Real Time Financial News Website
In a circular signed by Chibuzor Efobi, the director of payments system management, and Haruna Mustafa, the director of financial policy and regulation, the Central Bank of Nigeria (CBN) directed…
International charity organization Sightsavers, in collaboration with Access Holdings, Unilever, UK Aid, and UNICEF, has initiated the Sabi-Woman project to support females with disabilities in Nigeria. Targeting adolescent girls aged…
Despite facing low dollar liquidity, the Nigerian naira showed strength against the US dollar in Monday’s trading at the official foreign exchange market. Data from FMDQ Securities Limited revealed that…
In response to directives from the Central Bank of Nigeria (CBN), banks across the country will soon introduce a 0.5 percent cybersecurity levy on electronic transfers. The announcement came through…
Seplat Energy Plc has revealed its drilling program for 2024, aiming to deliver 13 new oil and gas wells across its operated and non-operated assets. The company disclosed this information…
Richard Montgomery, the British High Commissioner to Nigeria, has disclosed that bilateral trade between Nigeria and the UK has surged to £7 billion. Nigeria imported approximately £4 billion worth of…
Nestle Nigeria Plc has recorded a significant 43.4 percent Year-on-Year increase in revenue for the first quarter ended March 31, 2024 (Q1’24). Despite this positive growth, the company experienced a…
Customers’ deposits in Nigeria’s leading deposit money banks witnessed a remarkable 66 percent Year-on-Year increase, soaring to N76.04 trillion by the end of December 2023 from N45.81 trillion in December…
Cadbury Nigeria Plc has disclosed a notable revenue of N23.695 billion for the first quarter ended March 31, 2024 (Q1’24), marking a substantial 43 percent increase from the N16.563 billion…
Dr. Emomotimi Agama, the Acting Director General of the Securities and Exchange Commission (SEC), has announced the Commission’s intention to remove the Naira from peer-to-peer (P2P) cryptocurrency trading platforms to…
A meeting planned between key players in the blockchain industry and the Director General of the Securities and Exchange Commission, Emomotimi Agama, has been rescheduled. Originally set for 10 am…
The amount of money in circulation in Nigeria has reached N3.87 trillion by the end of March, as per data from the Central Bank of Nigeria. This is an increase…
Zenith Bank Plc has experienced a significant increase in its total assets, rising by 19.21% to N24.28 trillion in the first three months of this year. This marks an 81.75%…
The Federal Mortgage Bank of Nigeria (FMBN) has introduced a performance management system to assess the performance of its employees, aiming to meet operational targets. Managing Director Shehu Osidi announced…
After experiencing a downturn of N3.54 trillion in April, the Nigerian equity market saw its first weekly gain, amounting to N812 billion. This positive movement followed six weeks of bearish…
Transnational Corporation Plc has announced plans to reduce its number of shares through a share capital reconstruction, aiming to enhance shareholder value and improve share pricing. The move has received…
Democratic Republic of Congo (DRC) President Felix Tshisekedi has lauded Russia and China for their transparent and straightforward partnerships with African countries. He emphasized that Russia and China treat the…
Paramount Global has initiated negotiations with Sony and Apollo Global Management for potential acquisition deals. This move follows significant setbacks for Paramount, including substantial first-quarter losses and the departure of…
Richard Montgomery, the British High Commissioner to Nigeria in an interview with the News Agency of Nigeria (NAN) in Abuja, Montgomery stated that the number of dependents from Nigeria to…
The National Drug Law Enforcement Agency (NDLEA) successfully dismantled an international drug syndicate operating in Nigeria, South Africa, and Thailand. The unraveling of the drug cartel commenced with the interception…
Israel’s Prime Minister, Benjamin Netanyahu, announced that his Cabinet decided unanimously to close Al Jazeera’s operations in Israel. This decision came after Israeli lawmakers passed a new media law, dubbed…
Data from the National Pension Commission (PenCom) revealed that Nigeria’s pension fund assets dropped marginally to N19.669 trillion for the period ended March 31, 2024. This represents a slight decrease…
A recent report from cybersecurity firm Sophos revealed a significant increase in ransom payments by companies globally affected by ransomware, rising by 500% in 2023. The “State of Ransomware 2024”…
As Berkshire Hathaway prepares for its annual meeting, all eyes are on Warren Buffett, but the absence of his longtime partner, Charlie Munger, is deeply felt. Munger’s passing in November…
FCMB Group Plc, a financial institution in Nigeria, announced that its shareholders will get a dividend of N9.901 billion for the year ending December 2023. This means each share will…
The Nigerian Exchange Limited (NGX) began May with a positive trend, as the All-Share Index rose by 0.55%, gaining 537.15 points to close at 98,762.78 points. This resulted in investors…
In the initial trading session of May at the NAFEM window, the Naira experienced a small decline, settling at N1,402.67 to the dollar, marking a 0.83% decrease from the previous…
Elon Musk, the owner of social media platform X, has advised users to unblock all accounts they’ve previously blocked, promising that “it will bring you good fortune.” To facilitate this,…
The Lagos State Government has announced that it earned N300 million in revenue from the Land Use Charge in the initial four months of 2024. This amount is a significant…
BUA Cement Plc released its financial results for Q1 2024, revealing a pre-tax profit decrease of 39.97% to N21.286 billion compared to Q1 2023. This follows a 44.05% year-on-year profit…