Real Time Financial News Website
The Central Bank of Nigeria’s Intervention Funds Programme, totaling N10.3 trillion, has shown a repayment rate of 75.8%. However, concerns arise as N193 billion of the disbursed loans have been…
A Federal High Court in Abuja has directed Binance Holdings Limited, a cryptocurrency exchange platform, to furnish the Economic and Financial Crimes Commission (EFCC) with comprehensive data and information concerning…
In February 2024, Nigeria witnessed a significant rise in imported food inflation, reaching a peak of 29.8%, up from 26.3% in the previous month, marking a 352 basis points increase.…
The International Organization for Migration (IOM), in collaboration with the Japan International Cooperation Agency (JICA), has announced plans to construct nine healthcare facilities in Adamawa state. This initiative, shared via…
In the official market, the Nigerian Naira experienced a modest improvement against the US Dollar, closing at N1,597.24 to $1, marking a 0.34% enhancement compared to the previous week’s closing…
The Nigerian Army commander, three officers, and 12 soldiers who tragically lost their lives during an attack in a Delta community have been identified. The Defence Headquarters shared their photos…
The recent internet outage that affected several major trading blocs in Africa, including Ghana, Nigeria, South Africa, Liberia, and Côte d’Ivoire, raises significant concerns about cybersecurity and its implications for…
The National Association of Academic Technologists (NAAT) has declared a three-day warning strike starting from March 20, citing the non-payment of four months’ withheld salaries as the reason for the…
President Bola Tinubu is set to launch a three-step approach for assessing his Ministers and heads of Ministries, Departments, and Agencies (MDAs) as his administration approaches its first year in…
The Bank of Japan (BOJ) has announced an increase in its key interest rate from -0.1% to a range of 0% to 0.1%. This decision comes as wages have risen…
Nvidia has revealed its latest artificial intelligence (AI) chip, the B200 “Blackwell,” boasting a remarkable 30 times faster performance than its predecessor. With an 80% market share, the company aims…
Hui Ka Yan, the founder of Chinese property giant Evergrande, and his company are facing allegations of inflating revenues by $78 billion in the two years leading up to the…
A White House official, Jake Sullivan, confirmed that Hamas leader Marwan Issa was killed in an Israeli air strike, making him Hamas’s most senior leader to die since the conflict…
Lawmakers in Gambia have deferred a decision on the attempted repeal of the 2015 ban on female genital cutting, referring the legislation for further committee discussions. Gambian activists have expressed…
Former President Donald Trump recently expressed his support for a national abortion ban, with exceptions, but did not specify the number of weeks into pregnancy this ban should occur, causing…
Benjamin Netanyahu, the Prime Minister of Israel, affirmed plans for an Israeli ground offensive in southern Gaza’s Rafah, despite concerns about civilian casualties. Netanyahu emphasized Israel’s determination to achieve its…
Nigeria, Africa’s largest oil producer, is facing a critical challenge in curbing crude oil theft, with sophisticated criminal networks surpassing existing surveillance measures. Despite efforts by security forces to confiscate…
The Nigerian Senate has cautioned the executive against enlarging the budget size through a supplementary budget, urging instead the utilization of excess savings resulting from the recent depreciation of the…
Notore Chemical Industries has announced the appointment of Femi Agbaje as the new chairman of its board of directors, succeeding former Nigerian Head of State, Yakubu Gowon, who retired from…
The Nigerian Exchange witnessed another positive week, with investors positioning themselves ahead of the dividend-paying season, resulting in a gain of N2.12tn. The All-Share Index rose by 3.71 per cent…
The Federal Government of Nigeria is in discussions with the World Bank to secure loans totaling over $1bn aimed at addressing the challenges faced by Internally Displaced Persons (IDPs) and…
Vladimir Putin has secured another six-year term as Russian president, according to exit polls, positioning him to become the longest-serving Russian leader in over 200 years. The government-run VTsIOM pollster…
Since the declaration of the avian influenza outbreak in Kebbi State over a month ago, a dispute between poultry farmers and the state government regarding the authenticity of the epidemic…
The European Union revealed a €7.4 billion funding package and an upgraded relationship with Egypt on Sunday, aiming to address migrant flows to Europe while drawing criticism from rights groups.…
Uber has agreed to pay A$271.8 million ($178 million) to settle a lawsuit filed by Australian taxi operators and drivers, alleging income loss when the ride-hailing company entered the country.…
In southern India’s sprawling industrial park, land is becoming scarce as companies rush to construct modern warehouses and factories, capitalizing on India’s economic upswing and diversifying their supply chains beyond…
A sizable US business delegation, including Meta, Boeing, and wind energy firm GE Vernova, is currently visiting Vietnam, underscoring sustained corporate interest in the Southeast Asian nation following Washington’s upgraded…
As Japan approaches the end of eight years of negative interest rates, a regional lender in Kyoto is taking proactive steps to train its staff for operating in a positive…
Vietnam’s parliament is scheduled to convene on Thursday to discuss unspecified “personnel issues,” as indicated in a letter sent to legislators, triggering speculation about a potential reshuffling of the country’s…
In a rare display of public dissent, hundreds of people gathered in Santiago, Cuba’s second-largest city, on Sunday, demanding “power and food” amid prolonged blackouts lasting up to 18 hours…