeria collectively paid a total of N200.19 billion in income tax, marking a significant 203.7 percent year-on-year increase compared…
The deployment of dispensing pumps for Compressed Natural Gas (CNG) in Nigeria has experienced a remarkable surge of 233 percent in the past six months since November last year. Mr.…
The Securities and Exchange Commission (SEC) announced yesterday that crypto exchanges have initiated the delisting of the Naira from Peer-to-Peer (P2P) trading platforms. This action comes following a directive issued…
Morgan Stanley, one of the top banking firms in the United States, has disclosed its investment of $269 million in spot Bitcoin Exchange Traded Funds (ETFs), according to recent filings.…
President Bola Tinubu recently commissioned three significant gas projects aimed at enhancing energy supply and fostering industrial growth in Nigeria. These projects include the expansion of the AHL Gas Processing…
The Senate has given its nod to President Bola Tinubu’s request for a $500 million loan to fund the federal government’s mass metering programme. The approval came after Haruna Manu,…
Mr. Chiedu Ugbo, the Managing Director of Niger Delta Power Holding Company (NDPHC), announced that the 252 Megawatts Gbarain Power Plant in Bayelsa State will soon commence operations to address…
The naira made a remarkable recovery on Wednesday, bouncing back to N1,459.02 per dollar after experiencing depreciation for a week in both the official and unofficial foreign exchange markets. This…
The Federal Government of Nigeria has asked tax collectors to work harder to get more money from taxes. The Accountant-General of the Federation, Oluwatoyin Madein, said this during a tax…
The Securities and Exchange Commission (SEC) has pledged to collaborate with the Economic and Financial Crimes Commission (EFCC) to curb trade manipulations in the virtual space. Dr. Emomotimi Agama, the…
Heifer Nigeria has introduced a $40,000 funding initiative through the AYuTe Africa Challenge Nigeria 2024. This program aims to identify and support innovative, technology-driven, and agriculture-focused enterprises in Nigeria. The…
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) hosted a 22-member delegation from Hunan Province, China, at the Abuja Chamber of Commerce and Industry (ACCI). The…
The Organisation of Petroleum Exporting Countries (OPEC) reported that Nigeria’s oil production, excluding condensate, increased by 4% in April 2024 to 1.28 million barrels per day (bpd) from 1.23 million…
Small and Medium Enterprises (SMEs) in Nigeria have been encouraged to adopt Artificial Intelligence (AI) technology to enhance their business operations and growth. Ehia Erhabor, Founder of AI Nigeria, delivered…
The World Bank reported that Nigeria secured 133 private sector investment commitments in three projects during 2023. This information came from the World Bank’s Private Participation in Infrastructure (PPI) 2023…
The Naira weakened against the dollar, dropping to N1,520 per dollar in the parallel market, down from N1,470 per dollar last week Friday. This depreciation highlights the ongoing challenges faced…
Despite positive signs of a deceleration, Argentina continues to face soaring inflation, with the annual inflation rate expected to approach 300% as the government prepares to reveal the latest data.…
South Africa’s unemployment rate climbed to 32.9% in the first quarter of this year, up from 32.1% in the previous quarter, according to recent data. This marks the second consecutive…
Uganda is in discussions with Chinese company Sinohydro Corporation Limited for the development of a $180 million power transmission line aimed at exporting electricity to energy-deficient South Sudan. The project,…
The CEO of Anglo American, Duncan Wanblad, revealed on Tuesday that the company’s plans for a spin-off of its South African platinum assets have been expedited due to a takeover…
Oil prices remained largely unchanged on Tuesday as OPEC retained its global oil demand predictions, while investors awaited U.S. inflation indicators. Brent crude futures dipped 9 cents to $83.27 a…
U.S. Trade Representative Katherine Tai has proposed increased tariffs on a range of Chinese goods, citing the need for expanded enforcement to address China’s technology transfer actions, which have harmed…
Tetra Pak, a leading food processing and packaging solutions company, has appointed Haithem Debbiche as the new Managing Director for West Africa. Haithem succeeds Aruna Oshiokamele and brings extensive experience…
In the first quarter of 2024, despite facing accelerating inflation, which has eroded purchasing power, retail investors poured N670.89 billion into stocks, marking a substantial increase from N123.28 billion in…