Real Time Financial News Website
Chad’s government has unveiled plans to offer free water and electricity to households until the end of the year. Under the initiative, households will enjoy a monthly consumption allowance of…
The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated a preliminary evaluation into approximately 250,712 Honda Insight and Honda Passport vehicles due to concerns regarding inadvertent activation of automatic…
Key Libyan leaders announced on Sunday their consensus on the imperative need to establish a new unified government tasked with overseeing long-awaited elections. This agreement marks a significant step in…
Absa Group, one of South Africa’s top private lenders, reported a marginal increase in annual profit despite facing higher credit impairments, according to its latest financial statement released on Monday.…
Egypt has embarked on significant initiatives aimed at decreasing its budget deficit, including the sale of real estate assets and reaching a support agreement with the International Monetary Fund (IMF),…
A Senegalese opposition coalition, supported by the influential figure Ousmane Sonko, launched its presidential campaign platform on Saturday, outlining ambitious proposals including the creation of a new national currency and…
The Economic Community of Central African States (ECCAS) decided to lift sanctions on Gabon and reintegrate it into the regional bloc, marking a significant development six months after suspending its…
Chinese regulators have reportedly convened meetings with financial institutions to address the challenges faced by state-backed property developer China Vanke. Sources familiar with the matter revealed that regulators urged large…
The yen saw gains against the dollar on Monday amidst indications that the Bank of Japan (BOJ) may exit negative interest rates at its upcoming policy meeting, contrasting with expectations…
Macquarie Group CEO, Shemara Wikramanayake, forecasts that Australia’s economy is primed for interest rate reductions in 2024, aiming for a “soft landing” following a prolonged period of inflation. Speaking at…
Nvidia, renowned for its chips powering artificial intelligence, faces legal action from three authors who claim the company used their copyrighted books without permission to train its NeMo AI platform.…
The Nigeria Governors’ Forum (NGF) comprising governors from all thirty-six states has pledged to tackle the challenges of food crisis, economic hardship, and hunger in the nation. They have introduced…
A Federal High Court in Lagos has issued a final forfeiture order for 36 luxury cars that were reportedly stolen from Canada and brought into Nigeria. The decision was made…
A former deputy leader of the Senate and current lawmaker from Bauchi State, Abdul Ningi, has stirred up controversy by alleging that the 2024 national budget was padded with approximately…
Lqst Thursday marked the commencement of discussions on the new minimum wage across Nigeria, sparking hope among Nigerian workers. The Tripartite Committee on the National Minimum Wage initiated public hearings…
At the 62nd Annual General Meeting (AGM) of Vitafoam Nigeria Plc in Lagos, shareholders unanimously approved the company’s initial declared dividend of N1.95 billion. Despite the harsh operating environment affecting…
African Alliance Insurance reaffirms its dedication to surpassing the expectations of its stakeholders, particularly during these challenging times. The company is actively striving to enhance the well-being of its shareholders…
Nigeria’s stock market witnessed a resurgence of positive sentiments fueled by strong demand for shares of Transpower, FBN Holdings, and MTNN. The All Share Index (ASI) recorded a notable 2.61%…
President Bola Tinubu has instructed the Nigeria Customs Service (NCS) to return food items seized at various border communities to their rightful owners, with the condition that the items must…
The Bank of Industry (BOI) has announced the disbursement of $6.02 million out of its $10 million investment commitment to Alitheia Fund, aimed at supporting gender equality and enhancing women’s…
Following recent market reforms and interventions by the Central Bank of Nigeria (CBN), there are indications of improvement in the exchange rate situation, with the disparity between the Nigerian Autonomous…
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), is committed to tackling Africa’s food insufficiency challenge head-on. He has developed strategic investment frameworks tailored to address specific food…
The Economist Intelligence Unit (EIU), a renowned London-based firm specializing in forecasting economic trends and political dynamics worldwide, has projected that inflation in Nigeria will surge to 30.3% before the…
Mrs. Aisha Dahir-Umar, the Director-General of the National Pension Commission (PenCom), refuted reports claiming that the commission provided a N10 trillion loan to the federal government, describing such reports as…
Nigeria’s airline operators are experiencing a challenging period characterized by a decline in the number of domestic passengers, as revealed by recent findings from Daily Trust. Airport terminals across the…
President Bola Tinubu has signed new rules to make Nigeria a prime destination for investments in the oil and gas industry in Africa. He made this decision after discussing extensively…
In February 2024, startups across Africa received a remarkable $217 million in investments, marking a significant surge of 182% from January’s $77 million. The data comes from ‘Africa: The Big…
The Nigerian House of Representatives has expressed concern over the inadequate minimum wage for workers in the country, asserting that a monthly salary below N100,000 is insufficient for any worker…
Raheem Ajayi, a public commentator, believes that the newly appointed Managing Director of the Asset Management Corporation of Nigeria (AMCON), Gbenga Alade, will significantly enhance the organization’s debt recovery efforts.…
The Central Bank of Nigeria (CBN) has issued a stern warning to primary mortgage banks (PMBs), development finance institutions, and microfinance banks regarding the timely submission of regulatory returns. In…