Real Time Financial News Website
Nigeria’s recent crackdown on Binance, a prominent cryptocurrency platform, has ignited concerns regarding the future of cryptocurrency in the country. The government’s actions, which include restricting access to crypto firm…
President Bola Ahmed Tinubu criticized the recent Nigeria Labour Congress (NLC) protest, cautioning the labor movement against assuming it represents the sole voice of the people. Speaking at the commissioning…
President Bola Ahmed Tinubu has instructed cement companies to return to previous pricing levels, as disclosed by Minister of Works, Senator David Umahi, after inspecting BUA cement factory in Sokoto.…
The House of Representatives has cautioned the Bola Tinubu-led presidency against hastily implementing the Orosanye Report, urging thorough review before implementation. President Tinubu’s directive for full implementation of the report,…
Bi-Courtney Aviation Services Limited (BASL), which operates the Murtala Muhammed Airport Terminal Two (MMA2), proudly announced its success at NIGAV’s 13th Nigerian Aviation Award and Ministerial Dinner 2023. MMA2 received…
The Delta State Government recently finalized an agreement with a United Kingdom firm and other partners to restore mangrove forests, protect seagrass, and preserve the ecosystem for conservation and environmental…
Following the termination of its wet-leased aircraft arrangement, Ibom Air has announced adjustments to its flight schedule, assuring passengers that operations will soon return to normal. The airline also revealed…
The Securities and Exchange Commission (SEC), Nigeria, is considering imposing huge fines, potentially amounting to billions of dollars, on Binance, one of the world’s largest exchanges, and other cryptocurrency companies…
3.0 Verse, a digital assets company, has inaugurated its operations in Nigeria, marking its entry into the African market. The firm also announced a strategic partnership with the Stakeholders in…
The Nigerian naira has experienced a slight appreciation of 0.39 percent in the official foreign exchange (FX) market, marking its first gain following the Central Bank of Nigeria’s (CBN) recent…
After a three-year hiatus, the Central Bank of Nigeria (CBN) has reinstated dollar sales to Bureau De Change (BDC) operators, aiming to stabilize the naira and reduce the gap between…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), under the leadership of Olayemi Cardoso, announced a significant increase in the main interest rate by 400 basis…
International Criminal Court (ICC) judges have ruled that nearly 50,000 victims of Ugandan militia commander Dominic Ongwen are entitled to receive over 52 million euros ($56 million) in compensation, marking…
The United States has urged the United Nations Security Council to intervene and help resolve a nearly year-long conflict in Sudan between the Sudanese army and the paramilitary Rapid Support…
Guinea’s trade unions have lannounced the suspension of a nationwide strike that had brought the West African nation and its mining sector to a standstill since Monday. The decision to…
Impala Platinum (IMPJ.J) is considering the closure of some of its loss-making South African mining operations if metal prices continue to decline and restructuring efforts fail to enhance margins, CEO…
Oil prices experienced a decline on Thursday following a larger-than-expected build in U.S. crude stockpiles, raising concerns about sluggish demand. Additionally, indications that U.S. interest rates may remain elevated further…
International Game Technology (IGT.N) announced on Thursday its decision to split its global gaming and playdigital businesses and merge them with gaming machine maker Everi Holdings (EVRI.N) in a deal…
Former lawmaker Senator Shehu Sani has emphasized the need to update the Oronsaye Report before its implementation, citing its obsolescence in light of the proliferation of new agencies and commissions…
During a session on Wednesday, Benjamin Kalu, the deputy speaker of the lower legislative chamber, expressed his belief that Nigerians possess the resilience to withstand hardship and persevere. Speaking during…
The Federal Government is poised to carry out a mass retirement of Senior Officers within the Nigeria Immigration Service, barring any last-minute alterations to its plans. The affected Senior Officers…
The Nigerian government has detained two executives of the Binance crypto exchange platform as part of efforts to stabilize the nation’s foreign exchange market and protect the value of the…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a significant increase in the benchmark interest rate, raising it by 400 basis points from 18.5…
When Ruth Gottesman’s husband passed away in 2022, she discovered a surprise: $1 billion in Berkshire Hathaway stock left by her husband. Gottesman, 96, shared that her husband’s only instruction…
First City Monument Bank (FCMB) confirmed a fire incident on Monday, February 26, on the 7th floor of its office located at Macarthy Street, Lagos Island. The incident was reported…
Foreign investors are holding back on new investments in Nigeria, awaiting stability in the country’s currency, the naira. A projected inflow of approximately $700 million has been put on hold…
A coalition of civil society leaders has united in a call for the cessation of the sale of Shell Petroleum Development Company (SPDC), the Nigerian arm of Shell Plc, a…
Lord Jacob Rothschild, a prominent financier and member of the esteemed Rothschild banking family, has passed away at the age of 87, as confirmed by his family. Beginning his career…
During a session chaired by President Bola Tinubu, the Federal Executive Council (FEC) has given the green light for the construction of the Lagos-Port Harcourt-Calabar Coastal Superhighway. The responsibility for…
Alphabet, the parent company of Google, witnessed a significant downturn on Monday, shedding approximately $90 billion in market value due to escalating concerns surrounding its generative artificial intelligence (AI) product,…