Real Time Financial News Website
Tony Elumelu, the Group Chairman of United Bank for Africa (UBA) Plc, emphasized the critical necessity for innovative and bold strategies to drive Nigeria’s transformative nation-building efforts. Speaking at the…
At a post Capital Market Committee (CMC) press briefing, Dayo Obisan, the executive commissioner in charge of operations at the Securities Exchange Commission (SEC), revealed that the unclaimed dividend in…
Foreign investment in Nigerian stocks has dropped to its lowest point since President Bola Tinubu’s reforms initiated a significant market rally, according to data from the Nigerian Exchange Limited (NGX).…
The Nigerian stock market kicked off the week on a positive note as renewed investor interest in key stocks like BUA Foods Plc and Dangote Sugar Refinery led to an…
The total value of unclaimed dividends in Nigeria has risen to N190 billion, marking a 7.35% increase from the N177 billion recorded in 2021, according to the Securities and Exchange…
The Nigerian Content Intervention (NCI) Fund, managed by the Bank of Industry (BoI) under the Nigerian Content Development and Monitoring Board (NCDMB), has disbursed N38.4 billion to 69 companies. The…
Commercial banks and merchant banks in Nigeria are turning to the Central Bank of Nigeria (CBN) for liquidity, intensifying their borrowing from the apex bank in the first eight months…
Investor wealth in the Nairobi Securities Exchange (NSE) has been cut in half since reaching its record high valuation of Sh2.9 trillion two years ago, mainly due to foreign investors…
Kenya Re, one of Kenya’s leading reinsurance companies, is planning to exit the Indian market due to increased losses primarily from the agricultural sector. The Indian market accounts for about…
The ongoing shortage of public buses in Rwanda has led to a host of issues for commuters, prompting the emergence of unregulated alternatives and fraudulent activities in ticketing. The scarcity…
In an unexpected twist, the interest rate on the one-year Treasury bill in Kenya soared to a remarkable 14% during the previous week’s auction. This astonishing rise occurred despite the…
In a bold move marking a significant shift on the financial horizon, Credit Bank PLC has announced its upcoming listing on the Nairobi Securities Exchange (NSE) by the end of…
In a groundbreaking stride, Kenyan fintech powerhouse Zanifu has clinched a monumental $11.2 million in a pre-series A round, setting the stage for a new era of economic empowerment for…
Venture capital juggernaut HAVAÍC, headquartered in Cape Town, is making waves again. Fresh off their participation in a bridge round last October, the VC powerhouse is doubling down on RapidDeploy,…
Johannesburg-based private equity and infrastructure powerhouse, RH Managers (RHM), is igniting a fervent fundraising campaign, aiming to secure a staggering R2-billion social impact fund. The mission? To galvanize South Africa’s…
Oil marketers in Nigeria have advised President Bola Tinubu to consider a gradual relaxation of the removal of subsidy on Premium Motor Spirit (petrol) due to challenges faced by importers…
The European Investment Bank (EIB) has pledged up to $40 million to Acre Impact Capital’s Export Finance Fund I, the first fund of its kind investing in the commercial debt…
Despite facing criticism and threats of sanctions, the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) remains determined to implement its new price framework for point-of-sale (PoS) operators.…
Access Bank Plc and Standard Chartered Bank have reached an agreement for Access Bank to acquire Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone,…
The interbank rate in Kenya has dropped from double-digit levels to 8.62 percent, following improved liquidity in the market. This improvement has been attributed to government spending at the beginning…
The Central Bank of Nigeria (CBN) has announced the inclusion of the Naira as a payout option for recipients of diaspora remittances. In a recent circular, the CBN stated that…
The recent surge in passenger-operator clashes in Nigerian airports has raised concerns about the friendliness and efficiency of the country’s aviation industry. Incidents involving travellers and airlines have highlighted the…
Telecommunication firms in Nigeria are working with their regulator, the Nigerian Communication Commission (NCC), to review the prices of their services in light of recent market developments, including the unification…
An integrated payment platform for Africa is being developed through a joint venture announced by MultiChoice Group, Rapyd, and General Catalyst. The joint venture will be managed by Moment, a…
The governor of Edo State, Mr. Godwin Obaseki, stated on Monday that the federal government might not be able to continue paying employee wages through June 2023 without resorting to…
According to data received from the Central Bank of Nigeria, the nation’s foreign reserves decreased by $112.78 million in just two weeks to $35.42 billion. According to information received on…
The sale of petroleum prospecting licenses to 161 companies in its most recent marginal fields bid round brought in over N203 billion for the Federal Government, according to the President,…
The National Institute of Policy and Strategic Studies (NIPSS) and the Ministry of Petroleum Resources have committed to working together to forge closer linkages in order to promote efficient knowledge…
Pension is necessary for everyone, but eligibility for pensions often depends on various factors. These factors includes age, employment status, and other criteria set by the Government and in some…
It’s worth noting that the path to wealth is not always straightforward, and many of the richest people faced challenges and setbacks along the way. Their hard work, ingenuity, and…