Real Time Financial News Website
Over 14 communities in Ogun State are grappling with power outages attributed to technical faults in power installations, according to the Ibadan Electricity Distribution Company (IBEDC). The spokesperson, Busolami Tunwase,…
the Federal Government, through the Debt Management Office (DMO), aims to raise N2.5 trillion in its second FGN bonds auction of the year. The offerings, detailed in a circular released…
Independent oil marketers in Nigeria have expressed their willingness to sell premium motor spirit (PMS), commonly known as fuel, at rates lower than those offered at Nigerian National Petroleum Company…
The foreign exchange (FX) market in Nigeria experienced a notable 56.58% decrease in dollar supply on Wednesday, following a surge in liquidity just two days prior, attributed to interventions by…
The Federal Mortgage Bank of Nigeria (FMBN) anticipates a promising future as the federal government pledges legislative amendments to relevant housing industry laws, aiming to bolster FMBN’s capitalization to N500…
The federal government has expressed concern over the persistent food shortage in Nigeria and has announced plans to distribute 42,000 metric tons of assorted grains to address the escalating food…
A recent report titled “Finding Rain in Drought.” by Comercio Partners, a prominent research and investment firm, suggests that foreign investors might delay investing in Nigeria due to the ongoing…
First Bank of Nigeria has introduced the second season of its Cash Out promo aimed at rewarding users of FirstMobile, its mobile banking solution. The FirstBank Cash Out Promo 2.0,…
Enugu State Governor, Peter Mbah, has appointed Prof. Chukwumerije Okereke as a special adviser on Climate Policy and Sustainable Development. The announcement was made in a statement signed by Prof.…
The Nigeria Sovereign Investment Authority (NSIA) has unveiled the second edition of the NSIA Prize for Innovation (NPI 2.0), offering Nigerian startups a combined prize value of $220,000. Winners of…
Nigeria’s oil production experienced a notable increase in January 2024, rising to 1.43 million barrels per day (bpd) from 1.34 million bpd recorded in December 2023, marking a 6.9% increase.…
Nigerian billionaire Femi Otedola is set to receive a substantial final dividend exceeding $17 million from his significant 78.64-percent ownership stake in the rapidly growing power-generating company, Geregu Power Plc.…
The Federal Capital Territory Administration (FCTA) in Abuja, Nigeria, has published a list of 43 embassies and high commissions owing a total of $5.3 million in ground rent. The list,…
Russia issued a stern warning to the West on Tuesday, cautioning that Moscow would respond firmly if the United States and European Union moved to seize hundreds of billions of…
Sweden’s Foreign Minister, Tobias Billstrom, expressed optimism on Wednesday regarding Hungary’s anticipated approval of Sweden’s NATO membership application. Billstrom stated during a parliamentary speech that they welcome Turkey’s completion of…
Russia has halted its annual payments to the Arctic Council until substantive work resumes with the participation of all member countries, as reported by the country’s foreign ministry to the…
Gold miner SSR Mining suspended production at a mine in eastern Turkey following a landslide that occurred on Tuesday. The incident resulted in at least nine miners being reported missing…
India and the United Arab Emirates (UAE) signed a significant agreement on Tuesday concerning a trade corridor intended to link Europe with India through parts of the Middle East, using…
Elon Musk’s SpaceX was fined $3,600 by U.S. worker safety officials this month following an accident at its site in Washington state, which almost resulted in an amputation, as per…
Andrej Karpathy, a prominent artificial intelligence researcher and founding member of OpenAI, announced his departure from the Microsoft-backed company on Monday, according to a post on the social media platform…
The Nigerian government has initiated discussions with the United States regarding the investigation into a tragic chopper crash that claimed the lives of prominent individuals, including Herbert Wigwe, CEO of…
The Shell Petroleum Development Company of Nigeria Limited has announced the successful completion of the supply of 475,000 barrels of crude oil to the Port Harcourt Refining Company Limited. In…
Access Holdings Plc has swiftly responded to the unexpected passing of its former Group Chief Executive Officer, Dr. Herbert Wigwe, by appointing Ms. Bolaji Agbede as the Acting Group CEO.…
The UK Minister for Business and Trade, Kemi Badenoch, alongside the Prime Minister’s Trade Envoy to Nigeria, Helen Grant, is embarking on a mission to Nigeria aimed at fostering investment…
Nigeria’s efforts to enhance its energy supply through renewable sources received a significant boost with the commencement of the Demand Aggregation for Renewable Technology (DART) 3.0 programme. This initiative, designed…
Nigerian households and businesses face increasing challenges due to the rising costs of essential resources such as cooking gas and diesel, exacerbating financial strains amid stagnant incomes and currency devaluation.…
At a General Meeting held in Lagos, shareholders of Cadbury Nigeria Plc endorsed the conversion of an outstanding intercompany loan of $7.718 million (N7.036 billion) owed to its majority shareholder,…
The Money Lenders Association (MLA) has voiced its support for the Federal Competition and Consumer Protection Commission’s (FCCPC) efforts to promote ethical conduct in digital lending within Nigeria. The FCCPC’s…
Tragedy struck as a helicopter carrying Herbert Wigwe, the Chief Executive Officer of Access Holdings, crashed in California, United States of America, claiming his life and the lives of approximately…
Nigeria’s Dangote Refinery, boasting a production capacity of 650,000 barrels per day, has earned a prestigious rank among the globe’s eight largest refineries. Typically concentrated in the Asia Pacific region…