Real Time Financial News Website
The Chairman of the Special Investigative Committee, Jim Obazee, has reportedly requested N2 billion from the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, for various assignments. In…
The Federal Government of Nigeria is in discussions with the World Bank to secure loans totaling over $1bn aimed at addressing the challenges faced by Internally Displaced Persons (IDPs) and…
The Federal Government has introduced a Presidential Conditional Grant Scheme (PCGS) aimed at empowering nanobusinesses as part of the Presidential Palliative Programme. Administered by the Federal Ministry of Industry, Trade,…
Rio Tinto disclosed a 12% decrease in annual earnings on Wednesday, amounting to $11.8 billion for 2023, down from $13.4 billion the previous year. The decline, attributed mostly to lower…
the Federal Government, through the Debt Management Office (DMO), aims to raise N2.5 trillion in its second FGN bonds auction of the year. The offerings, detailed in a circular released…
The foreign exchange (FX) market in Nigeria experienced a notable 56.58% decrease in dollar supply on Wednesday, following a surge in liquidity just two days prior, attributed to interventions by…
The Nigeria Sovereign Investment Authority (NSIA) has unveiled the second edition of the NSIA Prize for Innovation (NPI 2.0), offering Nigerian startups a combined prize value of $220,000. Winners of…
Nigeria’s oil production experienced a notable increase in January 2024, rising to 1.43 million barrels per day (bpd) from 1.34 million bpd recorded in December 2023, marking a 6.9% increase.…
Nigerian billionaire Femi Otedola is set to receive a substantial final dividend exceeding $17 million from his significant 78.64-percent ownership stake in the rapidly growing power-generating company, Geregu Power Plc.…
The Federal Capital Territory Administration (FCTA) in Abuja, Nigeria, has published a list of 43 embassies and high commissions owing a total of $5.3 million in ground rent. The list,…
Russia has halted its annual payments to the Arctic Council until substantive work resumes with the participation of all member countries, as reported by the country’s foreign ministry to the…
The Money Lenders Association (MLA) has voiced its support for the Federal Competition and Consumer Protection Commission’s (FCCPC) efforts to promote ethical conduct in digital lending within Nigeria. The FCCPC’s…
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…
Three major players in Nigeria’s consumer goods industry – Unilever Nigeria Plc, Cadbury Nigeria Plc, and Okomu Oil Palm Plc – have witnessed a remarkable uptick in their export sales,…
The Director-General of the Bureau of Public Service Reforms (BPSR), Mr. Dasuki Arabi, has provided assurance that retirees will reap the benefits of ongoing pension reforms. Speaking at a stakeholders’…
Nigeria is poised to witness a rise in condensate production by 14,000 barrels per day, following the commencement of operations at the Akpo West field owned by TotalEnergies. Currently, Nigeria’s…
The Comptroller-General of the Nigerian Customs Service (NCS), Adewale Adeniyi, has expressed confidence in the Service’s ability to exceed its revenue target of N5.079 trillion for the year 2024. Presenting…
The Nigerian National Petroleum Company Limited (NNPCL) reportedly allocated a substantial N267.98 billion for security expenses over 16 months, reflecting the severity of the security challenges faced by the industry.…
The official Nigeria Autonomous Foreign Exchange Market witnessed a substantial boost, reaching $584 million in foreign exchange transactions, as revealed by data from the FMDQ Exchange on Tuesday. This marks…
On Tuesday, the Nigerian Exchange witnessed losses spurred by declines in BUA Cement, Sterling Financial Holding Company, Consolidated Hallmark Holdings, UPDC, and The Initiates. The equity market saw a significant…
Cadbury Nigeria Plc has disclosed a remarkable operating profit of N8.397 billion for the full year ending December 31, 2023. This figure, as per the company’s audited financial statement filed…
Businesses have expressed dissatisfaction with the Bank of Ghana’s (BoG) 100 basis point reduction in the monetary policy rate, lowering it from 30 percent to 29 percent. They argue that…
Airtel Africa Plc has unveiled its intention to repurchase up to $100 million worth of its shares, underscoring confidence in its financial performance despite ongoing foreign exchange challenges. In its…
The Bank Directors Association of Nigeria (BDAN) has expressed support for the Central Bank of Nigeria’s (CBN) directive instructing commercial banks to cease “hoarding” foreign currencies. The CBN had raised…
Sergio Pimenta, the Regional Vice President for Africa at the International Finance Corporation (IFC), revealed that the institution’s investments in Nigeria amount to $2 billion and are diversified across various…
Alan John Kwadwo Kyerematen, Leader and Founder of the Movement for Change, has introduced his Great Transformational Plan (GTP) aimed at lifting Ghana out of its persistent economic challenges and…
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…