Real Time Financial News Website
In the official foreign exchange market, dollar supply witnessed a significant increase, rising by 180.59 percent to $440.13 million on Friday. 00he naira concluded the week at N1435.53/$ after a…
The Minister of Works, David Umahi, has highlighted the need for N146 billion to repair the deteriorating Marina shorelines during a joint inspection of lagoon sections including the Third Mainland,…
Neveah Limited, a commodity trading company specializing in solid minerals and agricultural products, has fulfilled its obligation by redeeming the N2.92 billion Series 7, 8, and 11 commercial papers issued…
The NGX Regulation Limited, IFRS Foundation, and Financial Reporting Council of Nigeria have reaffirmed their dedication to promoting sustainability reporting initiatives among listed companies. This commitment was reiterated at the…
The Ghanaian Cabinet has decided to retract the 15% Value Added Tax (VAT) on electricity in response to widespread public outcry and threats of nationwide industrial action. Sources close to…
COCOBOD has refuted media reports regarding a leaked official letter purportedly approving the importation of 2,500 metric tonnes of cocoa beans from Cote d’Ivoire and Nigeria. In a statement dated…
President Nana Addo Dankwa Akufo-Addo has extended his condolences to the Government and people of Namibia following the passing of their President, His Excellency Hage Geingob. Geingob, who served as…
Iraq has implemented a ban on eight local commercial banks from conducting U.S. dollar transactions as part of efforts to mitigate fraud, money laundering, and other illicit uses of U.S.…
Shell Plc, in a statement released by its Chief Executive Officer, Wael Sawan, announced that it returned $23 billion to shareholders in 2023. The company’s cash flow from operations (CFFO)…
The revised guidelines for the operation of IMTOs, officially released via the CBN’s website and signed by Dr. Hassan Mahmud, the Director of the Trade & Exchange Department has established…
The stock market experienced a bullish resurgence on Thursday, resulting in a substantial gain of N902 billion. The All-Share Index and market capitalisation of the domestic bourse rose by 1.63…
Delta Air Lines has secured the 11th position on Fortune Magazine’s prestigious Top 50 Most Admired Companies list, making it the most admired company in the airline segment of the…
Commercial banks in Nigeria were in a frenzy on Thursday as they worked tirelessly to offload their surplus foreign exchange holdings ahead of the midnight deadline set by the Central…
FBN Holdings, in its Unaudited Consolidated Financial Statements for the period ended December 31, 2023, announced a substantial profit of N309.89 billion. This represents a remarkable 128% increase compared to…
Google has unveiled its most advanced Artificial Intelligence model, Gemini Pro, in Nigeria on Thursday. Gemini Pro represents an enhanced version of Google’s previously launched AI model, Gemini, which debuted…
The Nigerian Maritime Administration and Safety Agency (NIMASA) has projected a decrease in revenue following the commencement of operations by the Dangote Refinery. According to NIMASA, the anticipated drop in…
The Lagos State Government has announced plans to initiate the removal of illegal building attachments and conversions across the state within the next two weeks. Dr. Oluyinka Olumide, the Commissioner…
The National Identity Management Commission (NIMC) has authorized the deployment of additional enrolment systems to bolster National Identification Number (NIN) registration across Nigeria. This initiative reflects the commitment of the…
In a bid to stabilize Nigeria’s volatile exchange rate, the Central Bank of Nigeria (CBN) has directed Deposit Money Banks to sell their excess dollar stock by February 1, 2024.…
FBN Holdings, the parent company of First Bank of Nigeria, has appointed billionaire businessman and investor Femi Otedola as its new chairman of the board of directors. The corporate filing,…
Bureau De Change (BDC) operators in Abuja have announced the suspension of their operations due to the unavailability of dollars. Mallam Abdulahi Dauran, Chairman of the Association, made this announcement…
The Federal Government has embarked on exploring opportunities in green hydrogen as part of its efforts to transition from fossil fuels to cleaner energy sources. The Minister of State for…
The Federal Government confirmed on Wednesday that the Port Harcourt Refining Company is currently undergoing test runs, with refined petroleum products expected to enter the market shortly. This announcement came…
Minister of Aviation and Aerospace Development, Festus Keyamo, revealed on Wednesday that the Economic and Financial Crimes Commission (EFCC) is probing the Nigeria Air deal initiated by his predecessor, Hadi…
The Central Bank of Nigeria (CBN) announced that it has settled outstanding payments owed to foreign airlines operating in the country. According to the CBN, it has disbursed an additional…
Sky Logistics Limited (GSA Nigeria) Delta Air Lines Incorporated has introduced a scholarship program aimed at supporting select travel agencies in Nigeria. The initiative represents the airline’s commitment to corporate…
Jetour Mobility Service has unveiled the X90 Plus, also known as ‘Cruise’, in the Nigerian market, offering enhanced features and comfort. The vehicle boasts 35 smart storage options, 36 decibel…
The aviation sector in Nigeria faces a significant challenge with the increasing occurrence of runway incursions, raising concerns among stakeholders about safety and regulatory oversight. Experts warn that unless stringent…
GlaxoSmithKline Consumer Nigeria Plc witnessed a significant 33.76% decline in profit, dropping to N510.80 million in 2023 from N771.15 million in the previous financial year. The company’s separate financial statements,…
Geregu Power Plc’s board of directors has announced a proposed dividend of N8 per share for the 2023 financial year. The power company, in its annual report submitted to the…