Real Time Financial News Website
The Nigerian Ports Authority (NPA) has announced the successful clearance of the notorious decade-long gridlock on the Mile 2-TinCan-Apapa corridor, which is home to the TinCan and Apapa ports. This…
The Department of Development Control, under the Federal Capital Territory Administration (FCTA), has issued a 24-hour demolition notice to proprietors of 500 unauthorized markets and makeshift structures along the Karmo-Dei-Dei…
A militant group identified as the “Ijaw Freedom Fighters” launched an attack on the Imariogha community near the Okomu Oil palm plantation on Sunday night, as reported by the News…
Creative UK, representing the creative industries, has raised concerns over the potential elimination of post-graduation work options for international students in the United Kingdom (UK), fearing it could impact the…
The Nigerian Exchange Group Plc saw a significant increase in revenue for the 2023 financial year, generating N6.959 billion from transaction fees and treasury investment income, as revealed in its…
The Netherlands has surpassed India to become Nigeria’s second-largest trade partner in 2023, according to the National Bureau of Statistics (NBS) foreign trade statistics. Nigeria recorded a total foreign trade…
MTN Group, Africa’s largest telecommunications operator, has disclosed an 18.8% decline in its first-quarter service revenue, largely influenced by the poor performance of its significant subsidiary, MTN Nigeria (MTNN). Despite…
The Federal Government has announced a plan to empower at least 5,000 members of the National Youth Service Corps (NYSC) with N10 million each to fund their entrepreneurial ventures post-NYSC.…
Nigeria’s Foreign Minister, Yusuf Maitama Tuggar, highlighted Nigeria’s stance on managing economic competition between global powers like the United States, China, and Russia. In a recent interview during his visit…
Renowned crypto analyst and FX Pro trader, Alex Kuptsikevich, has issued a cautionary note, suggesting that Bitcoin might face a significant panic sell-off if its price drops below the $60,000…
TotalEnergies is gearing up to support 100 startup businesses across 32 African countries in the 4th edition of the ‘Startupper of the Year Challenge,’ commemorating the company’s 100th anniversary. Dr.…
UBS CEO Sergio Ermotti has responded to criticism that the bank has grown too large for Switzerland, and has dismissed calls for it to increase its capital reserves. Ermotti, who…
The European Central Bank (ECB) revealed that euro zone banks have significantly reduced their exposure to Russia by more than half since the invasion of Ukraine. Claudia Buch, the ECB’s…
SoftBank Group, a big technology company from Japan, made a profit of 328.9 billion yen (which is about $2.11 billion) from January to March this year. This is a big…
Amazon, a big company known for online shopping, announced that it will invest over 1.2 billion euros (which is about $1.3 billion) in its operations in France. This investment will…
Dubai’s Emirates airline had a fantastic year, reporting a full-year profit of 17.23 billion dirhams (which is about $4.69 billion). This is a huge increase of more than 60% compared…
According to a recent survey, British employers are expecting to raise wages by 4% over the next year, which is similar to previous expectations. This suggests that businesses are cautious…
The U.S. Bureau of Labor Statistics forecasts around 646,100 job openings each year in the construction sector from 2022 to 2032. This surge in demand is due to a shortage…
The Minister of Interior, Olubunmi Tunji-Ojo, announced that the Federal Government of Nigeria is working on revising the country’s visa application policy to enhance accessibility. At a stakeholders’ meeting in…
In response to the increasing cases of cybercrimes in Nigeria, cybersecurity experts, along with the Nigerian Interpol and local intelligence community, came together to address the issue. They decided on…
Former President Donald Trump may face a financial setback of around $100 million due to improper tax deductions linked to his Trump Tower in Chicago, according to an IRS audit…
Rita Idehai, a female innovator and techpreneur, has won the prestigious Deji Alli ARM Young Talent Award (DAAYTA) 2024 for young entrepreneurs, earning a prize of N12 million. The competition,…
The Central Bank of Nigeria (CBN) has provided foreign exchange (forex) to 935 eligible Bureau De Change (BDC) operators in the North West region to stabilize the value of the…
TotalEnergies is gearing up to support 100 startup businesses across 32 African countries in the 4th edition of the ‘Startupper of the Year Challenge,’ commemorating the company’s 100th anniversary. Dr.…
Nigerian National Petroleum Company Exploration and Production Limited (NNPCL) and Natural Oilfield Services Limited (NOSL) have announced the commencement of oil production at Oil Mining Lease 13 in Akwa Ibom…
The Nigerian Exchange Limited has recently added the AVA Infrastructure Series 1 Fund, worth N4.08 billion, to its trading platform. This closed-end fund and naira-denominated unit trust scheme comprises 4,075…
FCMB Group’s profit before tax has seen a massive surge of 192.6% to N31.3 billion in the first quarter of 2024. The financial results filed with the Nigerian Exchange Limited…
Commercial lenders significantly reduced loans to the three tiers of government by 73.18% to N19.59 trillion in March 2024 from N33.93 trillion in the previous month, according to data from…
The Nigerian capital market experienced a 1.36% decline last week, attributed to losses by key equities including PZ Cussons, McNichols, and Secure Electronic Technology, among others. The All-Share Index dropped…
An analysis of the 2024 budgets of the National Assembly, state assemblies, and their agencies reveals a total expenditure of approximately N724 billion. This includes an estimated N50 billion allocated…