Real Time Financial News Website
In Abuja, the nation’s capital, Lagos, Anambra and other states, black marketers were observed selling the new notes to those who could not endure the long queues at Automated Teller…
The African Development Bank has said it has put in place a $1.5bn emergency food production facility to support food sufficiency in Africa. The President, AfDB, Dr. Akinwunmi Adesina, who…
CBN governor Godwin Emefiele in a statement said the new deadline is February 10, 2023. Emefiele made the announcement after meeting President Muhammadu Buhari who is on a working visit…
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 100 basis points to 17.5 per cent. The CBN Governor, Godwin…
Mobile money/Point of Sales agents in Abuja and Lagos have been cut off from the Central Bank of Nigeria’s recently announced cash swap program. The change occurred as the deadline…
Nigeria was the target of “a campaign of bribery and fraud” regarding a failed gas processing project, its attorneys argued before the London High Court as the nation’s appeal against…
Usain Bolt, a Jamaican Olympic sprinter, was astonished to find $12 million gone from an account he had with Stocks and Securities Ltd., an investment company situated in Kingston, according…
Rita Lori Ogbebor and other individuals have been brought before the Delta State High Court in Warri by multinational oil company Chevron Nigeria Limited in order to obtain a perpetual…
The Central Bank of Nigeria (CBN) may have rescinded its earlier order prohibiting banks from loading higher denomination banknotes into Automated Teller Machines (ATM), saying financial institutions are free to…
According to the Central Bank of Nigeria, when more of the new naira notes enter the economy in 2025, the use of cash payments would inevitably decline. This was stated…
According to the CBN memo released today 06 December 2022, the Central Bank Of Nigeria has revised its cash withdrawal limits. Below is the full extract of the memo: NAIRA…
According to the Medical and Dental Consultants’ Association of Nigeria (MDCAN), between 2020 and 2022, at least 500 of its members left the nation. In the first ten months of…
To keep the value of the naira stable between January 2022 and July 2022, the Central Bank of Nigeria injected $11. 24 billion into the economy. This information was found…
Anwar Ibrahim, a veteran statesman from Malaysia, was named the nation’s next prime minister. Following a lengthy electoral standoff, according to the statement from the Southeast Asian country’s palace. The…
According to Russian authorities, a fuel depot exploded in southern Russia near Ukraine. This is a result of a suspected drone attack. There were no casualties in the alleged attack,…
On Tuesday, November 15, 2022, Justice D U. Okorowo of the Federal High Court in Abuja issued a bench warrant for fleeing James Richard Nolan, a Briton, for jumping bail…
Approximately 10,000 employees in business and technical jobs will be let go by Amazon.com Inc (AMZN. O) starting this week, according to a source familiar with the situation. This will…
According to Dr. Abdulrazaq Garba, Director-General of the Nigerian Geological Survey Agency, Nigeria possesses limestone deposits in 14 states totaling roughly 10. 6 billion tons. Sokoto, Gombe, Benue, Kogi, Edo,…
Russia is now Britain’s most-sanctioned nation, surpassing both Iran and Libya, according to the Office of Financial Sanctions Implementation. In response to Moscow’s invasion of Ukraine, the British government declared…
Sacha Poignonnec and Jeremy Hodara, the co-founders and co-CEOs of Jumia Technologies, have both resigned from their positions with immediate effect. This comes as Bloomberg reported that the e-commerce company…
Ramon “HUSHPUPPI” Abbas, a well-known Instagram user, was given an 11-year prison term in the US. He was detained in Dubai, United Arab Emirate (UAE), in June 2020; as a…
The monarch stated he adhered to his $1. 9 billion equity promise to the social media business’s new owner; after flip-flopping on his support of Elon Musk’s bid for the…
The India bridge, which connects the Darbargadh Palace historic hotel with the town, is 1. 25 meters (4.1 feet) wide and spans 233 meters (255 yards). It was constructed in…
The management of the Jabi Lake Mall in Abuja’s Utako neighbourhood suspended operations; due to threats to the safety of the Federal Capital Territory. The management of the mall revealed…
Godwin Emefiele, the governor of the Central Bank of Nigeria, has announced that the top bank will rebrand three naira banknotes. President Muhammadu Buhari had given the bank permission to…
According to the Nigerian Medical Association, Nigeria is currently experiencing the worst brain drain in its history; with no less than 10,296 Nigerian-trained physicians currently working in the United Kingdom.…
Kwasi Kwarteng, Britain’s finance minister, was fired after less than six weeks on the job, according to the The government’s significant tax cuts reportedly caused financial market instability, according to…
Nigerians will no longer be granted visas on arrival in Ethiopia, according to a government announcement. This was announced in a statement sent by the East African country to its…
Aminu Umar-Sadiq is the new Managing Director/Chief Executive Officer (CEO) of the Nigeria Sovereign Investment Authority with the approval of President Muhammadu Buhari (NSIA). These come following the tenure of…
The Nigeria State Action on Business Enabling Reforms (SABER) Program-for-Results will be support by a 750 million International Development Association (IDA) credit; which was authorized by the World Bank. The…