Real Time Financial News Website
The President, Major General Muhammadu Buhari (retd.), says it makes no sense for Nigeria to sell petroleum products at prices lower than those sold in neighbouring countries. He made this…
Nigeria’s cabinet proposed on Wednesday a 3% economic growth target and an 11.95% inflation target for its 2021 budget, a presidency aide said. The cabinet also plans to target a…
The Federal Government has said the removal of fuel subsidy, which led to the recent hike in the pump price of fuel, is a good development for private refineries, as…
Fitch Ratings has revised the Outlook on Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at ‘B’. Key Rating Drivers The revision of…
Jonah Gbemre often has no electricity, but he says his home is permanently lit at night by the flames of waste gas being “flared” near his home town in Nigeria’s…
The National Bureau of Statistics (NBS) will begin a national economic census across the country from October 12. It stated on Monday that it had been more than 20 years…
The Nigerian government on Tuesday launched the commercial operation of the Itakpe-Ajaokuta-Warri railway, a line linking the northern and southern regions of the most populous African country, which was undertaken…
The Nigerian Export Promotion Council says only few Nigerian exporters have benefitted from the United States duty free trade opportunity despite several sensitisation carried out by the council. The Executive…
THE low price of oil and Nigeria’s over-dependence on the product, currently hovering at $40 per barrel, has culminated in a $14 billion revenue gap. President of the Senate, Senator…
Nigeria’s central bank said on Tuesday its foreign reserves have grown by $200 million after a London court ordered the release of a guarantee put in place as security for…
The equity market sustained its positive outlook on Tuesday for the seventh trading session as the Nigerian Stock Exchange All-Share Index rose further by 0.39 per cent. Market watchers attributed…
Britain suffered a record collapse in economic output in the second quarter of 2020 when COVID-19 lockdown measures were in full force, though the decline was slightly smaller than first…
Arrangements are being concluded for the commencement of trading by stockbrokers on the FMDQ Securities Plc. Chairman, Association of Securities Dealing Houses of Nigeria (ASHON), Chief Onyenwechukwu Ezeagu said the…
The Nigerian National Petroleum Corporation, NNPC, on Tuesday, said it is focusing on growing the nation’s domestic gas utilization for balanced economic growth. In a statement in Abuja, Group Managing…
Assets and cash worth more than N700bn have been recovered through the whistleblower policy of the Federal Government, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said on…
From jobs to savings to retirement plans, the coronavirus pandemic has upended many Americans’ financial lives. And that has resulted in millions of people facing serious financial hardship. They are…
Sterling erased earlier gains against the dollar on Tuesday after Bank of England Governor Andrew Bailey warned the economic recovery may not be as strong going forward and did not…
EFCC and SEC officials after a meeting in Kano: warning about Wonder banks, Ponzi schemes Wonder banks which normally promise unsuspecting patrons fantastic returns, are blooming in northern Nigeria, the…
Walt Disney (DIS) – Disney is cutting 28,000 jobs in its theme parks division, as the coronavirus impacts park visits and as the company’s flagship Disneyland resort remains closed for…
Nigeria’s Central Bank (CBN) is planning to move financial inclusion gender gap from 8.5 percent (based on 2018 data) to no gender gap in 2024. The Bank disclosed this in…
Nigeria’s oil reform bill is now with the National Assembly. Due to the political alignment of the legislature with the presidency, it has the best chance of passing into law…
Companies added jobs at a faster-than-expected pace in September due in good part to a surge in manufacturing hires, according to a report Wednesday from ADP. The firm’s monthly private-sector…
As admitted by President Muhammadu Buhari, Nigeria is struggling with illicit financial flows (IFF) as successive budgets suffer setbacks in the last 15 years. Judging by the current exchange rate,…
SINGAPORE — Carlos Ghosn, the scandal-hit former CEO and chairman of Nissan who fled trial in Japan, is launching a business training program to help spark economic recovery in his…
Airport in 2021, possibly early in the year, according to people familiar with the matter. The early plans are a bet that the pandemic’s lull in air travel could help…
Emefiele said the ruling follows the establishment of prima facie fraud before the court. A commercial court in London has ordered the release of the $200m guarantee put in place…
Democrats are continuing their push to restore $600 a week in enhanced unemployment benefits, under a revised legislative proposal intended to juice the pandemic-challenged economy. The modified $2.2 trillion HEROES…
Heading into 2020, the restaurant industry was poised for another year of growth. One of operators’ biggest concerns was the shortage of workers to keep up with demand. Delivery was…
Oil prices have been falling on Tuesday as COVID-19 cases continue to rise, undermining long-term demand. The crude oil spot price was around $40 (£30.60) a barrel (CL=F), down 0.7%…
Nikola’s stock slid by about 7% on Tuesday after CNBC reported new sex abuse allegations against founder Trevor Milton and General Motors said that it is still in discussions over…