Real Time Financial News Website
President Bola Tinubu, on Monday, directed the comprehensive implementation of the Oronsaye report, a significant step towards reforming Nigeria’s public sector. The 2012 Oronsaye report identified 541 federal government entities,…
“Universal Music Group (UMG) has finalized the acquisition of a majority stake in Mavin Global (Mavin), a renowned music company headquartered in Lagos, Nigeria. Founded in 2012 by Michael Collins…
Nigeria’s economy confronts formidable challenges stemming from global shocks, fiscal mismanagement, and a distorted foreign exchange (FX) market. Over the past decade, unconventional monetary policies have led to the emergence…
The Federal Government has unveiled plans to introduce a 20% tax on Sugar-Sweetened Beverages (SSBs) as a proactive measure to mitigate the overconsumption of these beverages and combat the rising…
On February 26, 2024, the Nigerian Naira witnessed a notable appreciation against the US dollar, with the official exchange rate strengthening by 5.22% to N1582.94/$1. However, the Naira encountered intensified…
On Monday, February 25th, 2024, FBN Holdings, Nigeria’s oldest bank, achieved the distinction of becoming the most capitalized bank in Nigeria following the close of trading. With its share price…
Mark Zuckerberg, the CEO of Meta Platforms, engaged in discussions about artificial intelligence (AI) with Japanese Prime Minister Fumio Kishida during his visit to Tokyo, Japan. The meeting, part of…
Bitcoin reached a two-year high on Tuesday, driven by indications of significant investments from major players in the cryptocurrency market. Meanwhile, its counterpart, ether, surpassed $3,200 for the first time…
In a bid to stabilize prices amidst rising demand from consumers and farmers, Russia has announced a six-month ban on gasoline exports starting from March 1. The ban aims to…
Allen Onyema, the Chairman and CEO of Air Peace Limited, revealed that the airline opted for Gatwick Airport to operate its Lagos-London flight, starting from March 30, 2024, due to…
Leatherback, a financial services technology company, is set to expand internationally with offices in the United Kingdom (UK), Nigeria, Ethiopia, Canada, India, Pakistan, Nepal, and Sri Lanka. The company’s CEO,…
The cost of a 50kg bag of foreign rice has skyrocketed to over N88,000 in major stores across Nigeria, marking a significant 22.2% increase from the earlier price of N72,000…
Companies have rushed to abandon their plans for initial public offerings (IPOs) in China this year due to the tightening of rules by the securities watchdog. Data from stock exchanges…
Meta, the parent company of Facebook, announced plans to establish a team dedicated to addressing disinformation and the misuse of generative artificial intelligence leading up to the European Parliament elections…
The Competition and Markets Authority (CMA) in Britain highlighted fundamental problems within the housebuilding market, hindering the construction of more homes. In response, the CMA announced an investigation into eight…
A sell-off in the U.S. government bond market is gaining momentum, fueled by a robust economy that diminishes expectations for immediate interest rate cuts from the Federal Reserve. Investors have…
In recent weeks, a downturn in U.S. refining activity and disruptions to global trade have led to a tightening of diesel supplies, impacting historically high U.S. diesel exports to Europe.…
The Central Bank of Nigeria (CBN) has pegged the payment of cash dollar purchase to a customer at $500 saying that the foreign currency (FX) exceeding this amount will be…
Nigerian President Bola Ahmed Tinubu took proactive steps to address the escalating economic challenges facing the nation by convening a high-profile meeting on Sunday at the Presidential Villa in Abuja.…
President Bola Tinubu inaugurated an Economic Advisory Committee on Sunday, consisting of prominent figures in the economic sector such as Aliko Dangote, Tony Elumelu, among others. The committee’s purpose is…
Today, February 26, 2024, marks a historic moment for Aba as President Bola Tinubu commissions the Geometric power plant, the first integrated power plant in Nigeria, located at the Osisioma…
The Council of European Union’s Africa Working Party (COAFR) has commenced its first-ever four-day working visit to Nigeria, arriving in Abuja from February 26 to 29, 2024. This visit signifies…
Ava Global Asset Managers Limited, a member of the AVA Capital Group, is launching a N20 billion fund as part of its N200 billion Infrastructure Fund (IF) program. This initiative…
Samira Jibril, the president of the National Association of Proprietors of Private Schools (NAPPS), expressed concern over the burden of multiple taxes imposed on private schools by the federal government.…
The rise in the price of goods and commodities in Nigeria, despite the Gross Domestic Product (GDP) rising above 3 percent in the fourth quarter of 2023, is exacerbating poverty…
Comrade Joe Ajaero, the President of the Nigeria Labour Congress (NLC), has raised concerns about the federal government’s alleged plans to incite violence against NLC members participating in the planned…
Ava Global Asset Managers Limited has disclosed the issuance of N20 billion under its N200 billion Infrastructure Fund (IF) program, designed to enhance infrastructure development in Nigeria. Speaking at a…
Mr. Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has emphasized the importance of adherence to regulations and ethical standards by Chief Executive Officers (CEOs) of…
In the past twenty-four hours, the Binance cryptocurrency platform encountered significant turbulence as the exchange rate between the naira and the popular stablecoin, Tether (USDT), experienced a drastic plummet to…
Elon Musk, the founder of Neuralink, announced that the first human patient implanted with a brain-chip from the startup has fully recovered and can control a computer mouse using their…