Real Time Financial News Website
The Eko Hotel in Lagos witnessed an evening filled with deep emotions as political and business leaders, friends, family, and associates gathered to bid their final farewells to the late…
MTN Nigeria Plc has recorded a significant loss before tax amounting to N177.8 billion, attributing the losses to a substantial foreign currency loss of N740 billion. The company’s shareholders’ funds…
The Federal Government has imposed a $10 billion fine on cryptocurrency platform Binance, accusing it of exacerbating Nigeria’s forex crisis. According to Bayo Onanuga, special adviser to President Bola Tinubu,…
The House of Representatives has cautioned the Bola Tinubu-led presidency against hastily implementing the Orosanye Report, urging thorough review before implementation. President Tinubu’s directive for full implementation of the report,…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a significant increase in the benchmark interest rate, raising it by 400 basis points from 18.5…
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…
President Bola Tinubu has appointed Hafsat Bakari as the Chief Executive Officer (CEO) of the Nigerian Financial Intelligence Unit (NFIU). The announcement was made by Ajuri Ngelale, the presidential spokesperson,…
The Nigerian Association of Road Transport Owners (NARTO) has decided to halt its plans for a nationwide strike and instructed its members to resume operations immediately. This decision follows a…
The commissioning of the 181-megawatt Geometric Power plant in Aba, Abia State, originally slated for February 24, has been rescheduled to February 26, 2024. The announcement came from the company’s…
In line with international standards and best practices, the Nigerian federal government has introduced 30-second biometric clearance gates at all international airports nationwide, managed by the Nigeria Immigration Service (NIS).…
Residents of Ibadan, Oyo State, took to the streets on Monday to express their grievances regarding the economic challenges prevailing in the nation. Originating from the Mokola area of Ibadan,…
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…
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.…
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…
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,…
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…
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,…
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…
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…
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…
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 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…
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…
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…