Real Time Financial News Website
Gabon has embarked on a historic national dialogue led by President Felix Tshisekedi, marking a significant departure from the 54-year reign of the Bongo dynasty. The dialogue, convened by Archbishop…
As markets navigate a shaky start to the second quarter, all eyes are on Federal Reserve Chair Jerome Powell’s upcoming speech, raising doubts about the central bank’s policy easing timeline.…
Virgin Atlantic anticipates returning to profitability in 2024 following robust revenue growth driven by increased demand from holidaymakers. The airline reported a record revenue of £3.1 billion in 2023, marking…
China’s central bank has announced revisions to car loan policies aimed at promoting auto trade-ins and scrapping government-set minimum down payments for consumers financing new car purchases. These revisions, the…
Greece has greenlit the acquisition of 35 UH-60M Blackhawk helicopters from U.S. defense contractor Lockheed Martin Corp, as part of efforts to modernize its armed forces. The deal, totaling 1.15…
The Central Bank of Nigeria (CBN) has raised the exchange rate used to calculate Customs duties at the nation’s seaports by 2.1%. This adjustment comes after a recent decrease in…
MTN Nigeria has announced plans to hold an extraordinary general meeting (EGM) with its shareholders later this month in Lagos. The sole agenda for the meeting is to discuss strategies…
On Tuesday, Nigeria’s foreign exchange market experienced its highest turnover in a single day since 2017, signaling a significant shift from a prolonged dollar shortage that has hindered economic activity…
Cadbury Nigeria Plc, a consumer goods firm, has reported a loss of N19.09 billion after tax for the financial year 2023, a significant decline from the N583.11 million profit recorded…
The Nigerian government is reportedly considering a significant increase in electricity tariffs, aiming to attract investment into the sector. According to reports from Bloomberg, unofficial sources suggest that tariffs for…
The pump price of Automotive Gas Oil (diesel) in Nigeria has witnessed a significant drop from around N1,700/litre to approximately N1,350/litre in various locations across the country. This decrease follows…
Despite economic challenges in the country, prominent Nigerian businessmen Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola have retained their top positions on the Forbes World’s Billionaire list for…
The Nigerian banking sector experienced a downturn on the Nigerian Exchange Limited (NGX) yesterday, fueled by controversy surrounding the exclusion of retained earnings from the Central Bank of Nigeria’s (CBN)…
Today, Tuesday, the Naira showed signs of appreciation against the dollar in both the parallel market and the Nigerian Autonomous Foreign Exchange Market (NAFEM). In the parallel market, the Naira…
Thailand’s tourism ministry announced on Tuesday that the country recorded 9.4 million foreign tourists in the first three months of this year. These tourists contributed an estimated 454.6 billion baht…
UBS announced on Tuesday the launch of a new share buyback program worth up to $2 billion, with half of the buyback expected to be completed in 2024. The Swiss…
HeadlineGoogle has agreed to destroy billions of data records as part of a settlement to resolve a lawsuit alleging that it secretly tracked the internet use of individuals who believed…
The World Bank cautioned on Tuesday that job creation in South Asian economies is lagging behind the increase in the working-age population, putting the region at risk of wasting its…
Frontier Airlines, a U.S. no-frills carrier, is adjusting its strategy to prioritize growth in “high fare” markets like Seattle and Detroit over leisure markets such as Las Vegas and Florida…
Walt Disney (DIS.N) seems to have gained the upper hand in the battle for board seats and the future direction of the global entertainment conglomerate, with over half of all…
Farmers in Ivory Coast, the world’s leading cocoa producer, are worried about their cocoa crop due to the lack of rain and intense sun in key cocoa-growing regions last week.…
According to the Nigerian Investment Promotion Commission (NIPC), a total of 107 companies are currently receiving tax exemptions from the federal government. This information was disclosed in the NIPC’s fourth…
Shareholders of Africa Prudential Plc have given their approval for the payment of N900 million in dividends, equivalent to 45 kobo per share, for the financial year ending December 31,…
The Alternative Bank and TK Tech Africa are teaming up to revolutionize financial technology and non-interest banking in Nigeria with their groundbreaking $500 million Digital Sukuk initiative. This collaboration aims…
According to a report by the National Bureau of Statistics (NBS), Nigeria exported goods worth N1.9 trillion to The Netherlands in the fourth quarter of 2023, marking it as the…
Zenith Bank Plc has been honored as the Best Bank in Nigeria at the Global Finance Best Banks Awards 2024, securing the prestigious award for the fourth time since 2019.…
Recent findings by Daily Trust have revealed a significant reduction of over 50 percent in international airfares, leading experts and stakeholders to anticipate further price drops in the near future.…
The Association of Bureaux de Change Operators of Nigeria has highlighted the positive impact of the naira’s recovery on the prices of goods and services in the country. According to…
The Federal Government has announced an increase in the price of natural gas for power generation companies, signaling a potential rise in power tariffs for consumers. The new price of…
A recent survey by Reuters revealed a significant drop in oil output by the Organization of Petroleum Exporting Countries (OPEC) in March, largely attributed to reduced crude oil exports by…