Real Time Financial News Website
The Federal Government has entrusted the Bank of Industry (BOI) with a N200 billion fund aimed at bolstering businesses nationwide. Spearheaded by the Federal Ministry of Industry, Trade, and Investment…
Three major players in Nigeria’s consumer goods industry – Unilever Nigeria Plc, Cadbury Nigeria Plc, and Okomu Oil Palm Plc – have witnessed a remarkable uptick in their export sales,…
A Federal High Court in Lagos has directed the Nigerian government to set prices for essential commodities, including petrol, diesel, kerosene, milk, flour, salt, sugar, bicycles and spare parts, matches,…
The Director-General of the Bureau of Public Service Reforms (BPSR), Mr. Dasuki Arabi, has provided assurance that retirees will reap the benefits of ongoing pension reforms. Speaking at a stakeholders’…
Nigeria is poised to witness a rise in condensate production by 14,000 barrels per day, following the commencement of operations at the Akpo West field owned by TotalEnergies. Currently, Nigeria’s…
The Comptroller-General of the Nigerian Customs Service (NCS), Adewale Adeniyi, has expressed confidence in the Service’s ability to exceed its revenue target of N5.079 trillion for the year 2024. Presenting…
The Nigerian National Petroleum Company Limited (NNPCL) reportedly allocated a substantial N267.98 billion for security expenses over 16 months, reflecting the severity of the security challenges faced by the industry.…
Benin Republic successfully issued its first-ever dollar-denominated bond, raising a substantial $750 million. The bond offering witnessed overwhelming investor interest, being oversubscribed by an impressive $5 billion. The Finance Minister…
Tullow Oil, in collaboration with its Joint Venture Partners, is gearing up for a temporary suspension of drilling operations in Ghana later this year. The cessation is slated for 2024,…
The official Nigeria Autonomous Foreign Exchange Market witnessed a substantial boost, reaching $584 million in foreign exchange transactions, as revealed by data from the FMDQ Exchange on Tuesday. This marks…
According to recent data released by the Central Bank of Nigeria (CBN), Nigerians have spent over $98 billion on foreign education, healthcare, and personal travels over the past ten years.…
The Nigeria Customs Service, Federal Operations Unit, Zone A, Ikeja, revealed that it intercepted 11 imported used vehicles and other contraband valued at N854 million in January. Hussein Ejibunu, the…
The Chartered Institute of Taxation of Nigeria (CITN) has named Mrs. Afolake Oso as the acting registrar/chief executive of the institute, according to a statement by Mrs. Oyeronke Ojo, the…
On Tuesday, the Nigerian Exchange witnessed losses spurred by declines in BUA Cement, Sterling Financial Holding Company, Consolidated Hallmark Holdings, UPDC, and The Initiates. The equity market saw a significant…
Cadbury Nigeria Plc has disclosed a remarkable operating profit of N8.397 billion for the full year ending December 31, 2023. This figure, as per the company’s audited financial statement filed…
Mr. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), projected a drop in Nigeria’s inflationary pressure from 28.92% to 21.4% in 2024. Addressing the House of Representatives…
Meta, the parent company of Facebook, announces its intention to roll out technology capable of detecting and labeling images produced by other companies’ artificial intelligence (AI) tools. This new feature…
Adam Neumann, the former CEO of WeWork, has expressed his desire to repurchase the bankrupt shared office company, as revealed in a letter made public on Tuesday. Neumann initiated discussions…
Former US president Donald Trump has declared his intention to levy additional tariffs on Chinese goods exceeding 60% if he wins the US election in November. Trump reiterated his stance…
The owner of Yandex, dubbed “Russia’s Google”, has announced its withdrawal from its home country, selling its Russian operation for 475 billion roubles ($5.2 billion; £4.2 billion) to a consortium…
Businesses have expressed dissatisfaction with the Bank of Ghana’s (BoG) 100 basis point reduction in the monetary policy rate, lowering it from 30 percent to 29 percent. They argue that…
United Bank for Africa (UBA) Plc has announced the appointments of Mary Mulili and Mohamed Alhajie Samoura as the new chief executive officers of its subsidiaries in Kenya and Sierra…
The Nigerian National Petroleum Company Limited (NNPCL) has addressed concerns regarding long queues at filling stations in parts of Lagos, assuring the public that there is no fuel scarcity. The…
Airtel Africa Plc has unveiled its intention to repurchase up to $100 million worth of its shares, underscoring confidence in its financial performance despite ongoing foreign exchange challenges. In its…
Today, British American Tobacco (BAT) (Nigeria) Limited will inaugurate a 1.4MWP grid-tied solar panel system at its Ibadan factory, marking two decades of exceptional value delivery to the Nigerian economy,…
The Bank Directors Association of Nigeria (BDAN) has expressed support for the Central Bank of Nigeria’s (CBN) directive instructing commercial banks to cease “hoarding” foreign currencies. The CBN had raised…
Sergio Pimenta, the Regional Vice President for Africa at the International Finance Corporation (IFC), revealed that the institution’s investments in Nigeria amount to $2 billion and are diversified across various…
Alan John Kwadwo Kyerematen, Leader and Founder of the Movement for Change, has introduced his Great Transformational Plan (GTP) aimed at lifting Ghana out of its persistent economic challenges and…
The National Agency for Food and Drug Administration and Control (NAFDAC) has officially declared its intention to enforce the ban on alcoholic beverages produced in sachets less than 200ml. The…
Anna Bjerde, the Managing Director of Operations at the World Bank, is poised to undertake a pivotal two-day engagement in Nigeria, marking her inaugural trip to the country in her…