Real Time Financial News Website
The European Union (EU) is poised to advocate for the fossil fuel industry to contribute to funding efforts aimed at combating climate change in poorer countries, according to a draft…
Investor Blackwells Capital has highlighted concerns over Walt Disney’s performance, citing the lack of a robust content and technology strategy, as well as governance and transparency issues. The investment firm…
Italy’s Agnelli family, through its investment arm Exor, has acquired a 10.1% stake in Clarivate, a New York-listed information services provider. The companies announced on Monday that Exor has the…
The funding legislation introduced by congressional leaders on Sunday includes a provision to prevent China from purchasing oil from the Strategic Petroleum Reserve (SPR). This measure reflects a bipartisan consensus…
The Managing Director of First City Monument Bank (FCMB), Mrs. Yemisi Edun, emphasized the importance of sustainability accounting during her keynote address at the Western Zone Conference of the Institute…
Residents of the Federal Capital Territory (FCT) reportedly looted a warehouse belonging to the National Emergency Management Agency (NEMA) due to prevailing economic hardship in the country. The warehouse, located…
Barakat Odunuga-Bakare, the Special Adviser to the Lagos State Governor on Housing, announced plans to enforce the state’s monthly rental scheme by the end of 2024 or early next year.…
Qatar Airways has joined forces with Access Bank to provide discounts on flights to the bank’s customers across Africa. According to a statement released on Friday, the airline will extend…
The National Institute of Credit Administration (NICA) has urged for the establishment of a credit system that extends access to students and participants in the informal sector, facilitating education and…
In February, investors in the Nigerian equity market suffered significant losses amounting to approximately N1.55 trillion due to the allure of high yields in the fixed-income market. At the start…
Africa Prudential Plc, the pioneering registrar listed on the Nigerian Exchange, has named Catherine Nwosu as its first female Chief Executive Officer, effective March 1. Nwosu’s appointment follows her extensive…
The Senate has announced plans to question officials from the Central Bank of Nigeria (CBN) regarding the utilization of the N30 trillion Ways and Means loan obtained by the Federal…
According to a report assessing progress on regional integration in Africa by the Economic Commission for Africa (ECA), the continent’s share of global trade remained below three percent in 2023,…
Allegations of fraud within the Federal Ministry of Humanitarian Affairs, Disaster Management, and Social Development continue to escalate as the Economic and Financial Crimes Commission (EFCC) investigating the issue has…
MTN Nigeria Plc has recorded a significant loss before tax amounting to N177.8 billion, attributing the losses to a substantial foreign currency loss of N740 billion. The company’s shareholders’ funds…
The Federal Government has imposed a $10 billion fine on cryptocurrency platform Binance, accusing it of exacerbating Nigeria’s forex crisis. According to Bayo Onanuga, special adviser to President Bola Tinubu,…
Zambia is grappling with a severe drought crisis, prompting President Hakainde Hichilema to announce plans to import and ration electricity, as the dry spell significantly affects hydropower generation, the country’s…
Ghana’s state-run electricity provider, ECG, took the drastic step of briefly cutting off power to the parliament building, aiming to pressure lawmakers into settling a 23 million Ghanaian cedi ($1.8…
India anticipates a decline in rice production for the first time in eight years during the 2023/24 season due to below-average rainfall, as stated by the government. The dip in…
Tesla has unveiled new incentives, including insurance subsidies, in a bid to attract consumers in the world’s largest auto market, where it faces stiff competition from established rivals like BYD.…
As Britain anticipates its Spring budget set for the upcoming Wednesday, investors closely monitor Finance Minister Jeremy Hunt’s balancing act between economic stimulus and fiscal prudence against the backdrop of…
Meta Platforms, formerly known as Facebook, announced its decision to halt payments to Australian news publishers for content appearing on its platform, reigniting tensions with Canberra. Both news publishers and…
The grandchildren of Walt and Roy Disney, founders of Walt Disney Co (DIS.N), have voiced their support for CEO Bob Iger and the company’s board, while opposing activist investors seeking…
MainOne, in collaboration with 2Africa, has successfully installed the 45,000-kilometre subsea cable system in Akwa Ibom State, Nigeria. This initiative aims to bridge connectivity gaps by linking Akwa Ibom and…
OPay, a financial services firm, has called on its customers to comply with the Central Bank of Nigeria’s directive by completing the regularization of their accounts. Customers are required to…
The Financial Reporting Council (FRC) has issued a stern warning, indicating its intent to hold accounting professionals and companies accountable for any breaches of its governance codes. Effective immediately, the…
Rand Merchant Bank (RMB) highlights the promising prospects of trade between Nigeria and India, estimated at $11.8 billion, following the recent India-Nigeria Business Forum in Abuja. Dr. Doris Uzoka-Anite, Nigeria’s…
The Nigeria Deposit Insurance Corporation (NDIC) has announced the reimbursement of depositors affected by the closure of 179 microfinance and four mortgage banks nationwide. Dr. Bello Hassan, Managing Director of…
The Nigeria Civil Aviation Authority (NCAA), led by Chris Najomo, has established a 10-man committee to probe foreign airlines regarding exorbitant airfares, aiming to enhance affordability for Nigerian travelers. This…
A Bill seeking to amend the Nigeria Deposit Insurance Corporation (NDIC) Act No. 63 of 2023 to enhance the corporation’s effectiveness, ensure its independence, and align it with current realities,…