Real Time Financial News Website
The Sokoto State government has announced plans to allocate N6.7 billion towards its Ramadan feeding programme, aimed at supporting the needy during the holy month. Governor Ahmed Aliyu revealed this…
Saudi Aramco, the majority state-owned oil firm of Saudi Arabia, announced a significant dividend payout of $97.8 billion in 2023, surpassing the size of Nigeria’s entire 2024 budget, which stands…
In a new initiative, failed asylum seekers in the UK will be offered up to £3,000 as part of a voluntary scheme to relocate to Rwanda. This plan, which aims…
0il prices climbed on Wednesday, buoyed by optimistic forecasts of robust global demand, particularly in the United States, and despite moderate U.S. inflation figures that did little to alter expectations…
The World Trade Organization (WTO), in collaboration with the International Finance Corporation (IFC), has launched a N1.9 billion ($1.2 million) Standard Trade Facility (STDF) aimed at enhancing Nigeria’s export capabilities…
LivingTrust Mortgage Bank Plc is set to receive a significant boost with a foreign investor eyeing a 7% stake in the bank. Industry sources familiar with the transaction have revealed…
President Bola Tinubu has presented the 2024 budget proposal for the Federal Capital Territory Administration (FCTA) to the House of Representatives for consideration and approval. The President’s letter, read during…
President Bola Tinubu reaffirmed his administration’s commitment to securing the Gulf of Guinea during a meeting with the Special Envoy of the President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo,…
Unity Bank Plc has collaborated with the tech platform, SkillPaddy, to launch the ‘Count Her In’ tech programme aimed at training 1,000 female software engineers. This initiative is designed to…
Neveah Limited, an indigenous commodities export company, has announced a significant 44 percent increase in the salaries of its employees, effective March. The company’s Chief Executive Officer, Ibidapo Lawal, emphasized…
The recent reduction in food prices, particularly for items like noodles, sugar, rice, beans, and others, comes as a welcome relief to many Nigerians, especially those in the low to…
The Federal Government is actively engaging with aircraft leasing and manufacturing companies to boost local investments in Nigeria’s aviation sector. Minister of Aviation and Aerospace Development, Festus Keyamo, highlighted the…
Oil prices went up on Tuesday due to worries over tensions in the Middle East. The price increase was driven by concerns about conflicts in the region, even though there…
Chinese tech giant Xiaomi announced its foray into the electric vehicle (EV) market with the launch of its first EV model, SU7, scheduled for delivery this month. With 59 stores…
During an official visit to Manila, U.S. Commerce Secretary Gina Raimondo announced that American companies are gearing up to invest more than $1 billion in the Philippines. Raimondo leads a…
Ecobank Transnational Incorporated has announced securing a $250 million loan facility to bolster its liquidity buffers, according to a statement filed with the Nigerian Exchange Limited. The facility, detailed by…
Governor Peter Mbah of Enugu State has nominated Mr. Chijioke Okonkwo for the position of Chairman/Chief Executive Officer of the Enugu State Electricity Regulatory Commission. Additionally, Mr. Chinedum Ukabara, Mr.…
Senate President Godswill Akpabio has urged the panel members investigating the N30 trillion “Ways and Means” loans secured from the Central Bank of Nigeria (CBN) by the Federal Government not…
The Chartered Institute of Bankers of Nigeria (CIBN) is gearing up to induct 336 new members as chartered bankers, according to a statement by Folake Akintayo, the Head of Corporate…
The Federal Government has introduced a Presidential Conditional Grant Scheme (PCGS) aimed at empowering nanobusinesses as part of the Presidential Palliative Programme. Administered by the Federal Ministry of Industry, Trade,…
The Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union (NASU) have jointly declared a seven-day warning strike to protest the withholding of their salaries for four…
The International Civil Aviation Organisation (ICAO) has initiated an audit of the Murtala Muhammad International Airport (MMIA) and Nnamdi Azikiwe International Airport (NAIA) in Abuja. A team of auditors arrived…
Moruf Oseni, the MD/CEO of Wema Bank, affirmed Wema Bank’s commitment to actively support and promote women, disclosing that the bank allocated N8.9 billion as uncollateralized loans to support Nigerian…
The Standards Organisation of Nigeria (SON) has introduced 80 standards to regulate the operations of Compressed Natural Gas (CNG) vehicles and related components. This initiative aims to enhance safety, reliability,…
Dr. Bashir Jamoh concluded his tenure as the Managing Director of the Nigerian Maritime Administration and Safety Agency (NIMASA) on Tuesday, as his term expired on March 10. At a…
The junta in Niger Republic faces a serious dilemma as it prepares to release the ousted president, Mohamed Bazoum, and his wife, Khadija. Multiple sources in Nigeria and Niger have…
Muslims across Nigeria are observing Ramadan fasting amidst a backdrop of heatwaves, high living costs, and power shortages. Despite these obstacles, Muslims adhere to fasting from dawn to sunset throughout…
A decision to rename Minna International Airport after President Bola Tinubu has sparked criticism in Nigeria. The government of Niger State announced the renaming, citing Tinubu’s contributions to regional development.…
Authorities in Johannesburg, South Africa’s commercial hub, attribute the ongoing heatwave to reduced water flow, leaving taps dry for several weeks. The South African Weather Service issued a warning about…
The Kenyan government remains resolute in its plan to deploy hundreds of police officers to Haiti, despite the worsening gang violence in the Caribbean nation. Interior Minister Kithure Kindiki affirmed…